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- - Help me decide (http://goldismoney.info/forums/showthread.php?t=407819)

rodzm | 09-15-2009 04:09 PM
Help me decide Well, I sold some silver and I am looking into getting some gold so with $1500 should I get a graded St. Gaudens or, a GAE and some extra gold with the remainder. I figured if i get a GAE that will be almost $1,100 and the $400 I can use towards something else but I have always wanted a St Gaudens even if it is a common date. So what say you

Kregener | 09-15-2009 04:15 PM
Re: Help me decide I can only help by telling you I believe you have this process BASS ACKWARDS. Sorry.

rodzm | 09-15-2009 04:20 PM
Re: Help me decide Quote:
Originally Posted by Kregener (Post 1922521) I can only help by telling you I believe you have this process BASS ACKWARDS. Sorry.
Ok how so...it is either more gold (which would be the obvious choice) or a piece of history which is known to appreciate as well. Please elaborate how i got this backwards. If you are not going to offer a good opinion on this then please move on. You are not helping one bit. If you didnt read correctly there is no choice "C"

oldmansmith | 09-15-2009 04:21 PM
Re: Help me decide Can you get a Saint a lot cheaper ungraded? If so, get that. Sometimes you can get some good deals...If not, and if you want one graded, BUY it. No remorse.

Kregener | 09-15-2009 04:23 PM
Re: Help me decide I would consider selling some gold to buy a bunch of silver before I would sell off a bunch of silver so I could buy one piece of gold. Hope this clears it up for you.

rodzm | 09-15-2009 04:27 PM
Re: Help me decide Quote:
Originally Posted by oldmansmith (Post 1922536) Can you get a Saint a lot cheaper ungraded? If so, get that. Sometimes you can get some good deals...If not, and if you want one graded, BUY it. No remorse.
Thanks for the advice...Im not too knwoledgeable as to the potential of Saints as opposed to straight bullion. Ive found a couple of places like APMEX where one can get Saints in AU or better condition for about $1400. Im just looking more for long term so Im wondering if Saints are the way to go as opposed to getting that extra 1/4 oz

Gordon Gekko | 09-15-2009 04:28 PM
Re: Help me decide http://coins.ha.com Great website. I recently purchased an 1898 S Liberty Head Double Eagle from there. It's a beautiful coin and I got it at a fair price. They always have 400+ Double Eagles on that site for sale. Check it out.

rodzm | 09-15-2009 04:30 PM
Re: Help me decide Quote:
Originally Posted by Kregener (Post 1922540) I would consider selling some gold to buy a bunch of silver before I would sell off a bunch of silver so I could buy one piece of gold. Hope this clears it up for you.
Hmmm....I guess you dont play the ratio. The whole purpose of buying gold now is so that when the ratio goes higher you can do a swap. 59 to 1 right now and if it goes back up to 70 or 80 guess what I just netted an extra 10-20 oz. Most folks here would tell you to buy gold as the ratio drops, not the other way aaround. But to each its own

rodzm | 09-15-2009 04:32 PM
Re: Help me decide Quote:
Originally Posted by Gordon Gekko (Post 1922554) http://coins.ha.com Great website. I recently purchased an 1898 S Liberty Head Double Eagle from there. It's a beautiful coin and I got it at a fair price. They always have 400+ Double Eagles on that site for sale. Check it out.
Thanks GG...how could i possibly overlook Heritage

oldmansmith | 09-15-2009 04:42 PM
Re: Help me decide Quote:
Originally Posted by rodzm (Post 1922549) Thanks for the advice...Im not too knwoledgeable as to the potential of Saints as opposed to straight bullion. Ive found a couple of places like APMEX where one can get Saints in AU or better condition for about $1400. Im just looking more for long term so Im wondering if Saints are the way to go as opposed to getting that extra 1/4 oz
I'm not all that knowledgeable either. I was lucky and bought numismatic stuff when there wasn't as much of a premium as now. If you are not in it really long term, go with the extra 1/4 oz. If you don't care, get what you want. I love the pre-33 stuff and it will be the last things that I sell, if ever.

Kregener | 09-15-2009 04:51 PM
Re: Help me decide Quote:
Originally Posted by rodzm (Post 1922563) Hmmm....I guess you dont play the ratio. The whole purpose of buying gold now is so that when the ratio goes higher you can do a swap. 59 to 1 right now and if it goes back up to 70 or 80 guess what I just netted an extra 10-20 oz. Most folks here would tell you to buy gold as the ratio drops, not the other way aaround. But to each its own
You are 100% correct...I do not 'play the swap'...I own both to weather the coming tsunami. Smaller denomination silver coins will be much more usefeul than large gold ones. Imagine wanting to buy a loaf of bread or a pair of boots with a $1,000 bill, and the merchant having no way to 'make change'...if you will. Silver dime (bread) silver dollar (boots). Done.

rodzm | 09-15-2009 05:01 PM
Re: Help me decide Quote:
Originally Posted by Kregener (Post 1922602) You are 100% correct...I do not 'play the swap'...I own both to weather the coming tsunami. Smaller denomination silver coins will be much more usefeul than large gold ones. Imagine wanting to buy a loaf of bread or a pair of boots with a $1,000 bill, and the merchant having no way to 'make change'...if you will. Silver dime (bread) silver dollar (boots). Done.
I own both too but with the ratio dropping I am swapping SOME silver for gold but yet maintaining an nice core on both. balance is the key and i would never do a 100% swap of silver for gold

HistoryStudent | 09-15-2009 07:32 PM
Re: Help me decide Always GET what you ALWAYS wanted first - that way you'll think TWICE before trade/sell/dumping it! :23_30_104::23_30_104:

AGRO | 09-15-2009 07:36 PM
Re: Help me decide I would go with the Saint. Try to find a nice one, then have it graded yourself. if it is a grader, the price will not fluctuate too much if spot falls.

HistoryStudent | 09-15-2009 07:43 PM
Re: Help me decide Quote:
Originally Posted by AGRO (Post 1922899) I would go with the Saint. Try to find a nice one, then have it graded yourself. if it is a grader, the price will not fluctuate too much if spot falls.
Yeah and when spot goes up 500% your saint will be worth a 10 BANGER! :23_31_2::23_31_2:

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