Is GOLD still a bargain @ $4,650 and can i get some more please !!

Agreed.

 

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I don't know anything about Florida law, but surely the IRS would still demand taxes on any capital gain from selling gold to a coin shop.

 

The IRS doesn't really have any idea what your cost basis is if gold was purchased with cash, and doesn't have a clue if proceeds were never deposited into a financial institution. I am not sure if coin dealers or pawn shops even issue 1099s for large transactions. Most of them are cash only. That is an interesting point that I'm not sure about. In any case, without an extensive forensic audit, the IRS doesn't have much of a case to work with.

 

Gold is always one of those things that people delay stacking then it really gets to be too inaccessible due to price.

 

It shouldn't....I think $800 in 1980 was more mind-boggling because it represented a 20-fold increase in less than a decade.

Excellent points....and yeah, a bit sad. But with higher incomes and proper budgeting you can still enjoy the coins. Don't blow $$$ on Draftkings, MegaMillions, tons of video games, or other useless crap and you can save and invest in PMs or stocks/bonds.

I bought 2 at FUN 2026...had the price been closer to earlier FUN levels, I probably would have bought 3 or 4 coins. I had to compromise but I was still able to enjoy the coins.

And the fact that I had to work harder to save up the $$$ is probably why I am still looking at them on my desk 6 months after FUN instead of having them in a storage box !!

Yup...and the fact that we have NOT collapsed 50% in a short period of time like 1980 or 2011-12 bodes bullish longer-term. We still need to digest the big move over the last 2 years but I have no doubt that $7,500 is possible by 2030 and probable by 2035.

 

Unless you have lots of $$$, tough to stack gold.

But this is a good entry point, IMO, as it is almost 30% off the highs. I would grab some gold here and keep some powder for a flush-out to $3,500. Don't save it all for the lower price because it may not happen.

 

I didn't think $4,650 gold was a "bargain" but a logical level to re-test since that is where the blowoff commenced from and also where we spent lots of time since. It also happens to be my FUN 2026 purchase price but that's another story....

I think $4,000 gold is a good/great level to ease in....add to one's holdings....set your scale for $500 and if we fall to $3,500 where there was lots of CB buying, consider it a gift like $1,100 gold post-2012 as opposed to $1,500....both GOOD prices to buy, but one was equisite.

 

Gold and Silver TA update from a guy who is on CNBC daily talking about the markets: