Hey guys. A little info about my portfolio: I have about 200 ounces of silver, 1oz + 1/10oz of gold and 1 ounce of platinum. I was contemplating selling my 1/10oz American Gold Eagle (along with the premium it carries for being such a small denomination), to reinvest into another PM medium. Im not asking which way gold or silver will go... I'm asking if you think It would be a good idea to get sell with a premium the 1/10oz AGE. Do you think in the future IF gold goes higher, the 1/10oz AGE will still command a decent premium? Or should I sell now while I KNOW it has a premium. Do you think if I sell the 1/10oz AGE and keep my 1 oz AGE it will be hard to get rid of the full ounce gold eagle? Should I save the 1/10oz for such an occasion? Thanks for any input.
If it was me, I'd sell some of the silver since it's at a record high and re-invest in collectible gold. I just bought an 1898 Victorian sovereign and an 1888 Prussian 20 Mark and paid only $25 over spot for each. Both in AU condition. I'm sure there will be plenty of people here who disagree with my strategy but it's hard to argue with buying coins like that at such a small premium. Whatever input you get, you need to invest in what will make you happy to own.
I plan to sell my bag of 40% silver halves when silver gets over $50 and go into Platinum and Palladium.
I remember you expressing your interest in Platinum and palladium the past month or two. Just curious, how do you feel about gold? I think I will save my 1/10oz gold coin. obviously I am very heavy in silver, and light on gold. (200 oz silver, 1.1 oz gold, 1 oz platinum). Recently, I as well have been looking for deals on platinum and palladium. The problem is, at this time, without selling any of my gold or silver, I would only be able to afford a 1/4oz of platinum, or a half oz of palladium AT THE MOST. Thanks for the reply fifty, Anyway, staying on topic, any thoughts on the premium attached to 1/10oz AGE's? Currently on ebay they are selling for ABOUT $40 over spot (which equates to 400 over per ounce.
Interesting idea. I will have to do some research on numismatic Gold. I know very little about numismatics. A family member is a big investor in gold bullion, but also has 2 or 3 graded st. Gaudens (double eagle). Thanks for the input
I wouldn't sell it just to buy silver. You'd only get 4 or 5 oz of silver anyway, and honestly, wouldn't 5 extra oz of silver be kinda boring when you already have 200 oz to look at in your collection? I wouldn't sell just to take advantage of a $40 premium.
Gold and palladium are both overpriced. Mind you, I'm not saying they're going down, but just that they're trading significantly higher than both intrinsic and relative values.
Right now the prices have dropped on 2 1/2 gold Indians. You can buy them for less than they were a few years ago. In fact most common generic pre-1933 US Gold coins are down or staying stagnant. If one was considering getting into numismatic gold for collections, it's a good time. Bullion is hot and probably where the smart money should go. As for selling the tenth ounce- sure if you need the money take your profit. But holding on to it a bit longer may be better.
