Buy Gold Coins While You Can Still Afford Them!

Gold is now $2,510.00 an ounce!

 

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I never was able to afford them lol,good thing I'm getting inheritance,my uncle has fort knox!!!.

 

Is this the "buy high, sell low" strategy?

 

I think everyone will be cautious.

If you try to sell, people will hesitate to buy during a perceived temporary peak.

If you buy, you’re betting the peak is not a temporary condition.

Both scenarios carry risk…imo…Spark

 

Why? Because gold is X$ now, and I am going to make Zillions?

The "investment" advice is appreciated, but thanks anyway

Please.....

The encouragement wouldn't be because you have some gold pieces on the For Sale Thread, or are going to add some, would it?

 

Yep, just checked.

You are selling gold on the For Sale Thread....

Why? Shouldn't you wait until it increases, so you can make more wampum?

Sigh.....

 

I thought it was too high when it was $1,800.

Silly me.

 

Yep, my thoughts exactly!

 

Over the years since I started coin collecting, I had a strategy how I should collect. I looked at the Mint's new coins (gold and silver) I knew they were high, but it seemed like the price was high at the time. I paid about $1,500 an ounce then. I spoke to other collectors and their advice was to buy what I like and what I could afford. Based on his advice, I bought all the gold that I could afford. I was told that gold would go up, and we needed to wait. I bought gold coins that I liked and accumulated quite a bit of gold and silver as well as other coins. I have also found I liked dimes and quarters as well. Every once in a while I buy a coin that's not gold or silver, but I like them. I bought out all I could get of Apollo coins as I had just got out of the army and I celebrated. My favorite is the 5 Ounce Apollo coin. I got the basketball theme coins and baseball theme as well. I buy what I like and what I can afford. There has been quite a few theme coin that I collect. I especially like the theme coins that are silver or gold. The Mint has had quite a few theme coins lately. I especially like the military theme coins. I think I got them all in both sizes. If I had Elon Musk's money, I would have liked to buy the Statue of Liberty. My father's parents and some of his sibling's went with them. They left England after WWI. My great-grandfather was killed in England with the mustard gas (I think) They were travelling to Utah, but ended up in Indiana where my parents met.I love collecting coins that are in the era of WWI and WWII. My Great Uncle was killed in France as well.
Sorry for my longevity. I have a lot of history from my family and coins help me remember the great stories my family has told over the year. My father and brother were in Viet Nam at the same time. I served with the 82nd during that time.The Sullivan Act prevented my from going to visit with my family members. The army found out I could time, so I became a law clerk. I was a court reporter and transcribed them from my notes. It's fun to tell people that I was in the army during the Viet Nam war. My father collected his coins during his tour during WWII, Korea, and Vietnam. My brother got his Vietnam coins while serving there. He is a great help in identifying my coins.
Sorry for my longevity. I love to hear your life stories as well. Anyone serve in the 82nd at Bragg?

 

If you want to collect gold, @Jim Dale, I would consider other sources other than the mint. Their prices have always been high relative to melt, and you can often get better buys on modern mint products years after they were issued. I did that with the commemorative coins sets that used to be issued in the four and six piece wooden boxes years ago (1984 through the 1990s). I got all but a couple of the sets for less than the issue prices. Today I own almost 100 gold coins for less than melt. Their numismatic value is gone because of the high gold price, but I have a lot of gold.

Today things might be different. The economy is so screwed up that I don’t know what to think about gold and silver oriented coins. I have only bought numismatic pieces lately. I’d love to buy a set of the American Gold Eagles with the eagle head on the reverse, but the bullion price scares me off. Maybe

Maybe gold will go to $3,000 and ounce, but it could also go to $1,200 if things calm down. When I was approaching Middle age it hit $855. Then it drapped to $400 ish.

 

If I could afford to buy more coins I'd do so out of a desire to own them, not sell them at a profit at some future date. I'm a collector, not an investor, so my signal to buy gold is when it's going down, not when it's going up.

 

Personally with the current gold to Silver ratio I would much prefer to have 86 oz of silver. But that's just me.

 

Gold is ridiculously expensive at this point and I refuse to buy......

Except for commems, which makes me ridiculous.

 

I bought some from a guy here on CT and am still happy with my deal...

 

Gold is "ridiculously expensive" because of the reduced purchasing power of the once "almighty dollar."

 

Good Lord.

No. Just.....no.

 

It appears that when Gold is being offered, virtually everyone is "cautious"

I'm a curious cautious individual that has been a continuous PM coin collector for >70 years.

I've a zero credit rating because of my cash dealings.

I've had a six figure "trade" experience.

I currently (yesterday) attended a large show in my locale, with a test sampling of U.S. 69/70 Gold NGC/PCGS certified Eagles with my special test label.

The label states: $BUYBACK (with a price $xxx or $xxxx above).

The coins were denominated from 1/10oz. to 1oz.!

Every coin was priced below eBay Friday sold comp. price before taxes/SH.

I had the current rolled "greysheet" protruding from a pocket with a current eBay sales list.

NO DEALER OFFERED TO PURCHASE @ current "Fair Market Price"

As a presiding officer for "Seniors" meetings, I bring a sealed case of these coins to meetings, without ever mentioning the intent, after a meeting where the primary "new business" discussion was availability of buying "Fair Market" priced U.S. Gold coins.

An educated member asked would I sell any of the coins? What would be the price?

Upon being told the price was as listed plus a $25 "carrying charge" per coin, he left with a 1oz. PR70 and a MS70.

None have requested refund, but several an upgrade!

Members now anticipate my arrival!

 

If we ever get back to $2000 gold I’d be thrilled.
Now what would that take to happen?
World peace breaks out? US has a balanced budget? Central banks around the world stop buying? Gold ownership made illegal in India & China?
Right now I’m riding my silver ETF and physical assets
Diversification in gold for wealth preservation. Buying on dips

 

I'd rather see the silver $15-$17 days 5 years ago instead of $1,500 an ounce for gold even though that'll never happen but one can dream!!!.

 

Nice information and thought.