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26 August 2020, 12:08 PM | #1 |
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Anyone else itching to buy gold?
Gold prices are through the roof and our dollar is devaluing daily due to trillions being printed out. Not just to use gold as a safe haven but with the high value suddenly want to buy more gold jewelry (necklaces, bracelet, rings, etc)
Am i the only one trying to pickup the Mr. T starter-pack? |
26 August 2020, 12:48 PM | #2 |
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You will be paying too much. Jewelry Premiums are too high and the market will settle back down to when Gold has been trading over the last few years in short order.
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26 August 2020, 12:55 PM | #3 |
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I can’t predict gold futures or I’d be many billion ahead already. But I can tell you that buying jewelry is a losing prop.
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Does anyone really know what time it is? |
26 August 2020, 12:59 PM | #4 |
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Warren buffet just loaded the boat on GOLD (ticker symbol).
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26 August 2020, 01:40 PM | #5 |
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Buy biscuits or bars if you must for a physical hoard. Jewelry you lose big time. Flight to bullion will continue for a while imo.
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26 August 2020, 02:59 PM | #6 |
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Gold bars and bullions. Not jewelry. Maybe if you buy pre owned solid gold Rolex or the hard to get pm models at retail, they’ll maintain
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26 August 2020, 03:15 PM | #7 |
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It has been discussed on the internet, it is too late.
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26 August 2020, 09:34 PM | #8 |
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Buy silver bars as a hedge against inflation
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27 August 2020, 06:12 AM | #9 |
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Silver is high, but bigger upside than gold.
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27 August 2020, 06:16 AM | #10 |
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Only YOU.....
. . . . . . . . . . . and Mr. T. If you're serious, two or three good delivery 100 oz bars should do nicely. More if you like stacking.
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27 August 2020, 12:47 PM | #11 |
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This is how the tooth fairy rolls at our house.
8D41D580-8F29-4F99-86B3-B4D82EF7A8C0.jpeg |
27 August 2020, 12:52 PM | #12 | |
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Quote:
https://images.app.goo.gl/tCvG5RCKoZcR9MTJ8 Gotta make one of these once you get a few more lol |
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27 August 2020, 01:39 PM | #13 | |
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Quote:
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27 August 2020, 02:45 PM | #14 |
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Buy gold bars. Cheaper than coins. And definitely a lot cheaper than jewelry.
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27 August 2020, 04:39 PM | #15 |
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27 August 2020, 04:45 PM | #16 |
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The instability of the market makes it difficult to predict the best investment plan and the same goes with the gold...
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27 August 2020, 06:09 PM | #17 |
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I buy whichever metal is taking the biggest beating at the time, along with regular additions of lead and brass.
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28 August 2020, 03:33 AM | #18 |
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I have been buying bullion precious metals for decades.
Gold right now? No. Not at the current prices. Wait for it.
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28 August 2020, 04:04 AM | #19 |
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While I agree somewhat, I’d say it depends on your reason for owning precious metals. Yes, as an investment, you want to buy as low as low as possible. However, as a hedge, I feel it’s always worth it to maintain your BUYING POWER. If you e been buying for decades, then you’ve been benefiting from both scenarios.
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28 August 2020, 10:13 AM | #20 |
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Jewelry, definitely not I'd say. The mark up on jewelry based on the amount of gold is used compared to a bullion is at least 130-150% I believe. Unless you're buying the jewelries at a steep discount, you're better off buying gold and silver bullions
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28 August 2020, 09:34 PM | #21 |
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An 1807 DD bracelet sold on eBay yesterday for almost exactly the value of its gold only. That made me kind of sad, since it will probably get melted down and leaves one less bracelet for a classic DD watch lover to pair back together with an 1807.
Full 180x watches (watch + gold bracelet) will be harder and harder to come by over time. |
28 August 2020, 09:37 PM | #22 |
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Probably
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28 August 2020, 11:25 PM | #23 |
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[QUOTE=RobertoCleveland;10855090]An 1807 DD bracelet sold on eBay yesterday for almost exactly the value of its gold only. That made me kind of sad, since it will probably get melted down and leaves one less bracelet for a classic DD watch lover to pair back together with an 1807.
Full 180x watches (watch + gold bracelet) will be harder and harder to come by over time.[/QUOTE when gold spiked to 1800 before the same thing happened, loads of 4 digit DD's were melted down. I almost bought a 60's DD with b&P for 6k at the time. probably should've done it. lol |
17 October 2020, 08:55 AM | #24 |
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Bumping this thread...
bought fifty, .25oz, 24k gold Austrian Philharmonic coins today from JM Buillion in Dallas Tx...Wired funds yesterday and delivered today. Great on-line gold broker. Safety deposit box tomorrow |
17 October 2020, 09:20 AM | #25 |
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17 October 2020, 09:30 AM | #26 |
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Might be just me, but I feel the time to buy is not now.....
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17 October 2020, 09:37 AM | #27 |
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Ha, you are probably right for the short term, but had an unexpected windfall so wtf...I want something in the kitty for what may come in the near 3 week future. A hedge of sorts, but I am fine if I lose a bit on the back end, so be it
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17 October 2020, 11:21 AM | #28 |
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Just bought a 500g 999.9 chinese wonka bar at significantly below spot lol
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17 October 2020, 02:50 PM | #29 |
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17 October 2020, 02:57 PM | #30 |
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