I can't shoot my gold and silver, but I can fondle them. 
Will anyone regret not buying gold at $2,270 ?
- Thread starter bushmaster1313
- Start date
That's a good question. The same applies to stocks too. I tend to buy and hold, have only sold infrequently. That has worked out well with stocks.
OP
Gold hit about $3600 today.
I did not see that coming so soon.
Gold at $2270 would have been a good buy
I did not see that coming so soon.
Gold at $2270 would have been a good buy
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If you sold it promptly and put the profit in a CD.
Photog
Member
No, but when I was 10 years old I joined a coin collecting club at my school. I really wanted a St. Gaudens $20 gold piece. I tried everything I could, but $55 was a lot of money for a 10 year old. The sad thing, that $55 is worth about $530 in todays money.....the last one I looked at lately, was selling for a bit over $3200.........
JimW
Member
When I was ten years old if I had $55.00 I'd be waiting for the alarm clock to ring and wake me up for school. Obviously it would have been a dream…
Gold on paper is one thing. Gold in hand is another. They dont tell you where to sell 10,000 in gold at in a day. Then if you do your not going to get paid going price.
Doriangray6
Member
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I'd rather spend the money of firearms or reloading supplies.
AJ
US Veteran
Buying the gold at the spot bid is great for the selling company. Getting the seller company to buy it back at a decent price is another.
That huge price fluctuation is exactly why gold makes a much better place to keep a percentage of your cash than in any CD or Savings account.
AJ
US Veteran
The LGS had a couple of guys renting space to use for buying gold & silver at one time. They were paying less than 50% of spot at that time.
I had more than $55.00 at ten. I had been working a few years by then and sweeping and cleaning and helping restock a hardware store for 25 cents an hour and delivering papers by bicycle even through the winter I had a good little savings account.
Most Pre-1933 gold sold now is being sent straight to the refinery ...Vermillion Enterprises in Spring Hill Florida sent several thousand dollars in face 90% silver and 35 or so Pre 1933 double eagles and St. Gaudens to the melting pot last week.
What is the goal and how many ounces does one need?
The goal is to be able to measure your gold in pounds, not ounces!
I bought a few ounces 5 to 10 years ago around $1,500 or a touch higher. It hit $2,000 so I stopped buying any. I guess I'm glad I bought when I did.
FWIW JM Bullion is selling $20 Saint Gaudens for $3523 and buying at $3393. You don't have to go down to your local coin store and get robbed to buy and sell PMs in 2025.
FWIW JM Bullion is selling $20 Saint Gaudens for $3523 and buying at $3393. You don't have to go down to your local coin store and get robbed to buy and sell PMs in 2025.
Jerry in SC
Member
I wish I'd bought more shares of Apple. I'm up 1288% with splits.
Having an online Fidelity account is much easier on my floor joists.The goal is to be able to measure your gold in pounds, not ounces!
I can sell $10.000 worth of gold and have the money in my checking account in 2-3 days.
As a business, I have a working relationship with a refinery. If I deliver it in person, immediate payment. True I won't get full spot price,
As a business, I have a working relationship with a refinery. If I deliver it in person, immediate payment. True I won't get full spot price,
