Is it time to sell gold at $1340 per ounce?

Discussion in 'Bullion Investing' started by myownprivy, Feb 19, 2019.

  1. myownprivy

    myownprivy Well-Known Member

    Do you plan on selling? I might take this opportunity to sell some fractional gold and make a little profit.
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  3. Collecting Nut

    Collecting Nut Borderline Hoarder

    It's a long term hold. Now is not the time to sell.
  4. CoinBlazer

    CoinBlazer Numismatic Enthusiast

    If I had any gold, I would consider it. Since election season is kicking off, that's going start moving all the markets
  5. -jeffB

    -jeffB Greshams LEO Supporter

    You can't ever know when it will go up further or fall back. All you can know is how much you paid for what you have.

    You can lock in profit now; yay. But how will you feel if it goes up another $100? How will you feel if you hold on to it, and it falls back to $1200 or less?
    Stevearino likes this.
  6. Victor

    Victor Coin Collector

  7. Clawcoins

    Clawcoins Well-Known Member

    the other question .. what do you plan on doing with the cash?
    stuff it in a sock underneath your bed?
    invest it .. savings acct (which nowadays many get 2.2%) ... or pay down some debt which is accruing finance charges. Or just continue filling up the bathtub with 1s so you can swim in it?
  8. furryfrog02

    furryfrog02 Well-Known Member

    I'm not a germaphobe but that sounds disgusting
  9. -jeffB

    -jeffB Greshams LEO Supporter

    Savings is for parking money, not investing it. The market will do better if your time horizon is long enough -- say, if you're 16, and starting your retirement fund.

    This is a 100% guaranteed investment. Do this first, always, unless you can earn more than the debt interest (hint: you probably can't), or need the cash as a buffer.

    Now, that's just unsanitary. And health care is expensive!
    Stevearino and Randy Abercrombie like this.
  10. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Why sell? If your family is in need, then yes sell. If you are selling to gain a little profit, just remember one thing..... Cash in the pocket tends to disappear... Rapidly...
  11. Collecting Nut

    Collecting Nut Borderline Hoarder

    Scrooge McDuck does it but he uses gold coins. lol
  12. Clawcoins

    Clawcoins Well-Known Member

    Tater and Collecting Nut like this.
  13. EdThelorax

    EdThelorax Well-Known Member

  14. Collecting Nut

    Collecting Nut Borderline Hoarder

    LOL, that's him and that's great. That would make a great paperweight.
  15. Brian Calvert

    Brian Calvert Active Member

    Good luck and enjoy your profits from whatever was your buy price. For me, I am all in anything under $1500.00 and spending every extra penny i get on it, and the stocks supporting. This massive Credit bubble we are in has only one outcome, just a matter of how long it takes for the Sheeple to figure out that they have been bamboozled by the Central banks and the dollar become a mere shadow of itself.

    This can't go on forever, nor can the Wall Street Bankers continuing Shorting Paper Gold forever, at some point it will come crashing down. I do know that the Central Banks have been buying at a feverish pace, thus, they know what is coming too.

    We actually have our passports now and are looking for a place to go. There in lies my biggest dilemma, getting it out of the country, getting us out and where too.

    I can actually see 2008 all over again, only this time GOLD will be out in front, not lagging in price. Those waiting for it to fall below 1K are delusional. GOLD has past peak out of ground, so the miners say, it is getting ever more expensive to get out and those costs will rise with Inflation, hyper in a way. Barrick has already increased their Cost per ounce 70 -90 an ounce cost for 2019. I really think the best thing is too hold out for at least, the very least is the old high of $1850.00

    It wont be a big surprise if it reaches it really quickly. Base on our economy, which is borrowed, the FED is Trapped.
    goldcollector likes this.
  16. Comixbooks

    Comixbooks Active Member

    Maybe give the gold away to someone who can appreciate the stuff.
  17. ToughCOINS

    ToughCOINS Dealer Member Moderator

    I am only an advocate of selling gold when you know you can replace it for less than you sold it for.

    If the market is rising steadily, as it presently is, that is unlikely.

    If the market is volatile, or if in decline, it will be easier to replace what you sell at lower cost.
    fretboard, green18 and Deserttaxguy like this.
  18. kaparthy

    kaparthy Supporter! Supporter

    I don't know about you, but my personal experience is that I sell just before it goes up and I am never flush with cash to buy until after it has gone up.

    Just sayin'... long term... price averaging... keep that numismatic eye sharp because even so-called "bullion" gold sells better when it is something more than just another lump of common metal.
  19. myownprivy

    myownprivy Well-Known Member

    This may be the time to sell higher premium gold purchased. Not only will you recoup the premium, but you'll make a few bucks too.

    Will gold go up more in the future? Sure.
  20. Collecting Nut

    Collecting Nut Borderline Hoarder

    Gold is at a 10 month high. It continues to rise as does silver. Gold mining stocks are also on the rise. Now is the time to buy, not sell.
    Randy Abercrombie likes this.
  21. CoinBlazer

    CoinBlazer Numismatic Enthusiast

    That is quite bold, I wouldn't consider any country better off if the U.S gets into a depression. If we collapse, the world is coming down with us!
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