Continuing to buy gold at new highs?

[bipolar]

With the gold price reaching new highs, are you guys continuing to buy? 

[CaptCaveMan]

On 04/04/2024 at 13:24, bipolar said:

With the gold price reaching new highs, are you guys continuing to buy? 

Yep, small monthly purchases...

[ccfcpaul]

sales are going through, Although I currently have some gold proofs at spot that arent shifting yet

[SidS]

No, I'm buying silver.

[Orpster]

I am indeed, but I have been buying for a long time I have the luxury of cost averaging which a new stacker would not have

I remember people asking the same thing in 2011 and then panicking and selling up when it dropped £200-250 an ounce, but those same people if they had held on would be up 250+% right now, (from memory we went over £1100 an ounce and dropped back to around £750ish within a few months/couple of years)

The price when you buy only matters if your looking to make quick money, if your looking to hold, gold only ever goes one way in the long haul.  Though buying any dip is always a nice feeling  

[silverin]

I haven't bought any since 2017 🤣🤣

[Stuntman]

I tend to buy the gold products that I want to add to my collection at or near their release dates.  So yes, I will keep buying new items as and when I want to add them to my collection.

But I do have the luxury of being able to sell some items from my stack and also my gold ETF to fund some of these.  Once I think I've finished buying new physical gold, I'll sell the rest of the stack and the ETF at or near the next ATH, as and when I need the money.

I had the foresight to buy this additional coverage a few years ago at an average price of about £1150 per oz.  So my advice to others would be to do something similar if you can.  In the medium to long term, the price is likely to be significantly higher than today.

[AaaGee]

I'll be out of the game for a month or 2 as i have other things i need to buy.

But ill carry on when i can. Ive still got a few years of buying ahead of me (hopefully) so will continue to do so. 

If im not buying gold, ill be back to buying c**p on the regular and still have the same bank balance ive always had.

[ccfcpaul]

1 minute ago, AaaGee said:

ill be back to buying c**p on the regular and still have the same bank balance ive always had.

Couldnt agree more to that

[Tn21]

Personally I have almost come to a halt on both au and ag. Having said that I'm in it 4 life, so even at these highs I will be buying as and when I can. 

I have mentioned before just be selective on your purchases 

Edited April 6 by Tn21

[Lancashire1]

On 05/04/2024 at 20:16, AaaGee said:

I'll be out of the game for a month or 2 as i have other things i need to buy.

But ill carry on when i can. Ive still got a few years of buying ahead of me (hopefully) so will continue to do so. 

If im not buying gold, ill be back to buying c**p on the regular and still have the same bank balance ive always had.

That's true. I've just looked at the price of gold and held off buying a sovereign....then blew £500 on a crossbow and £50 on a viking style drinking horn 🤣

Stopping impulse buying s**** was the reason I started stacking 🤣

Anyone want to swap a crossbow and a drinking horn for a sovereign?

[ccfcpaul]

if I had 3-4 more beers tonight, I might have said yes

[AaaGee]

Its a wierd one. I wouldnt know how to successfully go about buying low and selling at a profit so its safer for my finances to buy and keep hold. Im happy to do that as i dont like selling anyway 😄.

Im 50 this year and plan to sell up when i retire.

If it gets to the point i cant afford to buy anymore Gold, ill just sit on what i have and that will have to do. If i can carry on, i will.

Im trying to not go smaller than sovereigns but occasionally a nice 1/10 will come my way that i cant resist.

[ccfcpaul]

3 minutes ago, AaaGee said:

Its a wierd one. I wouldnt know how to successfully go about buying low and selling at a profit

This is very true on any investment that you're holding long term. Fair enough I have mgade a fair bit on the old pump and dumps of the crypto wild west, but sometimes thats just down to luck rather than judgement. At least with gold, you're safe in the knowledge that it will keep rising eventually, even if its a bit of a seesaw. If it doesn't just go putin on the world and start a war somewhere

[Petra]

Just keep buying what you can. This time next year after a year of rising prices you’ll only regret not continuing to buy gold. You may need to change your buying habits but some gold bought is better than none🤔

[CanadianMaple]

Yeah, I'm still buying.  Buy 1oz gold each of the last 3 months with my most recent purchase this past Thursday.  A 2024 1oz gold Canadian Maple with King Charles on the reverse.  My first one of this type.

I'm at 55 gold ounces at this point.  Started buying back in 2012, so I'm purchasing based on "dollar-cost-average" principle.

A year ago I bought 2x 10oz Johnson Matthey gold bars.  Paid $25,450 CAD and $26,200 CAD for each.  Today they're are each over $31,000 CAD a piece.  That's how bad the CAD dropped in value.

It's a win-win for me to keep buying at this point.

Think of this, I bought my first 2 gold oz Canadian Maples back in May 2012.  Paid around $1600 a piece CAD for each.  At today's price I would only be able to buy just one.

Gold is awesome, and I got so much of it.

 

 

[KitchenCollector]

Watching the price go up, down and sideways in the short term got boring for me after a while.

Over the last few years I've never let an 'all time high' stop a purchase, knowing there will be a new 'all time high' at some point further down the road.

The longer I own it, the happier I am with my purchase. Now, if I can just learn to let go... 😅

[ccfcpaul]

5 hours ago, CanadianMaple said:

Yeah, I'm still buying.  Buy 1oz gold each of the last 3 months with my most recent purchase this past Thursday.  A 2024 1oz gold Canadian Maple with King Charles on the reverse.  My first one of this type.

I'm at 55 gold ounces at this point.  Started buying back in 2012, so I'm purchasing based on "dollar-cost-average" principle.

A year ago I bought 2x 10oz Johnson Matthey gold bars.  Paid $25,450 CAD and $26,200 CAD for each.  Today they're are each over $31,000 CAD a piece.  That's how bad the CAD dropped in value.

It's a win-win for me to keep buying at this point.

Think of this, I bought my first 2 gold oz Canadian Maples back in May 2012.  Paid around $1600 a piece CAD for each.  At today's price I would only be able to buy just one.

Gold is awesome, and I got so much of it.

 

 

Love the new maple. Shiny shiny 

[DisplayName]

Some gold and silver every month will eventually reach any goal that you might set. But only if you keep buying. Today's ATH is tomorrows 'I wish I'd bought more back then'.

[pricha]

Yes , but I'm buying higher grade coins as the gap between spot for bullion and premium you pay for higher grades is closing slightly.  

[Britannia47]

On 07/04/2024 at 05:58, CanadianMaple said:

Yeah, I'm still buying.  Buy 1oz gold each of the last 3 months with my most recent purchase this past Thursday.  A 2024 1oz gold Canadian Maple with King Charles on the reverse.  My first one of this type.

I'm at 55 gold ounces at this point.  Started buying back in 2012, so I'm purchasing based on "dollar-cost-average" principle.

A year ago I bought 2x 10oz Johnson Matthey gold bars.  Paid $25,450 CAD and $26,200 CAD for each.  Today they're are each over $31,000 CAD a piece.  That's how bad the CAD dropped in value.

It's a win-win for me to keep buying at this point.

Think of this, I bought my first 2 gold oz Canadian Maples back in May 2012.  Paid around $1600 a piece CAD for each.  At today's price I would only be able to buy just one.

Gold is awesome, and I got so much of it.

 

 

I’m a great supporter of Canada, as you can see!

Any chance of Canadian citizenship?…….😁 

 

[Petra]

2 minutes ago, Britannia47 said:

I’m a great supporter of Canada, as you can see!

Any chance of Canadian citizenship?…….😁 

 

Plenty of wilderness there … able to find a nice place out of the way and live the dream🤔🤔

[ZRPMs]

Still trickling in a few more pieces to the collection. Its a long term goal for me. Glad I didn't stop buying at £200 a sovereign. I'm sure I'll feel the same at £400........Wait what are we at? £443.70 a single sovereign at Atkinsons

[Petra]

1 minute ago, ZRPMs said:

Still trickling in a few more pieces to the collection. Its a long term goal for me. Glad I didn't stop buying at £200 a sovereign. I'm sure I'll feel the same at £400........Wait what are we at? £443.70 a single sovereign at Atkinsons

Keep on buying… a little is better than nothing 🤔👍

[Esjayc]

Hi all, new to the forum and my first post (aside from saying hello in a newbie thread). I'll continue to buy what I can afford, and when I can afford it. I'll continue to buy 'best value' type sovereigns / half sovereigns with this approach (what I mostly stack / collect these days). If push comes to shove, I'll focus on half sov's.

As ever, hindsight is a wonderful thing, and none of us have a crystal ball for the future! I continue to see my sovereign stacking / collecting as both a bit of interesting fun, and an investment.

Best wishes, Esjayc