2009 ultra high relief double eagle unciruclated gold coin

Discussion in 'Bullion Investing' started by elaine 1970, Jan 21, 2009.

  1. elaine 1970

    elaine 1970 material girl

    for bullion wise. those who bought mint gold products should enjoy it. gold seem to and will hit $1,000.00 an ounce and very possibly over $1,000.00 to $1,150.00 or more.
     
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  3. SirCharlie

    SirCharlie Chuck

    I have just put the UHR idea away, and it will get here whenever it gets here, or not, and I'll have more money in my pocket. It was eating at me, so I had to turn it over to the higher power. I am happy for Charlie, but the one thing that's hard to let go of is the outright lies and stupidity from the mint, plus the fact that the clock is running on the First Strike.

    But I gotta put that away too.

    There...All Better Now!!!
     

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  4. green18

    green18 Unknown member Sweet on Commemorative Coins

    First stike's a myth Charlie. That metal's so soft it's going to grade at least a '69.
     
  5. ikas

    ikas Junior Member

    Elaine.... just wait until an historic inflation rears its ugly head in the not too distant future... gold will top $2000. Buy all the gold you can kids.
     
  6. SirCharlie

    SirCharlie Chuck

    I totally agree. Gold will top $2000 b4 the end of this year. It was almost $900 decades ago. Gold has just never caught up, and gone up like everything else over time, because if it had, it would probably be $2250 an ounce. It's to the point that it will have to go up now, with the economy the way it is.

    Just my opinion, but I feel good about it.
     
  7. SirCharlie

    SirCharlie Chuck

    Well I'll be darn. The pending charges came off my card about 4-5 days ago, so I figured it was going to be a while. I just checked my CC account and it hit again. This time for the UHR, 5 Proof Lincoln Silver Dollar Proofs and 5 Unc. Lincoln Silver Dollars. They have it all together now. That is making me feel better.
    30826XXX @ 12:05 pm on 1/22/09. I got through at 12:01, but it took about 4 minutes to get the order completed. I'll believe it when it gets here though.
    Good luck to ALL!
     
  8. elaine 1970

    elaine 1970 material girl

    well, when gold pass $1.000.00. it will. of course move very fast to a certain high point. i know it will....i agree most of you.
     
  9. maksimfa

    maksimfa New Member

    Gold is a good hedge against inflation over the long term.... but some people here are acting like gold cannot go down. Much like Oil, when people were screaming for $200 a barrel... and $8 a gallon gas, I feel gold is where we are now.

    Dont get me wrong, I am a financial advisor, preach proper asset allocation along all asset classes, but people have the same fever now with gold as when oil was at the top. I had clients calling in wanting to put 100% of their money in oil stocks.

    Do I think Gold will hit $1k and up? Yes... This year? Maybe, but only once the economy starts recovering. Dont be the sucker who bought a house to flip it in 07, oil at $150, Google at $700, Tech stocks in 2000.

    Invest in gold coins for the underlying value... just dont complain when the panic recedes, we are in a slow growth phase, currently in a disinflationary environment.

    Every six pack sucker has piled on into gold. THE ONLY demand for gold right now is retail investors, all of the institutions, have been out of it for a bit. Gold is highly expensive in relation to all other pm in the short term.

    At 1k an oz, I will buy platinum, any day.

    Just look at it this way.... why is gold really the only Precious Metal to be up? Every other precious metal that is also used industrially, more precious and rare than gold.... is down in price like it should be? Because there are no nutcases buying gold like its out of style. You will have a better opportunity to load up on it in the $600's to $700's before the runup.

    When the dust settles from the massive spending and money in the money supply, unemployment keeps going up, the same collectors will be dumping their metals, buying stocks.... that is the time to be buying it... when the retail investor is selling.
     
  10. maksimfa

    maksimfa New Member

    Btw, I am, in fairness of disclosure. Long Silver, Platinum, short gold via etf's and futures. I am also buying silver and platinum coins.... and the occassional GAE at the special prices from the magazine ads, below spot.
     
  11. SirCharlie

    SirCharlie Chuck

    I've got quite a bit, but I don't think that I want to go over 5% to 6% in gold for the portfolio. Isn't that about what you tell people?
     
  12. andrew289

    andrew289 Senior Analyst

    The whining is great comic relief.
    Just make sure you are serving cheese with the wine next time.
    :kewl:
     
  13. green18

    green18 Unknown member Sweet on Commemorative Coins

    Andrew, I'll take wine over whine every time....
     
  14. maksimfa

    maksimfa New Member

    Depends. If unhedged, and it is part of your overall investment portfolio, sounds about right....

    If you just like gold, but want to protect on the downside.... believe it or not, you can buy a little insurance against it.

    Say you have 100oz of gold via bullion, coins, etf's, etc... an easy thing to do is to buy a put option, for a very small premium, that if gold were to go down sometime in the future, you would make money to balance the "paper loss" on your gold holdings.

    Otherwise, physical precious metals, or mining companies and their stocks are a good diversifier as well. typically, gold stocks and gold trade hand in hand....

    but I agree, holding 100oz of gold in hand, or a 100 shares representing the same in a depository of HSBC..... the gold looks cooler in hand... but we all know it can be kind of ludicrous.... for the same reason we dont hold thousands of dollars in federal reserve notes in single dollar bills in our homes.
     
  15. spock1k

    spock1k King of Hearts


    2000 yrs and GD still hasnt learn about human nature :D. here we dont have online tracking or customer service in any form and coin orders take 18 months to complete :) in comparison the us mint is lightening quick

    havent seen Harvey has he been drinking wine? :D
     
  16. maksimfa

    maksimfa New Member

    what I think the government has to do, to fullfill our desire for immediate gratification... is attach a small wireless camera... that transmits to a secure website, giving us a 24/7 look at the state of the package. Furthermore, a built in GPS unit will show up on a secure map. For an extra $20, they can include a heat sensor in the package that tracks the exact temperature of the package....

    heck, for the money and premium being paid above the bullion value.... why not? =)

    In Obama's spirit of hope and change, and hope, and wishful thinking.... how about it?
     
  17. green18

    green18 Unknown member Sweet on Commemorative Coins

    He was last night....:)
     
  18. ML94539

    ML94539 Senior Member

    Originally Posted by green18 [​IMG]
    Well, the holiday is over and the option is still down. I think we all burned out a bearing on their server with all the requests to check on our orders (LOL).

    The reason why people can't track their order was because their website can be hacked by order number, some people's orders got canceled by others who knew their name and order number. http://coins.about.com/b/2009/02/17/us-mint-web-site-security-breach.htm?nl=1
     
  19. green18

    green18 Unknown member Sweet on Commemorative Coins

    All I can say is wow....:eek:
     
  20. elaine 1970

    elaine 1970 material girl

    by tomorrow. UHR double eagle and prosperity set are up another $50.00.
     
  21. SirCharlie

    SirCharlie Chuck

    Elaine,
    My guess is we are in for a long steady slow climb on gold. I think I saw something about the Prosperity set. It seems like most everyone overlooked it for some reason, and I'll wager that it ends up being worth a pretty penny too. Does anyone know the mintage on them?

    ML94539... Thanks for the link...Interesting about the US Mint Breach.
     
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