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Registered Abuser
Join Date: Jul 2007
Location: Southwest Montana
Posts: 2,738
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Profit Taking On Gold
At $1407.00 an oz I would be inclined to sell some gold. I always miss the sell signals. $1500/Oz is possible.
What are your thoughts? Will it go to $2K Double Eagles and Krugerrands still seem to be the best way to hold. they seem to be the easiest way to sell.
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MT 930 1987 930 - Gone but not forgotten A man with priorities so far out of whack doesn't deserve such a fine automobile. I would rather wake up in the middle of nowhere than in any city on earth - Steve McQueen американский |
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11-11-2010, 11:35 AM
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Registered
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I would have sold a long time ago...
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Silver '88 RoW Carrera Grey '06 A4 Avant |
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11-11-2010, 12:30 PM
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Used Up User
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With 'currency wars', sour economy & seemingly resurged demand from India, it is a safe bet. But it is still just a bet . . .
I am still holding. Ian
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'87 Carrera Cab ----- “Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.” A. Einstein ----- |
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11-11-2010, 01:30 PM
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Wandered off somewhere...
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Good topic....curious myself.
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Mark... Porsche Boxster S 2012 Jeep Wrangler Rubicon..Crush Orange |
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11-11-2010, 02:09 PM
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Registered Abuser
Join Date: Jul 2007
Location: Southwest Montana
Posts: 2,738
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I always miss the top 10% value on every thing. I'm always selling on the back
(declining) side. Basis is $400/oz +/- bought in the early 90's. sell 1/3 to 1/2 now. Feels right. The silver folks are primed for a run. hold on the silver ?
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MT 930 1987 930 - Gone but not forgotten A man with priorities so far out of whack doesn't deserve such a fine automobile. I would rather wake up in the middle of nowhere than in any city on earth - Steve McQueen американский |
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11-11-2010, 02:21 PM
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I'm still holding all I can, just selling enough scrap gold to keep the shop afloat. Bought 100 silver $'s this week, will keep a least a roll of them.
It would be hard to lose money selling gold or silver the last few years. Jim
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down to jap bikes that run and a dead Norton |
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11-11-2010, 02:28 PM
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meister member
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It appears it is the next bubble to burst. Granted the US government is printing money like mad but the pice also is fueled by speculation.
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1983 944 guards red with 16" Fuchs, Host of Wisconsin area timing/ balance shaft belt tensioning party 1987 944S Purchased from Legion. Corvette LT-1 V-8 conversion with Mega Squirt II Check on progress ---> www.porschehybrids.com/gallery/speedracing944 Favorite Road = www.tailofthedragon.com 318 turns in 11 miles (11 min 20 sec best run) |
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11-11-2010, 02:36 PM
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Registered
Join Date: Jul 2003
Location: Glorious Pac NW
Posts: 4,184
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Depends if you believe John Paulson or not - he did make stacks of money betting against sub-prime mortgages.
John Paulson's Scary Speech: Double Digit Inflation By 2012, Gold At $4,000 He says the fundamentals for gold will support $2500/oz right now, and points out that it will probably bounce to $4000/oz on the frenzy if it does. I've also read other people observing that the 80's high for gold would be $2200/oz or thereabouts in today's money.
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'77 S with '78 930 power and a few other things. |
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11-11-2010, 03:34 PM
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Friend of Warren
Join Date: Oct 2000
Location: Lincoln, NE
Posts: 16,496
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More interesting is silver. While gold has had quite the run, silver has just recently started to move. I bought a bunch of silver when it was at $19 and just watched it sit there for the last year. Now it is up around $27.00
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Kurt V No more Porsches, but a revolving number of motorcycles. |
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11-12-2010, 05:55 AM
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You do not have permissi
Join Date: Aug 2001
Location: midwest
Posts: 39,951
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Is it actually owning gold, or a piece of paper issued by "someone" that says you own gold?
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11-12-2010, 05:56 AM
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Registered Abuser
Join Date: Jul 2007
Location: Southwest Montana
Posts: 2,738
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Quote:
they are worth just a little more than the spot price depending on trading volume.
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MT 930 1987 930 - Gone but not forgotten A man with priorities so far out of whack doesn't deserve such a fine automobile. I would rather wake up in the middle of nowhere than in any city on earth - Steve McQueen американский |
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11-12-2010, 06:23 AM
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Friend of Warren
Join Date: Oct 2000
Location: Lincoln, NE
Posts: 16,496
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All my gold and silver is in coins or bars in my safe.
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Kurt V No more Porsches, but a revolving number of motorcycles. |
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11-12-2010, 06:32 AM
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You do not have permissi
Join Date: Aug 2001
Location: midwest
Posts: 39,951
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Good to know
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11-12-2010, 06:52 AM
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Registered
Join Date: Jan 2005
Location: In a dumpster behind Albertson's in Los Angeles County
Posts: 2,132
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Sold a few ounces of gold when it hit $1400, held on to most of it though.
Most of the gold in the safe was from my father and grandfathers collection, $2 1/2, $5, $10 and $20 US Coins, plus at least one of every US Mint issued Proof and American Eagle from 1984 to 2002, and a few private mint one oz bars. Holding on to all my silver coins and bars and the platinum bullion coins that also came from my dad...He spent a lot of money purchasing Silver, Gold and Platinum Coins and Bullion coins from the mint. I have Proof sets (back to 1936) and Mint Sets (back to 1947), for every year they were sold. It looks like his investment is finally starting to pay off....to bad he isn't around to realize it.
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1989 944 NA Glacier Blue - SOLD IT 1989 944 S2 Alpine White T-Boned (totaled) by a lady dressed in a CLOWN costume (RIP  ) Apr 89 - Mar 081988 944 Turbo S Silver Rose Metallic, K27/6, Vitesse MAF, Tial 38mm DP WG Semper Fi |
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11-12-2010, 07:26 AM
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 56,208
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Quote:
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa SOLD 2004 - gone but not forgotten
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11-12-2010, 07:31 AM
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Friend of Warren
Join Date: Oct 2000
Location: Lincoln, NE
Posts: 16,496
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Quote:
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Kurt V No more Porsches, but a revolving number of motorcycles. |
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11-12-2010, 07:55 AM
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You do not have permissi
Join Date: Aug 2001
Location: midwest
Posts: 39,951
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Quote:
If I worked for a major telecom networking with enough clearance, the Blackberry/Ipad/cellphone towers would give me the exact location and habits of all your family members at any given second. If vehicular Onstar GPS/etc... is also routed through the same network, this would be a secondary confirmation of location. If banking records are routed through the same networks, I could know what pets you own, and what security and weapons you've recently purchased. Just sayin'...Be careful out there. [/thread hijack] |
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11-12-2010, 08:25 AM
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Senior Member
Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,960
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Quote:
I see no need to sell as I am not needing anything. If the brown material ever hits the fan the value will be off the charts, and that is when we will really NEED it. Thats why its sitting for now...
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2021 Subaru Legacy, 2002 Dodge Ram 2500 Cummins (the workhorse), 1992 Jaguar XJ S-3 V-12 VDP (one of only 100 examples made), 1969 Jaguar XJ (been in the family since new), 1985 911 Targa backdated to 1973 RS specs with a 3.6 shoehorned in the back, 1959 Austin Healey Sprite (former SCCA H-Prod), 1995 BMW R1100RSL, 1971 & '72 BMW R75/5 "Toaster," Ural Tourist w/sidecar, 1949 Aeronca Sedan / QB |
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11-12-2010, 08:32 AM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Everything posted here is the herd mentality. Myopic in the extreme.
now do ya wana break away from the herd, and head to the mountain top to get a panoramic view of the lay of the land? Then you need to ask yourself a question. With everything you see going on, what do you think it will all lead to? Do the politicians inspire confidence in you that they will be able to rectify the problems the US has? Do the economic policies look like they are headed for a ROSY future for America? Do you think this new crop of politicians can make enough of a difference in policies to head off the cliff of oblivion that lies ahead.? The one ray of hope that there is is that the Obama agenda has been blunted and derailed. Now will the politicians have enough of common sense and moral fortitude to make the necessary changes that will avert that cliff?
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Copyright "Some Observer" Last edited by tabs; 11-12-2010 at 10:47 AM.. |
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11-12-2010, 10:42 AM
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Registered
Join Date: Jan 2005
Location: In a dumpster behind Albertson's in Los Angeles County
Posts: 2,132
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Quote:
__________________
1989 944 NA Glacier Blue - SOLD IT 1989 944 S2 Alpine White T-Boned (totaled) by a lady dressed in a CLOWN costume (RIP ) Apr 89 - Mar 081988 944 Turbo S Silver Rose Metallic, K27/6, Vitesse MAF, Tial 38mm DP WG Semper Fi |
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11-12-2010, 10:46 AM
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1988 Porsche Carrera 3.2
1987 Porsche 911 Carrera Cabriolet 3.2
Little Red
the stable a few years ago
2013 
1988 Porsche 944 Turbo S Limited Edition
