97guns wrote:i had not bought any gold since last year and started looking for some cheap gold. ive been snapping up the $5 sets, after i subtracted the melt value of the silver off this lot i bought last week im getting the gold for $1405/oz or $338 per coin.
Lemon Thrower wrote:a couple of comments.
old gold - there is a newsletter writer Dr. Steve Sjuggerud who is a big fan of high-grade pre-33 gold. he says numismatic premiums are as low as they have ever been. I don't know if he's right about the value going up but you are in good company, Dr. Steve is a smart one.
foreign gold - i think this is an area that is very overlooked right now. it was minted by a government and has an established purity/weight. Many collectors are ignorant of this but dealers are not. I cringe when i think about the premiums i paid for 1/10 oz eagles when i could have been buying Sovereigns, Roosters, and half sovereigns and half roosters for much less and gotten more gold.
gold not an investment - this is a wise way to think. you need to think of your returns on investments in gold, not in dollars, because they are printing so many dollars that your return is a moving target. When other things seem expensive, that means its good to buy gold. there will come a time when other things - stocks, land, etc., looks cheap and that is when you sell your gold or what have you. this is the time to buy gold and silver, not to sell.
Return to Silver Bullion, Gold, & other Bullion Metals
Users browsing this forum: No registered users and 0 guests