Deals, freebies, and other exclusive offers

Discussion in 'Bullion Investing' started by myownprivy, Feb 4, 2017.

  1. Tracy62

    Tracy62 Well-Known Member

    For me, buying at $5.99 over spot is a decent buy right now. I'm not in this to flip for profit immediately. I'm more in it for the long haul. I don't plan on selling any gold until after I retire ten years from now.

    In 2009, gold was about $950/oz, today it's over $1400. Do I think there's a chance that gold will be $1900-2000 in 2029? Yes, there is a chance. If that happens, $5.99 over spot today will be a great deal.

    I don't care about condition. This is bullion, not collectible coins. As long as it weighs an ounce is all that matters to me in regard to bullion. Premiums are for suckers! (just kidding!)
  2. Avatar

    Guest User Guest

    to hide this ad.
  3. -jeffB

    -jeffB Greshams LEO Supporter

    On the other hand, this same argument held in 2011, when gold blew through $1700/oz and kept rising. You could've flipped it a month later for $1800 or more -- but why sell, when gold was still rising so rapidly?

    I'm still holding at least one ounce that I bought at $1700. I might see it hit that level again this year, or it might be another decade, or more. And by that time, $1700 won't be worth nearly as much as it is today.

    That $1700 ounce is an MS70 burnished Eagle. It's a nice piece, and I got it slightly below melt. But if I'd put that money into Apple, it'd be over $6500 now, and I could get four such pieces. (Fortunately, I didn't sell the Apple I did hold to buy more gold...)
  4. Tracy62

    Tracy62 Well-Known Member

    Well, that $25 dip didn't last long...

    Glynn Spencer likes this.
  5. myownprivy

    myownprivy Well-Known Member

    Well, Trump made trade policy by tweet and the market went down and gold went up nearly $35. 10% tariffs on more Chinese good.
  6. juris klavins

    juris klavins Well-Known Member

    maxresdefault (8).jpg
  7. myownprivy

    myownprivy Well-Known Member

    I'll tell ya, it's tempting to think that way. You see a day like today where you "lose" x in the market but feel a little reassured when you "gain" y amount when gold goes up. But, the reality is that our holdings in the market should be many times greater than our holdings in pms, so it ultimately doesn't cushion the blow too much.

    Then again, I bet some bullionbugs hold far more than 10% of their assets in bullion.

  8. crazyd

    crazyd Active Member

    Hasn't gold done pretty well in last year ?

  9. bugi1976

    bugi1976 Member

    so why are nearly worthless 10 russian ruble coins posted at a picture related to gold???
  10. WRSiegel

    WRSiegel Freshman

    Any deals right now? I know Provident has $5.99 over spot silver pandas from 2015 and 2016 right now
  11. juris klavins

    juris klavins Well-Known Member

    Johndoe2000$ and WRSiegel like this.
  12. myownprivy

    myownprivy Well-Known Member

    Very unfortunate. Now with Jmbullion owning provident that is why $6 over spot for a silver Panda is considered "a deal." This is a very disappointing acquisition. JMbullion is my go to dealer for expensive gold, because their quality control is excellent and it makes me more comfortable spending that kind of money from a larger company. However, Provident was my go to dealer for silver bullion, where quality of an ounce of silver or junk silver was less important to me. Quality was often lower from Provident due to selling second hand silver. But now with JmBullion's acquisition of Provident, I fear this option of buying less expensive secondhand silver will disappear.
    juris klavins likes this.
  13. Glynn Spencer

    Glynn Spencer New Member

    I like Provident as well, they run some good deals. I'm concerned that'll end.

    But APMEX just had a pretty good "flash sale" on second-hand silver bullion ($.29/oz over spot). always has better day-to-day prices on 1oz rounds.
    juris klavins likes this.
  14. juris klavins

    juris klavins Well-Known Member

  15. Glynn Spencer

    Glynn Spencer New Member

  16. capthank

    capthank Well-Known Member

    Last night at Coin Club we each received a Freebie. New Idaho River of No return quarter
  17. juris klavins

    juris klavins Well-Known Member

  18. Glynn Spencer

    Glynn Spencer New Member

    Meh, didn’t pay sales tax nor shipping. All I was charged was the bid.

    Must be State specific?
    juris klavins likes this.
  19. juris klavins

    juris klavins Well-Known Member

    Last edited: Nov 13, 2019
  20. -jeffB

    -jeffB Greshams LEO Supporter

    Presales on eBay for raw coins are running mostly around $400, with some $500 or more. If I get one, $100 won't be enough to pry it out of my hands. :)
    masterswimmer, JCKTJK and Stevearino like this.
  21. masterswimmer

    masterswimmer Well-Known Member

    Agreed. The question is, when the initial hype dies down, which it certainly will, what will be the forward baseline for this coin? I've been burned by mint offerings for decades and I keep coming back for more abuse.
    midas1 likes this.
Draft saved Draft deleted

Share This Page