Time to get into gold (and coins) again ??

Comments

• questor54 Posts: 1,351 ✭

  March 18, 2011 11:26PM

  Why not put together a set of PCGS 69 modern gold commemoratives (including First Spouse), MS and Proof, as close to melt as possible. A coin and bullion play, many are available not much over melt.
  
  Remember, the 69's are the 'misses' for this series as everyone chases the 70's. Statistics in the Jordan book show that if a 69 is submitted enough times it has a decent probability of coming back a 70 sooner or later. (If you would ever care, that is. For this coin/bullion play it doesn't matter).

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• jsf Posts: 1,889

  March 18, 2011 11:34PM

  pfft. I added an ounce and a half+ to my type set in the past week ($20 and $10). Bought my first Cal fracs, hence the +. Looks like t3 and t2 $20 Liberty are next, as far as shopping goes. No telling what actual buying will be. Already have a t1, love the Civil War era stuff. At this rate, I'll never make that next upgrade to my Walkers.
  

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• roadrunner Posts: 28,313 ✭✭✭✭✭

  March 18, 2011 11:42PM

  Gold bullion has been doing fine for the past several years. Numismatic generic gold or semi-bullion coins have actually lagged gold's performance. They peaked out in November
  2009 when gold hit $1200+ for the first time. Either they've been undergoing a longer term correction before eventually exploding higher or they will remain perennial underperformers to bullion from here on in. Unlike bullion, the semi-numismatic gold coins need a hint of inflation in the air to help propel them along. The bullion can rise in a deflationary environment if the currencies are getting whacked.
  
  The Japanese earthquake didn't take gold prices down. They were already under correction since early November and were in the process of performing a final leg down. The quake just accelerated the process. If it weren't the quake, it would have been something else assigned the "blame" for gold's drop (ditto for the stock markets).
  
  
  roadrunner

  Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold

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• questor54 Posts: 1,351 ✭

  March 18, 2011 11:45PM

  I think we are going to have more than a hint of inflation soon. The Fed can only cook the books and run the presses for so long. It is because the semi-numismatics are lagging that I think they are a great opportunity right now. But hey, I am a fan of the PMs in any form. When TSHTF for real, the details won't matter much.

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