what is a 55g 9ct gold chain worth
29 July 2010, 09:47 PM
#31
Scooby Regular
no, i hadn't read that thread. i just clicked on the first search result that poped up with gold next to your name. that was how i made my (wrong) guess to your figures, you've certainly dipped in at the right time by the sounds of it 
all i was trying to say was that if you have gold laying about that you no longer use/wear it is a very good time to sell. if it's bits that were bought over a few years ago you'll make a great return.
if you don't need the money, fine, take a chance. but it really is an ideal opportunity to make some good money for stuff that most people leave at the back of a drawer.
i (assume) you've got some large investment, but i think a lot of people are just trying to make some easy money. world of difference, hence our different outlooks.
as for selling to 'get by', i think your facts need straightening there mate, i only dabble as a hobby and for a bit of fun and it's worked out really well from my point of view, that's why i'm really happy with what i've earned from it so far
all i was trying to say was that if you have gold laying about that you no longer use/wear it is a very good time to sell. if it's bits that were bought over a few years ago you'll make a great return.
if you don't need the money, fine, take a chance. but it really is an ideal opportunity to make some good money for stuff that most people leave at the back of a drawer.
i (assume) you've got some large investment, but i think a lot of people are just trying to make some easy money. world of difference, hence our different outlooks.
as for selling to 'get by', i think your facts need straightening there mate, i only dabble as a hobby and for a bit of fun and it's worked out really well from my point of view, that's why i'm really happy with what i've earned from it so far
Hoskib, you are saying it's a good time to sell because you may have some gold laying around doing nothing as it were and prices are high. My counter argument to you is the opposite ie it may well be (my opinion) a good time to hold what you have and add to it when there are dips.
Whether one has small or large exposure the outlook should be the same, ride an asset that is growing in value. Its not as though you've bet your house on the price of gold is it? (nor have I by the way)
So why not leave that investment in gold? The risk of what you might lose is small, what you may gain far larger.
If someone needs the money and selling the gold is the only option then of course that's what needs to be done. But to liquidate it for a quick profit to spend to my mind is way off the mark.
Always have some precious, and remember, unlike the paper money in your pocket governments can't just print as much as it likes
Last edited by Dingdongler; 29 July 2010 at 09:50 PM.
29 July 2010, 10:45 PM
#32
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Ok, lets have a sensible discussion now that we've both got the posturing out of the way
Hoskib, you are saying it's a good time to sell because you may have some gold laying around doing nothing as it were and prices are high. My counter argument to you is the opposite ie it may well be (my opinion) a good time to hold what you have and add to it when there are dips.
Whether one has small or large exposure the outlook should be the same, ride an asset that is growing in value. Its not as though you've bet your house on the price of gold is it? (nor have I by the way)
So why not leave that investment in gold? The risk of what you might lose is small, what you may gain far larger.
If someone needs the money and selling the gold is the only option then of course that's what needs to be done. But to liquidate it for a quick profit to spend to my mind is way off the mark.
Always have some precious, and remember, unlike the paper money in your pocket governments can't just print as much as it likes
Hoskib, you are saying it's a good time to sell because you may have some gold laying around doing nothing as it were and prices are high. My counter argument to you is the opposite ie it may well be (my opinion) a good time to hold what you have and add to it when there are dips.
Whether one has small or large exposure the outlook should be the same, ride an asset that is growing in value. Its not as though you've bet your house on the price of gold is it? (nor have I by the way)
So why not leave that investment in gold? The risk of what you might lose is small, what you may gain far larger.
If someone needs the money and selling the gold is the only option then of course that's what needs to be done. But to liquidate it for a quick profit to spend to my mind is way off the mark.
Always have some precious, and remember, unlike the paper money in your pocket governments can't just print as much as it likes
i agree very much with your points, BUT we're looking at it from different sides of the fence.
i want to sell for a quickish buck, you're looking to safeguard your earnings/savings so we'll never agree TBH
not saying your approach is wrong, in fairness it's got a lot of sense to it. but, personally, only as a long term and as long as gold doesn't nose dive (which it won't, just giving worst case)
i guess it also asks the question - when exactly do you intend on selling up? or are you passing it on to kids? just wondering what you're ultimately trying to achieve? can't take it with you mate
no idea what you've got your money in, but with me it was old jewelry then onto coins. maybe this is what gives me my outlook as there has been some right **** i've sold that people have paid silly money for just to jump on the gold bandwagon. it's utter madness and that's why i'm saying, if you've no need for it and you could do with the money, then cash in.
i'll never get rid of all of mine and yeah i've sold for silly toys and holidays, but i guess we've got a different outlook on that aswell
30 July 2010, 02:12 PM
#33
Scooby Regular
posturing, lol
i agree very much with your points, BUT we're looking at it from different sides of the fence.
i want to sell for a quickish buck, you're looking to safeguard your earnings/savings so we'll never agree TBH
not saying your approach is wrong, in fairness it's got a lot of sense to it. but, personally, only as a long term and as long as gold doesn't nose dive (which it won't, just giving worst case)
i guess it also asks the question - when exactly do you intend on selling up? or are you passing it on to kids? just wondering what you're ultimately trying to achieve? can't take it with you mate
no idea what you've got your money in, but with me it was old jewelry then onto coins. maybe this is what gives me my outlook as there has been some right **** i've sold that people have paid silly money for just to jump on the gold bandwagon. it's utter madness and that's why i'm saying, if you've no need for it and you could do with the money, then cash in.
i'll never get rid of all of mine and yeah i've sold for silly toys and holidays, but i guess we've got a different outlook on that aswell
i agree very much with your points, BUT we're looking at it from different sides of the fence.
i want to sell for a quickish buck, you're looking to safeguard your earnings/savings so we'll never agree TBH
not saying your approach is wrong, in fairness it's got a lot of sense to it. but, personally, only as a long term and as long as gold doesn't nose dive (which it won't, just giving worst case)
i guess it also asks the question - when exactly do you intend on selling up? or are you passing it on to kids? just wondering what you're ultimately trying to achieve? can't take it with you mate
no idea what you've got your money in, but with me it was old jewelry then onto coins. maybe this is what gives me my outlook as there has been some right **** i've sold that people have paid silly money for just to jump on the gold bandwagon. it's utter madness and that's why i'm saying, if you've no need for it and you could do with the money, then cash in.
i'll never get rid of all of mine and yeah i've sold for silly toys and holidays, but i guess we've got a different outlook on that aswell
Good point, I've often pondered the exit strategy. I'll probably leave it for the kids, but I may sell some when it gets to $3000/oz
30 July 2010, 02:13 PM
#34
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04 August 2010, 10:27 PM
#36
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people will go mad for a bit of gold and shiney
all depends how much it'll go for in 6/12 months time to whether you make the right personal choice, £1000, £500, still £750? who knows? (other than Dingdongler obviously
)
04 August 2010, 10:32 PM
#37
Scooby Regular
If you are thinking of selling in the short term then now is probably a good time. We are now back up to $1200 and we will have a short/medium term fall in price before the next bull run.
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