Gold Price Hit $1900!

Discussion in 'Bullion Investing' started by fretboard, Jan 2, 2021.

  1. fretboard

    fretboard Defender of Old Coinage!

    In case you missed it gold hit $1901 and change last Friday! Is that a good thing for you? Well, it's definitely a good thing for me and I expect it to go up a bit more! What do you think? Is this the year it will hit $2300? :D If not, what is your guess?
     
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  3. Mountain Man

    Mountain Man Well-Known Member

    While I don't follow metal prices, and only have a few gold coins, if it gets to $2300, I might just think about selling my gold coins. LOL
     
    fretboard likes this.
  4. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    The other day when the new stimulus package was approved, just as a fluke I wanted to look at the national debt clock. Been a long time since I looked at it...... What struck me and something I hadn’t ever noticed before was the US dollar to gold ratio.... I knew we had been printing cash for some time now. But WOW.... Having seen that, yes I could see quite the upside to gold.

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    fretboard and midas1 like this.
  5. J.T. Parker

    J.T. Parker Well-Known Member

    I don't consider myself a greedy person so,
    As long as it stays above $1800/ounce I've doubled my investment.
    Whereas my (few) 'Key' silver U.S. coin's values have not budged and therefore, due to the weakening buying potential of the dollar, have lost money.
    What Me Worry?
    J.T.
     
  6. fretboard

    fretboard Defender of Old Coinage!

    I'm hoping to see gold go up in a big way but I think that will take a year or two. Until then, gold with a strong price is plenty good for me! :D
     
  7. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Already to $1940.00. That's a pretty dramatic rise.
     
    GoldFinger1969 likes this.
  8. DarkRage666

    DarkRage666 Procrastinator

    I wish I had gold coins... but I be broke :(
     
  9. potty dollar 1878

    potty dollar 1878 Well-Known Member

    I only have one my 1855 quarter eagle silver is on the rise also broke past $27 today could it rise to $30?
     
    fretboard likes this.
  10. Clawcoins

    Clawcoins Well-Known Member

    I'm glad I didn't buy when it was over $2,000 a couple months ago.
    back up ....
     
  11. DarkRage666

    DarkRage666 Procrastinator

    If silver prices rise to $100 I'll happily sell off my silver coins.
     
    Clawcoins likes this.
  12. Collecting Nut

    Collecting Nut Borderline Hoarder

    I'm glad I'm more on the collector side.
     
  13. DarkRage666

    DarkRage666 Procrastinator

    i like collecting but if I have a chance to make significant money I'll do it... Especially if it gives me a chances to buy more coins... Speaking of which I just got $100 from my grandfather I plan to spend on coins at the antique mall!
     
  14. Collecting Nut

    Collecting Nut Borderline Hoarder

    As an antique dealer I can definitely say that most antique dealers are to high on their coins so be careful.
     
  15. DarkRage666

    DarkRage666 Procrastinator

    Nah... there's a guy I love to buy from... he underprices his coins... plus I use the Red Book to make sure I'm not being ripped off.
     
  16. potty dollar 1878

    potty dollar 1878 Well-Known Member

    The red book prices are high!! I use the grey sheet if I'm selling/buying and by recent ebay sales based on that specific coin.
     
  17. Collecting Nut

    Collecting Nut Borderline Hoarder

    The Red Book is just a guide. The prices listed are always high.
     
  18. fretboard

    fretboard Defender of Old Coinage!

    Went up $40 in nothing flat! thumbupp.gif
     
    slackaction1 likes this.
  19. slackaction1

    slackaction1 Supporter! Supporter

    FOR ME...... Gold is way to high now to PURCHASE. The premium to buy and sell outweigh the $2000 price point to even recoup your investment. But I am still looking.
     
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