Next Level: GOLD $1,350.00

Discussion in 'Bullion Investing' started by elaine 1970, Sep 11, 2009.

  1. fools_gold

    fools_gold Junior Member

    Reminds me of a trick this teacher had on us in college. He would ask everyone to put their thinking caps on and get ready to respond to his question.

    His question was "Why?"

    And kids would spend half the class coming up with all sorts of answers and philosophical thoughts and we all would fail his exam.

    The answer he was looking for was simply, "Why not?"
     
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  3. lucyray

    lucyray Ariel -n- Tango

    But, still, why not what?
     
  4. fools_gold

    fools_gold Junior Member

    It is what it is.....why not "anything".....

    Like a young kid, "but why?"

    Because kids are mean....

    "But why?"

    Because the real world is cruel kid, grow some thick skin...

    "But why?"

    Here, suck on this lollipop and leave me alone kid...

    "But...MMmmmmm yummy"....
     
  5. lucyray

    lucyray Ariel -n- Tango

    You guys are killing me...sheesh!!
     
  6. krispy

    krispy krispy

    why knot "z"?
     
  7. lucyray

    lucyray Ariel -n- Tango

    ..Tied up.. :)) :)) (in knots..) (pretty bad, huh?)
     
  8. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    Your teacher was an idiot. You should have asked for a refund for that portion of your tuition.
     
  9. krispy

    krispy krispy

    CURRENTLY: After the US market opening for Friday 9/24/2010

    GOLD: $1,299.30 -- High so far today $1,300.00
    Silver: $21.37 -- High so far today $21.38

    Platinum: $1651
    Palladium: $561
     
  10. krispy

    krispy krispy

    CURRENTLY:

    GOLD: $1,299.90 -- High so far today $1,300.80
    Silver: $21.38 -- High so far today $21.40

    Platinum: $1649
    Palladium: $565

     
  11. TDRismyname

    TDRismyname New Member

    I stand corrected.... Gold has reached 1300.... which is great :D. But what's even greater is Platinum is up to almost 1650!..... I bought it at 1495... yay!. I bought gold at 1155 and I thought I was gonna get screwed so I only bought a total of about an oz in small stuff but now I've made money on both metals! HOORAY FOR GOLD! and platinum, to a greater extent... let's see Pt. at 3k/oz and gold at 1500 before christmas!
     
  12. TDRismyname

    TDRismyname New Member

    That's a gift that keeps on giving... if you don't sell it.
     
  13. krispy

    krispy krispy

    American Eagle Palladium Bullion Coin Act Introduced in House from CoinNews.net [9/23/2010]

     
  14. TDRismyname

    TDRismyname New Member

    Palladium needs to cool it, I should've bought that 25 rouble 1oz ballerina while it was $600. Now it's f'en 1k and I have regrets. Come back, ballerina!
     
  15. krispy

    krispy krispy

    CURRENTLY:

    GOLD: $1,298.80 -- High so far today $1,300.80
    Silver: $21.36 -- High so far today $21.40

    Platinum: $1647
    Palladium: $562


     
  16. TDRismyname

    TDRismyname New Member

    oh i'm totally buying Palladium Eagles or buffalos or bears or whatever they strike, proof and uncirculated. That's good good good news.
     
  17. TDRismyname

    TDRismyname New Member

    Hey krispy is that a 1oz Gold Eagle I see? and a 1/2oz Gold Eagle? Why'd you go Eagle and not Buffalo.... when I bought gold it was bullion rounds, not coins, but were I to buy coins I'd prob buy Buffalo Proofs? Are you gonna get them NGC/PCGS certified? I sent in my brilliant uncirculated $100 Eagle to PCGS along with 2 morgans (1885 and 1886 Phillies) and 3 rare Mercury dimes (1916-D, 1927, and a 1915 in great condition) and a quality a quality buffalo nickel (VERY rare to see good, clean dates on Buffalo nickels, I have 2 rolls and 70% have the year rubbed off... it's the 1st thing that goes.

    Anyway just wondering why you went 22kt instead of 24kt, and whether you went proof or uncirculated.... curious.
     
  18. TDRismyname

    TDRismyname New Member

    Anyway the buyback price for my $100 eagle is 1680 w/o PCGS... with it it's something like 1800-1900 @ MS-69. MS-70 it's like 3k.

    The rating definitely adds substantial value, and if you get lucky (first strike, error, MS-70) it can double the value. That's why I decided to go coin instead of bullion, yesterday I bought the only 2005 MS-69 1/10th oz $10 Pt. Eagle for 228, and they only minted 5000 of those coins... prob why apmex only had 1. Weirdly I've searched and one site says they minted 16,100.... another says 5000... and no I'm not confusing proofs and monetary coinage, they had seperate proof listings. Regardless, I'm wondering how long it will take for that coin to become super-rare. Maybe after the next platinum peak half or more will be assayed... I can only hope. That's a long term investment.... a coin minted in '05 that's already very rare. If I could find an '05 -w or MS-70.... IDK it could be worth 1k easy... the combo would be worth 5x more!


    Also, do you think it's better to invest in pre-1933 gold or stick to modern stuff.... I've been buying MS-70 silver 1oz pandas just because I've seen these coins go for 1k 5 years later. IDK what's up with modern silver MS-70 pandas, they're worth they're weight in gold or more and they were made a few years ago! Crazy stuff.
     
  19. lucyray

    lucyray Ariel -n- Tango

    Does anyone know if there is a coin with a Bobcat on it? Having no idea where to begin to look, thought I'd ask here first.. this is the year of the bobcat for me :) Been looking for the real deal for a year, (and will have him in January or February), and a coin would be awesome.. That's probably not a bullion question, sorry..
     
  20. krispy

    krispy krispy

    @TDR: Yes, those are Eagles that you see in my avatar image. The reason at the time when I bought those particular bullion coins is that there was no such thing as the American Gold Buffalo coin from the US Mint. The years of purchase for those Eagles in my avatar were and the dates on those Eagle coins are 1986-1987. There was no 24k bullion coin choice at that time. I have since 2006 obtained Proof only examples of Buffalo gold coins in my collection (non investment coins).

    Bullion is for investment. Proof coins (and burnished collector version Unc) coins are for collecting.

    I avoid buying bullion slabbed unless the price is close to spot the way the bullion coin would sell unslabbed. Buying bullion slabbed is usually sold at a huge mark up by coin dealers. Having bullion graded yourself is a waste of funds (IMO) which are better spent on other things, like obtaining more physical bullion at a better price. Anything can be collected, including bullion Eagle coins, which may one day have a numismatic premium when the program eventually ends and the supply is fixed. Until then I don't feel it wise to be paying too much above spot + a small percent for bullion Eagles.

    Eagles are long running government issued bullion from the US. Readily recognized in the market, with high demand and easier to liquidate when it comes time to do so. Buffaloes are a newer series and are equally good investments, if not a bit more of a mark up from AGEs, they are just not as familiar to everyone (even yet) since the program only began in 2006.
     
  21. krispy

    krispy krispy

    As in the Chinese lunar calendar?
     
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