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<p>[QUOTE=&quot;johnmilton, post: 24808848, member: 101855&quot;]Sorry for my ignorance, by what is a “PM” besides the time of day? </p><p><br /></p><p>As for gold being overvalued, the high retail price for a $20 gold piece when I was in high school was $75. Dealers sold beat up ones for slightly under $50. </p><p><br /></p><p>When I finished grad school in 1980, they were about $135. I remember it getting to over $800 in the late 1970s. That was way too high for the time. I have an NGC certified $20 gold I bought for around $400 when I was a dealer, which I kept. </p><p><br /></p><p>The U.S. dollar has turned into “lucky bucks.” Inflation is destroying its value, which is why gold is so high. </p><p><br /></p><p>One thing I’ve noticed when gold was too and due for a significant correction. For brief periods, I have see dealers sell circulated $10 and $20 gold pieces for less than melt. It does not matter what the spot price of gold is, you can bet it’s coming down.[/QUOTE]</p><p><br /></p>

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