are you with me?

I just don't know about GOLD.. I have a funny feeling that it will level out or decline in the next 5 years. I believe the bus for gold left a long time ago. If I had 100K to invest, I'd put a small amount in Gold, and the rest in (Silver, Platinum, and Copper).

 

Log in or Sign up to hide this ad.

This is the one I referred to originally...The "100 mils" indicates it's just plated, but some folks don't know that.

[video=youtube;QI5PWVGuHKo]http://www.youtube.com/watch?v=QI5PWVGuHKo[/video]

 

Here is an interesting perspective on gold/silver for 2012 from polling coin dealers. via coinflation.

http://www.sacbee.com/2011/12/27/4147210/poll-coin-dealers-predict-gold.html

 

Are you implying that I should be worried even on these ones:

 

Just a thought...

If I were a Dealer sitting on a boatload of PMs as I watch prices drop...would my public prediction be for a rise or fall in PM prices over the coming year?

 

In my opinion, the small bars are more of a novelty item than a true investment. If the market turns against gold someday, the premium on the oddball items will increase faster than on the AGE series. When demand falls, it will fall first for things like the 10g bars, and in that event dealers like Gainesville may stop buying them. My bias is to always buy items that have a high probability of being easy to resell in good times and in bad.

 

I'm not a PM collector/hoarder so I have absolutely no idea. On the surface, I would guess "no".

 

I trust seasoned coin dealer's opinions on gold and silver less than anyone's. If they were right even a fraction of the time they'd all be billionaires right now. And, if people that deal in silver and gold daily aren't Richie Rich rich by now, that says a lot about how unstable and unreliable investing in metal really is. Doesn't take an economist to see that.
Guy

 

I don't wanna **** anyone off, but just take a look at the response by James Hoovland at the bottom of that article. I really couldn't take that article at face value, because nobody that is in the rare coin business will openly speculate in a bearish PM market. Too much variation in their predictions as well.

 

Ok, summing up all the opinions above, I guess diversification of wealth reservation is the key. In that case, I'll make sure to have a few fractional gold bars or coins with the former being preferable due to low premium, some 1 oz AGE or Maple coins, and plenty of silver (be it ASE or Maples).

ps: maybe some platinum too ;-)

 

We've seen gold, silver, copper and platinum all mentioned in this thread. Why hasn't palladium been shown any love? I think it's an interesting alternative, given the potential shortage in Russia. Also, it has a tremendous amount of usage in industry.

 

Yes, you are right. Paladium is also an interesting choice. I am dying in waiting for the American Eagle Paladium coin. I hope the Mint release them this coming 2012. Sorry, no pun intended for Russian Balerina coin - just not my cup of tea as the British says it ;-)

 

I'm with you on the Pamp gold bars. It's a fantastic way to accumulate gold.
Speculating on the direction of the premium on different bullion (coins versus 10g bars etc) is a silly exercise in my opinion.

 

Thanks for the post. I just ordered my first 10g PAMP bar yesterday when gold dipped to 1523.30. I got it for a mere ~535 inclusive shipping. I am happy with my first purchase.

 

That's a really great price! :thumb:

Personally, I like US numismatic bullion...let me explain why. True, it costs more, but you get more for your money (I think). You bought 10 grams of pure gold for $535...that's 0.3215 of an Ounce. You can buy a one (1) ounce Gold Proof Buffalo directly from the US Mint for $1860. $1860 * .3215 = $598...that's $65 more than you paid (per 10 grams) give or take.

That may seem like a waste of money. However, with the numismatic bullion, you get a limited edition numismatic work of art that will likely retain some numismatic value even if the price of gold declines...I think if it as a form of "insurance". You also get a beautiful leather and wood display case. I remember how delighted my friend Joe was when his 2008 Gold Proof Buffaloes had an early sell-out. (Cha-CHING!). I did pretty well with my 2009 UHR coins, also.

I'm not saying I'm right and you're wrong...it's just another perspective.

 

yakpoo for Coin Czar

Congrats on 3000 posts :thumb:

 

I would say 2 things:

1. You can actually get the Proof Buffalo for $1,706.00, if you're not picky about the year of issue.

2. PAMP's Lady Fortuna is much easier on the eyes than the Indian warrior or the buffalo.

 

So I have to ask how long you've been buying the libs, brits, kooks, lunars and pandas? These are some bullion items that have shown much better returns on investment than straight bullion, especially if you've been collecting them for a while. Most on here will extoll the virtues of ASE and AGE, but because of volume produced they are much more tied to the spot price of the metals, while the items I asked about are also, but to a lesser degree. I'm curious to know how long you've been at this.

 

Wow...I hadn't noticed! ...that's a lotta Yak'n!

 

The more important this is how much of it was yakin poo???