Generic Gold Premiums
tyler267
Posts: 1,305 ✭✭✭✭
I have not seen a post about the low premium to melt for US Generic Gold in a while. Have the premiums stabilized, and are European banks still flooding the market with US generic gold?
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Market is still flooded. Great time to trade off generic bullion into numismatic US $10's and $20's.
edit to add
That is if you believe premiums are coming back. I for one do, might take a few years, but its a long term hold either way.
Except for extremely high grades and rarities, I think most 20th century and late 19th century gold will remain dead. If you are looking to pick-up a few cheap examples for a type set, now would be the time to do it as there isn’t much risk (unless gold completely tanks).
Also, inflation has recently exceeded the Fed’s 2% target. Rising wages, the recent tax cuts, and repatriation of funds previously overseas under the recent tax reform laws suggests that inflation may increase quickly. Historically, gold prices tend to increase during periods of high inflation.
There are some attractive offerings on generic gold, so some judicious stacking can be done.... One of the economic vapor heads is forecasting a gold crash... I seriously doubt that.... I do not see gold moving much either way in the near future.... Cheers, RickO
Any dates of the "Market flooded" gold comes to mind?
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