I had to capture the close for today, Friday 10-18-2024. The other 3 metals made respectable gains too. All 4 on top line.
I had planned to rehome my better gold at $2300 but the biz channel kept pointing out several other countries are stockpiling gold.
Why argue with that ?
Somethings certainly up.
I still plan to part ways with the betters, and I am happy to still be in the game. I cashed out of my crappy annoying gold at 2k & bought some cool error coins. No regrets.
Ultimately, I'll archive precious items I care more for than cashing out due to their elevated metals values
Exciting times to be a gold (and silver) collector. Big BRICS meeting coming this week. Will the rumors of a 40% gold backed settlement currency come true?? Time will tell but that could be good news for gold. A couple dealers I work with are still saying $2800 could finally get people to start getting back into gold. Right now you don't hear much or see much about record highs.
I nominate this for the most mis-named thread on CU.......
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Personally, I hope gold never drops back to match years in the past or current.
Off top of my head last image I posted back then, a year ago was a 2014 Gold Kennedy 3/4 oz 24k relic.
I played the game & I posted back then too when milestones met reality.
You got a year 2750 goldie in your treasure stash ?
@CaptHenway said:
I nominate this for the most mis-named thread on CU.......
Just who is able to buy gold today at its growing price? Don't you need to be a multi-millionaire to be able to stack/invest in gold today? I'm guessing for the single-digit millionaires, those who are worth less than 10 million, would they be able to invest 3 to 5% of their worth into gold? For example, a guy worth 3 million, 3 to 5% of that is $90,000 to $150,000 to invest in gold and nothing else like stock and bonds so those numbers could be lower, say about half of that is invested into gold alone. How many ounces of gold does that get you? $45,000 in gold is only 16 ounces and I wouldn't call that stacking gold......and if the war in Ukraine ends.....
Imo, gold is way too high for most.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
I am not adding to my gold, instead considering exit plan. Vladimir is hosting 30 countries in Russia right now, which get little press. The 30 BRICS I think its called, US Allies and not, photo ops. The goal seems to be to remove dollar from its reserve currency status according to Bloomberg, very little on CNBC. Gold is universal currency in the world, it avoids sanctions. Anyways, I think days of ounces equaling dates current or in past are history.
But I have always loved this thread !!!
Anyways, are their other country gold production dates that relate to 2750 to 5000 ounce spot ? I've got some Turkish gold brockage errors whose date need to be deciphered but are in future from my US viewpoint.
@leothelyon said:
Just who is able to buy gold today at its growing price? Don't you need to be a multi-millionaire to be able to stack/invest in gold today? I'm guessing for the single-digit millionaires, those who are worth less than 10 million, would they be able to invest 3 to 5% of their worth into gold? For example, a guy worth 3 million, 3 to 5% of that is $90,000 to $150,000 to invest in gold and nothing else like stock and bonds so those numbers could be lower, say about half of that is invested into gold alone. How many ounces of gold does that get you? $45,000 in gold is only 16 ounces and I wouldn't call that stacking gold......and if the war in Ukraine ends.....
Imo, gold is way too high for most.
Leo
You don't need any more money to buy gold today than you did 20 years ago. $1000 in gold is $1000 in gold.
We could switch to the Chinese or Hebrew calendar……
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
@leothelyon said:
Just who is able to buy gold today at its growing price? Don't you need to be a multi-millionaire to be able to stack/invest in gold today? I'm guessing for the single-digit millionaires, those who are worth less than 10 million, would they be able to invest 3 to 5% of their worth into gold? For example, a guy worth 3 million, 3 to 5% of that is $90,000 to $150,000 to invest in gold and nothing else like stock and bonds so those numbers could be lower, say about half of that is invested into gold alone. How many ounces of gold does that get you? $45,000 in gold is only 16 ounces and I wouldn't call that stacking gold......and if the war in Ukraine ends.....
Imo, gold is way too high for most.
Leo
Currently most of the action driving the price of gold is happening outside of the US, US consumers/buyers/stackers are barely a blip on the radar currently.
Costco gold bar sell like Costco chicken. It only showed up for few days and gone. Many shoppers buy it just for the fun of it. That will add up for the gold sold.
If you buy gold bar from Costco you could get 4% rebates back that’s pretty good. Right now it sell for 2799.99. So 4% rebate you will get 112 back. That’s cheaper than current gold price.
@coinbuf said:
Currently most of the action driving the price of gold is happening outside of the US, US consumers/buyers/stackers are barely a blip on the radar currently.
Gold is going much higher over the next few years. It's under strong accumulation and there has been no frenzy to $2,700 like there was to $2,000 back in 2020 or $1,800 back in 2011 or even $800 back in 1980.
Some of us will be telling newcomers here in 2035 about the "good old days" when you could buy a double eagle for under $5,000.
@Mr Lindy said:
I am not adding to my gold, instead considering exit plan. Vladimir is hosting 30 countries in Russia right now, which get little press. The 30 BRICS I think its called, US Allies and not, photo ops. The goal seems to be to remove dollar from its reserve currency status according to Bloomberg, very little on CNBC. Gold is universal currency in the world, it avoids sanctions. Anyways, I think days of ounces equaling dates current or in past are history.
I thought this thread -- or at least the last few pages -- were more appropriate to a price thread in the Precious Metals section but whatever.
As for the BRICs....a collection of countries with little respect for private property rights, the rule of law, and free movement of capital. They may be buying gold, but as a matter of necessity not choice. Gold is going UP regardless of their movements (unless they all turn into net sellers which is EXTREMELY unlikely).
Those countries would have more success trying to repeal the Law of Gravity than remove the dollar as the reserve currency. Some of them were only there to keep cheap oil flowing from Russie (i.e., India).
The BRICs are a brick. An investment acronym created by Goldman Sachs 15 years ago, not any economic or trade or financial alliance with serious goals like the EU or G5 or G7.
@leothelyon said:
Just who is able to buy gold today at its growing price? Don't you need to be a multi-millionaire to be able to stack/invest in gold today? I'm guessing for the single-digit millionaires, those who are worth less than 10 million, would they be able to invest 3 to 5% of their worth into gold? For example, a guy worth 3 million, 3 to 5% of that is $90,000 to $150,000 to invest in gold and nothing else like stock and bonds so those numbers could be lower, say about half of that is invested into gold alone. How many ounces of gold does that get you? $45,000 in gold is only 16 ounces and I wouldn't call that stacking gold......and if the war in Ukraine ends.....
Imo, gold is way too high for most.
Leo
.
I would not automatically assume that if the war in Ukraine ended, that gold would go down in price.
An end to that war might benefit Russia and allow them (and their "BRICS" cohorts) to divert more capital in opposition to "western" interests.
Comments
I missed $2665
Here's how 2663 looks compared to silver & Pt & Pd.
Silver moved above 32 today. I made a mistake buying silver & platinum when I was also adding gold.
Hindsight 20/20 !
Slv huge volume today, we might see $40 silver by the end of the year.
$2673 as of 1:45pm CST. Still moving higher.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
I saw on the other gold thread that for futures the price hit $2700.
Got tired of waiting for $2700, so here's the $5 discount comparison with the 3 other metals which are far from their all time highs.
It will hit my target price $2800 by year end and 3K next year.
No more waiting for $2700. Surpassed that and sitting at $2714.50 now. Futures look even brighter at $2732 (and silver just shy of $33).
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Sweet !
I had to capture the close for today, Friday 10-18-2024. The other 3 metals made respectable gains too. All 4 on top line.
I had planned to rehome my better gold at $2300 but the biz channel kept pointing out several other countries are stockpiling gold.
Why argue with that ?
Somethings certainly up.
I still plan to part ways with the betters, and I am happy to still be in the game. I cashed out of my crappy annoying gold at 2k & bought some cool error coins. No regrets.
Ultimately, I'll archive precious items I care more for than cashing out due to their elevated metals values
The Carrs are safe
;^)
Enjoy The Ride !
GOLD
$2,721.75
(+28.84)
Where we sit for the weekend
The march higher continues this morning. Seeing $2734 ($2750 futures). Silver has topped $34.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
GOLD
$2,734.65
(+14.97)
Again at the end of the day as well.
Exciting times to be a gold (and silver) collector. Big BRICS meeting coming this week. Will the rumors of a 40% gold backed settlement currency come true?? Time will tell but that could be good news for gold. A couple dealers I work with are still saying $2800 could finally get people to start getting back into gold. Right now you don't hear much or see much about record highs.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
We reached $2745. Excellent news!!
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
I had not notice Canadian Ounce'rs are like $280 over spot. The power of the 4th .9999, better than The Buffalos.
Gold up 1% to 2,750.
Nice to see silver approaching $35.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
I nominate this for the most mis-named thread on CU.......
Yes, we need an updated title.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
At this point it just needs to be moved to the bullion forum.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Or we could post gold coins that cost us spot?
Give it time. Many here think gold will crash and we can start posting dates that match spot.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
It was correct when years represented gold spot.
Personally, I hope gold never drops back to match years in the past or current.
Off top of my head last image I posted back then, a year ago was a 2014 Gold Kennedy 3/4 oz 24k relic.
I played the game & I posted back then too when milestones met reality.
You got a year 2750 goldie in your treasure stash ?
I'm not a gold bug but from what I've been reading a crash seems very unlikely.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Just who is able to buy gold today at its growing price? Don't you need to be a multi-millionaire to be able to stack/invest in gold today? I'm guessing for the single-digit millionaires, those who are worth less than 10 million, would they be able to invest 3 to 5% of their worth into gold? For example, a guy worth 3 million, 3 to 5% of that is $90,000 to $150,000 to invest in gold and nothing else like stock and bonds so those numbers could be lower, say about half of that is invested into gold alone. How many ounces of gold does that get you? $45,000 in gold is only 16 ounces and I wouldn't call that stacking gold......and if the war in Ukraine ends.....
Imo, gold is way too high for most.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
I am not adding to my gold, instead considering exit plan. Vladimir is hosting 30 countries in Russia right now, which get little press. The 30 BRICS I think its called, US Allies and not, photo ops. The goal seems to be to remove dollar from its reserve currency status according to Bloomberg, very little on CNBC. Gold is universal currency in the world, it avoids sanctions. Anyways, I think days of ounces equaling dates current or in past are history.
But I have always loved this thread !!!
Anyways, are their other country gold production dates that relate to 2750 to 5000 ounce spot ? I've got some Turkish gold brockage errors whose date need to be deciphered but are in future from my US viewpoint.
You don't need any more money to buy gold today than you did 20 years ago. $1000 in gold is $1000 in gold.
We could switch to the Chinese or Hebrew calendar……
Currently most of the action driving the price of gold is happening outside of the US, US consumers/buyers/stackers are barely a blip on the radar currently.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Costco gold bar sell like Costco chicken. It only showed up for few days and gone. Many shoppers buy it just for the fun of it. That will add up for the gold sold.
If you buy gold bar from Costco you could get 4% rebates back that’s pretty good. Right now it sell for 2799.99. So 4% rebate you will get 112 back. That’s cheaper than current gold price.
GOLD $2,747.59 (+11.61)
For the weekend - staying power evident
Gold is going much higher over the next few years. It's under strong accumulation and there has been no frenzy to $2,700 like there was to $2,000 back in 2020 or $1,800 back in 2011 or even $800 back in 1980.
Some of us will be telling newcomers here in 2035 about the "good old days" when you could buy a double eagle for under $5,000.
I thought this thread -- or at least the last few pages -- were more appropriate to a price thread in the Precious Metals section but whatever.
As for the BRICs....a collection of countries with little respect for private property rights, the rule of law, and free movement of capital. They may be buying gold, but as a matter of necessity not choice. Gold is going UP regardless of their movements (unless they all turn into net sellers which is EXTREMELY unlikely).
Those countries would have more success trying to repeal the Law of Gravity than remove the dollar as the reserve currency.
Some of them were only there to keep cheap oil flowing from Russie (i.e., India).
The BRICs are a brick. An investment acronym created by Goldman Sachs 15 years ago, not any economic or trade or financial alliance with serious goals like the EU or G5 or G7.
And a day later still edging up:
GOLD
$2,753.29
(+10.95)
.
I would not automatically assume that if the war in Ukraine ended, that gold would go down in price.
An end to that war might benefit Russia and allow them (and their "BRICS" cohorts) to divert more capital in opposition to "western" interests.
.
all are waiting for 2800 to post? Both gold and bitcoin hit new high today. Is silver new high today?
Something's up.
Tradeable Actual Gold remains in strong hands & not cashing out. Silver 3/4 record high, Palladium 1/4 record high a couple years ago.
No stopping, another day later:
GOLD
$2,787.45
(+12.96)
Back to the eights!