The notion that gold is a “fuddy-duddy” investment no longer rings true, according to Milling-Stanley. State Street’s 2023 Gold ETF Impact Study found that millennials had greater portions of their portfolios allocated in gold than older generations.
The metal’s popularity among younger investors comes as bitcoin continues to attract assets from both millennials and Generation Z. A Policygenius survey published this week found that millennials were more likely to own bitcoin than any other generation, and Gen Z was more likely to own bitcoin than stocks, bonds or real estate.
But Milling-Stanley pushed back on the idea that gold and bitcoin are competing for assets across the board.
“Bitcoin may well be some competition for the people who want to take a tactical position in gold and just wait for the price to go up and sell. I think that bitcoin may well offer competition there,” he said. “But I don’t think that bitcoin really competes in terms of a long-term strategic allocation, and that’s where I think gold really comes into its own.”
Some bullion items can be bought at less than 1% over spot from major wholesalers. Austria 100Kr were just 1/10% over spot. Premiums are low if you want to buy into this strong market.
Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
A real good read, after a couple years.
Sold these ( and several more) in St Louis …. Even though I prefer long term hold on gold.
Bullion has it’s place. Numismatics just has a higher place, to me. Then again, I’m one who believes there is a correlation between collecting choice and intellect. Sorry to those who are insulted by this thinking.
Practice makes perfect & nobody is perfect. So, practice being nobody.
@TwoSides2aCoin said:
A real good read, after a couple years.
Sold these ( and several more) in St Louis …. Even though I prefer long term hold on gold.
Bullion has it’s place. Numismatics just has a higher place, to me. Then again, I’m one who believes there is a correlation between collecting choice and intellect. Sorry to those who are insulted by this thinking.
Lol. And, of course, you believe that YOUR choices indicate high intellect. Are you sure they don't indicate the opposite? Who decides what the "correct" choice is?
Here you go again.
Practice makes perfect & nobody is perfect. So, practice being nobody.
@TwoSides2aCoin said:
A real good read, after a couple years.
Sold these ( and several more) in St Louis …. Even though I prefer long term hold on gold.
Bullion has it’s place. Numismatics just has a higher place, to me. Then again, I’m one who believes there is a correlation between collecting choice and intellect. Sorry to those who are insulted by this thinking.
Lol. And, of course, you believe that YOUR choices indicate high intellect. Are you sure they don't indicate the opposite? Who decides what the "correct" choice is?
Here you go again.
Well, only because there you went again.
Good. Glad to get under your skin.
$2470
Try posting gold and getting along.
Practice makes perfect & nobody is perfect. So, practice being nobody.
This is a low pop coin. No need to guess the grade. It’s a problem coin in a PCGS holder. Still, few out there. If I weren’t a dealer, I’d still have it.
Practice makes perfect & nobody is perfect. So, practice being nobody.
Wow... I bought gold around the beginning of the year when it was ~$2150... MS65 Saint (spot + $100) and a 1910D Indian Eagle (MS62 in an OGH... probably overpaid)... glad I did!
.
Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;
Called up a couple of pawn shops/jewllers/coin dealers on yelp just for knowing what the market was like if one wanted to sell bullion and was quite shocked when told it is 90% of spot on one ounce gold bars with the best offer from an LCS for $60 lesser than spot price.
Listings on fleabay of course are not a yardstick for comparison but they sure are off the charts for physical gold listed on sale.
Anyways, adding my fave 2016 commemmorative in PF 69......
Comments
Got some, Boomers?
Bullion, bitcoin and boomers
The notion that gold is a “fuddy-duddy” investment no longer rings true, according to Milling-Stanley. State Street’s 2023 Gold ETF Impact Study found that millennials had greater portions of their portfolios allocated in gold than older generations.
The metal’s popularity among younger investors comes as bitcoin continues to attract assets from both millennials and Generation Z. A Policygenius survey published this week found that millennials were more likely to own bitcoin than any other generation, and Gen Z was more likely to own bitcoin than stocks, bonds or real estate.
But Milling-Stanley pushed back on the idea that gold and bitcoin are competing for assets across the board.
“Bitcoin may well be some competition for the people who want to take a tactical position in gold and just wait for the price to go up and sell. I think that bitcoin may well offer competition there,” he said. “But I don’t think that bitcoin really competes in terms of a long-term strategic allocation, and that’s where I think gold really comes into its own.”
Ripping higher this morning. Jun24 COMEX sitting at $2415.
Completed All CAC approved Classic Head $5 set https://www.pcgs.com/setregistry/mysetregistry/album/344241
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Some bullion items can be bought at less than 1% over spot from major wholesalers. Austria 100Kr were just 1/10% over spot. Premiums are low if you want to buy into this strong market.
My Costco gas 87 is 5.299 and 92 is 5.699 now. Every thing is price up.
GOLD
$2,391.10
(+8.22)
Still holding close to $2400
GOLD
$2,401.98
(+23.02)
OK, it is officially over $2,400 again.
Gold making another run at $2,400!
Philippians 4:4-7
Looks like we need to increase the target for the year for 2500.
I also hope silver can break 30 for the year.
Wow, silver break 30 today.
Awesome... I bought gold about 250 years ago...
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
GOLD
$2,414.69
(+37.76)
GOLD
$2,435.90
(+21.22)
A combined weekend jump of close to $60.00.
Just a friendly bump with an 1850 G$1 for gold having briefly breached the $2,480 mark today.....
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
Closing in on $2,400 + again:
GOLD
$2,392.12
(+5.01)
OK, officially there:
GOLD $2,407.09 (+23.48)
A real good read, after a couple years.
Sold these ( and several more) in St Louis …. Even though I prefer long term hold on gold.
Bullion has it’s place. Numismatics just has a higher place, to me. Then again, I’m one who believes there is a correlation between collecting choice and intellect. Sorry to those who are insulted by this thinking.
Practice makes perfect & nobody is perfect. So, practice being nobody.
Lafayette Grading Set
Holding over $2,400
GOLD
$2,418.73
(+7.72)
GOLD
$2,447.11
This thread started with gold at 1850 and now we are less than 3 dollars away from 2550. Nice upswing.
Here you go again.
Practice makes perfect & nobody is perfect. So, practice being nobody.
GOLD
$2,431.15
(+3.9)
Where we are for the weekend.
Good. Glad to get under your skin.
$2470
Try posting gold and getting along.
Practice makes perfect & nobody is perfect. So, practice being nobody.
Gold isn't getting much love lately. I saw several dealers selling bullion coins and Saints at or slightly below spot/melt.
Completed All CAC approved Classic Head $5 set https://www.pcgs.com/setregistry/mysetregistry/album/344241
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
This is a low pop coin. No need to guess the grade. It’s a problem coin in a PCGS holder. Still, few out there. If I weren’t a dealer, I’d still have it.
Practice makes perfect & nobody is perfect. So, practice being nobody.
Same story.
Practice makes perfect & nobody is perfect. So, practice being nobody.
I’m one of them. The dealers I sold to were loving it.
Practice makes perfect & nobody is perfect. So, practice being nobody.
Record high spot Gold. Sitting at $2508. Though I can't post a 2508 coin I can do a few 1908 coins
Completed All CAC approved Classic Head $5 set https://www.pcgs.com/setregistry/mysetregistry/album/344241
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Copy that (pun intended) with the 1933 in my possession
And perhaps an old repost of the 7070 page
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
GOLD
$2,507.99
(+51.25)
Nice jump to this weekend.
I think it will break 2800 for the year, possibly try to break 3000. Gold or bitcoin sounds like good investment.
GOLD
$2,522.10
(+17.82)
Even silver is making a run for $30 again.
Completed All CAC approved Classic Head $5 set https://www.pcgs.com/setregistry/mysetregistry/album/344241
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
"In The Year 2525..."
Wow... I bought gold around the beginning of the year when it was ~$2150... MS65 Saint (spot + $100) and a 1910D Indian Eagle (MS62 in an OGH... probably overpaid)... glad I did!
.
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
Called up a couple of pawn shops/jewllers/coin dealers on yelp just for knowing what the market was like if one wanted to sell bullion and was quite shocked when told it is 90% of spot on one ounce gold bars with the best offer from an LCS for $60 lesser than spot price.
Listings on fleabay of course are not a yardstick for comparison but they sure are off the charts for physical gold listed on sale.
Anyways, adding my fave 2016 commemmorative in PF 69......
** Edited to add picture
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
GOLD
$2,512.50
(+27.87)
After briefly testing the waters, gold prices return to surge above $2,500 again.
GOLD
$2,567.46
(+8.78)
Closing in on the end of the week.
Gold and slv up with good volumes today and yesterday. We should see more new highs for the year. Possibly 3k next year.
GOLD
$2,578.90
(+20.22)
For the weekend
GOLD $2,636.97 (+8.42)
Uptick
$2656 and climbing. Great to see this move.
Completed All CAC approved Classic Head $5 set https://www.pcgs.com/setregistry/mysetregistry/album/344241
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Last check of the day, $2665. Very good day for gold.
Completed All CAC approved Classic Head $5 set https://www.pcgs.com/setregistry/mysetregistry/album/344241
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572