I think Gold is about to take a big jump up in price.

[Nick Gromicko]

http://www.kitco.com/charts/livegold.html

Buy an ounce if you can.

[Nick Gromicko]

Did I call that one right or what? http://www.kitco.com/charts/livegold.html

[rmaday]

Nice one Nick.

Any thought on CTRP?

[Nick Gromicko]

I haven't traded stocks since 1987 and don't know much about stock trading. I only specialize and trade in precious metals.

[mnahrgang]

Originally Posted by gromicko

I haven't traded stocks since 1987 and don't know much about stock trading. I only specialize and trade in precious metals.

On that note, how do you go about buying, and especially selling these? I find it's pretty easy to buy metals (coins) but it's harder to sell them at what the "market" says the metal is selling for.

[ldapkus]

Originally Posted by rmaday

Nice one Nick.

Any thought on CTRP?

FNARX

[Nick Gromicko]

Just like any trading, there are fees. If you are only buying a couple new gold 1 oz coins, expect to pay up to $20 over the spot price (value of the melted metal today). If you then want to sell later expect the coin shop to give you spot or just under.

At $1,000 an ounce your trading fees would be about 2% at small quantities.

None of the above statements include anything about the numismatic value of the coin as new coins don't have much or any. I give only a little thought to numismatic value (I like pre 1933 gold coins) when buying a gold coin and like to stay as close to spot as possible. Like I said, I'm not a coin collector, I'm a precious metal trader.

[James H. Bushart]

Gold will take a giant leap should a Democrat be elected to the White House. Remember Carter?

[Nick Gromicko]

Happening already I think.

[Jae Williams]

Man, it's gettin' t'where a guy is afraid to smile anymore...shows my gold fillings, y'know...

[jcartier]

I have watched Gold for several years. At this posting, Gold is $889. Several weeks back Gold was over $1000. Gold goes for a while by moving up and down by small dollars and then will pike for a few days and then correct itself. You must be patient and then have access to a dealer who is fair. Do your homework.

Jerome Cartier
Cartier Fine Home Inspections
251-490-3213

[rbrady]

I have been buying some silver (25 ounces) the last couple of weeks. I also bought a 1/10 oz gold panda.

I could not even find any bullion locally so I went to ebay. Ebay has some decent deals.
You can also go to:
https://www.bulliondirect.com/index.jsp

I am awaiting my FEDX package from them as I type!

[Nick Gromicko]

I like the Canadian Mapleleafs too just becuase of they way they look.

[rbrady]

:d

The latest addition to my horde!

[Nick Gromicko]

Nice. Did you buy them online?