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Re: Forum gossip thread by Oerdin
Started by JOE, November 12, 2023, 06:57:12 PM
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Quote from: Oerdin on November 18, 2023, 12:25:35 PMGold is down.
Quote from: JOE on November 18, 2023, 12:44:21 PMThat's why a person should never buy too much gold at once.Buy in a trickle when the price is right rather than a truckload when the price is too high.Ie - I often see these ads in the US for 500 or 1000 ounces of silver monster packs. Usually people buy too much and when the prices are too high then wonder why they end up losing so much money on huge purchases like that.I like rare collector gold coins thoBut even those should be purchased with a limit. Shouldnt buy too much at one time to limit potential losses in case the market swings the other way.Other tip - don't buy what ya can't re-sell or more than what the buyer is willing to pay.
Quote from: TheProwler on November 19, 2023, 04:51:24 AMHow much did you lose Joe?
Quote from: JOE on November 19, 2023, 12:25:11 PMHaven't lost anythin' yet since I have sold anything, Prowler.But...I usu buy the collector stuff.There always seems to be a demand for high grade quality collector gold and even silver coins. I never buy below Mint State (MS-60) and officially graded (NGC, PGCS, ANACS, ICCS, etc) cuz I noticed that anything lower than that has a hard time selling and attracting buyers. Even AU (Almost Uncirculated) has a hard time selling & when it does an AU coin goes for 1/2 of what a Mint State coin does. AU is still a high quality coin, but it aint high enough, eh Prowler? Not good enough to be taken seriously be collectors. Therefore, Mint State-60 (officially graded) should always be considered the cut-off point to buy at & preferably below coin guide or market value.As a rule, collectors/buyers never want poor quality grades. Even if it sells, the prices realized are often poor..I'll post some pics later of high quality Canadian coins I bought over the weekend, eh Prowler?
Quote from: TheProwler on November 19, 2023, 01:16:40 PMYou know if you put all you inheritance into collectibles, you will not have enough money left over to buy a house.
Quote from: Lokmar on November 19, 2023, 01:29:55 PMCollector coins are ok for people who like nice things to look at. They arent jack or shit in an emergency. I have a few collector coins such as the newer Morgan Silver Dollars. They are a novelty though, NOT something I'd EVER invest large amounts in as a nest egg. Thats fukin DUMB!
Quote from: Herman on November 20, 2023, 01:17:47 AMYou still taking old Joe's troll bait.
Quote from: TheProwler on November 20, 2023, 02:45:13 AMCan you imagine how Joe feels?He is trying so hard to paint a picture of an interesting person....and he is just coming off as a weirdo shut-in who collects uninteresting things.
Quote from: Adolf Oliver Bush on November 20, 2023, 11:53:42 AMNot even that. I mean take the Marvel angle - Marvel as a property is DOA these days now that the Wokels have got their claws into it. Movie franchises are bombing harder than the IDF, leading me to expect that the prices Jo-Jo is selling us on are examples of gross overvaluation.
Quote from: JOE on November 20, 2023, 12:41:24 PMLike...a person doesn't buy property with the intent they'll take a huge loss on it. Same with stocks. Same with commodities or bitcoin. Really, when ya take the mask offa anything, they're all the same Prowler. They just wear a different face but the end game should always be to at least break even or make a profit on em.
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