Source ? They are buying on behalf of others. JP Morgan Chase has tangible equity capital of approximately $200 billion. A million ounces every...
Folks....JP Morgan Chase is acting like a CLEARING AGENT for ETFs, ETNs, mutual fund families, hedge funds, CEFs, etc. They are doing very...
I think the next $500 is HIGHER but I'm not sure about the next $100.
83 tons allegedly fake. ZeroHedge sometimes jumps the gun, but watch this for developments....
OK, but are they LOWER today if they haven't "steadily dropped ?" I think we have to separate bullion, quasi-bullion/numismatic, and pure...
What would be nice is if the online sites refined their completed sales data to make it more user friendly. The data IS THERE but it can be...
No arguments, BB21. That said, the index is better than nothing. What I would do is probably come up with an index of maybe 50 coins...10...
It could be that that $60,000 in bullion alone "only" counts for $10,000 in the index...need to see if there's a divisor or some other adjustment...
There must be a "divisor" somewhere to keep it comparable to past periods and/or for simplicity purposes. There are 32 Saint-Gaudens coins which...
Yes, but if it is price-weighted as it appears to be....then a few high-$$$ coins can "drag" the index up while most coins collected by collectors...
OK, then it is PRICE-WEIGHTED and more expensive coins have a bigger impact on the index. Got it, thanks Doug ! :D
As you all may know, we have 3 types of indices in finance: equal-weighted, capitalization weighted, and price-weighted. Most indices are...
Doug, I am hearing contradictory things in your explanation of the PCGS 3,000. It's very simple....if each coin is 1/3,000th of the index -- if a...
Right, it's a price-weighted index and like the NASDAQ with the FAANG stocks, it's a narrow-driven market and the bulk of the PCGS 3,000 are...
Yes, they move with lags but if the move is SUSTAINED and STEADY then numismatics will rise in value. The prices diverge when the derivative or...
If they are all equal, then every coin is 1/3,000th of the total index. If it's based on the PRICE of the coin, then it's a price-weighted index...
It's now at $150,000....DAMN BEAUTIFUL coin. :D...
But these particular coins have low mintages.....they're in a special/big slab.....and the grade (PF70 and/or UC or DCAM) adds rarity.
I have a modern PF70 DCAM and it looks blackish. On a 5 ounce gold coin, it should really show in hand. When I get one, I'll report back. :D
How do they get that "black" look in the fields ? You don't see that on old Saint/Libery gold or Morgan silver coins, even "proofs". Must be...
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