GOLD-is now the time to buy or sell?

YES!

 

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Personally, I'm holding -- not buying or selling. I may buy some more on a dip.

 

Coins or bullion? A coin of gold with a real numistmatic value is always a good buy. A new gold double eagle is more a bullion decision unless you intented to keep it for decades.

I believe gold will hit $1500 by the end of the year. So far this month I have bought a British Sovereign and a slabbed $5 gold eagle as well as a few silver dollars.

 

DONT FORGET------------SILVER----------------The governments DON'T have enough to dump to affect the price, whereas they DO have tons of GOLD and will at sometime DUMP IT!!!!! Look out then, it won't be the FIRST time they've done it!

 

Great, then I get to buy a lot more....world production - 2.2K tons a year. World demand - over 3K tons a year.

Besides, do they actually have enough that they can afford to dump some...eventually the world will demand real assets and not paper for commodities. The government needs all the gold it can get. I would be more worried about them stopping minting gold (actually probably starting with Platinum) than with them dumping. After all, they did that also.

 

I thought the U.S. currency isn't backed by gold: In that the dollar has intrnsic value. ( What people feel our dollar is worth). With the deficit the U. S. has it can't be too good. Thanks President Bush

 

Short term traders should probably be selling and everyone else buying. The buying might make short term moves upward as well. Whatever you do don't short gold.

The dollar had a major blowoff today but one senses this has a way to go yet. This could induce fear and uncertainty which is the major impetus to higher gold prices. The only reason gold and silver didn't do better today was probably the huge rise in the Yen and the concommitent decrease in the carry trade.

Be careful in these markets. If you must bet against the trends keep your stops very close. Get some gold in your portfolio if you have none but don't buy in panic. Get a little and then wait for a pull back.

 

Well, i was going to go to the coin shop today and buy 2 $50 AGE's, but I decided to order from the Mint instead. That'll give me more time to decide if I want to buy now or wait a bit. The 1-oz uncirculated AGE's are backordered and priced at about what the coin shop would sell the buillion AGE for. With the Mint's return policy I can always return the coins if the price suddenly drops.

I recently bought the 2008 buffalo celebration coin and it just shipped yesterday. I got it at the initial $1018.88 price before they raised the price to $1118.88. I followed up with another order for 5 but the Mint cancelled my order after a day, then raised the price.

Btw, I ordered some platinum APE's back in January and they were on hold for a very long time. By the time the Mint shipped them to me the price of platinum had jumped 30-40%. I paid $435 for the 1/4 oz uncirc, and when I received it they were going for almost $600 on Ebay.

 

My suggestion, sell gold only if you are going to use the proceeds to buy silver.

 

sell

i would suggest sell platinum and palladium and buy gold and silver.

 

why?

 

because.....

because platinum and palladium are not widely collected by coin collectors. and platinum and palladium never used as official legal tender coins. or i should said both never used by money before. lastly, their prices were way up against gold and silver.

 

Makes sense from a coin standpoint BUT, as a commodity, bullion if you will, these metals are going to go up, perhaps way up.

Also, why would a platinum coin be any less valuable as a coin than some rare pot metal state quarter or pot medal dollar coin, even if proof. It is official coin of the realm with the rarity of actually being worth something.

I'd hold onto everything now...but that is just me.

 

I wouldn't buy gold now nor would I sell.

 

I'd buy, but I wouldn't buy US....my favorite bullion dealer wants $329 for a new uncirculated 1/4 oz eagle while they are asking $269 for a 1/4 oz uncirculated British Soverign. As both are arguably simply bullion as neither is rare or has vast numistmatic value, why pay $50 more for the US coin?

 

No Sovereigns:

 

Ah well that is even less than 1/4th oz then! .2354 oz I believe... I found one dealer today who sold his gold at melt. Exactly. Soveriegns, etc.. whatever the state... is that common? Coz if so, one might as well buy a coin rather than a bar!

 

does the dealer have we b site i want to buy too