It's an interesting thesis and you do have a decent/good understanding of how the silver/metals markets work with both futures, cash markets, etc....
But Silver has lagged Gold during this move, right ? Certainly no "squeeze" -- nothing like 1979-80, or even an out-of-nowhere 10% up move with...
All I am saying is that while the ABSOLUTE price of a common Saint has gone up with gold at $3,000.....the premium you USED to pay has...
JM, we may find out. I think we'll be there in the next 5-10 years. o_O
I understand HOW the price is changing but I don't understand WHY it is changing. :wideyed: If an MS-65 1924 Saint sells for $2,400 when gold was...
I'm not fixated on anything and certainly not a profit. Just trying to see what a rising gold price means for the pricing of the coins many of us...
I don't think there was/is any "historic ratio" that is tradeable or investable. It's a quirk of a gold price that was controlled and both metal...
I guess it's "nice" that the premiums have collapsed and you can buy investment/Gem quality Saints and other coins at close to gold content. But...
I think common MS-65 Saints are going for ~ $3,200. $3,500 seems a bit high, but I guess actual condition and particular year could bump it up a bit.
You're right, this could be a top and we might not see $3,000 for another decade or two. But I don't think so. Gold isn't spiking like it did in...
I don't know why the premium falls in both absolute $$$ AND %-terms....but it seems to be the case once gold has established a new level (i.e.,...
That's been the explanation and in fact what happened with the price charts: gold makes a move....premiums rise on numismatics.....bullion...
So when the gold price was alot lower, the coins had a numismatic premium tacked-on ? Are we talking 10% or 40% ?
Agreed....goto a place that's been around for a while and prerably in a nice part of a larger town or city. You don't want to goto some rural WE...
Thanks for the heads-up !! :cigar:
But the price of gold always provides a floor for the coin. Everybody can suddenly hate high relief coins....nobody can want one....but the price...
A panel discussion on current events should be a MUST at any big coin show, IMO. You are right...I do wonder what Legend is paying and thinking...
Novus Ordo or Latin Traditional ? :D The interesting this is the collapse in gold premiums as the price has crossed $3,000....fascinating.
It's not tenacity or the other issues you cite. :D It's more people able to buy something. How many people had color TVs in the 1960's and...
No, not happy...just chock-full-of facts. :D Poor people on subsistence can only purchase or afford to hold the tiniest amounts of gold via...
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