Are PMs riding due to uncertainty regarding Russia & Ukraine?

Agreed.

Let's say gold shoots up to $3,000 an ounce. The quasi-generic MS-65 1924 Saints and other "commons" in non-condition rare grades will probably sell for $4,000 or more. You might have to take a small discount on the coin, but you'll certainly get more than the $2,300 you paid recently. Percentage-wise, though, buying bullion and then selling gets you a lower cost/sale ratio.

However, buy a high premium coin right now for $4,000 or more....like an AU High Relief MCMVII -- and you might get at most 10-20% more than you paid for it. You will need a much higher gold price...or a longer more-pronounced move in gold....or a numismatic rush....to get the same percentage boost.

 

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I think it a good idea have a variety of investments,bsicslly s little of everything

 

Agreed. I'm not selling my little stash, even if gold moved to $3,000.

$4,000 or $5,000 an ounce and then I might take profits and hope to buy back much cheaper.

Which would probably be confirmation it was heading to $10,000 !!

 

Not sure whether it's uncertainty, or grimly increasing certainty.

 

As someone who worked in 2 private banks for HNW and ultra-HNW individuals....nobody is going to get fired for putting a few $$$ into gold. The client may bitch a bit....may question you....but I never heard of anybody losing their job because they bought some gold for a client. You can always call it Disaster Insurance.

OTOH....even though it's up today, if you put big $$$ into BitCoin and it did nothing or went down, you'd have some 'splaining to do, as Ricky said to Lucy.

 

Watch platinum and palladium as well. Russia is a big producer of both, and they could either dump because they need money or cut off exports to cripple our auto industry (Catalytic converters).

 

We're in another time of "questionable uncertainty" and can expect radical mood swings in all the markets...hopefully this will pass soon.

 

Just for my information only, how much is a decent amount of gold. Do I buy now, or do I sell?

 

Buy some if you are risk-averse. Be prepared to buy more LOWER if peace breaks out.

If things go wrong, and the price goes higher, you at least bought some cheap.

Your specific circumstances only you know.

 

Good point, especially with Palladium, as that is very volatile anyway !
adding war in to the mix will only add to that.