Gold spiking in overseas trading Sunday night. $500 on Monday?

Weiss

coynclecter

yes, you will see gold over 500 on Monday.........and then all the "experts' claim they predicted iot months ago (even the ones who didn't)

Blackhawk

Silver is also gaining and has hit $8.25 oz.

tincup

Looks like a good chance of reaching the $500 mark. So.... what happens after that? Profit taking and a price drop..... or another race up to the next level, whatever that may be?

WTCG

Strangely enough, certified generic gold has been very soft lately. Even with the price of gold rising, prices for certified generic gold has been falling for the last few weeks.

Make your own conclusions on whether you think buying gold is a good deal right now.

roadrunner

Interesting comment on the generics since I can't find any dealers in the Northeast who are selling behind the market. In fact most are selling forward assuming gold breaking $500 will push prices further.

Please offer me your generic MS64 Liberty and Indian gold at "weak" sheet prices ($1, $5, $10, $20 Libs). Send me all the
PCGS $10's Indians and Libs you can muster. Doubt you'll find any quantity.

I would expect a further push in generic prices once $500 is broken.
Possibly not the Saints in 63 and 64, but everything else.

roadrunner

coynclecter

<< <i>Strangely enough, certified generic gold has been very soft lately. Even with the price of gold rising, prices for certified generic gold has been falling for the last few weeks. >>



They are buying in Japan, India, China

and they want gold, not an American collectable at 10X spot. Americans who buy/sell generic gold are starting to worry about thier adjustable equity lines. They are more likely to sell rather than buy.

AValde

Saints are useless despite having 90% gold - as an investment in the gold market. Better to hold bullion than Saints.

my3cents

what are my rolls of warnicks worth now?

FullStrike

I see Platinum has hit $1000.00

I want a nice $20 Liberty. What should I expect to pay for one of these in PCGS MS64? I see the PCGS guide lists the common 1900 - 1904 at $1750.00 . What should I be able to get one of these for?
If I turned around and sold it, what could I expect to get?

gemtone65

It's true that generics haven't moved with the price of bullion from $472.50 per ounce up to day's level nearing $500. But, generics did increase strongly as bullion rose from $440 to $472.50. Perhaps buyers of gold coins anticipated the latest move in bullion and previously drove the price of generics up to their current levels.

What happens to bullion and generics at this point is anyone's guess, including Laura's. But, absent knowing where bullion will go from here, the value of generics seem much more attractive now than they did when bullion was $30 per ounce lower.