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Is a $500 bill a good investment?
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<p>[QUOTE="GoldFinger1969, post: 3811679, member: 73489"]<i>How long were regular $500 bills at $600 or so and when did they suddenly move to $800 ?</i> Because I wonder if you started right after a decline in asset prices generally (i.e., 2008 Financial Crisis) and then moved to a more normalized time period. That would indicate that the rise was just erasing a correction from a downturn.</p><p><br /></p><p>To me...a move from $600 or so to $800 unless in the span of a few weeks/months...assuming over years....<b>is a rounding error </b>if you really think fair value is half-way between them. I guess what I am saying is....I'm not sure that you are seeing an OVERVALUED situation or even UNDERVALUED. So...you may (or may not) see $900 or even $1,000 if you buy today. But probably not.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>OTOH.... <b><span style="color: #ff8000">I consider the price of the very-popular generic Saint-Gaudens $20 Double Eagles in 1990 to be way overpriced as they quadrupled in price </span></b>with no underlying move in gold.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 3811679, member: 73489"][I]How long were regular $500 bills at $600 or so and when did they suddenly move to $800 ?[/I] Because I wonder if you started right after a decline in asset prices generally (i.e., 2008 Financial Crisis) and then moved to a more normalized time period. That would indicate that the rise was just erasing a correction from a downturn. To me...a move from $600 or so to $800 unless in the span of a few weeks/months...assuming over years....[B]is a rounding error [/B]if you really think fair value is half-way between them. I guess what I am saying is....I'm not sure that you are seeing an OVERVALUED situation or even UNDERVALUED. So...you may (or may not) see $900 or even $1,000 if you buy today. But probably not.:D OTOH.... [B][COLOR=#ff8000]I consider the price of the very-popular generic Saint-Gaudens $20 Double Eagles in 1990 to be way overpriced as they quadrupled in price [/COLOR][/B]with no underlying move in gold.[/QUOTE]
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