All depends on what you bought at. Makes a great gift and if you have a lot of it, saves a bunch on estate taxes.
"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko.
@PocketArt said:
Shoot, you see platinum? $820 an oz. Hasn't been this low since October 2008?! What's up with that....
I'm pretty sure platinum prices are dependent on production of cars (50% of platinum is used on catalytic converters). Because of engineering efficiencies they are able to reduce the amount of platinum needed in cars so the demand for platinum lowers while the supply stays the same.
I guess I'm selfish here- I'd love to see gold go back down around $1,100 an oz so I can upgrade my chewed up $10 Indian in type set. Heck, you gold bugs would probably love it too. Cost average on the way down then really celebrate when it goes back up to $2,000!
It's funny we are of the mentality that the value of gold moved, not the piece of paper issued by a private company, and backed by a promise to tax the citizens of a country.
An ounce of gold is an ounce of gold. It was worth approx. $20 100 years ago, and now worth over $1200. Still one ounce, and still has the same or greater buying power. 30 of them will still buy a new car, just like 1932.
I do NOT like silver. Based on being a bullion dealer.
Prices DROP when spot rises and prices RISE when it drops.
The spreads are always inconsistent....and.... I have the advantage of knowing WHO buys each.
It's important to remember hourly/daily/weekly price changes do not cause actual loss or gain. Only when you sell are actual losses or gains realized. You are not getting killed or getting rich until you sell.
Market timing is hard to get right. Lots of market timers win and lose with little consistency. If they are winning more than losing they are happy. But most market timers are on the down side of the equation from my experience.
Physical metal is NOT for ....trading. Comex paper is for that.
Selling quantities of physical gold can be a mistake.
PHYSICAL gold is insurance. Or should be.
@MrEureka said: Retail buy and sell prices may not be the best market indicators.
Very true. I don't see anything unusual with the current premiums or spreads. Fed Funds and the yield curve have relevance, and so does the debt refinancing picture. After awhile, you just wanna step aside. Gold helps with that.
Q: Are You Printing Money? Bernanke: Not Literally
tradedollarnut
Posts: 20,147 ✭✭✭✭✭
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@tradedollarnut Well, at least it still glimmers, My Precioussss.
Kind regards,
George
Time to buy?
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
I have physical that I'm getting kilt on.
It's better than a poke in the eye with a sharp stick.
I knew it would happen.
Oooh, a copper for the weakened, thread.
$1244.20 right now....silver down... stocks are down, dollar doing well....Cheers, RickO
All depends on what you bought at. Makes a great gift and if you have a lot of it, saves a bunch on estate taxes.
buy at $1175.....
Don't quote me on that.
"And she's buying a stairway to heaven...."
Well, I bought some silver this morning after the drop, so it has to drop some more.
Shoot, you see platinum? $820 an oz. Hasn't been this low since October 2008?! What's up with that....
Awesome! Wonder if the 33's have come down...?
I'm pretty sure platinum prices are dependent on production of cars (50% of platinum is used on catalytic converters). Because of engineering efficiencies they are able to reduce the amount of platinum needed in cars so the demand for platinum lowers while the supply stays the same.
short covering rally
It’s glittering today.
If gold continues to drop will the premiums go up on Liberty and Saints?
no
supply glut
and the market will show less interest in gold
...off the subject....same curve..... hoping the lower spot somehow works itself BUT this one is getting higher & higher
Year low on gold today
Low prices, lower interest in even bullion worthy old gold
Gold is on sale.
Sweet!
Gosh, I may be able to try for the gold page on my 7070 yet! ;-)
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
@ $1241
US Mint didn't get the memo
Keep an open mind, or get financially repressed -Zoltan Pozsar
THIS HAS GONE ON LONG ENOUGH AND IT BETTER QUIT RIGHT NOW !!!
I guess I'm selfish here- I'd love to see gold go back down around $1,100 an oz so I can upgrade my chewed up $10 Indian in type set. Heck, you gold bugs would probably love it too. Cost average on the way down then really celebrate when it goes back up to $2,000!
... is not gold. I like platinum and palladium as an investment better.
...lower...$1,222.60.
I guess I'll leave my gold tooth in my mouth for awhile............
Pete
It's starting to put me in buying mood myself, so let it drop.
$1216
Almost bought some silver yesterday. Glad I did not. I'll wait and see.
$1210 now.
morning low of 1210.7
Look at the bright side. If gold drops another $1200, premiums on generic gold will skyrocket!
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Just curious, my kind sir... are you calling the ceiling ?
Silver Eagles @ 15% premium vs. 90% junk silver @ 1% over spot.
Gold Eagles @ 4.5% premium with a 4.5% buy-sell spread.
Gold/Silver Ratio = 79.8
Platinum on sale @ 65.8% the spot price of gold, but still with a 13% premium over spot.
Palladium down $39 in one fell swoop, but still $63 over platinum.
We live in interesting times.
I knew it would happen.
I called the ceiling at 1312 or whatever it was when David Hall said buy gold. Investors have no reason to buy gold in this interest rate environment
Tell me your prediction on industrial demand. Me, I don't see it.
Actually, I think I'd take silver over any of the other 3. [If I wanted to speculate.]
It's funny we are of the mentality that the value of gold moved, not the piece of paper issued by a private company, and backed by a promise to tax the citizens of a country.
An ounce of gold is an ounce of gold. It was worth approx. $20 100 years ago, and now worth over $1200. Still one ounce, and still has the same or greater buying power. 30 of them will still buy a new car, just like 1932.
I do NOT like silver. Based on being a bullion dealer.
Prices DROP when spot rises and prices RISE when it drops.
The spreads are always inconsistent....and.... I have the advantage of knowing WHO buys each.
But.... not my money.
It's important to remember hourly/daily/weekly price changes do not cause actual loss or gain. Only when you sell are actual losses or gains realized. You are not getting killed or getting rich until you sell.
Market timing is hard to get right. Lots of market timers win and lose with little consistency. If they are winning more than losing they are happy. But most market timers are on the down side of the equation from my experience.
Physical metal is NOT for ....trading. Comex paper is for that.
Selling quantities of physical gold can be a mistake.
PHYSICAL gold is insurance. Or should be.
I see a greater demand for lithium in the coming years. But that's due to the need for lighter metal, not heavier.
Retail buy and sell prices may not be the best market indicators.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
We have millions of $20 gold pieces coming back from europe due to the new banking laws, back up the truck.
That won't destroy them.
@MrEureka said: Retail buy and sell prices may not be the best market indicators.
Very true. I don't see anything unusual with the current premiums or spreads. Fed Funds and the yield curve have relevance, and so does the debt refinancing picture. After awhile, you just wanna step aside. Gold helps with that.
I knew it would happen.
$1201