General gold coin collecting questions

Well, I'm not scared of losing 20% in the short run so long as I can feel confident gold will come back. I recently took a bath on the whole oil situation, I bought some oil tanker stock and it did just that, tank! I was betting on the Peak oil scenario, banking that China would continued to have an insatiable demand for oil. Well guess what, China pulled the rug out from under me, they just turned off their demand for oil over night, just like that! Oil dropped dramatically and I'm left holding the bag to the tune of 50%.

I've seen mention that China is buying a pretty good amount of gold. Make's me wonder if they are playing the market to hurt the U.S.

Anyhow, it's all about opportunity cost. If gold goes down a bit no biggie really, but would hate to miss a run by stocks during the same period because the market has been pretty well depressed.

I know no one can predict the price of gold, I get that. I'm trying to get a feel for what the real world gold demand is really like. Is it moving still plenty of demand at these levels, or is the price due to hoarding by those who accumulated, is there real demand?

Also, basics such as liquidating are of interest to me. Can I expect to get spot if I need to liquidate. Which coins should I pursue are there any I should avoid...

In the past I was into collecting silver and would go by book prices. I learned in the real world those inflated prices were not realistic and can't be depended on. I want to make sure I'm not putting my money into something that can end up a big flop.

Learning that in the recent past fractional gold didn't go for the same premium it does today was a good thing to learn. That people can get gold at near spot, less than 4% also was good thing to learn.

I'm considering buying some gold online, but from what some have posted here, it seems I should be able to get some near or at spot. I don't know where that can be found.

Mike

 

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I would just say that peak oil is one of the very best investment ideas right now. You just have to keep in mind that it's going to take years to play out, not one year. Who would have believed that the price of oil would be $70 during a major global recession? What will it be when the global economy recovers? Think about it. Tankers probably aren't a good way to play it.

 

China doesn't play the market to hurt the USA, that would not be in their best interests economically. As disturbing as it is to the Maoists in Beijing and the Capitalists in DC, the countries are so tied together now with trade that it hobbles especially the USA, but also China.

China is actively encouraging it's citizens to buy gold, of course China, as a gold producer makes it a win win situation, happy consumers, happy government with revenue.

Of course we all know that gold is power, and that is the bigger factor. It is not so much about hurting others as it is securing your own prospects in the future - much like an insurance policy.

That is how I pursue gold ownership, merely as an insurance policy and a hedge against disaster - not an investment.

 

I had the same thoughts, it just didn't pan out for me. Whether oil tanker's are a good way to play oil is OT.

I'd still like to get folks insight on my other questions. Ease of liquidation, real demand, what to buy ect...

Regards,

PG