Gold coins

[Cobster]

Well having recently been asked by my neighbour (and his son, who lives in England) to help him get sell his coins online or wherever else possible.
A

My question is, anyone have any good recommendations for books or sites to learn about this commodity in the buying/selling it? I started off with Kitco, but thought I'd ask here for personal preferences and experiences as opposed to hitting Scroogle and searching there (which I've done already).

 

[FatOne]

Well having recently been asked by my neighbour (and his son, who lives in England) to help him get sell his coins online or wherever else possible.
A

My question is, anyone have any good recommendations for books or sites to learn about this commodity in the buying/selling it? I started off with Kitco, but thought I'd ask here for personal preferences and experiences as opposed to hitting Scroogle and searching there (which I've done already).

Kitco rocks. I sold silver coins to them in person in Montreal. No problems.

 

[Gyaos]

My question is, anyone have any good recommendations for books or sites to learn about this commodity in the buying/selling it?

The time to sell was 2 weeks ago. Now it will be volatile. If you can get gold/silver sold now you will be lucky. QE2 announcement to end in June is true and that means a commodity collapse. And no one buys if the price goes down. When it bottoms, then buy. If you buy physical gold, when the price soars and you buy more, the cost to secure the gold ends up costing more than the value of the gold (of course if you are on my financial level.....many are not, they think King Kong made $2.00, I keep telling them it only made $1.00).

I recommend to NOT sell on-line. Go to a dealer face-to-face or conventions. Get a Bloomberg. Costs 1 gold coin per month, currently. Unless you can access one for free.

Gyaos Baltar.

 

[Cobster]

The time to sell was 2 weeks ago. Now it will ve volitile. If you can get gold/silver sold now you will be lucky. QE2 announcement to end in June is true and that means a commodity collapse. And no one buys if the price goes down. When it bottoms, then buy.

I recommend to NOT sell on-line. Go to a dealer face-to-face or conventions. Get a Bloomberg. Costs 1 gold coin per month, currently. Unless you can access one for free.

Gyaos Baltar.

I just looked at the charts now and 2 weeks ago gold was sitting at 1480, today it's 1560 - not sure about the dollar but I'm sure the dollar was consistent over the past 2 weeks.
The Canadian dollar was also fairly high as compared to today.

 

[Gyaos]

I just looked at the charts now and 2 weeks ago gold was sitting at 1480, today it's 1560 - not sure about the dollar but I'm sure the dollar was consistent over the past 2 weeks.

Yes. I fully agree. The issue is "greed makes people stupid". To sell at 1480 for others to make 1560 is okay, but at 1560 on a hold from a 1480 buy (only 2 weeks ago, mind you) and it drops to 1200.....Oops! That's the alpha/beta risk that's overlooked. Silver is the best example, dropped almost 10% last night----all started after Bernanke's press-conference; that should tell the market somethin'.

Gyaos.