I'm kickin myself

[AudieMurphy]

Last fall I had 7 $5 gold pieces...and 1 Indian $5 and sold them over a period of 2 months.....NOW look!! if I remember correctly I got about $480 a piece....geez, you cant win

 

[greenwellg]

Long time ago I bought an ounce for $285 and sold it for that same price. Don't feel too bad .

 

[gwpercle]

You Win some ...

You Loose some ...

And some Get Rained Out !

Just hang in there and keep playing the game !

Gary

 

[StrawHat]

I bet you got more than you paid for them? You made a profit. Sure, you could have waited but there are no guarantees where the price would have gone. And inflation would have swallowed a chunk of the increase over the wait.

Kevin

 

[ladder13]

Me too…..Apple, Amazon, Nvidia, Monster Beverage, etc……

 

[65-2x2]

It is a game between fear and greed.

 

[bamashooter]

Last fall I had 7 $5 gold pieces...and 1 Indian $5 and sold them over a period of 2 months.....NOW look!! if I remember correctly I got about $480 a piece....geez, you cant win

Look at what? I only see what you sold them for.

 

[Rudi]

Buy and hold.

 

[THE PILGRIM]

Gold rhymes with Hold!

 

[Narragansett]

I have a gold necklace that I have been wearing every day for 35 years. I had it appraised last Xmas. It was 6850.00. Gold has gone up 20% since then. I am thinking of selling it. Paid 450 for it

 

[chief38]

Last fall I had 7 $5 gold pieces...and 1 Indian $5 and sold them over a period of 2 months.....NOW look!! if I remember correctly I got about $480 a piece....geez, you cant win

Think of knowing when to sell as the "musical chairs" game we played as kids. Anyone who is not in the inner circle and lacks first hand inside info is guessing when - just like the rest of us. If you made money - at least you are in the + column.

 

[22hipower]

You can win but trying to do it with gold is hard. Even when we win, and appear to win big, we likely could have done better. I bought Krugerrands back in 1990 at $390 each. They're now worth about $3654. So, a huge profit of $3264. Sounds great until we look at what the S&P has returned in the same timeframe. Since 1990 the average increase for the S&P is about 11%. That $390 invested in a Kruggerand would be worth $15,000 had it been invested in the S&P. Perhaps we should look at gold as comparable to an insurance policy but not so much as an investment.