What to buy at Orlando coin show ?

rog...@webtv.net

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Jan 9, 2010, 10:00:21 AM1/9/10

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I am interested in gold or silver only for asset preservation against
inflation and possible profit in the next couple of years. Right now I
have about 5% of cash in 1 ounce Maple Leafs and American Eagles. In
recent weeks have had trouble finding any Eagles at local coin stores.
I also have heard that their may be a pull back in Gold prices in the
coming months. There is a coin show in Orlando this weekend and I can
buy ML and Eagles (1oz.) for $1185. I am wondering if I should see this
as a good price and availibility or wait for a pullback at which time I
won't be able to find any gold in local coin stores again ?? I prefer
to buy small amounts in cash not buying by mail or online. Also since I
am only interested in Gold and Silver not for collecting any advice as
to what might be the best thing to buy at this coin show to acheive this
???

Thanks For Considering My Post .....

Jerry Dennis

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Jan 9, 2010, 10:35:06 AM1/9/10

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Gold and silver investing. To buy or not to buy. And the Magic 8
Ball says, "Ask again later." Who's got the crystal ball?

Okay, no more smart aleck replies. Only you can answer your own
question. A lot of people come here asking the same investment
advice. We collect coins for fun, not profit. None of us is going to
tell you what and when to buy, so that when it tanks you can blame
us. No, if you screw up you did it on your own. Sorry, but that's as
far as it goes.

Jerry

Petronius

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Jan 9, 2010, 10:54:57 AM1/9/10

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"Jerry Dennis" <JDen...@aol.com> wrote in message
news:591347d7-4985-4710...@c3g2000yqd.googlegroups.com...
On Jan 9, 10:00?am, rog...@webtv.net wrote:
>... We collect coins for fun, not profit. None of us is going to tell you

>what and when to buy, so that when it tanks you can blame us.

Jerry Dennis does not speak for the group. Never has and never will.

Bruce Remick

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Jan 9, 2010, 11:53:47 AM1/9/10

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<rog...@webtv.net> wrote in message
news:14335-4B4...@storefull-3253.bay.webtv.net...

Be wary of investment advice from strangers.

That said, $1,185 seems like a good deal, with gold at about $1,140 spot and
Kitco selling gold eagles today at $1,230. I wouldn't worry about price
fluctuations unless you need to make a profit in 2010.

Peter

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Jan 10, 2010, 8:39:51 AM1/10/10

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On Jan 9, 10:00 am, rog...@webtv.net wrote:

I guess that if you want to profit, you need to consider not only the
purchase price but also the selling price. You're wise to see that
you should not pay too much, but it won't help unless the price goes
up and you can sell at a profit.

How much you purchase is also a factor. If you make a small purchase,
success will not help you very much. If you make a large purchase,
anxiety may become more important than an eventual profit if the price
fluctuates (gold sometimes fluctuates, a lot). Fluctuations in price
may tempt you to sell at a loss and if they do not, you may find that
if you buy too much that fluctuations in your other affairs force you
to sell at a loss to raise cash.

Tracking the price of a specualation and guessing the best strategy
may also become a burden.

Others, here, who mention that they collect coins for fun may be
guiding you toward a better approach.