Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Gold pricing - OK here we go
>
Reply to Thread
Message:
<p>[QUOTE="Leadfoot, post: 1484839, member: 2972"]Did I say always? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>For every 6 months where it went down 10%, what happens if you look back 5 or 10 years and plot that against the t-bill? Of course gold will have its ups and downs. </p><p><br /></p><p>That doesn't change the underlying observation about the dollar against gold, or the ridiculous (IMO) premium that the US mint adds to their gold coins, or the fact that collector demand for US mint gold wanes when gold is $1500.</p><p><br /></p><p>Bottom line: I can buy and sell bullion with between a 5% and 10% spread all day long. That's negligible compared to coin spreads by any estimation...MIke</p><p><br /></p><p>p.s. gold is down about $30 today....</p><p><br /></p><p><img src="http://charts.kitco.com/KitcoCharts/index.jsp?Symbol=GOLD&Currency=USD&multiCurrency=true&langId=EN&utm_source=kitco&utm_medium=banner&utm_content=20110407_iCharts_gold_chart&utm_campaign=iCharts" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Leadfoot, post: 1484839, member: 2972"]Did I say always? ;) For every 6 months where it went down 10%, what happens if you look back 5 or 10 years and plot that against the t-bill? Of course gold will have its ups and downs. That doesn't change the underlying observation about the dollar against gold, or the ridiculous (IMO) premium that the US mint adds to their gold coins, or the fact that collector demand for US mint gold wanes when gold is $1500. Bottom line: I can buy and sell bullion with between a 5% and 10% spread all day long. That's negligible compared to coin spreads by any estimation...MIke p.s. gold is down about $30 today.... [img]http://charts.kitco.com/KitcoCharts/index.jsp?Symbol=GOLD&Currency=USD&multiCurrency=true&langId=EN&utm_source=kitco&utm_medium=banner&utm_content=20110407_iCharts_gold_chart&utm_campaign=iCharts[/img][/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Gold pricing - OK here we go
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...