Banks don't control physical. The Committment of Traders Report has shown that to be the case since, oh, about 1980. :D Banks are custodians for...
What game ? Investing in low-return, low-ROIC precious metals and pissing off your regulators, the OCC, and the Fed ? If Barrick Gold and other...
Never. Because they don't do it. :p
As the great Peter Lynch would say......I don't know whether the next $10 is up or down. But the next $20 is UP. :D
Why do people think that banks "smash the prices" down or up ? Banks don't do this. They can't. It's not profitable. The regulators would be...
You're at the mercy of Chinese and auto demand, plus Russian/S. African supply. It can go up to $3,000 an ounce or decline to $500/oz.
Nothing to do with manipulation, has to do with greater liquidity and demand for Treasury bonds, other risk-free assets, currencies, and crypto...
At first glance, it looks like a fancy scale. :D What is it doing and measuring ?
A 100% PCGS premium ? That's way too steep, IMO. Bordering on Greater Fool pricing. :yack:
BTW, I think Akers comments were from 2012......so 20 years earlier would mean the European hoard was about 1992 or so.
David Akers said: "The 1911 is decidedly more rare than the 1910, especially in gem uncirculated condition. Until a substantial hoard of...
Yes, as GD says...do you KNOW the current owner personally ?
Abebos, at first look it appears genuine if worn and circulated. I'm going to study it a bit closer as the pics aren't bad but closeups in some...
There was a "Flash Crash" with gold. Dropped $100 today from Friday's close. Down $22 as I type to about $1,740.
Heritage and David Akers Commentaries: Attached is a PDF which contains recent or high sales data/date, plus a description of the coin for...
We can debate M1, M1-B, M2, etc.....until the cows come home. I just think you AVOID buying gold after big run-ups and/or spikes.
"The market can remain irrational longer than you can remain solvent" - John Maynard Keynes Central Banks are "printing money" but the collapse...
For those coins with some numismatic value, you rarely can get them for just above melt and a low premium . It's usually one or the other as the...
Gold hasn't been "insurance" for non-existent inflation or financial turbulence in 40 years. SWFs, the rich, and institutions have deeper and...
Buying a certified coin -- PCGS or NGC -- should solve that problem.
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