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Gold/Silver prices ...

TwoDogsTwoDogs Member Posts: 2,011 ✭✭✭
edited May 2006 in General Discussion
Any older cats..stick some gold/silver coins aside over the past years ? Not asking for any numbers...just wondering if ya'll hung onto some that you picked up cheap...Looks like you'll do ok if you dump em.....or keep em.
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Comments

  • duckhunterduckhunter Member Posts: 7,687 ✭✭✭
    edited November -1
    Hold em or fold em????
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  • TwoDogsTwoDogs Member Posts: 2,011 ✭✭✭
    edited November -1
    HOLD..
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  • William81William81 Member Posts: 25,477 ✭✭✭✭
    edited November -1
    Still holding...with the belief the price will go much higher in the
    next year.
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  • lazeruslazerus Member Posts: 1,950 ✭✭✭✭✭
    edited November -1
    Look for prices to go above $1000.00 an oz. for gold.
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  • kyplumberkyplumber Member Posts: 11,111
    edited November -1
    I can only think of one thing WAY more precious than gold, ANY FIREARM THAT IS RELIABLE AND FUNCTIONAL!!!
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  • TwoDogsTwoDogs Member Posts: 2,011 ✭✭✭
    edited November -1
    Ky..
    Cost of said ammo. Cost of keeping firearm functional.??
    Wll take more that guns and bullets.
    You must have some $$$ in whatever acceptible form.
    Guns alone will not win.
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  • RevolutionJimRevolutionJim Member Posts: 594 ✭✭✭✭
    edited November -1
    I wouldn't sell a firearm to buy gold or silver, but cash is loseing value every day. Silver is about to go verticle is what I'm hearing.
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  • jaflowersjaflowers Member Posts: 698 ✭✭✭✭
    edited November -1
    metals in general have been going vertical since Jan 05. Look at the global picture, countries selling their dollars and beefing up their gold/silver stockpiles. The US dollar losing ground almost daily. The possibility of various wars. The US economy and the bailout of investors due to CEO corruption run rampent. Oil in Europe about to be sold in the Euro instead of the dollar, a first in world history. So many indicators. All are scary and all point to meatals increasing.[:)]
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  • p3skykingp3skyking Member Posts: 23,916 ✭✭✭
    edited November -1
    Back when Carbines were first coming back into the country, I had a fellow that wanted one in the worst way. Trouble was he was short on cash, but had a hoard of silver that his daddy had put aside.
    I sold him a carbine for $80 face of pre-64 US silver. Since then, wond got around that if you were using silver money, you only had to pay about a third of sticker price.

    It paid off pretty well. One fellow even brought in a five dollar gold piece. He got a nice used Marlin Model 60.

    Lots of folks are not really versed to deal in precious metals. I took some K Rands to a gunshow once since I was short of money. A fellow had a rifle I wanted and he had $400 on it. I offered him a K Rand and he turned it down saying he didn't know anything about them. At the time, gold was about $427 an ounce. I still bought the rifle, but he lost a good deal.
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  • RevolutionJimRevolutionJim Member Posts: 594 ✭✭✭✭
    edited November -1
    I didn't mean a dealer P3, a personal firearm you should keep. Some things are more important than gold. It's good you can do business in the metals, I hope my local grocer gets a taste for it.
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  • allen griggsallen griggs Member Posts: 35,692 ✭✭✭✭
    edited November -1
    Fifteen years ago I bought 5 Krugerrands, gold was about $325 an ounce.
    I bought a big stash of the old silver US coins, they went by weight, seems like it was 50 pounds. Cost about 5 grand.
    I planned to keep the precious metals for use in a disaster, but a few years back I ran into financial trouble and had to sell my stash.
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  • bpostbpost Member Posts: 32,669 ✭✭✭✭
    edited November -1
    I love to sell the silver coins and old paper money I have. The research to find true value is a nightmare IMO.

    But, if Iran gets froggy and some bombs get dropped or the Isrealies get pissed off and start bombing folks then the value of the base metal could skyrocket.
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  • bgjohnbgjohn Member Posts: 2,275 ✭✭✭✭✭
    edited November -1
    Platinum is $1179/oz today.[:)]
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  • sig232sig232 Member Posts: 8,018
    edited November -1
    Platinium is the place to put your money, in very short supply.
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  • jaflowersjaflowers Member Posts: 698 ✭✭✭✭
    edited November -1
    quote:Originally posted by sig232
    Platinium is the place to put your money, in very short supply.



    Don't for get Palladium, just as scarce and if platinum becomes too expensive palladium can be used as a substitute. That's what the auto industrsy does with catalytic converters.
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  • yoshmysteryoshmyster Member Posts: 22,053 ✭✭✭✭
    edited November -1
    quote:Originally posted by TwoDogs
    Any older cats..stick some gold/silver coins aside over the past years ? Not asking for any numbers...just wondering if ya'll hung onto some that you picked up cheap...Looks like you'll do ok if you dump em.....or keep em.


    Depending on how much you got and how much you paid for them. If you got gold when it was $300-ish and silver about 5 bucks then I'd dump half and sit on the other.
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  • Old hickoryOld hickory Member Posts: 1,368 ✭✭✭✭✭
    edited November -1
    Just remember : gold was over $800 an ounce 25 years ago. Now, where would you be if you bought at the top, held for 25 years(no interest coming in)????? It might go to $1000 an ounce but I'm smelling the top of the market.... buy with care.... Gold is a nice thing to have, but just like a fine Colt, you can't always get the price it may be worth when you need greenbacks.
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