Anyone Here Buying Gold Coins Right Now?

Discussion in 'Bullion Investing' started by fretboard, Oct 9, 2024.

  1. slackaction1

    slackaction1 Supporter! Supporter

    heard that before
     
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  3. rte

    rte Well-Known Member

    You know you make a good argument...I have some jewelry that I accumulated over the years that I don't look at.
    Probably not enough to get a few Bills paid but at this time it might be worth digging out.
     
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  4. rte

    rte Well-Known Member

    At this point I have better than half invested in hard assets.
    I did see something today that would explain a little.
    Interesting chart from JM bullion.
    Screenshot_20241022-080808~2.png
     
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  5. imrich

    imrich Supporter! Supporter

    BASED ON A RESPONSE TO A SELLER, I'VE ORDERED 70 GRADE CERTIFIED GOLD EAGLE COINS AT A LESSER PRICE THAN PAID A MONTH AGO.

    Time will tell!!

    https://www.ebay.com/itm/315596473212

    https://order.ebay.com/ord/show?ord...=STRK:MESO:VPS&_trksid=p4429486.m2548.l2673#/

    https://order.ebay.com/ord/show?ord...=STRK:MESO:VPS&_trksid=p4429486.m2548.l2673#/
     
    Last edited: Oct 23, 2024
    fretboard and slackaction1 like this.
  6. johnmilton

    johnmilton Well-Known Member

    There are some foolish people who wish for gold to go to $10,000 an ounce, but the smart people know that would be a disaster. You dollar would not be worth anything. Buying gold is defensive move.
     
    psuman08, Heavymetal, imrich and 4 others like this.
  7. slackaction1

    slackaction1 Supporter! Supporter

    John Hamilton HERE MY non educated or medicated view..............MAYBE 40 around Valentine's day then probably drop back down to the low-mid 30s. Rate fall again in November, and again in January will push it.
    But I don't think you will see a ratio of 90, and Gold will probably be over 3k by then. So at a ratio of 80 it might stick around at 3
     
  8. fretboard

    fretboard Defender of Old Coinage!

    I hear ya' but I also think that's a Twilight Zone episode, just sayin'! :) It could happen but I'm at the ending years of my life meaning I don't think it'll happen in my lifetime at all! :cigar:
     
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  9. fiddlehead

    fiddlehead Well-Known Member

    Except when gold is real low, like under $1500, I only buy pieces that fit my collections - type one double eagles or minted in 1840. The 1853/2 double eagle was reasonably priced considering it's rarity and gold content. The 1840 gold group took a while to gather, but I have at least one of each now. Haven't added to that in a long time. 1840 gold.jpg 1853-2 composite AU50 CAC.jpg
     
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  10. fretboard

    fretboard Defender of Old Coinage!

    Great looking collection there, I like that 1853, big fat $20! :D
     
  11. Bukowski

    Bukowski New Member

    Gold bullion, yes, at the right price. Gold coins, no. I buy the gold, not the coin. Melt value. I will not pay a premium for a gold coin that has little to no numismatic value, and believe me, most gold coins only have MELT VALUE.
     
  12. Bukowski

    Bukowski New Member

    Please rewrite your response using proper punctuation. I do not understand what you are trying to say.
     
  13. Bukowski

    Bukowski New Member

    Plan your life better. Make better investments. Don’t blame politicians, Biden, the Fed, the banks, etc. for the fact that you are not rich or a millionaire. Stack silver and gold as savings, not as an investment. Work harder. Cancel that Premium Cable TV subscription. Stop eating junk food. Exercise.
     
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  14. imrich

    imrich Supporter! Supporter

    Are you speaking from your life experiences?

    I ask as an insomniac zero credit rating Octogenarian, who has lived the life, more intense than the normal!

    The statements are easier than the actions, which generally I've met no peers!

    I suggest that voting properly, smart investing based on experience, simplified self-motivated work efforts, personal experience choice eating, having active pets to follow as exercise, a great partner, will allow intelligent cable education, and MUCH MORE!

    JMHO
     
  15. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Hhhmmm…. That judgmental tone sounds vaguely familiar….
     
    fretboard, Heavymetal, -jeffB and 5 others like this.
  16. imrich

    imrich Supporter! Supporter

    I try to purchase daily for my exchanging of Fiat for Gold program.

    I've purchased 4 certified virtually perfect Gold coins within the last 24 hours.

    Here are 2 just acquired from a singular seller:
    https://vod.ebay.com/vod/FetchOrderDetails?/ViewPaymentStatus&purchaseOrderId=06-1227-852049#/
     
  17. slackaction1

    slackaction1 Supporter! Supporter

    Bukowski I am not rewriting anything if you can't comprehend too bad and as far as punctuation not worried bout that either or spelling so move along...
     
    fretboard likes this.
  18. charley

    charley Well-Known Member


    Personally, I am going to follow your Wealth Plan!

    I think you and Suze are the Greatest.

    I'm going to make Millions! Millions, I tell ya!

    I sincerely Thank You.
     
    Randy Abercrombie likes this.
  19. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I've been bullish on gold for a few years now...my predictions were for $3,000 by 2030 and $5,000 by 2035. :cigar:

    We might hit the 2030 target much earlier, today's 3% drop notwithstanding.

    The supply trends for gold (ex-CB sales) are very poor, lots of headwinds. Demand (including CBs but not necessary for it to go higher) is a big tailwind.

    It's going lots higher. :D

    Remember when people would post about buying MS-65 Saints at $500 or so and we'd just say "WOW" like folks who could once buy gold at $35 or $50 or $100 an ounce in the 1970's ?

    Well....when an MS-65 Saint goes for close to $4,000 people will look back on recent prices with the same missed-out feeling. :D
     
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  20. fiddlehead

    fiddlehead Well-Known Member

    I can appreciate a bit of each, i.e., melt and numismatic value - but you have to know what you are buying in terms of scarcity and desirability among collectors. It can be fun and might be worthy of investment if you take it seriously, watch and learn a bit.
     
  21. GoldFinger1969

    GoldFinger1969 Well-Known Member

    What's the difference between gold bullion vs. gold coins, when the latter trade pretty much at the spot gold price give-or-take a miniscule premium ?

    If a gold coin has a 2-4% premium, that's too high for you ?
     
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