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:

 

From the Report:

"...The point is that when something goes parabolic, it almost always retraces that move in equal and opposite fashion, even if it initially stretches farther than many think. Fast-forward to today, however, and SLV is -50%, GLD is -20%, and both are now firmly below their 200 DMAs."

While metals have seen meaningful pullbacks over the last five months, we see further downside risk as trends are now flipping negative.

■ The Narrative. In January, the narrative was precious metals were a must own as
a 'debasement trade' with central bank buying. Sentiment was extremely euphoric
on both the institutional and retail side. We don't hear much about that anymore, and in fact we don't hear much about precious metals in general.

■ The History. In late January, SLV had two days of ~$40bn in notional volume. That was a clear sign of an ending parabolic move.

■ The Call. At this point precious metals are in clear short and medium-term
downtrends. The primary trend as judged by the 200 DMA is in danger of inflecting
lower.

■ Silver looks to have risk back to the prior all-time highs from 2011 around $50/oz.

■ Gold looks to have risk towards $3500/oz which was the multi-month consolidation during the summer of 2025.