It must be some kind of mistake!

Discussion in 'Bullion Investing' started by Yankee, Jul 15, 2009.

  1. Yankee

    Yankee Senior Member

    Gold at $941.00 in mid July! I thought the price of gold is supposed to drop big time this time of year. I wonder what the price will be in October (the gold season) Prices like this are scary!
     
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  3. CoinKeeper

    CoinKeeper Keeper of Coins

    I guess I bought some gold at the right time; a couple days ago at $920!
     
  4. Yankee

    Yankee Senior Member

    I got 10 more ounces at $909. I only hope I didnt mess up buying that! We will see I guess
     
  5. Blue Angel

    Blue Angel Senior Member

    You guys might be in the wrong "game".....You have to just close your eyes and have "strong hands". These are not short term investments. All indications are for precious metals to take off pretty soon.....how soon? It is all relative....old man here so I am in no hurry, my grandkids can decide if they want to sell some day after I am gone.:high5:

    Respectfully submitted, Blue Angel
     
  6. elaine 1970

    elaine 1970 material girl

    how much exactly you guys bought? i mean including dealer mark up and shipping charge?.
     
  7. Yankee

    Yankee Senior Member

  8. CoinKeeper

    CoinKeeper Keeper of Coins

    I bought 0.3588oz at 2% below spot from my dealer. And that is AFTER his mark up. I like my dealer :)
     
  9. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    What form of gold?
     
  10. Yankee

    Yankee Senior Member

    0.3588 how much in ounces is that?
     
  11. andrew289

    andrew289 Senior Analyst

    1/3 of an ounce.
     
  12. Yankee

    Yankee Senior Member

    Thanks! I have never been good with fractional math! That's why I buy only 1 ounce bars.
     
  13. CoinKeeper

    CoinKeeper Keeper of Coins

    I got a 1959 Mexican Ten Pesos and a 1919 British Half-Soveriegn. Both those coins carry a bit of a premium, and I got them for a steal at 2% below spot :)
     
  14. CoinKeeper

    CoinKeeper Keeper of Coins

    It's almost exactly 5/14 of an ounce :p
     
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