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Gold over $380

northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭
in U.S. Coin Forum
It seems price of gold has been teasing 380 for sometime. Now that it is over do we have one of those "break-outs" that will soar up to the 400 that most gold bugs have promised we'd see before the end of this year?

Comments

  • LAWMANLAWMAN Posts: 1,274 ✭✭
    Sure hope so.
    DSW
  • northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭
    ttt
  • fountainheadgoldfountainheadgold Posts: 2,467 ✭
    Gold is poised to break $400.00. but $405.00 is the next important level to close above
    Michael
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    It is decidedly bullish that gold has been able to linger as long as it has in the $375-$390 range over the past few weeks. Several attempts to drive it down has been less than successful. The longer it hangs in there, eventually a breakout will occur. Once the "mind barrier" of $400 gets broken, it will be very bullish. Gold is like moderns. Everyone bashes it, but strong gold prices is very bullish for US Coins in general. Go figure.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • wallstreetmanwallstreetman Posts: 2,938 ✭
    Its at resistance of $395, if it breaks this the skys the limit!
    You can fool man but you can't fool God! He knows why you do what you do!
  • nwcsnwcs Posts: 13,386 ✭✭✭
    I would love for gold to cross $415. I'd sell all of mine and buy a nice car.
    Blog and Pics
  • northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭
    edited August 28, 2017 1:58PM

    Well its not at $380 now but after a significant hiatus we are seeing gold above $1300 once again after being in the $1200s for a significant period of time.

    Curious if nwcs got that new car in the 14 years since his 2003 post, the last one here on this thread before today's update.

    :)

    Market Metric Gold
    Gold
    $1,311.90 (+20.40)
    08-28 4:08 PM EDT

  • jwittenjwitten Posts: 5,222 ✭✭✭✭✭

    Man, to have $400 gold again!

  • TommyTypeTommyType Posts: 4,586 ✭✭✭✭✭

    LOL...that's a blast from the past! It was in that timeframe that I bought my "20th century gold" type coins, (of which I'm still 2 coins short). Kind of wish I had invested a bit more! At least completed the set...and bought a few pounds of bullion!! ;)

    Easily distracted Type Collector
  • SeattleSlammerSeattleSlammer Posts: 10,047 ✭✭✭✭✭

    I think I still had a mullet in 2003.

  • SeattleSlammerSeattleSlammer Posts: 10,047 ✭✭✭✭✭

    @jwitten said:
    Man, to have $400 gold again!

    ....and to know what we know now...

  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭

    Blast from our past......

    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • gtstanggtstang Posts: 1,773 ✭✭✭✭✭

    I made a bad decision back in 1999, was either going to buy a new Mustang or gold. Lol, I do still have the Mustang though. Pushing 212,000 miles now.

  • CascadeChrisCascadeChris Posts: 2,526 ✭✭✭✭✭

    Bwahaha. Thems the days!

    The more you VAM..
  • OverdateOverdate Posts: 7,143 ✭✭✭✭✭

    @northcoin said:
    Well its not at $380 now but after a significant hiatus we are seeing gold above $1300 once again after being in the $1200s for a significant period of time.

    Curious if nwcs got that new car in the 14 years since his 2003 post, the last one here on this thread before today's update.

    Thank you for the update. I haven't checked the price of gold since 2003 and am shocked to see that it has more than tripled!

    My Adolph A. Weinman signature :)

  • northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭
    edited August 29, 2017 1:30AM

    Maybe we are seeing another one of those breakouts that were being referenced in the 2003 posts. Just from yesterday's $20 leap to $1311.90, another $15 is already added:

    Market Metric Gold
    Gold
    $1,326.00 (+15.50)
    08-29 4:24 AM EDT

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I purchased a lot of gold back in those days and before.... :):) Cheers, RickO

  • 1630Boston1630Boston Posts: 14,111 ✭✭✭✭✭

    I woulda, shoulda, coulda :smile:
    But could not have bought a lot at that time :smile:

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko

    Bad transactions with : nobody to date

  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭

    Perspective....this thread has it. :)

  • BillJonesBillJones Posts: 34,668 ✭✭✭✭✭

    It might be wistful to dream of $380 gold, but that would probably involve a meltdown of the coin market that would do a lot of financial damage to many of us.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • OverdateOverdate Posts: 7,143 ✭✭✭✭✭
    edited August 29, 2017 9:16AM

    Let's revisit this thread in 2031 and discuss how we wish we had bought more gold at $1300.

    My Adolph A. Weinman signature :)

  • stevebensteveben Posts: 4,628 ✭✭✭✭✭

    i remembering thinking $300 was too high.

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    265 here :)

    But that was for 20 Libs. :'(:'(:D

  • tommy44tommy44 Posts: 2,312 ✭✭✭✭✭
    edited August 29, 2017 12:30PM

    @ricko said:
    I purchased a lot of gold back in those days and before.... :):) Cheers, RickO

    Me too! Still have most of it in one form or another.

    I remember buying British Sovereigns in the late 60s or early 70s for $10.05 and arguing over the extra five cents!

    it's crackers to slip a rozzer the dropsy in snide

  • tommy44tommy44 Posts: 2,312 ✭✭✭✭✭

    @topstuf said:
    265 here :)

    But that was for 20 Libs. :'(:'(:D

    Read it to fast and thought you said 20 Lbs, now that really would have been a deal.

    it's crackers to slip a rozzer the dropsy in snide

  • UnknownUnknown
    This content has been removed.
  • robkoolrobkool Posts: 5,934 ✭✭✭✭✭

    I don't think we will ever see those prices again...

    Ebay items for sale Current BIN's / The Kingdom Collection
  • metalmeistermetalmeister Posts: 4,594 ✭✭✭✭✭

    Should have bet the Farm at $270 Gold.

    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    @jwitten said:
    Man, to have $400 gold again!

    The same debates on whether it was overpriced would continue.

  • northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭

    A week later and there is continuing upward movement.

    Gold
    $1,340.40 (+1.20)
    09-06 5:10 AM EDT

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I doubt it is going to continue... once the NK issue goes away...and the dollar is strong... it will revert... Seems very stable when around $1200 generally.... Cheers, RickO

  • DMWJRDMWJR Posts: 6,020 ✭✭✭✭✭

    I sold at around $650 thinking no way it would go higher ...

    Doug
  • Manfred1Manfred1 Posts: 59 ✭✭

    @Overdate said:
    Let's revisit this thread in 2031 and discuss how we wish we had bought more gold at $1300.

    You left the sulking part out ..... :D

  • northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭

    @ricko said:
    I doubt it is going to continue... once the NK issue goes away...and the dollar is strong... it will revert... Seems very stable when around $1200 generally.... Cheers, RickO

    At least for the present looks like around $1350 could be the new normal. :)

    Gold
    $1,344.60 (+10.40)
    09-07 1:16 PM EDT

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Yep... until the weather issues and NK calm down... $1350-$1400 may be range for a while.... That and the dollar.... Cheers, RickO

  • northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭

    @ricko said:
    Yep... until the weather issues and NK calm down... $1350-$1400 may be range for a while.... That and the dollar.... Cheers, RickO

    Looks like you are already right about gold getting into the $1350-$1400 range. Once you posted it popped up there. :)

    Gold
    $1,356.40 (+7.10)
    09-08 1:13 AM EDT

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @northcoin ....I must have connections - somewhere.... now where did I put them.... :D:D Cheers, RickO

  • csdotcsdot Posts: 705 ✭✭✭✭
    edited September 9, 2017 7:17AM

    I remember this. The low gold and silver prices were what reignited my coin collecting bug. Like many here, I collected coins as a child. For me, it was an opportunity to spend time with my grandparents in the 1970s and early 1980s. That was when gold hit $800 and silver hit $50.

    Fast forward to the 2000s, after law school, a family, house, and a little discretionary income, and I decided I could afford to collect those US gold coins I only read about when I was a young collector. Glad I did!

    Indian Head $10 Gold Date Set Album

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