Hopefully never. I'm still waiting for it to come back down to $200 so I can start working on a gold type set. To me it seems like such a waste when people buy circulation gold coins because of the melt value instead of the numismatic value (also I don't have enough to buy them at their current value lol)
Let's see.........the little hand is almost on 12........
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.
I think it is possible that we can see gold prices surge as much as $50 in one day in the coming week or so...
back in the 1979-80 gold "rush" there was a one day spike of $25, and with inflation that would mean a $50 spike is possible now.
gold traded overnight (as I write this) at about $842 so if you add that one $50 spike and then a couple of other strong days, then a price target of $1,000 is reachable within a week.
I think the momentum is there for a climb to $1,000 very, very soon.
One to two weeks is certainly possible. But I wouldn't bet on it. Frankly, I would rather see a slower, steady climb to $1,000 which would likely last longer. When you have price spikes, you can also have sharp downturns following.
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"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
greg
www.brunkauctions.com
When will Gold Break $1,000.00 Oz ?
American $ or Canadian $?
The difference could be months!
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back in the 1979-80 gold "rush" there was a one day spike of $25, and with inflation that would mean a $50 spike is possible now.
gold traded overnight (as I write this) at about $842 so if you add that one $50 spike and then a couple of other strong days, then a price target of $1,000 is reachable within a week.
I think the momentum is there for a climb to $1,000 very, very soon.
One to two weeks is certainly possible. But I wouldn't bet on it. Frankly, I would rather see a slower, steady climb to $1,000 which would likely last longer. When you have price spikes, you can also have sharp downturns following.
cheers, Alan Mendelson
www.BestDealsTVshow.com
www.AlanBestBuys.com
www.VegasBestBuys.com
<< <i> When you have price spikes, you can also have sharp downturns following.
>>
Buying opportunities?
<< <i>
<< <i> When you have price spikes, you can also have sharp downturns following.
>>
Buying opportunities? >>
Good morning, Mitch.
but my fear is of a spike that is so sharp, that the following sell off does not stop.
this is what happened in Jan 1980... we had the run up to 875, the sell off for a close at 850 and it took 27 years to get back to those levels.
a slow and steady "self adjusting" rally is healthier.
cheers, Alan Mendelson
www.BestDealsTVshow.com
www.AlanBestBuys.com
www.VegasBestBuys.com