According to a panel of experts on our Financial Report (CJOH News)All agreed gold will hit 7K+ before end of 2027, then went on with 10K prediction 2028. This would be detrimental for us coin collectors Lets pray they are wrong
*poof* (That was my dream of ever owning a $10 gold Indian eagle, unless of course, I happen to metal detect one.) Suddenly, a Phoenician Shekel (Shekel of Tyre) doesn't seem quite so expensive.
I am glad that I never consigned my modern (60s/70s) Proof gold coin sets to Heritage some years ago. All my sets, ie: 1971 Iran, 2500th Commerative 4 piece gold, 5 silver 3 oz 1969 Uganda Pope Paul VI visit Kampala 4 gold, 6 silver 8 oz 1969 Chad 5 piece 6 oz 1969 Biafra 5 piece 6 oz 1971 Bahamas 4 piece 3 oz 1974-79 Conservation series 24 AV 24 oz 1974,75,76 FM gold 8 oz Probably all added up 80 oz gold, now with gold going to 10K I will keep em.This year, concentrate on smaller gold coins, that have numismatic value more then the gold. I just picked this coin up from German auction "unsold" list Phokaia EL Myshemihekte struck 670-625BC
I have been buying a little Gold bullion each year ever since I was a kid being told it was illegal to own gold in the US. I have accumulated a bit over the years, and now am retired. There is an underlying threat of US Social Security being significantly cut in 6 or 7 years, as well as our Fiat currency continuing to significantly diminish in value. Central Banks are spooked with Fiat, pouring a 1000 tons of gold annually into their coffers. The Global South Economies, having a significant portion of the World’s GDP, as well as over half the World’s population, are working hard to diminish their dependency on the Dollar as well as the Fed Swift system. Interesting to note that Poland, a NATO country, Central Bank is buying a lot of gold. Over the last 45 years of my career, I have been to and doing business in several of the “Western World”, as well as several of the now called Global South countries. I feel the lines are not as cut and dried between the two, but I also understand the Global South’s concerns due to the Wests executing several sanctions since 2022. This “amazingly” coincides with the Central Banks accumulating Gold, as well as slowly / strategically decoupling from the US dollar. China’s culture, and other cultures espouse gold. In my opinion China has accumulated more gold than reported…maybe by far amounts. Curious to see who will truly influence gold bullion markets…and the Western derivative paper vs. hard gold markets in the Global South. Even heard rumors that China wants high prices for Gold as a reserve against Western Fiat… perhaps $20k. But that can be just speculation… Long story short, I look forward to Gold growing in value! This started when I was a kid starting to collect coins in the 60’s, but being told it was against the law to own gold coins… Personally, I am not worried about my Ancient Gold coins becoming too difficult to purchase, there are a lot of Silver and Bronzes available that captures ancient history. I AM glad that, whatever little Gold bullion coins that I have accumulated over the years, are significantly rising in value. And, yeah, I am still accumulating now in anticipation of much higher prices.
