Who else is buying gold?

Snapping Twig

Snapping Twig

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Recently thought it would be a good idea. Dollar cost averaging my way through a few bucks by buying gold coins for bullion as opposed to collector's value.

Got some Krugerrand and some spouse coins.

Tried to get some walking liberty coins today, but the smaller denominations were priced WAY higher than bullion. I'd like to get a bunch of smaller denominations, more useful if needed down the road. Not everything costs an ounce of gold, some things can be had for 1/10th or 1/4 oz. :)

That said, anyone else doing this?
 
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I like gold too, but not sure what that has to do with 1980 + revolvers? Maybe you should ask which ones will appreciate more than gold?
 
I bought gold Kruggerands in the late 70's for about $700/oz - with inflation I would break even today at about $3K/oz. But then I had a friend who bought silver at $2/oz back when the Hunt's were trying to corner the market - got out at the top (back then) around $30/oz - I'm not that smart or quick :D

I still buy some silver Eagles - just for fun.
 
Don't have any myself, but I have a neighbor who boasts that he has quite a bit in the house. He also told me he is thinking about buying a safe "someday". I told him he shouldn't tell anyone about his stash, but he doesn't seem to understand why.
 
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FWIW, thanks moderators for moving this to the correct section.

How this ended up in the old revolvers section is a mystery to me. I was certain I posted in this section, fact is I never go the the old revolver section. Computer oddities.

That said, I'm not buying gold for appreciation per se. I'm buying it to augment my nest egg. Fiat currency can fluctuate, but more importantly the stock market has been abysmal, at least for the average Joe like myself and I'm not convinced I'd like to be a landlord. I fix appliances, so I am in many varied homes and see first hand a good vs bad tenant. Frightens me.

Dollar costing into gold seems like another arrow in the quiver of an overall portfolio. Listen to me... portfolio - like I have one...

I have a daughter and I'd like to leave her something, so finding a few bucks in gold might be a nice thing down the road.

I have some silver from my Dad in the form of dollars. Might dabble there some more over time, a few bucks here and there.

Right now I'm concentrating on gold so any advice is appreciated.
 
reminds me of an old saying dont have all you eggs in on basket. I would buy a U.S. Gold 1 OZ Buffalo they are .999 gold just like the Canadian Maple Leaf and easier to sell. U.S. coins i believe you do not have to pay taxes on when sold. Having a few pieces of U.S silver eagles or rounds isnt a bad option either. I thinks its a good investment for the future for my kid or wife if anything happened to me and they received these who would know? this way its something that cant be taken from you or charged an inherited tax. stocks scare me its just paper with numbers on it you receive in the mail. Bullion is something you can hold in your hand just like a good S&W. There are lots of gold sights to read up on Kitco is one . just my 2 cents im nothin but an ole construction worker but i save all that old copper pipe left overs and lead sinkers i find when i go metal detecting.
 
I have bought silver bars figuring when the dollar crashes I will not have worthless paper for money. People say you can't eat gold or silver. Well go ahead and try eating your dollars then. I guarantee those $100 bills are no more filling than the $1bill is.
I don't buy coins because if the worst happens those coins will only be worth the silver in them not the collector coin value. You pay a higher premium for coins also.
I don't do gold because I am the poor working man that goes for the silver. I don't plan open selling any silver till I need the money.
Paper metals are IMO a joke. I want to hold my metals in my hand that way I know what I have. Fort Knox used to have a lot of gold but it seems someone stole it.
Also IMO paper metal day trading is what is killing the silver markets. If or when the collapse comes then I want my silver in my hands, not on some computer hard drive. The time IMO is now to buy silver being it is quite low now.
 
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[ame]https://www.youtube.com/watch?v=DOFAnpb8I3E[/ame]

:D

I'm interested but don't know much about it...
 
Buy Vanguard Total Stock Market Index Fund. It beats gold by a mile, pays dividends every quarter, has no carrying cost(you don't have to secure it), it is not nutty, has no commission and you will be way better off in the long run. No charge for the investment advice.
 
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Lee in Quartzsite said:
Don't have any myself, but I have a neighbor who boasts that he has quite a bit in the house. He also told me he is thinking about buying a safe "someday". I told him he shouldn't tell anyone about his stash, but he doesn't seem to understand why.
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Your neighbor is an idiot. If he HAS the gold he shouldn't want anyone to know - for obvious reasons. On the other hand, if he is just lying to try and impress someone he's still an idiot because all it takes is ONE person to believe him...the WRONG type of person, and now his life is in danger anyway.
 
NYlakesider said:
When ever I see a thread about buying gold I wonder what do the companies do with the money they take in selling gold.:) In plain English whats better than gold?

If gold is so darned good why do they sell it in the first place!:eek:
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Like any bookie they make their money on the vigorish
 
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I'm buying non collectable coins, bullion value only.

Seems like a good thing to do, something to pass on without undue governmental intrusion. Estates take forever, this could give my kid a few bucks in her pocket while everything else is taking the slow train to completion.

I remember my Dad's estate... horror show. Took 5 years to settle and between the vultures, govt, and things that crawled out of the woodwork, there was nothing left for my sister or myself. My Dad was very wealthy.

At any rate, I like the idea of a thing of value, collected over time and gold coins appear to suit that criteria.
 
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