If you look at the historical chart of gold, it appears that a slowdown was to be expected after it initially hit 2000/oz.
Perhaps a year or two of zig zagging between 1700-2000 before she heads higher.
I would be absolutely shocked if we see 1600/oz, let alone 1200.
I would buy 50 at $1200 that would help the 25 I bought at $1900! But then again I bought a bunch at $600- $1200 before. Dollar cost averaging I guess! I guess I just don't like the stock market or financial advisors! I am in for the long haul! Good thing I own property in Idaho! Hahahahaha
Halfpence
Posts: 442 ✭✭✭✭
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Yea, it would be nice to add some more. Hoping for the 1200ish range. That may be a bit ambitious though.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
I hear ya. If it got that low, I suspect there would be a major supply issue (already is).
Wow, quite the price drop today so far...
Click on this link to see my ebay listings.
I wonder what caused this drop all of a sudden?
Commentaries seem to indicate that the increase in treasury yield caused the drop.
Problem is finding anyone to actually sell you gold bullion at this price.
Here's a warning parable for coin collectors...
Or at a reasonable premium.
Young Numismatist/collector
75 Positive BST transactions buying and selling with 45 members and counting!
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Money shifts usually do this... a week or two ago, there was a shift to Bitcoin... then that dropped...Now Treasuries... Cheers, RickO
20 years ago was the time to buy. THKS!
The whole worlds off its rocker, buy Gold™.
If you look at the historical chart of gold, it appears that a slowdown was to be expected after it initially hit 2000/oz.
Perhaps a year or two of zig zagging between 1700-2000 before she heads higher.
I would be absolutely shocked if we see 1600/oz, let alone 1200.
I would buy 50 at $1200 that would help the 25 I bought at $1900! But then again I bought a bunch at $600- $1200 before. Dollar cost averaging I guess! I guess I just don't like the stock market or financial advisors! I am in for the long haul! Good thing I own property in Idaho! Hahahahaha