When are you hopping back on the GOLD and SILVER buying train ?

I'm agnostic on rooting for it to go higher or lower. If it goes higher, my small holdings appreciate....if it falls, when I have more $$$, I'll be able to buy more.

A rapid rise like we saw in gold (doubling in a year) and silver (quadrupling in a year) deters buying more than a slow, gradual rise.

I thought we could hit $5,000 by 2030 and was too conservative. I think $7,500 is feasible by then and $10,000 by 2035 (aggressive) or 2040 (slow rise).

Support ? I'd be surprised if gold broke $3,500...so far, $4,500 looks like a place to accumulate.

Regardless of what gold does...don't let it matter. If it goes down, as long as you aren't using borrowed $$$ or have too much of your total assets in PMs, you'll be fine.

I always ask my financial clients "if what you just bought went down 50% would it change your life ?"

If the answer is NO...then don't worry.

 

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Yeah I won't buy silver until the coin shops start buying again and the price goes down, maybe below $90, we'll see. As far as gold goes, I never really stopped buying, I just buy smaller and spend less as I don't have the funds like I did a few years ago.

 

Isn't it below $80, at least futures ?

 

You are MUCH wiser to collect numismatic gold rarities, prices have escalated in past hundred years by 1000 fold.
I have proof/ going thru auction records 1925-2025. Matter of fact, I have a coin, that had 1936 Berlin Auction tag of 25RM = $5US
In 2017, I won it in Sincona event for hammer price of 4500SF = 5KUS Thus $5 1936 5KUS 2017 = 1000X
In 2024 a exact same coin, hammered for 6K SFs!

 

I never quite, but I have purchased small gold coins, quarter eagles, which still have a numismatic value. Ditto for silver. My big silver coin purchase at FUN was a 1797 dime.

 

If you could go back to the past, yes, many/most numismatics in gold or silver outperformed the underlying metal.

However...I think today....if you want to bet on the direction, you HAVE to buy bullion. Premiums erode except for the highest-valued "trophy" coins that are totally divorced from the underlying metal price.

If you bought before the rise in metals and the numismatic bull markets that occurred after 1973 you have a great chance of good returns. That's why many veterans here who were born before 1960 did great with many of their early purchases.

If you look at many of the trophy numismatic purchases today or in recent years, they average mid-single digits (MSD) returns over long periods of time for the most part. However, a coin like the Bass 1860 PR-65+ DCAM Liberty Head DE was sold after being held for 53 years and returned about 12% annually over that holding period. It was originally purchased by Harry Bass in 1970.

 

Also, I was talking about World coinage, from 670 BC to 1900 era. Of course "high quality" + rarity + eye appeal = high returns. Most non USA coins are still underpriced compared to US in rarity to actual prices. I have over 20 "UNIQUE" gold/ electrum coins, all were under 10K. There are many US coins 100+ known that hammered for 100K+in past auctions.

 

Would it be rude to ask what you paid for those?

 

It isn't necessarily rude to ask a collector what they paid. Some of us will share, some of us won't. Many of us buy at public auctions, so you can easily see what we paid.

However, a dealer will usually not tell you what they paid (unless they also bought at public auction). The amount of premium they are asking, and how much profit they are making, aren't something most dealers generally like to talk about.

 

I was a bit surprised when I went to the November local show - a couple of dealers were being very frank about their margins, i.e. buying and selling gold ounces with a 4% spread. Of course, this was when gold and silver were in mid-soar, and people needed a bit of convincing around whether pricing was fair.

 

Yeah, I've come across a couple of ads below $80 but I'm in no hurry, when it comes to silver, it can wait.

 

Gold and Silver are the only honest forms of money left in todays world. Buy what you can.

 

This be true...as gold and silver price manipulation to keep lower is a historical and contemporary proven fact benefiting those who benefit from low precious metal prices. Holy cow...this similar circumstance and commodity manipulation was featured in the UK Roman Empire mini series "I, Claudius" but the commodity was grain vs cost dredging the harbor. History repeats itself.

 

Saw on youtube US$ vs Gold

In 1932, if you had a $20 bill you could exchange for Double Eagle (1 oz gold)In 1971 you could take $35.00 and get 1 oz gold wafer or worn Double eagle
Now in 1990 you had to pay $200 for 1 oz gold or gotten 1/10 oz gold for $20 bucks
Today, you have to lay down $5000 to but 1 oz gold, or get a speck for $20 dollars. Or precisely 1/10 of a gram
Back in 1932, it was neat, you could exchange a "C" note for 5 Double Eagles. Also there were $500/ $1000/ $5000 and $10K notes in circulation.

 

Yeah, I recently acquired a 1922 US $20.00 Gold Certificate. I thought I would run down to the bank and trade it for a St Gaudens $20 gold coin…

Wannabe Gold

 

If you had one. That $100 bill's purchasing power was equivalent to US$2365 today.

That's a clear illustration of why putting cash under your mattress is a terrible idea, and why putting it into gold isn't necessarily the greatest idea. In an aggressive fund (10% annual yield compounded annually), your $100 after 94 years would be $780k, and you could buy six rolls of 25 double eagles, thirty times your original investment in gold.

Of course, there are time spans where aggressive funds suffer badly, and I can't imagine many people are looking to put money into a mutual fund and keep it there for 94 years. And besides, this is CoinTalk, not MutualFundTalk, so I'll shut up now.