I don't know about the risks of bullion counterfeiting (I think it's very rare and more likely in the 1 oz. coins; not much profit in doing 1/10th...
But that's not how the Bretton Woods system worked. Yes, a Central Bank here or there could arbitrage a few ounces of gold here-or-there. But...
Too close....need to see the PCGC slab info.
How were they "enriching" themselves ? How does possession of gold or any other metal "enrich" a country ? It doesn't......it's GDP and...
There was no 'spirit' of any agreement. The rule was set in 1945: $35 for 1 ounce of gold. There was no "much higher price" though some trades...
They are 2 different investments. 1 is largely a numismatic purchase at 70x the underlying metal component. The other is a play on gold. Not...
No, it means that people believe in financial over tangible assets. When the 2008 Crisis hit, Treasury bonds and the dollar soared and gold sank....
My LCS and others here charge about 5% premium for a 1 oz....sometimes I see dealers at coin shows charging as low as 3% or so (about $40). But...
Sometimes yes, sometimes no........:D
Looks like a coin like that costs about $1,100. Just curious, what are you looking to pay ?
Endeavor, you state: I agree with MD: it definitely has value, however, IMO, I do think you make a good point that the differences are minute...
People now realize that financial assets, not tangible assets, are what matters. Currency trading dwarfs precious metals trading on a daily...
They weren't "robbing us blind" -- the U.S. said they would exchange $35 for 1 ounce of gold. So other Central Banks took us up on it. They...
Hold it.....:D If their currency DEPRECIATES vs. the U.S. $$$, then it takes MORE of their currency to buy a Dollar and a fixed price (let's say...
I disagree. Here's why: For many coins -- especially moderns -- I think a computer scan can now look for so many minute imperfections that it...
To me, CAC is a grade of the TPG'ers. Maybe it signifies high-end for a grade but many times to me it just confirms that it is SOLID for the...
Nixon ended it but it was a result of the imbalances of Bretton Woods. The Reserve Currency nation is going to supply dollars and run a trade...
There must be something up. They just don't foreclose or demand more $$$ unless something was open-ended at the closing.
No argument here. Whether all of the CAC coins deserve the bean and others that didn't get one do is the question. For the most part, I think...
Kyle is super-sharp, met him many years ago. But he sometimes takes unorthodox positions that can take YEARS to play out. How much is his...
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