Still time to buy gold imo. - Page 194 - Economics -- Two Plus Two Poker Forums

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Still time to buy gold imo.

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01-25-2012 , 04:02 PM

#4826

Fermion5

Carpal \'Tunnel

Join Date: Jun 2007 Posts: 8,381

Bernanke speaking live now. Gold up $39 on the day.

01-25-2012 , 08:52 PM

#4827

Bigdaddydvo

King of the Politics Forum

Join Date: Aug 2004 Posts: 21,304

Yeah sick move today.

01-26-2012 , 02:37 AM

#4828

Heya

old hand

Join Date: Jul 2010 Posts: 1,463

Quote:

Originally Posted by ilikeaces86_

Yes because $30 an ounce for silver is a nice round number so buying under that "must" be a great deal right? Makes complete logical sense to me.

*cough*

01-26-2012 , 12:54 PM

#4829

FourFins

grinder

Join Date: Jul 2011 Posts: 698

I base this on having no real knowledge of how things work, but I'm feeling $2000 gold by the end of winter.

01-26-2012 , 07:31 PM

#4830

wiper

still catching up

Join Date: Oct 2005 Posts: 42,897

Quote:

Originally Posted by FourFins

I base this on having no real knowledge of how things work, but I'm feeling $2000 gold by the end of winter.

other than having a couple piles of each, i'm with you, but i feel like silver has more upside going forward still.

but like i said, wtf do i know other than owning it?

01-26-2012 , 09:43 PM

#4831

razrback

adept

Join Date: Nov 2010 Posts: 1,138

so is there still time to buy gold iyo?

01-27-2012 , 04:16 PM

#4832

Fermion5

Carpal \'Tunnel

Join Date: Jun 2007 Posts: 8,381

Quote:

Originally Posted by razrback

so is there still time to buy gold iyo?

yes. Gold will peak when a major magazine's cover shows a golden bull tearing apart the New York Stock Exchange.

01-27-2012 , 04:43 PM

#4833

tzwien

Pooh-Bah

Join Date: Aug 2009 Posts: 5,267

So I'm looking to buy still. Haven't done really any research. Better to buy gold coins or gold bars? Any brand of coin/bar a wiser buy than another? Smarter to buy silver? Don't know what I'm doing with my life.

01-27-2012 , 08:05 PM

#4834

Bigdaddydvo

King of the Politics Forum

Join Date: Aug 2004 Posts: 21,304

Take a few days and sort through this thread. Lots of good info.

01-27-2012 , 08:06 PM

#4835

tzwien

Pooh-Bah

Join Date: Aug 2009 Posts: 5,267

****. Alright. Had to at least attempt the lazy way out.

01-29-2012 , 05:44 PM

#4836

Pot Odds RAC

Pooh-Bah

Join Date: Nov 2007 Posts: 4,390

I personally prefer St Gaudens and Lady Lib coins. They are still trading at a significant premium over spot. As far as Bars and non-legal tender coins they're pretty much all the same, just buy from a reputable dealer and you're fine.

01-31-2012 , 01:54 PM

#4837

Low Key

Carpal \'Tunnel

Join Date: Jan 2007 Posts: 33,327

Wouldn't a gold bar cost a ****load of money?

01-31-2012 , 02:02 PM

#4838

wiper

still catching up

Join Date: Oct 2005 Posts: 42,897

the big ones, yeah.

you can buy 'bars' that weigh as little as a gram on eBay, any online dealer or a coin shop for about $55...

now, it's as big as pinky nail, but it's a start. hell, I think I have a tad over an ounce of just 1-gram bars on the certificates.

then you can move up to 2.5 grams, 5-gram, 10-gram, etc.

01-31-2012 , 02:18 PM

#4839

bahbahmickey

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 15,278

Quote:

Originally Posted by tzwien

So I'm looking to buy still. Haven't done really any research. Better to buy gold coins or gold bars? Any brand of coin/bar a wiser buy than another? Smarter to buy silver? Don't know what I'm doing with my life.

Sounds like two good reasons to buy gold if I've heard any.

This isn't investing advice.

Quote:

Originally Posted by Bigdaddydvo

Take a few days and sort through this thread. Lots of good info.

Is this similar to getting live high stakes NLHE tourney coaching from a random $2/$4 limit omaha player?

01-31-2012 , 10:02 PM

#4840

wiper

still catching up

Join Date: Oct 2005 Posts: 42,897

what's everyone paying for 2012 SAE's??

or 2011 (since they *should* be going down) mint proof sets?

02-01-2012 , 10:44 AM

#4841

Pot Odds RAC

Pooh-Bah

Join Date: Nov 2007 Posts: 4,390

Quote:

Originally Posted by wiper

what's everyone paying for 2012 SAE's??

or 2011 (since they *should* be going down) mint proof sets?

I think speculating on "Proof" sets is silly. I'd pay spot.

02-02-2012 , 02:19 AM

#4842

Tornado69

old hand

Join Date: Dec 2005 Posts: 1,420

Quote:

Originally Posted by ilikeaces86_

Yes because $30 an ounce for silver is a nice round number so buying under that "must" be a great deal right? Makes complete logical sense to me.

No understanding how deeply fiat money is compromised by govt's all over the world being so deeply in debt is what makes logical sense. At these prices whether 30$ or 35$, BUY. I'm glad I have ...

02-02-2012 , 08:08 PM

#4843

Pride of Cucamonga

adept

Join Date: Dec 2008 Posts: 1,150

Quote:

Originally Posted by Pot Odds RAC

I think speculating on "Proof" sets is silly. I'd pay spot.

I agree re: not speculating on "proof" sets; however, assuming one doesn't have the connections to buy from private sellers & instead buys from reputable dealers, how realistic is it to expect to buy at spot? After all, the dealer needs to realize some % profit to keep the lights on, make payroll, and have some profit left over for him/herself.

The dealers I know always have product, and charge a flat $75 over spot for one ounce gold eagles & $3 over spot for one ounce silver eagles.

02-03-2012 , 03:42 PM

#4844

Pot Odds RAC

Pooh-Bah

Join Date: Nov 2007 Posts: 4,390

Quote:

Originally Posted by Pride of Cucamonga

Yes. You are correct. I misspoke/over simplified. By "spot" I really meant I wouldn't pay any premium for a proof. I'd just pay for a proof about what I'd pay by the oz of the metal.

Last edited by Pot Odds RAC; 02-03-2012 at 03:51 PM.

02-17-2012 , 11:58 PM

#4845

wiper

still catching up

Join Date: Oct 2005 Posts: 42,897

just got two 1/10th proof gae's for $350 today, just a touch over spot for proof coins j'yeah..

people stopped buying?

02-20-2012 , 02:31 PM

#4846

bahbahmickey

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 15,278

Quote:

Originally Posted by Fermion5

yes. Gold will peak when a major magazine's cover shows a golden bull tearing apart the New York Stock Exchange.

Yeah, typically the media are the first to know about any changes in market conditions. They then write an article about it and then the investing professionals who do the stuff for a living read it and then the market reacts. The saying "Those who can, write articles about it to a mostly uninformed audience; those who can't, do it for a living." fits pretty well here, IMO.

02-20-2012 , 09:03 PM

#4847

TimM

Carpal \'Tunnel

Join Date: Jan 2004 Posts: 9,767

Sarcasm of undetermined level detected.

02-22-2012 , 03:10 PM

#4848

soon2bepro

banned

Join Date: Jan 2006 Posts: 3,280

1776

02-22-2012 , 03:25 PM

#4849

krmont22

Carpal \'Tunnel

Join Date: Dec 2007 Posts: 8,078

Quote:

Originally Posted by soon2bepro

1776

awesome. I'm sure the 2 trillion pumped into the economy has nothing to do with the rise of the DOW or gold's value. Fortunately, one of these will hold purchasing power.

02-22-2012 , 06:52 PM

#4850

soon2bepro

banned

Join Date: Jan 2006 Posts: 3,280

Well during the peak of the great depression, the DOW was worth 1 ounce of gold. Same for the peak of the recession in 1981. Peter Schiff says by the end of this one, it'll be the same thing all over again, and I'm with him. Right now the DOW is worth 7.28 oz of gold, so I'd say get yours while it's still cheap.

Then again, if the world readopts gold as a monetary standard by the end of this recession, then the DOW will probably be worth 1/4th to 1/10th of an oz of gold.

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