Buy the dip or wait?

But what about gold?

Isn’t that a lot less common to find with copper ore?

I know electrum is gold/silver but I don’t know if there is much gold produced from copper mining.

 

Log in or Sign up to hide this ad.

the whole idea is keeping everything in perspective, if you want to buy some PMS
Platinum still has growth potential

 

Gam3r Blake just had a real thought? This 1917 MS66 McKinley with 1.7grams of gold was scored for $385 just saw in March Coin Mag $4000. That's a return that tells me high graded coins will always prevail.

 

Just one year ago it was below $15/oz.

 

it depends really on what your goals are ?

 

returns vs. 1% Treasury

 

Oh yeah, I stacked heavy at $14 last March.

 

When I was looking for some Australian Silver Dragon coins last night, every place had sold out at $31 each. I went to Ebay and the going rate for the same silver coins was consistently $50 plus even with auctions ending 4 days from now.

I think as high as the premiums might be it is not reflecting actual market demand from the super annoying silver squeezers. They have distorted the market.

I visited their online chats and see people flaunting their $200,000 stacks of silver bars (yes, could be fake, but it's consistently large amounts taken by phone cameras...strange). Why would anyone have that much silver, and not convert to gold? It's not organic demand. I know they think it will take off and they are going to "break the banks", but the government would intervene before they let the banks fail. I think they've also moved into gold when silver sold out.

I think it's unlikely these people will sell at a loss. There are thousands of these people worldwide who seem to mostly deal in crypto and now have lots of spending money to throw around on coins.

 

True, the market on PM's across the board has gone to hell in a hand basket and this BS has been going on since March of 2020! Use to be I could buy ASE's for $2 or $3 over spot at my LCS, not anymore and my real fear is that these high as hell premiums are here to stay! There's not a damn thing us little guys can do about it except, don't buy bullion with high premiums anymore!!

 

Premiums are very high but we are in a market correction.

 

Now that's a coin I'd love to have. I grew up only a few blocks from his tomb.

 

Why is it so expensive? 1917 doesn’t seem that old. Nor is it very much gold.

Did it have a 20,000 mintage or something like that?

 

5000 but MS66 only 12-13

 

Ah that explains it. xD

Thanks!

 

somebody in an earlier post showed a 1 lb 3 1/2'' silver Morgan 1895 S that I thought would be a cool drool coin paid $500

 

Must be the longest market correction in PM history and that's fine I'll accept it cause I'm not buying! I'll stick to focusing on low mintage and scarce gold, leave the bullion for the collectors with deep pockets and money to learn lessons with!

 

I have enough pm's to suit me so I feel the same way but I'll also include silver low mintage coins as well.

 

Whether stocks or bonds or PMs....it's ALWAYS best to buy SOME when it's cheaper than you've bought before.

If it goes lower and you have more powder, buy more lower.

If it goes back higher and never hits new lows, then you at least got some at a lower price.

 

Gold Commentary:

 

Not necessarily.

It is often the case that premiums are HIGH when the underlying PM is LOW.

Better to buy coins cheap with a 20% premium than at 3x the level with a 5% premium.