Gold - Is $1900.00 the New Normal?

Discussion in 'Bullion Investing' started by Randy Abercrombie, Apr 24, 2022.

  1. Collecting Nut

    Collecting Nut Borderline Hoarder

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  3. Clawcoins

    Clawcoins Damaging Coins Daily

    A couple months ago I was chatting with someone.
    I did a spreadsheet for if I bought $20k in Gold vs just keeping $20k cash for the past 10 years.

    For the $20k cash it included a $1k small C rated safe, so $19k in cash.
    For the Gold it included approx premium for buying and selling plus annual SDB storage costs.

    10 years ago, March 2012 gold was at a high of $1780 (or 11.24 oz). Oops .. arbitrary month/year.

    But anyways after 10 years the cash was worth more after the bullion acquisition/liquidation costs by $800 and that was before selling the safe for an add'l $500.

    Of course, it totally depends upon your buy/sell dates but for that example it was opposite what I was thinking. lol

    polish up that crystal ball

    of course I recall buying some gold in 1980 for about $800/oz
    and again in 1985ish for about $350/oz if my memory serves me right.
  4. -jeffB

    -jeffB Greshams LEO Supporter

    Yep. Back in 2012, after gold started receding from its 2011 highs, I bought a burnished MS70 AGE at spot, on a "dip" to $1700. That "dip" lasted seven or eight years, and at its eventual bottom was something like $1100.
    Clawcoins and GoldFinger1969 like this.
  5. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I wont even touch all the GOLD that I have boughten, the financial climate changes
    all the time, my grand kids will make those decisions.
  6. slackaction1

    slackaction1 Supporter! Supporter

    No Silver for you Mpcusa!! Don't be showing off your latest silver purchase..LOL Graded Silver Bullion won't let you sleep in the dessert.
    2012 1oz American Silver Eagles [​IMG][​IMG][​IMG]
    $325 per roll
    Last edited: Jul 17, 2022
  7. usmc 6123

    usmc 6123 Active Member

    Is boughten a real word?
    AdamL, masterswimmer and Clawcoins like this.
  8. Clawcoins

    Clawcoins Damaging Coins Daily

    eating too much gold does that to one's brain ...
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  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    GOLD, will always be there and have extreme value, just hold on for the wild ride...LOL
    usmc 6123 likes this.
  10. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    It had run up alot after the U.S./European debt crisis so it seemed logical that the price would drop bigtime once the crisis was over.

    Could be coming back ! :eek:
  11. slackaction1

    slackaction1 Supporter! Supporter

    That's not good Jeff.. I kind of a see what's you all mean now 7 or 8 years no movement is quite a while then it only comes close to 2,000. not much upside. MS 70 Burnished AGE still nice purchase.
  12. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    When gold moves up, it will move quick. A few hundred bucks in a week.
  13. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Let’s start moving up then…LOL
  14. -jeffB

    -jeffB Greshams LEO Supporter

    Yeah, through all the economic turbulence, the thing never has stopped being shiny. :)
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