$4,000 Gold By 2023 ?

Discussion in 'Bullion Investing' started by GoldFinger1969, Nov 14, 2020.

  1. Gilbert

    Gilbert Part time collector Supporter

    Assuming the central banks continue creating money out of thin air anything is possible.
     
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  3. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Not anything like stamps, even if it is not as hot as it once was. Dying is an exaggeration.
     
    fretboard likes this.
  4. baseball21

    baseball21 Well-Known Member

    More like in little under a year under a global pandemic where the economy over all is horrendous from it.
     
  5. fretboard

    fretboard Defender of Old Coinage!

    Yep, that's certainly a humongous factor for sure! :D
     
  6. GoldFinger1969

    GoldFinger1969 Well-Known Member

    If the velocity of money is falling, the printing of money won't necessarily be inflationary. Fiscal stimulus might, however.

    Either way...again...the opportunity cost of holding gold is nil from cash or bonds. This is a Brave New World where the old excuse of "I don't want to tie up $$$ in something that doesn't pay interest" is no longer valid.

    Even conservative institutional investors -- like pension funds -- will probably look to low-single digit allocations to PM's/Gold.
     
  7. yakpoo

    yakpoo Member

    Don't underestimate your security risk/expenses...assuming physical PMs.
     
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  8. fretboard

    fretboard Defender of Old Coinage!

    Any proof or is it just a feeling? ;) I agree that there are fewer numbers attending the larger coin shows, like the Long Beach coin show but I don't think I've noticed prices going down, am I wrong?
     
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  9. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Any numbers on Long Beach dealers declining ?

    FUN seems to be INCREASING. :cigar:
     
  10. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Most people can store their stuff securely....either a safe or just hiding it in one's home.
     
  11. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Been rising since Summer 2018, so 2 years:

    https://goldprice.org/gold-price-history.html

    As soon as the Fed said rates were staying "lower for longer"......BOOM ! :D
     
    Bman33 likes this.
  12. Bman33

    Bman33 Well-Known Member

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  13. WLH22

    WLH22 Well-Known Member

    If numismatics is dying why do I keep getting outbid at Heritage, Stacks and GC?

    Sometimes I get the feeling dealers are all there bidding because they can't get stock at shows right now.
     
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  14. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Someone keeps paying a higher price than you.....:D

    Good point !

    The business may have changed with Ebay and the online auction sites -- ultimately, they may GROW the business/hobby with all the online users.

    This change probably accelerates the demise of the LCS, similar to C-19 hurting downtown office space demand.

    The only apples-to-apples comparision we have is to compare attendance at Big or Regional Shows like FUN, ANA, Long Beach, Central States, Whitman, Bay State, etc....and see if they are going UP or DOWN.

    "Crappy" little shows that I documented here are probably on their way out.:yack:
     
  15. WLH22

    WLH22 Well-Known Member

    I have my fingers crossed that Central States and the ANA in Chicago happen in 2021. I will be there checking out the hobby and supporting a few dealers.

    Right now the sports card business is booming. My son has friends buying and selling Rookie cards as guys have great games and bad games. He said it is crazy tracking it all. That was a business that had really fallen off. Maybe the younger people will see fun in collecting coins.
     
    GoldFinger1969 likes this.
  16. fretboard

    fretboard Defender of Old Coinage!

    No numbers, but my LCS sells there and he told me that around 5 years ago the vendor tables sold out quickly and the place was packed to the gills. He said, that doesn't happen anymore and the numbers of tables has gone down as well as attendance. Since I've never been there I don't know for sure but I'll take his word for it. If anyone here goes to the Long Beach coin show, what's been your experience over the years?? Talking about LB, check out the video!

     
    Last edited: Nov 15, 2020
  17. baseball21

    baseball21 Well-Known Member

    If you want to count the rise after a big drop sure. It then went back to about where it was and dropped again. So no really hasn't been rising for 2 years.

    It started to rise mid 2019 the virus started late 2019 and 70-80% of the time it was rising if not more was during the pandemic. It wasn't even until a month or two ago that it even got back to it's 2011/2012 levels
     
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  18. Gam3rBlake

    Gam3rBlake Active Member


    I sure hope so! I just bought 2x 1 oz American Gold Eagles!
     
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  19. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Baseball card interest crashed 75-90%. Decimated.

    I was there from 1988-1993. Insanity.
     
  20. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Sure it has....the last 2 years. The air came out of the ballon from 2012-2018 because the EU didn't blow up and inflation collapsed globally.

    Remember the PIIGS ?? :D

    The virus wasn't a thing really until February. Critical mass in March and I think gold -- like all other non-Treasury assets -- collapsed when the virus peaked.
     
  21. baseball21

    baseball21 Well-Known Member

    Not sure how dropping for months is going up but sure. I'm really just going off your chart and there was a big dip in that time frame
     
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