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physical tightness in gold coin market?
jkrk
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Following the silver trend which has been in effect for awhile?
If Gold rallied to $2400 / this year... Would premiums on generic DE's fall or rise from today's level?
I'll take the other side.
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There are two silver markets, the high volume industrial commodity market which is what spot price correlates to, and the low volume consumer market, which is spot+premium. Gold isn’t the same.
Generic DE always a popular investment buy. I like MS63 or 64 pieces with good strike and luster, no spots / unattractive toning when shopping for these.
Thoughts as to premium on a nice looking generic Saint, MS-65+?
You are correct. I should have clarified that the gold premiums for consumer gold are much, much lower than silver when you look at it as a percentage per ounce. That’s because there isn’t as much of an industrial demand for gold vs silver.
Gold will likely continue to rise through this year.... a lot depends on the geo-economic situation. Premiums could increase nicely under certain circumstances. Cheers, RickO