Anyone Here Buying Gold Coins Right Now?

Buying Gold yes as a matter of fact
Not for me though unless I win this year again at the annual Christmas coin club meeting raffle.
I've bid on over 50+ gold 1/10 ounce gold eagles, getting out bid and I finally had to step up a couple bucks to get this one...my budget was $300.

 

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I try and rotate b between GOLD coins and GOLD bullion lately taking advantage
of Costco Pamp 1OZ bars, sheik while the iron is hot !

 

BARRON's quoted Felix Zulauf, longtime Roundtable Member and traditional Swiss gold lover.

He's bullish (naturally !!) but thinks we could correct down to $2,400 where he'd re-load.

 

I here allot of talk from reputable sources and places like Bank of America predicting
$3,000 an once in 2025, I guess if your a speculator wanting to make a quick buck
based on that number now would be a great time to buy, but since I am in it for the long hull 5-10 years minimum averaging out the highs and lows is just part of the game.

 

The metals market is so manipulated nothing surprises me anymore. the paper to pm ratios alone would make anyone call bs. I just keep stacking, Dust is settling from the change in power, and we’ll start to slowly move forward. Hopefully everyone took advantage of this opportunity, just my opinion though Wait until PM are tokenized on block chain.

 

Your so right ! I was an A/C tech for over 30 years and started off installing use
to have buckets and rolls of copper ready for the scrap yard one day it was worth
$100 a pound next day only 35 cents heard that Chinese had dumped 100,s of millions of pounds on the market driving the price way down, now if thats not manipulation I dont know what is..LOL

 

I just bought an 1873 double eagle (NGC AU58) for right around spot. Alas, that didn't include the 20% buyers premium :-(.

 

I was just thinking about that, since liberties and saints are close to an once of GOLD and your not paying the buyers are selling premiums which can be tough
to over come in the short term.

 

That's not the Chinese, that's your local seller. Copper never moved more than 30% in 1 day, not 99%.

 

Heritage ?

If you like the coin, who cares ? How long would it have taken you to find that particular one...driving...hours.....maybe staying overnight or at a coin show ?

You did a good job. We forget how EASY it is to buy a coin compared to 30-40 years ago. I used to drive 3 hours from NY to PA and find crap and then drive home.

Congratulations on your coin, and post some pics in the Double Eagle or Liberty Head threads.

 

3.25%

 

It was actually when I went in again, which was about three weeks later
sorry if I didn't make that more clear

As far as setting prices they go by what the market is doing so easy to check if there ripping me off actually I always looked in the newspaper before heading down and they were always fair with me and yes it was the Chinese that manipulated the market

 

It was the Japanese and "Mr. Copper" who did affect the market, I don't know about "manipulate."

But unless you have PROOF that a market was moved in a direction opposite to the underlying supply and demand forces, it sounds like sour grapes you are reading telling you the market was "manipulated."

Most people would rather say they got screwed by others than admit to their own stupidity.

 

your definition of
"manipulate."& stupidity"

is different than mine

 

Ayup. Since I knew and understood the terms, I suppose it would be churlish of me to refer to it as "The Crime of 1873."

Thanks. I'm fine with my purchase, and posted Heritage's pics here:
https://www.cointalk.com/threads/lets-see-your-newest-acquisitions.158772/page-1537#post-25922189