There's an article on Yahoo's finance page about the gold coin market and the fear to invest with buying dropping off. Usually with everyone scared off - it's a good time to buy. Is it? http://finance.yahoo.com/news/gold-coin-market-vanishing-u-052036235.html
These so-called experts who predict this or that will happen aren't worth crap. Yes, their predictions might come true in 10, 15 or maybe 20 years, but in the meantime, the only one who will profit is the party paying them to make these predictions. Chris
It's a good time to buy in my opinion. Prices are low and countries are in a rush to out-print each other, eventually that will show up with high inflation and a rise in the silver and gold price.
I'm a buyer. My sales horizon is at least 10 years off - probably 15-20. I've always followed the theory that whenever everyone else is too scared to buy - or even better, completely disillusioned - it's the time to buy. Besides, it takes time to build a nice collection - and the sum is greater than the cost of parts. I had my entire family calling me a fool in 2010 when I bought a second house. "Real Estate will NEVER recover in the next 20 years, you're insane!" That house now appraises for almost 50% more than I paid. Of course it was a bit nerve racking the first couple years, but you can't expect immediate gratification on investments. If you get it, it's sheer luck or you paid well under market value to begin with (another version of sheer luck!).
I buy and sale gold coins. I have had a few bad months, with coins going cheaper than I would want. But I have been buying cheaper too, so I guess it evens out.
"countries are in a rush to out-print each other" Excellent point that is rarely mentioned in the media. The US dollar is strong right now, but that is only because we are not printing money as fast as the other countries. However we are still printing it to the point one day of collapse. Nobody can accurately predict when that day will come, but when it does come, it is going to make October 1929 look like a picnic.
Hopefully the price drops even more as weaker hands sell off and demand slows. Will just mean I can buy more at less cost.
The same as people will buy a stock when the price goes up (jumping onboard) and sell the stock when the price goes down--and then complain about Wall Street being rigged. I wonder if any of the analysts are predicting what gold and silver will be in 5-10 years.
Sure there are always lot of predictions out there, some say gold will be $5,000, others $500. Some say silver will be a $100, others $8. (and a lot of predictions inbetween!)
I have been buying silver, but not because of the market predictions - just because I want some. The gold I have been buying is mostly AU coins(classic coins) with still some numismatic value, but my LCS dealer is recommending common date saints in ms grade. I have to admit I bought one from him years ago for around $1150 and sold it around $1500. Maybe if gold gets that cheap again I will get another. Just my opinion.
Well I predict that gold will go to $32,550,403 SpaceBucks in the Bleeb galaxy on planet Moronia... And I am quite sure my prediction is as accurate as the one on Yahoo's finance page this week predicting $25,000. It will go up, it always does - my guess is that the election year will bring strength to the market for protective support. I think this guy traded his gold for Goldschlagger http://finance.yahoo.com/news/next-great-bull-market-gold-114233825.html
Generically, is it the best time to buy when either everyone is ignoring the market or are down on it? Definitely, if you are a long term investor. Is that the state of the gold market right now? Hard to tell. Might be a little room downward, but I am comfortable enough with the current price I am buying what I wish.
Like I said, I buy and sell a lot of gold, but I have also slowly been adding to my graded collection recently with these prices. Best I have seen for awhile.
