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

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

  1. FryDaddyJr

    FryDaddyJr Junior Member

    Gold is best. most people can't afford it though
    fretboard likes this.
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  3. fretboard

    fretboard Defender of Old Coinage!

    That's why my first gold coin was a Dos Pesos gold! :D If there's a will, there's a way! It's really something to look at the comments just a little over a year ago!:cigar:
  4. Nathan401

    Nathan401 Quis custodiet ipsos custodes?

    Mine as well! That’s funny.
  5. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    CB... Please, get what you can enjoy. PM’s are fun to play with. And if you make a buck or two while you are playing, then that’s all the better. For heavens sakes do not get it if it brings you reason to stress and worry.
    CoinBlazer and Etcherman like this.
  6. Doc J

    Doc J Mr. Brightside

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

    I'd say no. :happy:
  7. Santinidollar

    Santinidollar Supporter! Supporter

    I’m buying at 1340. Not much though.:wacky:
  8. Brian Calvert

    Brian Calvert Active Member

    Your here, you were able to LOGIN, so obviously you have some smarts. You understand that people write things they wouldn't say... If you were a stranger and just said it because you were ease dropping on a conversation, I would tell you to mind your own f.... business.

    I have a neighbor, right next door, great guy, but he went on one day about how if the ROOFER ripped him off he would hunt him down and shoot him, "kill him if he stole the 35K" That is just BS....
    Just like if a group of coin guys were standing around and someone started talking BS, you wouldnt say, "hey, your a kook, then poke them in the chest and say, now, what are you gonna do about it ?" You might say, that sounds crazy, I dont bveileve it, but no one goes around acting as they do behind a keyboard, that is just a fact
  9. Doc J

    Doc J Mr. Brightside

    Yea, I agree:



    My last price was $1325.
  10. fretboard

    fretboard Defender of Old Coinage!

    Wow, coin porn, I love it! :D
  11. GoldFinger1969

    GoldFinger1969 Well-Known Member

    So glad I bought all my gold for the year (probably) at the FUN Convention. :D
  12. myownprivy

    myownprivy Well-Known Member

    It's not as simple as they can't afford it. It's more so that there are a bunch of working class, lower middle class people in blue collar jobs who buy silver because it's a simple "investment" in their eyes when trying to understand market investing is beyond them.

    There is absolutely nothing wrong with buying silver and gold as a back up to long term investments. It just saddens me when I know so many uneducated folks spend a few hundred on precious metals every month instead of putting them into an investment that actually yields something.
    FryDaddyJr and GoldFinger1969 like this.
  13. Doc J

    Doc J Mr. Brightside

    I am a collector. I have ~1% of my assets in PM. I do like it when the prices go up and don't care when they go down.

    I think a lot of people that buy gold and silver are saving money. They probably also have a 401K at work and maybe some sort of savings account. They like backing up their equity, CD's, and bonds with some gold and silver. Good for them.

    I remember reading recently that most (50%) of adults don't have an extra $600 in emergency funds. They didn't save nothing including silver. They'd rather spend $6 on coffee at Starbucks (instant gratification vs. long term savings).
  14. losthomer

    losthomer Active Member

    I'd rather croak with a smile on my face than with a pile of cash or coin for my heirs to squander.
    FryDaddyJr likes this.
  15. FryDaddyJr

    FryDaddyJr Junior Member

    I plan on selling the lot eventually and spending. it's mine
  16. Kentucky

    Kentucky Supporter! Supporter

    When I'm dead, I won't care what happens to whatever I leave...besides, I kind of like my heirs.
    Randy Abercrombie and -jeffB like this.
  17. Jeffjay

    Jeffjay Well-Known Member

    I don't invest in the markets because I believe one day it's all going to come Crashing Down. I have zero confidence in the stock market holding up too much longer.
  18. FryDaddyJr

    FryDaddyJr Junior Member

    said every kook for decades. you have to understand the rich will keep it propped up. otherwise they'll be just like us.
  19. Jeffjay

    Jeffjay Well-Known Member

    Kook? People have lost their life savings in the stock market don't you know. When they decide to hit the reset button the only people that will make any money are the rich.
  20. FryDaddyJr

    FryDaddyJr Junior Member

    no they haven't/ or are you squawking about 1929?
  21. Jeffjay

    Jeffjay Well-Known Member

    Wall Street is a casino. I won't play it.
    If you do, then by all means live it up.
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