1/4/21 Price of gold - $1960.60
Mizzou
Posts: 507 ✭✭✭✭
Today $1740.90 -
And that's why you don't buy gold coins when there's a feeding frenzy
Sometimes I think that animals are smarter than humans, animals would never allow the dumbest one to lead the pack
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Don't buy gold at all, buy gold futures! /s
Don't buy gold, buy. crypto!
Well there was a feeding frenzy when it hit 1k and that turned out pretty well for most. 😈
It sure did, I was selling at the time
Sometimes I think that animals are smarter than humans, animals would never allow the dumbest one to lead the pack
I wish it would drop more so I could buy more.
TurtleCat Gold Dollars
Anecdotal. If you buy it when no one wants it, it can also keep dropping. If you buy it during a frenzy, it can also keep going up. You can take any two random dates and prove anything you want. It was in the 16s last week, so I can make $1740 look like a giant rally.
I wouldn't call it anecdotal when the price was $1960.60 on 1/4/21 and $1740.90 today, that would be a fact.
(Anecdotal is more of an opinion)
Sometimes I think that animals are smarter than humans, animals would never allow the dumbest one to lead the pack
I’m glad I didn’t buy in January, but I am itching to add some coins. The problem right now is supply and demand. You can’t get a gold eagle for $60 over spot like you used to. I can wait longer.
paper gold prices don't mean much, selling generic modern gold coins for 2,000/ounce
Anecdotal just means its a personal account. You picked two dates that mean nothing but that illustrate a point.
Gold was $1509 on 3/16/2020 and is $1730 on 3/16/2021.
It pays to buy gold when there's a feeding frenzy!!!!
From the PM forum
I expect "boomer-bucks" (gold) to go down because digit-dollars are grabbing headlines.
Any bitcoin crisis would take gold over 2K but I don't expect that to happen in the foreseeable future.
My Saint Set
Agree, except even though gold has come off the highs, premiums on pre-1933 gold have increased. Actual price of a gold pre-1933 quarter eagle is higher now than when gold was over $2000.
If you had have been buying pre-1933 gold on January 4th, you'd still be ahead today. Price of many of the old classic American gold has seriously decoupled from bullion price.
I know. I think some of it is the dealers bought when it was high and are reluctant to sell closer to what it should be at right now. I’m patient, I can wait it out.
TurtleCat Gold Dollars
I was picking up EF/AU... even some slabbed... for literally a couple dollars over spot when gold was $1100 all the way up to over $1400. I don't buy much modern stuff so I can't speak to the price on those. It may be a while before we see prices anywhere near that close to spot again.
Sounds like I hit a nerve...How much did you invest in gold around the first of the year?
Sometimes I think that animals are smarter than humans, animals would never allow the dumbest one to lead the pack
LOL. Not a cent. I'm not a gold bug. I did buy April futures last week when gold was at $1720 that pay at $1770, if you really want to know my book. I have 10 ounces, effectively, and couldn't lose more than $300 even if gold went to zero.
The fact is, gold is up more than $200 in the last 12 months. You can pick two dates to show it going up. You can pick two dates to show it is going down (as you did). But any conclusion you draw based on those two arbitrary dates isn't worth the electrons used to write it.
It is what it is!
Gold is money. Gold will never be worth nothing.
Cheers, RickO
An observation of the last two "run-ups" of gold... the nicer material becomes available as the price point increases. On the backslide of the "run-up", and as the prices begin to fall, there are still pre-33 bullion pieces available but the nicer problem-free examples become fewer and further away. It seems to be this way regardless of whether or not the coin is slabbed.
Anyway... I think it's going to be a long time before I see the deal I kick myself for passing up at the B-W Expo (Nov 2018)... an MS63 Saint for $1275... d'oh!!
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David Hall posted a video when pre 1933 gold was trading at spot saying it was like free money to buy it. I remeber watching it being a bit taken aback that he was so certain and didnt hedge his advice to buy. He was right. Not only did gold rise but the premium for those coins rose too.
The pre 1933 is still going up, except for my double eagle
I only invest in rare coins, wait didn't I hear one shouldn't do that, oh well I do and love it