At what price will you start buying gold again?

Discussion in 'Bullion Investing' started by QuintupleSovereign, Nov 15, 2022.


At what price per oz will you start buying gold?

  1. $1800

    1 vote(s)
  2. $1700

    1 vote(s)
  3. $1600

    4 vote(s)
  4. $1500

    4 vote(s)
  5. $1400

    2 vote(s)
  6. $1300

    5 vote(s)
  7. I'll buy at any price.

    9 vote(s)
  8. I won't be buying at any price.

    5 vote(s)
  9. Other

    5 vote(s)
  1. QuintupleSovereign

    QuintupleSovereign Well-Known Member

    I've been debating whether to get back in for a while now; hard to know where the dust is going to settle, especially with higher interest rates in the short to medium term. Thoughts?
    SensibleSal66 likes this.
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  3. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    It wasn't long ago that I thought $1900.00 was going to be the settle spot... I thought the same thing about silver ten years ago when it stayed at $30.00 for an extended period.... I been buying this stuff since the 1990's and I really just don't know what to think these days. I am pretty well set with gold and I don't think I have bought any since we went past around $1400.00 and I suppose that is probably about my landing zone.
  4. slackaction1

    slackaction1 Supporter! Supporter

    NOT even at spot you wouldn't pull the trigger now. You're going to wait for the drop. understand!
  5. Clawcoins

    Clawcoins Damaging Coins Daily

    the problem is how itching is your "buy" finger ....

    I'd like to wait, but I was going to buy when gold bottomed out the other week. but didn't, now I wish I did. Not "gold" for hoarding but a coin that i've wanted for a while.
  6. -jeffB

    -jeffB Greshams LEO Supporter

    I know it'll eventually reach higher, if only due to inflation. But in the short term, I don't know what it'll do first: rise a lot, or fall a lot.

    If it suddenly swoons to $1300 or lower, I'll be somewhat more likely to buy -- but at that point, I wouldn't be surprised by further drops. By the same token, if it goes up well above $2000, I'll be somewhat more likely to sell, but more likely still to hold on and see how high it goes.

    If it suddenly doubles or halves, I'll probably be worried about the disaster causing the movement, and won't want to make rash decisions in either direction.

    I feel a little regret that I didn't buy more when it was lower, and that I didn't sell more when it was higher. But only a little, because I know I can't make decisions based on hindsight.
    Evan Saltis likes this.
  7. medoraman

    medoraman Supporter! Supporter

    I am similar to you @-jeffB . The market would have to lower some market price AND premiums come down. Premiums are worst than market levels right now. I just pick around edges and buy if I feel I like the coin and find the premium reasonable. Only if premiums come down and I am comfortable with the market would I intentionally move more money into it. I am spending my money on collectible coins right now.
  8. medoraman

    medoraman Supporter! Supporter

    Higher rates SHOULD be driving pm down. Any asset with no returns should be discounted with higher bond returns. Now, pm is emotionally driven, so that little economics factoid gets wiped out pretty quickly by emotions, so not always will be true, just true absent anything else going on.
  9. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    That is exactly what I thought too..... There are just so many economic variables at play right now, there is just no possible way to put any logic to PM's right now.
    slackaction1 likes this.
  10. -jeffB

    -jeffB Greshams LEO Supporter

    I do have one rule that still might trigger activity -- buy if there's a bargain.

    If I see something at a price where I know I could take it to a local show and sell at a profit RIGHT NOW, I might buy. That doesn't guarantee that I will sell it and take that profit, and it doesn't guarantee that the price won't plunge before I can sell it -- but it sometimes gets me to buy.

    I guess it would be the same if I saw an opportunity to sell at a high enough price that I could replace for less, but as far as I can remember that's never yet happened.

    Edit: well, there was that one show in 2011 where one dealer was selling silver at 25x FV and another was buying at 26x. I did do a little arbitrage that afternoon. :rolleyes:
    Last edited: Nov 15, 2022
  11. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I buy GOLD regardless of price, I am for
    the very long term, so waiting for it to
    go down substantially doesn’t make since
    so picking up 3-4 OZ.s per month works
    for me, if I am lucky to get a deal that’s
    great :)
  12. slackaction1

    slackaction1 Supporter! Supporter

    CENTS, SENSE, OR SINCE you never post any
    GoOoldmember likes this.
  13. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    The only CENTS I have is in a glass bottle
    I have at home, haven’t used any type
    of money DOLARS or CENTS I forget what it looks like :)
  14. rte

    rte Well-Known Member

    I've been trying to pick up a 1/10 AGE for a coin club raffle prize.
    Wasn't too concerned with the year just wanted a highly graded plastic holder.:D in around $210/$220...which was way over spot at the beginning of the month and not what I would normally look at.
    I've bid on 40 of them all the way up to $240 and been shot down so far:wideyed:

    Still looking but have gravitated to MS70 and 2021/2022
    For that money might as well spring for a type 2.
    mpcusa likes this.
  15. Santinidollar

    Santinidollar Supporter! Supporter

    It hasn’t been so much the price as the premium.
    GoOoldmember likes this.
  16. rte

    rte Well-Known Member

    When you roll in the premium it becomes the bottom line price.
    Spot+ is just another Math Equation.
  17. GoldFinger1969

    GoldFinger1969 Well-Known Member

    You answered your own question: "hard to know...." :D

    I think just buying periodically and buying more at lower prices makes sense.

    As far as the low in gold: hard to see it falling below the cash cost of production, which is now about $1,250/oz. Total costs are probably HIGHER, but the marginal sellers are institutions like SWFs and CBs.

    The important thing for someone buying gold is to just make sure it's money you don't need. FWIW.....I don't know where the next $200 is in gold's next move up or down....but I am pretty sure the next $500 and $1,000 is UP. :D
    Last edited: Nov 19, 2022
  18. Santinidollar

    Santinidollar Supporter! Supporter

    True. But there’s a big difference between a $30 premium which I got when gold was $1200 to $1300 as compared to today’s $200 premium, which is not unusual.
    rte, masterswimmer and GoldFinger1969 like this.
  19. GoldFinger1969

    GoldFinger1969 Well-Known Member

    You mean it's not unusual for the last few IS unusual historically.

    Premiums are listed weekly in BARRON'S (or anywhere online)....and should be no more than 4-7%. Probably lower pre-2020. Even 7% is only about $120 and most LCS are lower, IMO.

    I have to think that these premiums are all a result of new buyers during Covid-19 who were enough of a force to justify gouging (premiums) but NOT enough buying power to move the prices for silver and gold UP.

    Premiums should NOT persist for years. They DIDN'T when silver peaked at $45/oz. and then fell for years. This could be dealers trying to tack on premiums because:
    • They can
    • They think the underlying metal is going up in price
    • Pandemic $$$ given by governments and lots of discretionary income by stay-at-homers
    • Lots of new buyers of coins and metals
    • Easy money made in stocks, tech stocks, BitCoin, and Crypto (not as much lately :D) flowing into collectibles including PMs and coins.
    • Supply disruptions (hard to believe compared to 2020).
  20. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    But there is no guarantee when your ready to buy that GOLD is going to be down,
    it can just as well be up, in the past I have missed out on some items because
    I chose to wait, so when I see something I like usually pull the trigger quickly.
    fretboard likes this.
  21. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Of course....but since prices RISE more often than they FALL...and since prices are unlimited to the upside but cannot fall below zero.....the risks are skewed to missing out rather than buying too early.
    mpcusa likes this.
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