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Gold is set to SURGE 300%!!
Aotearoa
Posts: 1,415 ✭✭✭✭✭
According to the ad in the WSJ. Please also note that the 1908 double eagle was minted only in 1908...
Smitten with DBLCs.
17
Aotearoa
Posts: 1,415 ✭✭✭✭✭
Aotearoa
Posts: 1,415 ✭✭✭✭✭
Comments
Good to know. There’s no truth like the truth in advertising!
Anyone who actually believed that would be buying, not selling.
Anyone who actually believed that would be buying, not selling.
Exactly right - if I knew something was about to triple in price, the last thing I would want to do is tell anybody about it. I'd be too busy buying up all I could.
Member ANA, SPMC, SCNA, FUN, CONECA
They spelled "receive" incorrectly.
LOL
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
Upsell pros.
That is not a cheap ad.
And I thought readers of the WSJ were smart (and I don’t mean Fredo smart)…
the 1908 No Motto coin WAS only minted in 1908.
peacockcoins
While not likely, anything is possible with fiat currency.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
But there was something in it for him.
Pete
gold now is $2044 so that is just a hair over melt .... the continued sales calls would be painful
But ....... they're "trusted experts".
Again?
Kidding aside, that's a good price
This does not look like an ad that should appear in the WSJ. I have a lot of doubt they are really selling even one morgan at less than wholesale. These ads are exceedingly expensive and not conducive to giving away valuable coins.
In fact these ads are so expensive that giving away 100 gold coins and 500 silver dollars is pretty cheap in comparison.
I wager a lot more "gold guides" go out than gold coins.
Loss leader ad. Note the limited quantities. It's just bait.
...but, but, there's a FREE GOLD GUIDE!!
Exactly. They want to get your contact information so they can pester you with sales calls. It's not worth it. Some will buy the one coin per household using their correct mailing address but give them a fake phone number.
Worry is the interest you pay on a debt you may not owe.
I put my order in today
Only??
I'm thinking once tshtf and the dollar is valued based on all the federal debt it could be much, much higher! And those stacking and holding lots of PM will be richer than Midas or Croesis!!!
They'll try to sell you MS/PR70 fractional "rare" gold later for inflated prices. Typical WSJ shills.
Except you still won't be able to buy bread
The 1909 was only made for 1 year too.
It is against the law to call people with whom you have no business relationship.
Not buying a coin from them because they are or claim to be "sold out" does not constitute a "business relationship". Surely no American company would openly flout US law or just send their business to India!
They're going to get tens of thousands of calls but they aren't going to send out nearly as many "gold guides".
Good catch,
My first thought was 'didnt they make a NM in 1907 ??'
It's all about what the people want...
They are $2400 in Good condition. If it’s too good to be true…..🤔😂
If the gold market were to find its real price, we would be much higher than we are now.
Those manipulating prices eventually get burned.
Not exactly, premiums are low right now and 1908 is the least desirable date, just 2 days ago I bought a common date in ms63 for $2000.
Founder- Peak Rarities
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My figure is based on the PCGS valuation….😉
Yet another ad trying to "predict" a surge in gold...
10-4,
My Instagram picturesErik
My registry sets
Weren’t the 1907’s also no motto?
A: The year they spend more on their library than their coin collection.
A numismatist is judged more on the content of their library than the content of their cabinet.
But not issued in 1908
Enquiring minds want to know why someone so confident that the price is about to surge is on the seller side of this....
I don’t care about making money, I just love to sell coins……..
A: The year they spend more on their library than their coin collection.
A numismatist is judged more on the content of their library than the content of their cabinet.
Nobody is manipulating gold or any other prices. The markets are too large.
It's very simple. It's called "turnover". No business, except ctferrorcoins, wants to sit on inventory for a couple years for it to go up. If I have an annual turnover of 10 and a 10% margin, I do 300% in 14 months. Same yield and lower risk.
300% ? Probably at the U.S. Mint.
Manipulating, price fixing .... Hyping .... Those buying the hype are the ones getting burned. See previous post.
This ad is deceptive and fraudulent and would probably run afoul of SEC regs if it referenced a stock....but for an asset class in general, it's not illegal. Slimy but not illegal.
My point is that the folks who put out this ad are a bit like some gold bugs who talk about coming hyperinflation, gold or BitCoin soaring, or banking or Fed money printing conspiracies. I see their websites all the time.
Didn't you literally just do that here?... https://forums.collectors.com/discussion/1098029/4-000-for-an-ms-65-common-saint#latest
Collector, occasional seller
It's okay when I do it. LOL.
To be fair, he's only calling for a 100% increase in MS65 prices based on a 50% increase in gold prices.
gold would actually go up over 300 percent in a hyperinflation type setting, which is a reality after what happened the past few years, just be glad your not young
I wonder how many (of the 100) double eagles actually sold at their price listed? Who would know if they told everyone that the allotment has already sold out to get them on a client list?
Speaking of "Someday I'll be right," is the Rosen Report still a thing?
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars
One shouldn't buy gold for a profit. If you're lucky you'll never make a profit. Gold is the only insurance against gambling leaders and a FED that gets rich printing money and increasing borrowing. Bankers have always run the economy and they have always found a way to bankrupt the people through debasement and inflation in the long run.
Don't worry about the bankers, no matter what happens they'll profit.
While everything including all prices are micromanaged by the government now days there are still fundamental forces pushing prices in one direction or another. Sometimes thing have to readjust. Gold should readjust to the $2700 level before the government stops it.
Silver, on the other hand, is in structural deficit at a time that demand is increasing geometrically.
My gold already surged 300%+. RGDS!
The whole worlds off its rocker, buy Gold™.
Mixed feelings. I would rather have gold going up than down since I own some but a dramatic rise means a dramatic fall somewhere else in the economy that probably is not very good for most of the population.
I do believe gold can rise to $3,000 by 2030 without it accompanying bad economic times.
It's only 7% a year....it's not the 1970's when it went up 20-fold in 8 years (40% a year for 8 years, conservatively).