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Sold Gold Today
Posted:
Thu Feb 03, 2011 4:28 pmby beauanderos
Well, hated to part with them, but sold APMEX three 1915 Austrian 100 Corona's today, along with four Maples. Hope silver sells off next week when the check comes in so I can buy a bunch of rounds from Golden State Mint. Anyone else think silver is gonna outperform gold going forward?
Re: Sold Gold Today
Posted:
Thu Feb 03, 2011 4:59 pmby highroller4321
In my mind there isn't much of a question that silver will out perform gold. Industrial demand alone screams that! Jusy my 2 copper cents though.
Re: Sold Gold Today
Posted:
Thu Feb 03, 2011 5:03 pmby Country
Bought GOLD today here on RealCent.
I might have bought some from you at the APMEX GOLD spot-$10 buy price.
Both SILVER and GOLD looked strong today. Maybe the January-early February correction is over as they motor higher.
Re: Sold Gold Today
Posted:
Thu Feb 03, 2011 6:15 pmby Rodebaugh
Ray I think that was a fair move of money. Silver is the PM lane to be in right now. Just as HR said industrial demand is crazy. Average cell phone has about a 3rd of a gram....picked up that info somewhere along the line.
Re: Sold Gold Today
Posted:
Thu Feb 03, 2011 6:44 pmby beauanderos
Country wrote:Bought GOLD today here on RealCent.
I might have bought some from you at the APMEX GOLD spot-$10 buy price.
Both SILVER and GOLD looked strong today. Maybe the January-early February correction is over as they motor higher.
And, Bill, you got a great deal on those Krugerrands! I wanted a quick sale, APMEX gave me $1317 on the Corona's and $1372 on the Maple's, prices I thought seemed fair. I need to place 100 ounce minimum orders over at Golden State (thanks for the tip, Doc... they're cheaper than ProvidentMetals, you just have to meet the minimum) and I didn't have that kind of cash. This will cover 80 rounds each on Incuse, Standing Lib, Morgan, and St. Gauden's one ouncers if the price drops just the eensiest bit on silver by next week.
Re: Sold Gold Today
Posted:
Thu Feb 03, 2011 6:47 pmby beauanderos
Rodebaugh wrote:Ray I think that was a fair move of money. Silver is the PM lane to be in right now. Just as HR said industrial demand is crazy. Average cell phone has about a 3rd of a gram....picked up that info somewhere along the line.
I wonder if it would pay off long term to start stockpiling old dead cell phones? Offer ten cents apiece on Craigslist?
Re: Sold Gold Today
Posted:
Thu Feb 03, 2011 6:55 pmby natsb88
beauanderos wrote:Country wrote:Bought GOLD today here on RealCent.
I might have bought some from you at the APMEX GOLD spot-$10 buy price.
Both SILVER and GOLD looked strong today. Maybe the January-early February correction is over as they motor higher.
And, Bill, you got a great deal on those Krugerrands! I wanted a quick sale, APMEX gave me $1317 on the Corona's and $1372 on the Maple's, prices I thought seemed fair. I need to place 100 ounce minimum orders over at Golden State (thanks for the tip, Doc... they're cheaper than ProvidentMetals, you just have to meet the minimum) and I didn't have that kind of cash. This will cover 80 rounds each on Incuse, Standing Lib, Morgan, and St. Gauden's one ouncers if the price drops just the eensiest bit on silver by next week.
There was just a group buy for GSM fractional rounds on another forum I belong too. We ordered a combined 200 ounces of 1/10, 1/4, and 1/2 oz rounds. I like their products
Re: Sold Gold Today
Posted:
Thu Feb 03, 2011 7:58 pmby argent_pur
Despite my screen name, I actually own NO silver for the time being---DON'T SHOOT!!!!
I've sold off the last little bit of 90% I had to a RC member. I've been on a gold-buying spree for the last several months now and I'm sure I'll re-incorporate silver into the mix, but only as a small-ish portion of the total value of my gold---perhaps 10% or so. I guess I'm just becoming more convinced that gold should be the backbone of my PM holdings because gold is still money, even if only on an international basis from central banks to central banks. Silver RIGHT NOW is an industrial metal and because I want to focus more on safety than profit at this point, it makes sense to me to have more allocated to gold than to silver.
I'm looking forward to that 1 oz. Aussie Nugget, Ray
Re: Sold Gold Today
Posted:
Thu Feb 03, 2011 8:18 pmby Country
Interesting... I like GOLD, but I would not be comfortable without any SILVER (or COPPER). I think the best conservative approach, in case things don't go as envisioned, is to have a store of wealth in GOLD, SILVER (perhaps some Platinum/Palladium), and COPPER at all times. You never know how things will play out and there may be some interesting surprises along the way. I say stay diversified.
Copper Member still has 1 Krug and a Canadian Olympic Gold, both for sale at $1360 (spot+$8, a good price still!!).
Re: Sold Gold Today
Posted:
Thu Feb 03, 2011 8:43 pmby argent_pur
Country wrote:Interesting... I like GOLD, but I would not be comfortable without any SILVER (or COPPER). I think the best conservative approach, in case things don't go as envisioned, is to have a store of wealth in GOLD, SILVER (perhaps some Platinum/Palladium), and COPPER at all times. You never know how things will play out and there may be some interesting surprises along the way. I say stay diversified.
Copper Member still has 1 Krug and a Canadian Olympic Gold, both for sale at $1360 (spot+$8, a good price still!!).
I felt so ashamed admitting I had NO silver that I was compelled to buy some
I just bought a 10 oz. A-Mark bar out of sheer guilt---thanks alot, Bill
Re: Sold Gold Today
Posted:
Thu Feb 03, 2011 8:58 pmby Rodebaugh
beauanderos wrote:Country wrote:Bought GOLD today here on RealCent.
I might have bought some from you at the APMEX GOLD spot-$10 buy price.
Both SILVER and GOLD looked strong today. Maybe the January-early February correction is over as they motor higher.
And, Bill, you got a great deal on those Krugerrands! I wanted a quick sale, APMEX gave me $1317 on the Corona's and $1372 on the Maple's, prices I thought seemed fair. I need to place 100 ounce minimum orders over at Golden State (thanks for the tip, Doc... they're cheaper than ProvidentMetals, you just have to meet the minimum) and I didn't have that kind of cash. This will cover 80 rounds each on Incuse, Standing Lib, Morgan, and St. Gauden's one ouncers if the price drops just the eensiest bit on silver by next week.
Sure thing man.....just googled around a little and found their site. Let us know how the transaction works out with them. Those incuse indians are VERY COOL.
Re: Sold Gold Today
Posted:
Thu Feb 03, 2011 9:22 pmby beauanderos
argent_pur wrote:Despite my screen name, I actually own NO silver for the time being---DON'T SHOOT!!!!
I've sold off the last little bit of 90% I had to a RC member. I've been on a gold-buying spree for the last several months now and I'm sure I'll re-incorporate silver into the mix, but only as a small-ish portion of the total value of my gold---perhaps 10% or so. I guess I'm just becoming more convinced that gold should be the backbone of my PM holdings because gold is still money, even if only on an international basis from central banks to central banks. Silver RIGHT NOW is an industrial metal and because I want to focus more on safety than profit at this point, it makes sense to me to have more allocated to gold than to silver.
I'm looking forward to that 1 oz. Aussie Nugget, Ray
But...but...but, that 1997 Nugget is
SO beautiful. Can't I just keep it and say the post office lost it?
Re: Sold Gold Today
Posted:
Fri Feb 04, 2011 12:03 amby argent_pur
beauanderos wrote:argent_pur wrote:Despite my screen name, I actually own NO silver for the time being---DON'T SHOOT!!!!
I've sold off the last little bit of 90% I had to a RC member. I've been on a gold-buying spree for the last several months now and I'm sure I'll re-incorporate silver into the mix, but only as a small-ish portion of the total value of my gold---perhaps 10% or so. I guess I'm just becoming more convinced that gold should be the backbone of my PM holdings because gold is still money, even if only on an international basis from central banks to central banks. Silver RIGHT NOW is an industrial metal and because I want to focus more on safety than profit at this point, it makes sense to me to have more allocated to gold than to silver.
I'm looking forward to that 1 oz. Aussie Nugget, Ray
But...but...but, that 1997 Nugget is
SO beautiful. Can't I just keep it and say the post office lost it?
Yeah, you could...and then I'd get angry........you don't want to see me angry
Re: Sold Gold Today
Posted:
Fri Feb 04, 2011 12:53 amby Corsair
argent_pur wrote:beauanderos wrote:argent_pur wrote:Despite my screen name, I actually own NO silver for the time being---DON'T SHOOT!!!!
I've sold off the last little bit of 90% I had to a RC member. I've been on a gold-buying spree for the last several months now and I'm sure I'll re-incorporate silver into the mix, but only as a small-ish portion of the total value of my gold---perhaps 10% or so. I guess I'm just becoming more convinced that gold should be the backbone of my PM holdings because gold is still money, even if only on an international basis from central banks to central banks. Silver RIGHT NOW is an industrial metal and because I want to focus more on safety than profit at this point, it makes sense to me to have more allocated to gold than to silver.
I'm looking forward to that 1 oz. Aussie Nugget, Ray
But...but...but, that 1997 Nugget is
SO beautiful. Can't I just keep it and say the post office lost it?
Yeah, you could...and then I'd get angry........you don't want to see me angry
You won't like him when he's angry.
Re: Sold Gold Today
Posted:
Fri Feb 04, 2011 6:29 amby Lemon Thrower
intermediate term silver will outperform gold. longer term, gold will massively outperform. i'm talking about when the central banks re-monetize it.
Re: Sold Gold Today
Posted:
Fri Feb 04, 2011 9:20 amby knibloe
Lemon Thrower wrote:intermediate term silver will outperform gold. longer term, gold will massively outperform. i'm talking about when the central banks re-monetize it.
Remember that true diversification means not only having a mix of assets but having a mix of long term and short term investments as well.
Re: Sold Gold Today
Posted:
Fri Feb 04, 2011 9:21 amby Devil Soundwave
Lemon Thrower wrote:intermediate term silver will outperform gold. longer term, gold will massively outperform. i'm talking about when the central banks re-monetize it.
Now that, sir, is a bloody good point. Hadn't thought of that.
Best up my gold ratio methinks.
Re: Sold Gold Today
Posted:
Fri Feb 04, 2011 10:08 amby beauanderos
Even though 1099 looks like it may get repealed, one of the reasons I'm leaning towards silver is due to its affordability, therefore its ease of purchase and sales "under the radar." If the central banks remonitize gold and it hits numbers like I've heard of at $50,000 an ounce... how then does one dispense of it without everyone knowing your business? I think those are the kind of circumstances under which Max Keiser or Michael Maloney (you could include Jason Hommel here) envision their grandiose fantasies of $500... $600 an ounce (or more) silver.
Re: Sold Gold Today
Posted:
Fri Feb 04, 2011 4:33 pmby Lemon Thrower
Ray, i sympathize with you trying to sell your $50,000 krugerands on craigslist. I recommend that you meet in a public place and not take checks, lol.
on a serious note, if the gold remonetization theorists are correct then you won't need a lot of gold to come out ahead, although you will wish you had all gold and no silver. that's because they dont expect silver to ulimately remonetize, certainly not to the degree of gold. so someday in teh future gold could be 50-100,000 and silver 500.
Re: Sold Gold Today
Posted:
Sat Feb 05, 2011 7:07 amby beauanderos
Lemon Thrower wrote:Ray, i sympathize with you trying to sell your $50,000 krugerands on craigslist. I recommend that you meet in a public place and not take checks, lol.
on a serious note, if the gold remonetization theorists are correct then you won't need a lot of gold to come out ahead, although you will wish you had all gold and no silver. that's because they dont expect silver to ulimately remonetize, certainly not to the degree of gold. so someday in teh future gold could be 50-100,000 and silver 500.
You might be right... no one knows what may ultimately happen. That's why I won't be selling all my gold, just the one ouncers, keeping all the fractionals.
Re: Sold Gold Today
Posted:
Mon Feb 07, 2011 12:13 amby SteelCityCopper
Diversification is the name of the game ladies and gentlemen. Don't put all your eggs in one basket. Gold, silver, copper, etc then consider diversifying even further by metal type into ounces, fractionals, coin denominations, etc. My personal stash is built on this principle... Do what you think is best for you.
Re: Sold Gold Today
Posted:
Mon Feb 07, 2011 6:26 amby Lemon Thrower
if you have any further sales, please let us know. there are some of us who could give you at least as good a deal as ampex.
Re: Sold Gold Today
Posted:
Mon Feb 07, 2011 8:22 amby Country
Lemon Thrower wrote:if you have any further sales, please let us know. there are some of us who could give you at least as good a deal as ampex.
I think most of us would pay you more than the APMEX buy prices right here on RealCent.
Re: Sold Gold Today
Posted:
Mon Feb 07, 2011 9:08 amby beauanderos
Country wrote:Lemon Thrower wrote:if you have any further sales, please let us know. there are some of us who could give you at least as good a deal as ampex.
I think most of us would pay you more than the APMEX buy prices right here on RealCent.
The problem is timing. When gold spikes I need to sell immediately, and need the money right away to convert to silver. I don't think there would be many bidders at over $9000 just to save $20 a coin. Everyone here wants a bargain, and they are wary of buying into highs, would rather wait for pullbacks, just the opposite of what I need to do. APMEX actually isn't that bad, they split the premium with you on their buy/sell price.