Gold, You Think it Will Ever Hit $5,000 an Ounce?

Discussion in 'Bullion Investing' started by fretboard, Oct 17, 2021.

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  1. longnine009

    longnine009 Darwin has to eat too. Supporter

    I don't believe Dimon can forcast water in Lake Michigan and get it right.
     
    longnine009, Oct 15, 2025 at 12:36 PM
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  3. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Ironically, my clients were talking about Saint-Gaudens, Blanchard, etc.....but I never explored further even though I had 1 or 2 fractional golds. :mad:

    It wasn't until the SSCA coins hit that I got the bug.
     
    GoldFinger1969, Oct 15, 2025 at 1:51 PM
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  4. GoldFinger1969

    GoldFinger1969 Well-Known Member

    His forecasts have been way off, I will say that.

    Still...he is probably the best bank CEO and one of the best CEOs out there. If you could name 1 guy to run a bank, he'd be it.
     
    GoldFinger1969, Oct 15, 2025 at 1:52 PM
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  5. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Hardly!
     
    ToughCOINS, Oct 15, 2025 at 2:09 PM
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  6. -jeffB

    -jeffB Greshams LEO Supporter

    I remember selling a couple of double eagles at ~$1400 each to lock in a few hundred bucks of profit. Not that long ago, either. Sigh.
     
    -jeffB, Oct 15, 2025 at 2:10 PM
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  7. -jeffB

    -jeffB Greshams LEO Supporter

    The pawn shop had put out a bunch of new gold coins today. 1/10oz AGEs at $650 each, an ex-jewelry 1861 quarter eagle at $850, a US Capitol $5 at something comparably silly. I imagine they'll sell.
     
    -jeffB, Oct 15, 2025 at 2:53 PM
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  8. ToughCOINS

    ToughCOINS Dealer Member Moderator

    I recall thinking I’d take half my profits at $3500 and let the rest ride. Well, $3500 blew by with such momentum that it changed my perspective entirely. Most retail investors haven’t even dipped their toes in the gold market yet, and the action we’re seeing is largely central bank and institutional purchases.

    Investors have long sensed the stock market was overbought, and have been encouraged by their money managers to hold long. That’s been the case for quite some time now, and many are understandably jittery. If there’s a seasonal shakeout in the equities markets we could see a seismic shift into safe havens.

    I won’t hold my breath for $5k, but I do feel we are more likely to see that number than $3k (again) this year.
     
    ToughCOINS, Oct 15, 2025 at 3:39 PM
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  9. ldhair

    ldhair Clean Supporter

    I remember buying the gold proof set back in 1995 just to get the free W proof Silver Eagle. Had to have it to keep my Silver Eagle set complete. The set was $995. I remember telling myself how stupid I was and thinking I would never get my money back out of the set. Thought about just selling the gold and taking the loss but never did.
     
    ldhair, Oct 15, 2025 at 6:06 PM
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  10. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    You didn’t know you were a financial wizard after all did you?
     
    Randy Abercrombie, Oct 15, 2025 at 7:02 PM
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  11. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

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    mpcusa, Oct 15, 2025 at 10:37 PM
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  12. GoldFinger1969

    GoldFinger1969 Well-Known Member

    $650 for 1/10th of an ounce ? I thought the premiums on fractionals had collapsed just like on pre-1933 gold ? :wideyed:
     
    GoldFinger1969, Oct 16, 2025 at 3:16 AM
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  13. -jeffB

    -jeffB Greshams LEO Supporter

    There's "the normal premium", and then there's "the fractional premium", and then there's "the pawn shop premium".

    This is the same place that has a worn silver Washington quarter in a capsule for $15, and a possibly uncirculated 1955 Washington in a capsule for $30.
     
    -jeffB, Oct 16, 2025 at 11:54 AM
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