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What's driving the generic gold coin boom?

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  • 1. India
    2. China

    As far as the premium paid on $20 and $10 gold it is more of people looking for a reason to buy at these levels and they let their emotions over come common sense.
  • derrybderryb Posts: 37,612 ✭✭✭✭✭


    << <i>I swapped out all my generic gold for pure bullion. I got more gold and the generic gold market is a promoter's will-o-the-wisp.
    Speculative gold should be in bullion coins.
    Libs, Saints, etc. belong as a "onesie" in your collection.
    The LIQUIDITY is in bullion coins. Generics can and will turn on a dime and their desirability (price) will "swap ends" every time the bullion hiccups.
    Spreads are higher and telemarketers love em. >>



    image

    Me too!

    No Way Out: Stimulus and Money Printing Are the Only Path Left

  • EdscoinEdscoin Posts: 2,028 ✭✭✭
    What's driving the generic gold coin boom?
    I would think Its our Over Spending out of control crazy Government!
    ED
    .....................................................
  • MikeInFLMikeInFL Posts: 10,188 ✭✭✭✭


    << <i>A few weeks ago we read reports that the market for generic gold coins was very, very slow. Now we read that they are very hot once again. What has changed to cause this turnaround? >>



    Promotions by a couple of big names.
    Collector of Large Cents, US Type, and modern pocket change.

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