Poll: Now a time to buy or sell???

Discussion in 'Bullion Investing' started by whyb, Oct 23, 2018.

?

Is now a gold buying opportunity or selling opporunity?

  1. I'm BUYING in today's market

    26 vote(s)
    89.7%
  2. I'm SELLING in today's market

    3 vote(s)
    10.3%
  1. whyb

    whyb New Member

    I'm curious as to what members think of the market right now. Is now a buying opportunity or a selling opportunity? While I personally think it is a buying opportunity, I find myself in a less than perfect situation where my wife and I are looking to buy a new house and I need more cash on hand and am currently selling.
     
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  3. CoinBlazer

    CoinBlazer Well-Known Member

    Depends on what range, good time to sell today this week or this month? Define "good time to sell"
     
  4. whyb

    whyb New Member

    I mean this market price for Gold ($1200 - $1250) being the determining factor.
     
    CoinBlazer likes this.
  5. Jaelus

    Jaelus Hungarian Collector Supporter

    Oh it's clearly time to buy. I was in my LCS the other day, and they had been completely cleaned out of all gold. Many sellers with large gold are pulling back inventory at this price to wait for a correction, or are simply refusing to lower prices.
     
    LA_Geezer, imrich and whyb like this.
  6. Mr Roots

    Mr Roots Underneath The Bridge

    What about sitting on everything?...I’m not buying or selling.
     
  7. whyb

    whyb New Member

    Interesting. I have 15 coins that I was thinking about selling just because I need additional cash for the down payment. It should be easy to offload, I've already had offers on some.
     
  8. -jeffB

    -jeffB Greshams LEO Supporter

    Then it sounds like, for you, it's time to sell.

    Is gold likely to go up in the future? Yes, eventually. Down, too. Soon? Hard to say. Soon enough for you? Impossible to say.

    This is one of the problems with coins/PMs as an "investment" or "store of value". If you may need to cash out on someone else's schedule, you may need to cash out at a bad time.

    But I'd say that having a suitable house is a lot more useful than having some nice coins, and that would drive me toward selling the coins. You might end up kicking yourself for selling just before a big price increase, but at least you'll be able to do it indoors, where people won't point and laugh at you. :rolleyes:

    Welcome to CoinTalk!
     
  9. longarm

    longarm Just another Jewish Carpenter

    I'm buying, but sometimes you have to do what you have to do. Like back in '08, I had to sell a bunch to take advantage of a really sweet deal on a couple of lake lots. Turns out I made the right decision even though it cost me at the time. Good luck.
     
  10. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    everything seems to be rebounding as of late, Silver i think under $15 USD
    Your still looking OK.
     
  11. Santinidollar

    Santinidollar Supporter! Supporter

    How about sitting chilly? I don’t find that volatile overall markets are a great time to do much of anything.
     
  12. ed wood 654

    ed wood 654 Grader & Entrepreneur /Aviation Executive

    I'm always buying and selling. I am going to start a thread showing my buys and sells to show the forum for info purposes. What do you guys think?

    like this

    Date B/S Metal Quantity Price

    10/23 BUY GOLD 1 Kilo $1220
     
    Last edited: Oct 23, 2018
  13. Santinidollar

    Santinidollar Supporter! Supporter

    Spare us
     
    fretboard and CoinBlazer like this.
  14. -jeffB

    -jeffB Greshams LEO Supporter

    You've got a formatting problem there. B/S is showing up as a column header instead of the title.
     
  15. MikeinWyo

    MikeinWyo Member

    I should say, "would be buying" if I had the money to do so. I just don't see prices going all that much lower again than current levels from this point forward.
     
  16. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Since you are the head of a gallery, it probably will be considered advertising, so I would not recommend it unless you wish to ask Peter about paying for it.
    Jim
     
  17. imrich

    imrich Supporter! Supporter

    I believe that regardless of what you do, you'll find critics, so probably best you enjoy your dealings privately.

    I personally dollar cost average, and believe that it is a "buy" market if you can locate "value". I'm buying what I believe is a value purchase of CACed better date classic Gold U.S. coinage. I've been locating ~1 coin/week, with 2 coins to be shipped this week.

    I'm finding that regardless of stated market pricing, "value" is becoming more scarce.

    JMHO
     
    whyb likes this.
  18. whyb

    whyb New Member

    Thank you all for the comments and the feedback

    Thanks for the welcome! That's a really great point that I hadn't previously considered. I've always considered them to be a good investment but I didn't consider the fact that I might need more cash during a down time.

    Also, having a house, especially before winter is as of right now a top priority :coldfeet:
     
  19. medoraman

    medoraman Supporter! Supporter

    A house or other real life things always need to be taken care of first. Personally, I have buying some double eagles around MS63 or so cheaply over melt. I have about 2/3rds of a roll nowadays, (I assume a roll would be 20 coins, is that right?).

    Silver has more upside IMHO but I have simply run out of room for silver.
     
  20. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Selling is always a matter of personal economics. Fortunately I haven't been put in that position. So for me anyways.... It is buying time. And at the current spot market, I rather feel like I am stealing the stuff.
     
  21. myownprivy

    myownprivy Active Member

    I doubt you'll get a very good result from your poll, because most people who buy PMs do so to supplement traditional investments, and their plan is to keep those precious metals for an extended period of time. They are buying at the same pace regardless of how the market is doing in any particular year.

    Why are people unlikely to modify their purchasing:

    Precious metals carry a much larger cost to purchase than stocks or bonds, so there is a great incentive to hang on to them longer than you would paper investments that have lower premiums. Therefore, people are unlikely to buy and sell constantly, because it's too expensive to do so.

    It's also just a hunch, but I would imagine precious metals buyers are way more likely to experience the so-called "endowment effect" than are buyers of paper investment. This is the psychological flaw to attach more value to something you already own than the thing is actually worth. So gold and silver own is worth more to you than its actual value. Consequently, those who have given in to the endowment effect will be less likely to sell PMs.

    Having said all of that, my answer to your question is that it doesn't really matter what the PM market looks like, most PM buyers will not change their behavior. People who buy PMs do so for the long term. If they do that wisely, they will buy at almost the same rate no matter what the market looks like in any given short period of time. And they are unlikely to ever sell in the short term, because their PM acquisition is about slow and steady accumulation, not short term gain.
     
    coinsareus10 likes this.
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