Well, it reached way more than $3xxx.00, but what would I do with an ounce of three-thousand dollar gold? Or 50 ounces? I think my collection of lead is far more valuable and definitely more useful.
Will anyone regret not buying gold at $2,270 ?
- Thread starter bushmaster1313
- Start date
No, but Apple, Amazon, Netflix, Monster Beverage, and Nvidia, YES
When I was in school, gold was $32.00 an oz. I have no idea why I remember that.
When I was in grade school a candy bar was .25 + .02 tx. .27 cents out the door.
AJ
US Veteran
Same here! Back then my Grandfather would give us kids a silver dollar to buy sodas and candy bars with.
In my day a dollar would have bought enough candy to make the whole class sick. Some of the candy that I liked was two for a penny. A Hershey bar, four times the size of today's offerings were a nickel. The first Cokes I remember buying from a vending machine in my school took a nickel and a penny to despense a drink. You dropped the money into the two slots and pulled a big aluminum lever to dispense. There was a bar in my small town and they advertised cold beer $.05.
I regret buying gold at $1300 in 2018 and holding onto my Bitcoin which I bought in 2018 for under $10K each
Maybe. I did buy, at less than $2k per ounce. Now the question is, should I sell and reap a handsome profit, or hold and hope it goes up more in value? Doubling one's money is awful tempting, but on the other hand, a friend of mine bought when gold was $700 and sold when it hit $1400.
Actually, that was $35.00 an ounce.
There's more to the story if you're interested. See below.
I bought my first gold wedding ring for $15.00.
When was gold worth $35 an ounce? - Resto NYC
https://www.youtube.com/watch?v=GndldhZCljw
www.restonyc.com
© 2025 Resto NYC
AJ
US Veteran
I only ate Almond Joy's as a kid. Those were $0.10 in the mid 1950's. A 6,5 oz bottle of Coke was $0.05. There were five Grandkids at the time. Also he never asked for change. He owned a fruit packing house and had a Coke machine and a candy machine. He brought home a case of Coke every other day, I do not think anyone at his house ever drank anything but cokes. Unless it was Seagram's Seven.
I can't shoot my gold and silver, but I can fondle them. 
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,
