Around here you can't get graded AGE or APE at anywhere near melt. I inquired about the platinum 1/2 ouncers recently and was quoted $950 each. This is the pice they have had on them since platinum was $1800/oz. I pointed out platinum has dropped from the highs and is now $1500ish. They were'nt interested in dropping the price. :hammer:
Perhaps those dealer(s) bought too high and are not willing to take a loss now that demand is returning, hoping the demand will reinflate the price so they can unload finally.
I think you hit the nail on the head. :hammer: :smile If you look at apmex they seem to keep a wide spread on buy/sell too. Probably for this exact reason. Platinum swings so drastically, so it's just a matter of time before it hits that number again.
I am not experienced in buying gold bars (yet). I do however, have a liking for hand poured bars. I have seen 2 or 3 from Indonesia that were real eye catchers. A few other Asian countries have also poured a few that make my heart go pitter-pat too. Your bar is quite nice. It reminds me of a miniture pillow. That is a good sign too - the pillow part. The symbolism might be "it helps you to sleep well at night." In regard to allocation and accummulation of gold, there is a PM guy on YouTube (sorry I forgot his name) that said something that made a lot of sense to me. In a nut shell, this is what he saidl: Go Buy some gold/ or silver. Take receipt of it/get your hands on it. Go to bed that night like you always do. The next day ask yourself the question "Is that enough?" If the answer is no, then buy some more. His approach works real good for me, and in my odd world actually makes a lot of sense. Personally, the price of gold today (low 1200's) is still attractive. Obviously, I am a longterm or forever type of holder of the little PM's I have purchased. Good luck on getting more. Your bar really is very nice - simply pretty! Congratulations!:hail:
Does it matter whether gold is a good investment now? I'm being deliberately provocative there, but consider that you're choosing between gold and other investments, or staying in cash. The question to ask isn't whether it's "good", but whether it's better than the alternatives. Industrial metals such as silver might theoretically go up if the economy recovers, in which case they could be better choices than gold.
Sunflower is speaking to an OP about a purchase made last year and posted about here on 8/18/2009 plus that members last post on CT was 8/20/2009...
I look at the platinum prices as being indicative of where the automotive economy is headed, it looks like there is a dearth of exuberance right now.
A U.S. treasury officer stops at a ranch in Texas and talks with an old rancher. He tells the rancher, "I need to inspect your ranch for illegally hiden gold." The rancher says, "Okay, but do not go in that field over there," as he points out the location. [FONT=Verdana, Helvetica, Arial]The Tresurary officer verbally explodes saying, " Mister, I have the authority of the U.S. Government with me." Reaching into his rear pants pocket, he removes his badge and proudly displays it to the rancher. "See this badge? This badge means I am allowed to go wherever I wish.... On any land. No questions asked or answers given. Have I made myself clear? Do you understand? " [/FONT] [FONT=Verdana, Helvetica, Arial]The rancher nods politely, and goes about his chores. [/FONT] [FONT=Verdana, Helvetica, Arial]A short time later, the old rancher hears loud screams and sees the Tresurary officer running for his life chased by the rancher's big Santa Gertrudis bull...... [/FONT] [FONT=Verdana, Helvetica, Arial]With every step the bull is gaining ground on the officer, and it seems likely that he'll get gored before he reaches safety. The officer is clearly terrified. The rancher throws down his tools, runs to the fence and yells at the top of his lungs..... [/FONT] [FONT=Verdana, Helvetica, Arial]" Your badge... Show him your BADGE ! "[/FONT]
Not sure what this has to do with gold, but I love it. Just sent it on to my wife, who is a judge and gets to hear from the government daily. :hammer::kewl:
A Seemingly Unrealistic Quote You really haven't provided sufficient details for a thorough evaluation, but based on the minimal facts provided, I believe that many on this site would pay you appreciably more than the amount you've stated, myself included. Unless you've purchased the stated items during the most recent PM advances, or you purchased from some stellar salespersons, at "retail" pricing, you should, or should've been able to recoup your investment during the recent price increase for PM commodities. I was selling Gold Proof 69 Eagles to a dealer for spot + $130. Your quote doesn't pass what I would call the "smell test". I believe we're missing some facts. If you're serious about an objective sale just place an ad with specifics in the Coin Talk section for sales, or advertise on eBay. There are numerous outlets for exceeding the amount you've stated as an offer. RICH
He's been trying to unload them for months... had them up in the OPEN section last year 9/18/09: PCGS graded platinum and gold eagle and here
Thanks For The "Details" I now understand the lack of sales. Anyone who believes they can start sales negotiations to an educated consumer, by stating the PCGS suggested retail value, generally isn't just interested in recouping their investment. They are probably going to retain their possessions for an extended period, probably until reality is realized.
