@P0CKETCHANGE said:
Going to a coin show tomorrow. How much should I expect to pay for double eagles in 63/64, with spot at $2813 (as of the time of my post)?
I see a 63 Saint on the BST for ~$2800. That seems like a good price.
@Mizzou said:
It's really just common sense, don't make things more complicated than what they are.
Common sense tells me that no one has a crystal ball.
I do have a crystal ball, I can read minds and tell the future also. Let me give you a snapshot of the future...
Lermish thinking to himself in 2027
"I should have listened to Mizzou, he was right. HE WAS RIGHT ABOUT EVERYTHING!!!
It's really nice to have such a text book example of someone who is so uninformed that they can't even conceive of how uninformed they are. It's also good to know that the "I'm rubber, you're glue" method of insults is still in use.
You're just a ranting troll, so I'll quote myself.
Gold/silver ratio is around 90. Which means if you think gold is priced correct or will increase because of tariffs etc. then silver is very cheap. Normally silver has hovered between 40-60 to 1 in modern times.
So bulk silver coins or junk silver is a bargain historically. ASEs are cheap at your local coin/jewelry shops.
@fathom said:
Gold/silver ratio is around 90. Which means if you think gold is priced correct or will increase because of tariffs etc. then silver is very cheap. Normally silver has hovered between 40-60 to 1 in modern times.
So bulk silver coins or junk silver is a bargain historically. ASEs are cheap at your local coin/jewelry shops.
There.....does that satisfy the thread police?
When is the last time 60 worked? I looked: 2013. Interestingly, it was 100 in 1991.
@P0CKETCHANGE said:
Going to a coin show tomorrow. How much should I expect to pay for double eagles in 63/64, with spot at $2813 (as of the time of my post)?
I see a 63 Saint on the BST for ~$2800. That seems like a good price.
Gold is increasing in price? The only way to determine the real increase in the price of gold or silver is to compare it to the price of everything else that is also increasing in price and cost. What is the chart of gold vs eggs? Gold vs steak? Gold vs rent? Gold vs insurance premiums?
If gold is going up faster relative to your costs...SUPER. If not, we are all celebrating a destructive monetary system. Gold is the canary in the coal mine of a broken system. It is like we are cheering for whose canary dies the fastest.
@ARCO said:
Gold is increasing in price? The only way to determine the real increase in the price of gold or silver is to compare it to the price of everything else that is also increasing in price and cost. What is the chart of gold vs eggs? Gold vs steak? Gold vs rent? Gold vs insurance premiums?
If gold is going up faster relative to your costs...SUPER. If not, we are all celebrating a destructive monetary system. Gold is the canary in the coal mine of a broken system. It is like we are cheering for whose canary dies the fastest.
ARCO gets it, this is exactly what's been happening
Isn't there an old adage that states, the price of an ounce gold equals the cost of a fine tailored men's suit?
Or is it...this thread probably belongs on the precious metals' forum.
@ARCO said:
Gold is increasing in price? The only way to determine the real increase in the price of gold or silver is to compare it to the price of everything else that is also increasing in price and cost. What is the chart of gold vs eggs? Gold vs steak? Gold vs rent? Gold vs insurance premiums?
If gold is going up faster relative to your costs...SUPER. If not, we are all celebrating a destructive monetary system. Gold is the canary in the coal mine of a broken system. It is like we are cheering for whose canary dies the fastest.
ARCO gets it, this is exactly what's been happening
So your analysis (I'll keep it simple because you said it's not that complex) is that the economy will take off because of increased oil drilling which will somehow cause deflation which will make the dollar stronger which will lower the price of gold?
We've already established you haven't the slightest idea how an economy works so I'll make it even simpler for you. That is wrong. It can not happen. Here's a big word, sorry, I know how much those have bothered you in the past. You have described contradictory forces. One cannot be true if the other is.
Folks, when it comes to gold, ignore the dollar, the economy, monetary issues.....ultimately, it comes down to SUPPLY and DEMAND.
Right now, supply is constrained and very tight. Demand is increasing (though not as much as it would if there weren't Bitcoin and crypto). That means HIGHER prices down the line, no matter the money supply, inflation, the Dollar, etc.
India is where China was 20-25 years ago. They have doubled their gold consumption every 10-12 years since 1947. It's up to about 800 tons a year. That's just one large country.
Unless new super-rich mines are found and developed cost-efficiently....or central banks become net sellers....demand is going to be really interesting in the early-2030's.
@P0CKETCHANGE said:
Going to a coin show tomorrow. How much should I expect to pay for double eagles in 63/64, with spot at $2813 (as of the time of my post)?
~$2800 RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Goldfinger 1969,
Gold and the U.S. dollar are considered to have an inverse relationship, meaning that the price of gold tends to be stronger when the dollar is weak and vice versa. This is partly because gold is priced in U.S. dollars on global markets, so changes to the dollar can impact gold's price.
@Mizzou said:
Goldfinger 1969,
Gold and the U.S. dollar are considered to have an inverse relationship, meaning that the price of gold tends to be stronger when the dollar is weak and vice versa. This is partly because gold is priced in U.S. dollars on global markets, so changes to the dollar can impact gold's price.
@GoldFinger1969 is a real market analyst. He knows more than you can conceive of and is unimpressed with your Google search results.
Your copy and paste is unimpressive. I'm sure you got it from AI but it's from here.
That's why you think everything is so simple. You really have no idea what you're talking about. Like many of the talking heads and news organizations, you have confused cause with effect.
@Mizzou said:
Goldfinger 1969,
Gold and the U.S. dollar are considered to have an inverse relationship, meaning that the price of gold tends to be stronger when the dollar is weak and vice versa. This is partly because gold is priced in U.S. dollars on global markets, so changes to the dollar can impact gold's price.
Yes, it's well known. And when something is THAT well known, be careful.
There are times when gold and the dollar diverge over the short- and long-runs. Other times, they track. We've only had freely-floating gold and exchange rates for 50 years. That's not a long time economically.
The dollar has had a very long period of strength and outperformance. But gold has done well the last decade. You have to ask WHY the dollar might fall and how that impacts gold, not IF it will fall.
If the dollar falls because the Fed eases and/or other CB's are hiking....or if flows are coming into our bond or stock markets because U.S. assets (i.e., The Mag 7) are in demand (no trillion-dollar market caps in ALL of Europe !!)...that can impact the demand for the dollar.
Our bond and money markets are the ONLY ones on Earth that can handle the flows for all CBs, SWFs, institutions, super-rich, etc. That's why this BRICs talk is nonsense.
Comments
The Mysterious Egyptian Magic Coin
Coins in Movies
Coins on Television
I see a 63 Saint on the BST for ~$2800. That seems like a good price.
It's really nice to have such a text book example of someone who is so uninformed that they can't even conceive of how uninformed they are. It's also good to know that the "I'm rubber, you're glue" method of insults is still in use.
You're just a ranting troll, so I'll quote myself.
But you won't.
Gold/silver ratio is around 90. Which means if you think gold is priced correct or will increase because of tariffs etc. then silver is very cheap. Normally silver has hovered between 40-60 to 1 in modern times.
So bulk silver coins or junk silver is a bargain historically. ASEs are cheap at your local coin/jewelry shops.
There.....does that satisfy the thread police?
When is the last time 60 worked? I looked: 2013. Interestingly, it was 100 in 1991.
Photo of 1.6M wheats. ⇊ 9 big trash cans. Good luck with your haul bud...
.
Source ⇊
https://forums.collectors.com/discussion/819143/my-wheat-cents-hoard/p1
$100+ over melt. Pretty normal in recent years.
Lermish you sound like a mean spirited individual. I had to put you on my "Ignore" list until you learn how to be nice.
How will you know when he’s “learned”, if you cannot see his posts?
Nothing is as expensive as free money.
He didn't put him on ignore. He wouldn't get any pleasure out of aggravating him if he did that.
I will miss giving him a hard time but he's like a junkyard dog, always angry.
Usually the only words I hear are "Are you buying?"😀🍺🍺🍺
Gold is increasing in price? The only way to determine the real increase in the price of gold or silver is to compare it to the price of everything else that is also increasing in price and cost. What is the chart of gold vs eggs? Gold vs steak? Gold vs rent? Gold vs insurance premiums?
If gold is going up faster relative to your costs...SUPER. If not, we are all celebrating a destructive monetary system. Gold is the canary in the coal mine of a broken system. It is like we are cheering for whose canary dies the fastest.
ARCO gets it, this is exactly what's been happening
Isn't there an old adage that states, the price of an ounce gold equals the cost of a fine tailored men's suit?
Or is it...this thread probably belongs on the precious metals' forum.
So your analysis (I'll keep it simple because you said it's not that complex) is that the economy will take off because of increased oil drilling which will somehow cause deflation which will make the dollar stronger which will lower the price of gold?
We've already established you haven't the slightest idea how an economy works so I'll make it even simpler for you. That is wrong. It can not happen. Here's a big word, sorry, I know how much those have bothered you in the past. You have described contradictory forces. One cannot be true if the other is.
phooey on the hunt bros.
Folks, when it comes to gold, ignore the dollar, the economy, monetary issues.....ultimately, it comes down to SUPPLY and DEMAND.
Right now, supply is constrained and very tight. Demand is increasing (though not as much as it would if there weren't Bitcoin and crypto). That means HIGHER prices down the line, no matter the money supply, inflation, the Dollar, etc.
India is where China was 20-25 years ago. They have doubled their gold consumption every 10-12 years since 1947. It's up to about 800 tons a year. That's just one large country.
Unless new super-rich mines are found and developed cost-efficiently....or central banks become net sellers....demand is going to be really interesting in the early-2030's.
~$2800 RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Goldfinger 1969,
Gold and the U.S. dollar are considered to have an inverse relationship, meaning that the price of gold tends to be stronger when the dollar is weak and vice versa. This is partly because gold is priced in U.S. dollars on global markets, so changes to the dollar can impact gold's price.
@GoldFinger1969 is a real market analyst. He knows more than you can conceive of and is unimpressed with your Google search results.
Your copy and paste is unimpressive. I'm sure you got it from AI but it's from here.
https://www.cbsnews.com/news/what-is-golds-relationship-to-the-u-s-dollar/
That's why you think everything is so simple. You really have no idea what you're talking about. Like many of the talking heads and news organizations, you have confused cause with effect.
Here is Gold vs the USD over the last 5 years.
Yes, it's well known. And when something is THAT well known, be careful.
There are times when gold and the dollar diverge over the short- and long-runs. Other times, they track. We've only had freely-floating gold and exchange rates for 50 years. That's not a long time economically.
The dollar has had a very long period of strength and outperformance. But gold has done well the last decade. You have to ask WHY the dollar might fall and how that impacts gold, not IF it will fall.
If the dollar falls because the Fed eases and/or other CB's are hiking....or if flows are coming into our bond or stock markets because U.S. assets (i.e., The Mag 7) are in demand (no trillion-dollar market caps in ALL of Europe !!)...that can impact the demand for the dollar.
Our bond and money markets are the ONLY ones on Earth that can handle the flows for all CBs, SWFs, institutions, super-rich, etc. That's why this BRICs talk is nonsense.
Not free! Still have to buy the vehicle, some maintenance, tires, etc. License from the state, insurance.