Is now the right time to buy gold??

its always the right time. Is now the right time to hit the powerball jackpot ? May not be the best possible time but its always the right time.

 

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so now we're diving down the rabbit hole into your personal end times fantasy. yuck

 

"Is now the right time to buy gold??" At a GSR of 72:1 I am all over silver right now. I feel the upside will be much better than gold.

 

It's always the right time if you can get it at the right price.

I picked a couple of $10 Gold Indian Eagles for 98% of melt over the last week. I wish I could do it more often.

I picked up some sovereigns from Apmex, and they were kind enough to send me a few different mint marks. One of the year/mints carries a small premium.

It was the right time for me.

 

Maybe so deadline but they have been saying this for a long long time. Like back when the GSR was in the 40's.

Im not sure that its a great idea to buy one item over the other simply because its been getting its head bashed in for a long long time.

Im sure when the GSR is 125:1 they will say buy silver because the GSR used to be 72:1 and now its 125:1.

Then when the GSR is 175:1 it will be buy silver because the GSR used to be 125:1.

Maybe some day they will say - forget the ever expanding GSR and buy Gold.

 

Its just one of many reasons I prefer silver. Nothing wrong with buying gold right now though.

 

I'm dying to know what the mystery coin is!

 

Around Central Ohio, the easiest gold to find is the $5 commems of the last 20 years, pulled out of Commemorative Mint Sets, either Proof or Uncirculated. I recently paid $610 for two pieces, which was less than 1% over spot, at the time. Nobody wants them...they'd rather buy fractional ounces of Eagles, at a hefty premium. This baffles me.

A tip about Papua New Guinea gold 100 Kina -- ONE year out of that long run of dates (1975 to 1992) is .500 fine, all the rest are .900 fine. The culprit is the 1980 Festival of the Arts piece -- don't get stuck!

 

Aren't these the 1/10th ounce $5 gold coins? Or if not, can you point me/us in the direction?

 

A friend of mine only collects 1/10th Eagles. I started a thread about how to invest in gold eagles before and the 1/10ths of course have a premium greater than the 1 oz.

But if you watch TV there's that one ad that is selling the 1/10ths all the time. It is much more affordable for most people to buy one or two per month. Most people cannot afford (nor save up) to buy a 1/2 or 1oz eagle. It's just too much money to "sink" into one coin. But buying multiple coins seems more affordable and easier to convince oneself.

I think it's the US Money Reserve (or something) with those TV ads .. stacking slabbed gold coins in and out of a vault.

 

I may be incorrect, but I believe you'll find that "activity" in U.S. Gold coins is contrary to your suggestion.

JMHO

 

So now that 2016 is into the history books - and we have a new year upon is, what's everyone's prediction for 2017?

 

My predictions for 2017? Both silver and gold will go way high. Else not. Possibly one will go up and the other down but any which way some of us will do better and others less so.

 

Sounds like a definite possibility .

 

But seriously , the answer completely depends on your exit strategy.
Edit: on whether it's the right time to buy gold.

 

I think gold and silver will go up, then down, then up again, and down. It may possibly cycle around and drive people crazy trying to predict it.

 

That's not a prediction, that's a wild a** guess.

 

I think it's going to go back to 900.

 

I know what's going to happen but I cant tell anyone. But for the low low price of $19.95 you can buy my new book which explains everything! I say the stock market will have a 50-60% correction, the derivatives bubble will explode and the manipulation of silver and gold prices will end causing silver and gold to reach their true price and find its natural equilibrium.