For Gold people what is your price?

Discussion in 'Bullion Investing' started by Westtexasbound, May 28, 2014.

  1. Westtexasbound

    Westtexasbound Active Member

    Now that is approaching $1250 where are you in at for your next purchase?

    Who much do you like to get at that level?
     
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  3. mikem2000

    mikem2000 Lost Cause

  4. xGAJx

    xGAJx Happy

    Personally, that's far too high, I'm waiting once I can buy a monster box of Gold AGE's for < 1000.:hilarious::hilarious::hilarious::p:p:p
     
    Last edited: May 28, 2014
  5. medoraman

    medoraman Supporter! Supporter

    I am ok buying some gold coins at these prices. I might intentionally buy 10-20 ounces more in coins that interest me if the price dropped around $1000. One issue will be premiums. When prices drop premiums increase, at least for a while. They would lower back quickest on bullion items, but I am more interested in 19th century European gold and US gold type than bullion, so it might be slower for me.
     
  6. jwitten

    jwitten Well-Known Member

    I am always buying smaller gold to resell-- $2.5 and $1 coins.. but would buy $20 pieces to keep if it got back to around $1,000
     
  7. statequarterguy

    statequarterguy Love Pucks

    I'll wait until a nice panic hits the pm market - $400 to $600 would not be impossible.
     
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  8. medoraman

    medoraman Supporter! Supporter

    Many people on this board view me as a pm bear, but I would say this would be impossible. The only way I could see this happening is if there were massive panic in bonds and equities at the same time ala 2008/2009. Then the issue would be where would you get the money to buy this "cheap gold"? Do you take massive losses on bonds or stocks to "cash in" on cheap gold, or do you hold your bonds and stocks because you know, like gold, they will go back up? Only if someone wishes to remain liquid for a long period of time would this cheap gold truly be a buying opportunity.

    I do find myself trying to get a little more liquid right now, as stock, bond, and land prices all are not terribly interesting to me at the moment, so in a year or two maybe I could buy 100 ounces if such an event occurred, but I could never buy as much as I wanted because to do so would require me to post massive losses on other investments.
     
  9. scottishmoney

    scottishmoney Buh bye

    I stopped buying at $850, and most of it was under $500. With all the drums of war beating in Korea, China, Japan, Vietnam and of course in E. Europe who knows what may happen if shooting becomes much more than occasional pock shots.
     
  10. Blaubart

    Blaubart Melt Value = 4.50

    I'm not "gold people", but I'm buying a little bit here and there. I would buy more if it was below $1000, but I also keep an eye on the gold to silver ratio. If gold was at $1000, but silver fell faster than gold, making the gold to silver ratio higher than it is today, then I'd probably still be primarily buying silver. If the opposite was true, I might be selling silver to finance gold purchases.

    Does anyone else find it odd that the gold to silver ratio is backwards. i.e. - Shouldn't it be termed "silver to gold ratio" since it's tracking the number of ounces of silver you can buy for the same price as one ounce of gold?
     
  11. statequarterguy

    statequarterguy Love Pucks

    I don't know, when markets panic they often stay down for long periods, the 1980's pm market comes to mind. Since panic drove the current pm market up, a reverse panic could be devastating, and investors could stay away from pm's for a long time. If gold drops below $1,000, you just may see hoards of panicked investors divesting themselves.
     
    Last edited: May 29, 2014
  12. medoraman

    medoraman Supporter! Supporter

    Maybe, but I simply see Asian demand for gold in particular supporting the price. This wealth, China, India, SE Asia, simply did not exist on the scale it does today 30 years ago. I just don't know how you put that genie back in the bottle.
     
  13. mikem2000

    mikem2000 Lost Cause

    Well yeah, and this is certainly just speculation on my part, but my guess would be we may quickly see an evolution of investment strategies. Yes, they want Gold now because that is what they know and are familiar with but these folks may soon be wanting higher returns and will be trading in their Gold for equities. Why be satisfied by preserving wealth when they can grow their wealth.
     
  14. medoraman

    medoraman Supporter! Supporter

    I hear you, but have you seen the shenanigans that go on in the equities markets over there? My mother in law has quite a bit of money, but would never think of equities due to the rampant insider trading, cross ownerships, and other schemes devisedo to hose the small investor. It very much like equity investing in the 1880's in the US. For that reason, I believe it would take major reforms and a couple of generations to encourage large small investor equity investments like there is in the west.

    Of course, just my opinion as well.
     
  15. scottishmoney

    scottishmoney Buh bye

    Spot prices are going to the point at which holds will be effected - which while the spot price may well be low - the physical gold will be difficult to find without a premium based on demand - a sort of floating price scenario.

    The last time gold went this low a couple of years ago all of a sudden the supply started drying up because of holds.
     
  16. Tinpot

    Tinpot Well-Known Member

    I think gold is already at a good price to buy, but I prefer silver. The gold silver ratio is pretty high at 66 currently, so I think silver is the much better option.
     
  17. westcoasting

    westcoasting Active Member

    Looks like there are people who hate/avoid equities as much as you hate physical PM... people can be so different... go figure. :D
     
  18. Tinpot

    Tinpot Well-Known Member

    I just put him on ignore, clearly he is lacking for attention since he insists on trashing gold/silver investment in the area of the site that is devoted to bullion investing.
     
  19. medoraman

    medoraman Supporter! Supporter

    I personally believe that is a mistake, (of course maybe you have me on ignore). To ever refuse to read or hear a perspective other than your own I would say shows there could be a problem. If your investing world view cannot stand being challenged, then I would contend it's a pretty flimsy opinion. I disagree with many here, off hand maybe Inflexion and Peace people most recently, but I would never put them on ignore. I consider them friends here, and am open to their world view, even if I may disagree. But, I intentionally read it to make sure I know why I disagree. If I cannot understand why I disagree, maybe I am wrong.

    Btw, why does the pm investment section have to only be a cheering section for pm? Everyone regurgitating the same arguments pm pundits have beek telling people for 40 years does no one any good.
     
  20. silverfool

    silverfool Active Member

    I'll buy gold again when it gets near last years lows of $1180 or so. that's not a fixed price for me but a target depending on what unfolds. probably just a couple of OZs. I'm not that wealthy. or as Blaubart says if the SGR goes much higher silver should be the better buy. I just like gold a bit more than silver.
     
  21. Tinpot

    Tinpot Well-Known Member

    Lol I've read his argument hundreds of times over(from him and others). I don't need to see it on a daily basis in almost every thread. (I do wonder if he is a paid poster, its certainly possible and its well documented they do exist)

    I would never go to a stock market and talk crap about stocks all day, it is obviously ridiculous and essentially what he does here.
     
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