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. Mr. Flute

    Mr. Flute Well-Known Member

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  3. IrishLuck

    IrishLuck Well-Known Member

    Gold is good. Someday I’ll stop looking at the price per troy ounce and enjoy the beauty of a coin.
  4. imrich

    imrich Supporter! Supporter

    Fortunately for me, and others who are serious about retaining/advancing the value of their estate, I can find/acquire the coins.

    Unless the market generally makes a significant positive correction, buying Gold bullion is akin to buying "junk Silver".

    When I was young, before "super-computers" which can appreciably outperform humans, I made my money by selling select "blue-chips" SHORT, where my peers? believed I was crazy.

    My increased value was then converted to scarce U.S. Gold coins from through-out the world, that a certain ethnicity group would call to buy!

    The Principle still is viable!

    Tater likes this.
  5. imrich

    imrich Supporter! Supporter

  6. IrishLuck

    IrishLuck Well-Known Member

    I think leaving your kids or an organization money to spend is a worthwhile pursuit if it’s your thing. It’s not mine.

    I can’t comment on the Principle because I don’t understand how my comment is related to junk silver, super computers, selling short, or a certain ethnicity group.
  7. IrishLuck

    IrishLuck Well-Known Member

    That 1903 $5 NGC MS 61 LIBERTY GOLD COIN HALF EAGLE $749 is a good example of what I was saying about cost versus something to look at.
    If my math is right, that's 0.24187 troy ounces of gold (about $442 today) plus a sitting around being pretty and not producing income premium of $307.
  8. johnmilton

    johnmilton Well-Known Member

    I don't really want to buy any coins whose value is totally tied to their gold content. I have bought samples of them in the past because they were part of the United States series. I would like to buy the new bullion gold pieces with the new design on the reverse, but the price of gold bullion plus the premiums the mint charges makes that a prohibitive purchase for me.

    I am still buying numismatic gold. My most recent purchase was the 1839 $10 gold piece I posted yesterday.
    IrishLuck likes this.
  9. IrishLuck

    IrishLuck Well-Known Member

    I totally got it.
    I’ve never purchased anything but .9999 one ounce ingots (they call them bars nowadays) to diversify. I can see the bid/ask. I know exactly where I stand.
    At 60, with 500% (nominal) gains on some of it and things having worked out in life, it’s time for me to unwind some. And it’s easy to sell.
    I’ll land somewhere. It may well be lower grade $10 gold as I’m starting with an 1882-CC.
    But I’m really drawn to some of the 19th century European gold.
  10. Jim Dale

    Jim Dale Well-Known Member

    I've bought some gold coins that I like. There has to be a reason for me to spend a thousand dollars on anything lower than half ounce. I like the gold dime, quarter, and half, and I don't regret it. I bought the Jacqueline Kennedy gold because I like it and I thought that because she was JFK's wife, that it would be hot. My mistake, but I still like it. I keep looking at at the JFK half, but right now, I'm waffling. Oh, well! Any ideas about the gold JFK coin?
  11. imrich

    imrich Supporter! Supporter

    I realize that you don't understand the absurdity of your arguments when you compare the premium value coin I picked to the probably most often acquired comparable U.S. certified coin in Silver, generally the U.S. "Silver Dollar".

    Each "Silver Dollar" has ~>.715 silver content, having a base worth ~$17, or would require you purchasing ~26 silver dollars to have the same metal value.

    I have included a search of coins meeting the general, but not specific requirement, being that certified by either NGC or PCGS.

    Pick the ~8-9 appropriate coins from a current eBay offering that could be acquired for the purchase value of that 1903 Gold Coin:

    I gave you a secondary choice of the more economical Gold 1904, try that also, and mere common sense evaluation will allow a determination that you CAC acquire a more valued lot of U.S. Gold coin than Silver coin for your "return of investment".

    I trust your intellect will allow the proof of why many, myself included, are searching for the unavailable Gold commodity!

    Last edited: Dec 22, 2022
  12. slackaction1

    slackaction1 Supporter! Supporter

    I have no idea on Gold. I have been looking at 50 cent halves trying to fill up the rest of the holes and you can't hardly purchase any under 10.50 and up to 15.00 on condition. Morgan and Peace Dollars there getting whatever they ask usually or more. Low as 30 and from there it just keeps going to where you wanna stop. Every now and then a blind hog finds an acorn. looking at foreign gold now
  13. slackaction1

    slackaction1 Supporter! Supporter

    Let me ask this dumb question about gold before I purchase. My gold knowledge is at zero. The foreign gold looks cheaper but it's an ounce of gold worth the same as a U.S. ounce of gold? correct or no because ? MERRY CHRISTMAS EVE EVE 23RD
    Last edited: Dec 23, 2022
  14. johnmilton

    johnmilton Well-Known Member

    You are correct when you say that gold is gold, but many U.S. collectors are drawn to U.S. coins are willing to more for it. It’s illogical, but it’s premium they pay. As long as dealers pay more when collectors sell them, I suppose it’s okay.

    Here’s one tip. In a number of states, coins get breaks on sales taxes. Coins have a face value. That’s why American gold eagles have a value on them even though the gold content is far higher than that amount. Gold and silver bars are subject to sales taxes. Frequently you have to larger purchases of foreign coins to avoid the tax.

    For example, in Florida there is no sales tax on U.S. coins. When you buy foreign coins, you have buy $500 or more to avoid the sales tax.
    -jeffB and slackaction1 like this.
  15. slackaction1

    slackaction1 Supporter! Supporter

    Learning John Milton, thanks for info... will heed advice
  16. imrich

    imrich Supporter! Supporter

    Are precious metals weighed differently?

    "For example, a seller could claim that a precious metal weighs 100 ounces, but you would be losing around 10% of its value because it actually only weighs 90 troy ounces. It may seem like an unnecessarily complicated system, but there are good reasons that precious metals have their own unit of measure."

    You may have heard a coin’s weight being given in “troy ounces” or “avoirdupois ounces” and wondered, “what’s the difference?!”

    Word History
    (pronounced avwa-du-pwah)
    This word comes from the Old French “aveir de peis,” or “goods of weight.” For most any item other than precious metals, if someone lists a weight in ounces, it’s assumed that this is the measurement they mean. The most commonly held explanation for the origin of troy ounces comes not from ancient Greece, but instead from the city of Troyes, France sometime around the middle ages.

    Turns out, there IS something in a name. Troy ounces are generally used when weighing precious metals (like in America’s popular Silver Eagle series). Things like groceries or every day items are weighed in avoirdupois ounces. For example, anytime you step on a scale you’re being weighed based on the avoirdupois system. We’ve used avoirdupois ounces as our every day weight system for so long, COMMON THOUGHT is often that it's unnecessary to specify which type of ounce we’re measuring in.


    Yes, coins are sold legally under 2 different weight systems!

    Last edited: Dec 23, 2022
    slackaction1 likes this.
  17. slackaction1

    slackaction1 Supporter! Supporter

    Okay, I don't know but you got me clicking on it now. I think I'll just stick to U.S. Gold.... too much troy weights from the roman days, two system standards
  18. slackaction1

    slackaction1 Supporter! Supporter

    OKAY, now I get with your capitalized sentence.. and the ASE...
  19. -jeffB

    -jeffB Greshams LEO Supporter

    And DO NOT be taken in by offers for "Troy Pounds" of coins or PMs. A troy pound is TWELVE troy ounces, so it's LESS than a standard pound, which in turn is less than sixteen troy ounces. Sellers will ALWAYS try to use that confusion to their advantage.
    slackaction1 and imrich like this.
  20. slackaction1

    slackaction1 Supporter! Supporter

    Soaking it in..... Didn't realize a troy only has 12 compared to our 16. that's awesome to find out.. I am going to be as smart as you guyz someday... probably not...
  21. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    When it comes to GOLD, diversity is everything, liberties, Saints and moderns
    plus 1OZ GOLD Krugerrand’s a little of everything to keep the grand kids comfortable or a leg up, in 20 are so
    years :)
    Andy likes this.
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