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

An idea that I have been toying with and I'm not sure if it is a good idea or not. I have some fractional gold pandas that I picked up years ago around spot. Some of them have done very well and are better dates now. An example is a 2002 1/10 panda that can go for close to $2500. My thinking is cashing coins like that in and turning it into gold bullion so basically turn the 1/10 into almost a 1/2. Is this a good thought or bad thought?

 

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There has to be a happy medium..LOL

 

I like it ! but not sure if you would get that from a coin shop, most are not giving premiums only the gold content i have several 1/10 Mexican pesos that are worth well above spot as there production numbers are only in the hundreds would have to go the way of the private sale to get maximum value.

 

Auctions are best bet for getting max. return. Also "numismatic" coins in high quality are great, they offer best investment potential, and "eye candy" for us collectors.

 

I concur. Last week, I had two friends ask me if I own any silver. These two guys have never before asked me about precious metals. About a month ago, I had another friend tell me he's moving 20% of his portfolio into gold. He's another one who never before in the 20+ years I've known him has mentioned precious metals to me. It actually reminded me a bit of the shoeshine boy tale from 1929.

 

Well, the good news is that gold's unlikely to go to zero, unlike any given stock or crypto.

I hope his nerves are steady enough to ride out a 20%-30% drop, though. Because those definitely happen. Sometimes even more. The surest way to pile up losses is to keep buying into whatever's hot, then selling after taking a loss, then piling into the next thing and repeating.