What's new

looks like I missed the boat

potsherd_creek

Full Member
🥇 Charter Member
Joined
Jan 12, 2021
Messages
244
Reaction score
453
Golden Thread
0
Location
Virginia
Primary Interest:
Prospecting
I have never bought gold (because of the price) and was looking at the recent prices. Just a few short years ago I could have bought a $10 Liberty for what the price of a $5 Liberty is selling at the current rate. The market will have to drop before I consider gold and the gut instinct is not seeing that right now.
So in two more years I will check prices again 🥴
 
I wouldn't count on it going down. Years ago I bought silver at $5. If I had known where it would be now, I'd have mortgaged the house and bought a truckload of it.
 
I can't remember how far back it was gold took a dramatic drop, but when it did many of the pawn shops were trying to unload the 14k jewelry for 12 bucks a gram. Today the spot value of one gram of 14k gold is a little over $62.00 a gram.
 
Many lament on the "should have, could have, would have" is often used to express past regret, potential abilities, or hypothetical situations that didn't happen. It's a way of reflecting on past events and what might have been.
 
I jumped in heavy in Dec ‘22. I started buying graded US gold coins to make a type set. 16 coins from 1834 to 1932. Completed the set by Aug of ‘23. My first coin was a 1908 MS-65 double eagle. I paid $2950 for it. That same coin is pushing $4K now. Looking back now, I should have bought higher grades and dates that were more scarce. I would have cleaned up even more. Hindsight is 20/20!
I’m not kicking though, very happy to get where I’m at.
IMG_9751.webp
 
I jumped in heavy in Dec ‘22. I started buying graded US gold coins to make a type set. 16 coins from 1834 to 1932. Completed the set by Aug of ‘23. My first coin was a 1908 MS-65 double eagle. I paid $2950 for it. That same coin is pushing $4K now. Looking back now, I should have bought higher grades and dates that were more scarce. I would have cleaned up even more. Hindsight is 20/20!
I’m not kicking though, very happy to get where I’m at.View attachment 2205953
I have always been a bullion guy. I know numismatic value is important to collectors, but if something should ever happen to the money supply, weight will be more important than collectability. Beautiful coin!
 
I have always been a bullion guy. I know numismatic value is important to collectors, but if something should ever happen to the money supply, weight will be more important than collectability. Beautiful coin!
You’re right. I started buying bullion coins in ‘81. It was krugerrands and maple leaves then. I have a few.😉 I always wanted old US gold so thought it was a good time to jump in. I went for a 16 coin type set. All PCGS and CAC. With gold on the rise, I’m way above water so far. I hope things hold!
 
I remember when it was $200 and ounce...I thought it was too high, I almost bought $100,000 at $300 an oz with 401k but my ex screamed and hollered I was endangering our retirement and didnt. :BangHead:
 
Tough break. I thank my lucky stars I had an unusual obsession with pirates as a kid so did nothing but work towards buying, finding, and collecting silver and gold to fill a personal treasure chest. My only regret is once having an opportunity of purchasing an 1866 $20 Peso of Emperor Maximilian, one of just 8,274 made in the waning days of his rule, a ledgendary coin, it was offered for sale for $3,000, roughly 50% higher than its intrinsic value at the time, I so wanted that coin but I told myself one day I may see it for cheaper. That coin is now worth over $3500 intrinsically and examples now sell for $7,000-$20,000 each. My chance is lost. But I did manage to buy the silver 1 Peso version back then for $50, a deal that's impossible to find now. Those coins can easily sell for hundreds now. But who knows what the future holds, these coins may be undervalued still compared to what they will cost in another 10-20 years. Gold and silver are hedges against inflation after all, and inflation is never going to stop.
 
I have a distant relative who bought quite a bit of gold for $35 an ounce :o This was shortly after President Gerald Ford made it legal to own gold again. To say he is doing well is an understatement
 
It honestly does not matter a bit about what you paid for an investment (gold,silver,stock,real estate or purebred cows) - the price only matters when you sell it and 'cash the check'. If you buy 100 oz of gold at 3550 USD today and sell it at some time at 4550 USD, you have still made $1000 bucks per oz., it just took a larger investment (risk) than it did going from $400 to $1400.
If it goes to 4000 in 2 years, you will have missed yet another boat.

1756571039330.webp
 
I remember when it was $200 and ounce...I thought it was too high, I almost bought $100,000 at $300 an oz with 401k but my ex screamed and hollered I was endangering our retirement and didnt. :BangHead:
Taking a risk vs one that can sit back and let it sit in a interest bearing account that basically doesn't even equal inflation.

I certainly do better taking risks vs the crumbs that the financial institutions give me.

I still kind of think about those big silver ingot bars in the showcase at Kellyco.(2008)
I did the math and unless I missed something I believed they were a buy.
But the Mrs said....🤣
 

Users who are viewing this thread

Latest Discussions

Back
Top Bottom