@JimTyler said:
If you bought $1000 Bitcoin in 2009 you would have $103 BILLION (I saw that before the recent downturn) if humans can do that there’s plenty of room for humans to throw more $$$$$ at gold.
I think the value would be around $250million, still a huge gain.
I sold a 10.4 gram 14k ring Monday , got an offer of 450 for it and took the money. It was Cash offer I had shopped it about at a coin show found no interest and a local jeweler offered 370 but said he could do better if I traded it for silver.
the guy that bought the ring offered 265 for a 1/10th AGE but i did not sell . As far as the AGE he was selling a few recent examples for 340
much better pricing than last sundays show.
The AGE business bothered me, 340 is better than what you see online and better than the 360 I saw at the show last week but its still ridiculous . plus this guy charges sales tax which gets you to 360 anyway
government bullion premiums are all ridiculous. I mean I get the idea it costs money to mint a coin , but 50 dollars to strike 1 coin is nonsense.
If it costs 5 bucks to strike an ASE why does it cost more than $5 to strike an AGE ?
If you bought $1000 Bitcoin in 2009 you would have $103 BILLION (I saw that before the recent downturn) if humans can do that there’s plenty of room for humans to throw more $$$$$ at gold.
That is an excellent point. If bitcoin was at $3,000 right now - would you buy it? Bitcoiners might realize at some point that gold is a real physical asset and has a bunch of real advantages over bitcoin - possibly with the same potential for price appreciation that bitcoin had a few years ago.
Q: Are You Printing Money? Bernanke: Not Literally
I saw that but really can't use the first bitcoin transaction price ever recorded. The average trading price anyone could have purchased is generally considered around $0.30.
I'm selling half my gold at $3500. The rest later! I'm selling 1000 oz silver at 35 another 1000 at 40 and the rest at 60. Buying a farm with the gold and having fun with the silver! I have been acquiring all this since 2005! I am glad I listened to myself back then as I am in good position now. The folks in the stock market will be there when it crashes!
Comments
I’m holding out for $10,000. 😁
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 sold a 10.4 gram 14k ring Monday , got an offer of 450 for it and took the money. It was Cash offer I had shopped it about at a coin show found no interest and a local jeweler offered 370 but said he could do better if I traded it for silver.
the guy that bought the ring offered 265 for a 1/10th AGE but i did not sell . As far as the AGE he was selling a few recent examples for 340
much better pricing than last sundays show.
The AGE business bothered me, 340 is better than what you see online and better than the 360 I saw at the show last week but its still ridiculous . plus this guy charges sales tax which gets you to 360 anyway
government bullion premiums are all ridiculous. I mean I get the idea it costs money to mint a coin , but 50 dollars to strike 1 coin is nonsense.
If it costs 5 bucks to strike an ASE why does it cost more than $5 to strike an AGE ?
PPP loan scam
Just to be clear at the show 360 for 1/10 AGE tax free if you pay cash , at the store the same coin is 340 plus 20 tax regardless if you pay cash
the first guy is charging you the same 20 bucks but not sending it to the government just putting it in his pocket instead.
that is ok , the coin show is a good place to do parking lot deals and stick it to everyone
i refer to the parking lot as "the field of dreams"
If you bought $1000 Bitcoin in 2009 you would have $103 BILLION (I saw that before the recent downturn) if humans can do that there’s plenty of room for humans to throw more $$$$$ at gold.
That is an excellent point. If bitcoin was at $3,000 right now - would you buy it? Bitcoiners might realize at some point that gold is a real physical asset and has a bunch of real advantages over bitcoin - possibly with the same potential for price appreciation that bitcoin had a few years ago.
I knew it would happen.
Before selling at $3k, take a minute to ponder why others are buying at $3k. Not very long ago, some thought I was crazy to continue buying at $2k.
Nothing is as expensive as free money.
I saw that but really can't use the first bitcoin transaction price ever recorded. The average trading price anyone could have purchased is generally considered around $0.30.
I'm selling half my gold at $3500. The rest later! I'm selling 1000 oz silver at 35 another 1000 at 40 and the rest at 60. Buying a farm with the gold and having fun with the silver! I have been acquiring all this since 2005! I am glad I listened to myself back then as I am in good position now. The folks in the stock market will be there when it crashes!