Discussion in 'Bullion Investing' started by QuintupleSovereign, Nov 15, 2022.
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I’m afraid you are right. When I was a kid in the 1960s, the official government price, $35 an ounce, was too high for most of the decade. In the ‘70s it was $100+. When it hit $850, that was outrageous and fell considerably.
This time, it’s different. It’s too bad because I have been looking forward to buying the new, “Eagle head” reverse bullion coins at a reasonable price.
The thing is, gold will continue to go up and down in value (fight me) -- but the dollar isn't ever going to claw back much of the purchasing power it's lost over the last 60 years. Dollars are small enough now that I'm not sure a thousand of them will ever buy an ounce of gold again.
Thread title asks, "At what price will you start buying gold again?"
. . . I've stopped?.
out in the end
Like my late father in law said you I can never
have enough money or in this case GOLD
I've purchased 15 dcam/ucam/ms70 certified Gold coins this week from various sellers who I believed might adjust their offered price by 5% for a quick card sale.
Out of the many dealers I contacted, only 2 refused, and 1 came back with an offer for the amount I submitted to him, SOLD!
All of the coins were the lowest price listings in their category, and appreciably below the highest offering for the type.
My average cost was ~65% above melt, and believed a good investment!
I totally agree, with GOLD you just cant go wrong at any price
Guess I'll have to be a little quicker on the next one
GOLD i can see where price would be important especially if you buy in bulk
but be a long term investor where it’s
not going tone cashed in for 15-20 years
price bought and sold will average out
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