@CaptHenway said:
Time to repurpose this thread to include South Korean Coinage.
Almost there..........
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Author of "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
@CaptHenway said:
Time to repurpose this thread to include South Korean Coinage.
Almost there..........
Bingo!
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Author of "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
In hindsight I cashed out of annoying gold that bugged me for various reasons at 2k gold and then bought me some error coin goodies I was over the moon to pay off & own. Now I see that 4k down from 4.3k is not enough to part with items I care more about. Not that these trinkets are rare, I just like them.
I think silver will go higher because I don't see any panic buying. Many flippers are still trying to buy silver cheap so they can flip it right away. When the market top we should see panic buying but not right now.
Back in August, when I posted this news, I said the silver price would be higher. Now US already declared silver critical to national security. China has also locked down silver exports with higher requirements. Guys, this time it is not Hunt's brother pushing the price; it is two superpowers behind it. We will see 75 next year and possibly see 100. So far, there is no big line at the dealers' shop to sell, which tells you people are still holding their silverware or silver coins.
Silver is not just a commodity product anymore but strategic asset critical to national security so that's a bid difference. This change will affect silver price for years to come.
Back in August, when I posted this news, I said the silver price would be higher. Now US already declared silver critical to national security. China has also locked down silver exports with higher requirements. Guys, this time it is not Hunt's brother pushing the price; it is two superpowers behind it. We will see 75 next year and possibly see 100. So far, there is no big line at the dealers' shop to sell, which tells you people are still holding their silverware or silver coins.
I don't know where you are, but the local shops here are doing huge volume on scrap and silver coin. They are buying more than they sell.
All comments reflect the opinion of the author, even when irrefutably accurate.
I bought from sb and eBay few years back above melt. I know I overpaid but now it is in green. My friend bought a bag (1000 pieces) of Morgan from eBay during covid at about 30 per coin. It was overpaid at the time but now is in green. So as long as you buy at the right direction you will be ok.
Looks like it might hit my target price of 4800 this week. We might need to adjust the target price for this year to 5300. When the price is high, people will buy it because they are afraid of missing out on something fun. How many funds owned gold before? Probably not many, so if funds start to buy some gold because the price is high, that will push the gold price much higher. Funds will not just buy one oz but many ozs.
These PM prices are insane. We are overdue for a major correction (collapse) in PM prices IMHO.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Both 5k and 100 might come at around the same time. Many people think that’s the correction will happen. However I think we might see 6k and 150 by year end.
Holding off on cashing out of silver and gold till after end of January due to an avalanche of paper silver contracts coming due. I have seen some mind boggling $300 oz predictions by end of 2026. Theres so much paper promises silver sold in USA market whose contracts are coming due in 9 days. And then after that too...
In meantime I inherited some gold and a lot of silver jewelry and costume. Been dragging a magnet over everything pulled from little boxes. We look for marks & return to box. That's the first stuff I'll move once refineries are accepting silver rings & chains. May trade for their inhouse rounds or ASE & 24K Buffalo if I think metals have much more room to run.
Called me crazy, I just bought 40 oz from SB today at 118% X $96.49 per oz plus shipping. However, it looks like a lot of people were bidding. I was outbid on other 18 lots.
Today's gold action is OK but silver is not good because the volume is huge and price reversed down. However, right now the price is up, so tomorrow is very important for both gold and silver. If both can close in green, then we should see 5200 and 130 in no time.
6k for gold in 2026 is very possible. Dollar index hit one year low at 95.95 today. Right now at 96.05. Many funds started adding gold in their portfolio.
Comments
There sure were a lot of people saying "Don't buy, it's too high" back at spot $3,000
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Almost there..........
Breakthrough!
Refiners can't keep up with demand. Nobody can stop this train for now.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Bingo!
How much of this is because of the demand for gold in China?
Throw a coin enough times, and suppose one day it lands on its edge.
In hindsight I cashed out of annoying gold that bugged me for various reasons at 2k gold and then bought me some error coin goodies I was over the moon to pay off & own. Now I see that 4k down from 4.3k is not enough to part with items I care more about. Not that these trinkets are rare, I just like them.
GOLD
$4,092.17
(+91.09)
Gold today.
Largest single jump?
I still stick to my price target of gold 4800 and silver 60 next year. BTW, China is still buying gold on October.
China reported largest gold discovery in more than seven decades. I think that’s why gold dropped big today.
Silver hit my price target $60 today. We will see gold 4800 next year. how high will be silver next year? Maybe 100?
I think silver will go higher because I don't see any panic buying. Many flippers are still trying to buy silver cheap so they can flip it right away. When the market top we should see panic buying but not right now.
Back in August, when I posted this news, I said the silver price would be higher. Now US already declared silver critical to national security. China has also locked down silver exports with higher requirements. Guys, this time it is not Hunt's brother pushing the price; it is two superpowers behind it. We will see 75 next year and possibly see 100. So far, there is no big line at the dealers' shop to sell, which tells you people are still holding their silverware or silver coins.
Silver is not just a commodity product anymore but strategic asset critical to national security so that's a bid difference. This change will affect silver price for years to come.
And just a month and a week later:
GOLD
$4,322.17
(+19.71)
I don't know where you are, but the local shops here are doing huge volume on scrap and silver coin. They are buying more than they sell.
All comments reflect the opinion of the author, even when irrefutably accurate.
silver might reach $75 by year end sooner then most people think. it is only $9 difference as of today price. We shall see what will happen.
I bought my first silver at four dollars an ounce. Anybody else?!
.
I still have a JM 10-oz silver bar that I bought for $48 ($4.80 per ounce).
I also remember getting some 90% silver coin at 2.5 times face value.
.
I bought from sb and eBay few years back above melt. I know I overpaid but now it is in green. My friend bought a bag (1000 pieces) of Morgan from eBay during covid at about 30 per coin. It was overpaid at the time but now is in green. So as long as you buy at the right direction you will be ok.
GOLD $4,534.03 (+54.72)
Up Up and Away this morning with a new high?
Gold has a hard time to stay above 4500. It has tried two times but all failed. Maybe third time is a charm.
GOLD
$4,667.60
(+71.25)
A new high today?
kitco shows session high of 4683
We will see 4800 in March and 5k this year. The hottest play is silver, we will see 150 to 200 this year.
GOLD
$4,730.15
(+59.58)
Another new high today?
Why not!?!
Looks like it might hit my target price of 4800 this week. We might need to adjust the target price for this year to 5300. When the price is high, people will buy it because they are afraid of missing out on something fun. How many funds owned gold before? Probably not many, so if funds start to buy some gold because the price is high, that will push the gold price much higher. Funds will not just buy one oz but many ozs.
WOW, It showed 4833 now.
kitco session high 4842.90
All I can say is WOW. we might see 5k sooner than 100 silver.
GOLD
$4,860.65
(+97.27
another day, another high
These PM prices are insane. We are overdue for a major correction (collapse) in PM prices IMHO.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Both 5k and 100 might come at around the same time. Many people think that’s the correction will happen. However I think we might see 6k and 150 by year end.
Holding off on cashing out of silver and gold till after end of January due to an avalanche of paper silver contracts coming due. I have seen some mind boggling $300 oz predictions by end of 2026. Theres so much paper promises silver sold in USA market whose contracts are coming due in 9 days. And then after that too...
In meantime I inherited some gold and a lot of silver jewelry and costume. Been dragging a magnet over everything pulled from little boxes. We look for marks & return to box. That's the first stuff I'll move once refineries are accepting silver rings & chains. May trade for their inhouse rounds or ASE & 24K Buffalo if I think metals have much more room to run.
Gold now at $4951 & Silver $98.76
Zoom Zoom
Called me crazy, I just bought 40 oz from SB today at 118% X $96.49 per oz plus shipping. However, it looks like a lot of people were bidding. I was outbid on other 18 lots.
Today's New High?
GOLD
$4,957.89
(+22.18)
Will we see $5,000 sooner than later?
Maybe later today.
Throw a coin enough times, and suppose one day it lands on its edge.
GOLD $4,987.49 (+51.78)
Today - Almost there.
GOLD
$5,071.80
(+84.32)
Arrived! And then some more.
GOLD
$5,092.88
(+105.39
And continuing to move upward with new highs.
Today's gold action is OK but silver is not good because the volume is huge and price reversed down. However, right now the price is up, so tomorrow is very important for both gold and silver. If both can close in green, then we should see 5200 and 130 in no time.
Gold is over 5200 now next is silver for 130 next month
$5,232 five minutes ago.
The USA market closes and Asia tomorrow is awake & transacting
asia wakes up and hits the button at 8pm our time. i think 9 for clock movement
It showed 5236.32 for gold and 115.24 for silver right now.
6k for gold in 2026 is very possible. Dollar index hit one year low at 95.95 today. Right now at 96.05. Many funds started adding gold in their portfolio.
GOLD
$5,263.43
(+84.54
And still climbing.
GOLD
$5,292.25
(+113.36)
Remember when it took 3 years for Gold to increase by $300 instead of 3 days?
Gold $5,590 & Silver $119.18 a few minutes ago, not futures, Now.