Is now the right time to buy gold??

or will it go lower? If only I had a crystal ball.

http://seekingalpha.com/news/323103...low-track-sixth-straight-weekly-decline?ifp=0

 

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If I knew the answer to that question, I'd have struck it rich years ago.

 

My recommendation:
Wait, but don't wait too long.

 

down a bunch yesterday.

 

and up 10.24 today

 

If I knew the answer to that, do you really think I would tell anyone?

Chris

 

Dollar Cost Averaging is your friend.

I've planned buys over the next few months, and will continue to buy the downtrend dips.

If you look at the market last year, it was at it's lowest point during the winter - and then POP!

Of course that is history, and nobody knows the future. But I'm buying right now - in moderation.

 

Never buy any investment in one huge chunk, be it a stock, bonds or precious metals.

 

It is interesting to note, that many countries are now on a gold melting spree. Most dealers are dumping stocks of common date classic U.S. & foreign gold because they can barely get 3% over melt value. It's not worth their effort hold a lot of coins that grade less than A.U. anymore or at least for the time being. How much this will affect prices and when requires that crystal ball. But I'd be willing to bet that at some point down the road, if and when gold recovers, it will have an effect on some of the more common coins as the surviving mintages will be affected. So, it is probably a good time to pick up some of these before they go to the smelter. But I would not blow my entire budget on this either. Careful planning and careful buying. But not more than 10% of your investment holdings. IMHO.

 

Position yourself to maximize the future value of your precious metal investment while maximizing liquidity...... by acquiring Au & Ag coins versus bars, rounds, commemoratives and paper.
The greatest market "activity" by coin grade resides between Vg and Bu. Lower and higher grades, although opposite and active sections of the PM marketplace, are occupied by more niche collectors with either limited or umlimited resources respectively.

 

nothing wrong with silver bars

 

of course in a down economy you'll get melt (highest liquidity). So spending extra on AU etc could be deemed a waste of money.

It's more than just "one way" to invest. It depends what you are investing for.
for example:
1 - for a positive, ever improving coin valuations assuming a consistent continuous demand over time.
2 - for a hedge against a down economy where hopefully the value of PMs will jump versus "today"
3 - alternative assets
4 - zombie apocalypse (lead is a better investment)

The thing about paper, is if you have a $100 today, it will be worth $100 tomorrow. If you buy old paper for an investment, then that is different, it's dependent upon demand which is dependent upon the economy once again.

 

It,s a great time to buy pre-33 coins, and getting better by the day.

 

My rules for buying gold: buy when U.S., dollar is at record strength (like now); when gold is trending low (like now); buy U.S., gold coins (preferably pre-1933); and buy using extra cash you have (so you aren't forced to sell in a down market). So why am I not buying gold right now? Because I'm broke.

 

I,ll get yelled at if I buy any...but maybe I could be sneaky about it...my gut tells me to watch the market a little longer...I usually have regrets for waiting too long...Maybe I should ask Llama for advice...no,he also gets it wrong.

 

Looks like the llama is mad, so I wouldn't buy right now.

..
..
Just Kidding !!

 

Me thinks he needs to see the llama hygienist.

 

I would suggest buying gold now, it's not going much lower. I January and beyond it will start to rise. Dollar at 14 year high, how long can it last? IMO.

 

You'd trust an animal that would spit in your eye after you fed it?

I can only imagine what your broker would get away with!

I found a great gold coin that I'm picking up for melt, and I think I'm going to build an entire collection around them.

I'll tell you what they are once I complete the collection.

 

I agree with silver bars too as long as there is ample coinage in the collection, just in case one has to buy/trade for toothpaste, coffee or sugar at the local trading post.