Gold still a buy?

Discussion in 'Bullion Investing' started by BALD SPARTAN, Mar 15, 2024.

  1. GoldFinger1969

    GoldFinger1969 Well-Known Member

    People buy silver simply because it is "cheaper" than gold and they can buy more.

    But that's not a reason for something to outperform.
     
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  3. imrich

    imrich Supporter! Supporter

    I'd explain why these products have the current premiums, often above that of much higher mintage and denomination, less valuable condition, but believe your frugal biases would prevail.

    These are products unavailable in the past when crude coinage practices existed, which a younger society realizes may present greater future/present value.

    You are correct, that a collector of your ilk, may never be exposed to the experience/mind-set, of lower mintage, greater perfection, lesser pricing, protected coinage, that might be desirable.

    JMHO

    This scarce product, received yesterday, is the modern equivalent of a perfect/proof 1910 non-existent Eagle!
    [​IMG]
     
    Last edited: Mar 20, 2024
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  4. imrich

    imrich Supporter! Supporter

    Politically Correct, "cheaper" = Less Expensive
     
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  5. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I have a few of these as a novelty purchase...they're nice...but they're SMALL. You aren't buying 1 ounce of gold AND the features (devices, fields) are very small.

    I have a 1/20th ouncer from China and I need a magnifiying glass to see the stuff on it !! :D

    I've never sold one of these back to my LCS but I would think there might be a liquidity issue that I haven't seen when I sold him a few 1-ouncers...or even a commemorative that was 2 ounces that I got bullion spot for.
     
  6. imrich

    imrich Supporter! Supporter

    I expected your response!

    I posted #42 so that you could appreciate the perfection of a greater expense coin, that to which you probably wouldn't normally be exposed.

    If you "click" on the image, the beauty unrealized in any of the "Numismatic" coins you might purchase, will be shown!

    JMHO
     
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  7. GoldFinger1969

    GoldFinger1969 Well-Known Member

    My only sub-1 ouncer that is certified is a Libertad. All others are raw.
     
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  8. imrich

    imrich Supporter! Supporter

    Although I have lesser posts, I've "hung-around" here longer, following your posts, and basically knew of your general habits/exposure/posts.

    JMHO
     
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  9. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Gold a bit weak but mostly looks like a correction. Need to see HIGHER highs and HIGHER lows going forward.

    5 Major Gold Bull Markets.jpg
     
    imrich likes this.
  10. GoldFinger1969

    GoldFinger1969 Well-Known Member

    ETF AUMs & Gold Price, 2004-24.jpg


    Gold ETFs NOT driving this rally:


    Gold Price vs. ETF Gold Holdings, 2018-24.jpg
     
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  11. longshot

    longshot Enthusiast Supporter

    True, silver is the poor man's gold.

    Yet, many feel the gold/silver ratio is significantly out of whack, to mention one argument.

    And silver has a lot of industrial uses in the "green"
    arena.
     
    Last edited: Mar 20, 2024
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  12. longarm

    longarm Well-Known Member

    Yeah, I'm still buying just not as much. Was thinking of getting a 2024 set of eagles, but just been getting tenths. My last full set was 2022.
    2022.JPG
     
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  13. FredJB

    FredJB Well-Known Member

    Yes If! If you don't trust the future of the dollar. If you can save up enough to buy the quantity needed to get the best price. If your state does not have a sales tax on bullion purchases or you can cross state lines to a state without a sales.
     
  14. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Nope . . . My dollars are also worth less today than yesterday.


    No one’s smart enough to “know”.
     
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  15. GoldFinger1969

    GoldFinger1969 Well-Known Member

    That ratio is from decades ago. It would be like comparing the cost of a "color TV" 50 years ago to the cost of one today. :D

    The old ratio is simply not relevant. Like the oil/natgas ratio.
    That is true, and it could eventually tighten supplies. But this will take YEARS to play out just like reduced gold supply a decade ago and increased demand took years to play out, too.
     
    imrich likes this.
  16. longshot

    longshot Enthusiast Supporter

    Years? Maybe, maybe not. How much does physical demand need to increase for silver to double?
     
  17. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Alot....:D:D:D
     
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  18. -jeffB

    -jeffB Greshams LEO Supporter

    Maybe everyone will decide digital photo manipulation is Too Scary and demand a return to silver-based emulsion films. :rolleyes:
     
  19. longshot

    longshot Enthusiast Supporter

    Time will tell...:D
     
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