I don't have any plans in regards to it, buying Gold bars or whatever is of no interest to me, I will continue to spend my disposable income on acquiring coins for my collection.
I looked at one point yesterday and was a bit tickled by what I saw: Gold $3230.00 Silver $32.30 But in regards to the question posed, I plan to stand pat. My SBD holdings are a windfall for my wife when I depart or a rainy day fund if the rain gets heavy enough.
Starting in 1982 I would buy 1 or 2 kreugerands each year. Starting in 1996 I switched to AGE's, 2 or 3 a year. During this time I put together 5 complete Walker sets and 3 Merc sets. Pulled the trigger on my first graded 16 d Merc, fine/very fine. During the years of cheap gold, I bought 5 AGE's a year, always on my birthday. Went back to 1 or 2 after 2016.
It looks like I am through with common date $20 and $10 gold coins. Their numismatic value is gone. I might buy some of the lower denominations with significant numismatic values. I am glad that I acquired my type coins when I did. It’s not going to be good for new collectors. The $3,200+ price is nothing for collectors to celebrate. It ruins things for collectors, and says bad things about the health of the American dollar.
My "plans" are static - I've never bought or sold any gold. As an outsider it seems like a nearly 12% jump in one week doesn't bode well for the economy. It's a panic price.
Try and get more from yard sale on the cheap. At what point do you start hoarding gold filled jewelry? Figure after refining/smelting you end up getting about 5% by weight.
I worry little because I have very little gold in terms of coins. Just some 14K Gold jewelry that I'll never sell. Good Luck people. I would hold off though if it were me buying gold. See what the future holds next Presidency.
The $3300+ price is creating the condition discussed at the artificial $5500 price, where I've agreed to buy or sell the pre-1933 certified Fine to MS62 WM $5 and $10 coins at a seemingly "fair market" price, established by CDN "Greysheet" formula for current values. NO RESPONSE! I'll continue to test the market, but it appears "collectors" are in a quandary currently! I believe you're already correct! JMHO
But now you can buy higher graded common date and lower grade collector gold coins @ spot. Which will provide greater downside protection. Plus if gold prices were to normalize at these elevated levels, these coins more than likely would eventually reacquire their numismatic premium.
The Gold silliness is foisting one hell of a Con on The People. I will repeat a previous thought: Powell, stay out of it. There is a term for his belligerent interference..... ARTIFICIAL MARKET MANIPULATION. Truth in editing: changed "Conon" to "Con on"). No , it is not Conan's brother.
That would take a very long time, or a rapid amount of inflation for the U.S. dollar. Collector income will have to increase greatly to be able to shell out melt plus a numismaictic premium for a common date St. Gauden $20 gold.
