Liquidity At These Levels?

Discussion in 'Bullion Investing' started by Randy Abercrombie, Mar 9, 2024.

  1. slackaction1

    slackaction1 Supporter! Supporter

    SOUNDS LIKE EXPERIENCE TALKING THERE!!
     
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  3. Mkm5

    Mkm5 Well-Known Member

    Kinda interesting, about a month ago I all of a sudden decided to visit my LCS to pick up some double Eagles. I'm usually more of a silver bug, but felt like I needed to add some Au.

    They were $2000 each, but with all the crazy things going on in the world, and watching Fiat lose 25-50% in the past couple of years, it was time.

    I was very happy with the purchase, and now can't believe gold is up 20% in one month.

    I'm waiting for a correction, then getting some more!
     
  4. Mkm5

    Mkm5 Well-Known Member

    Yes, premiums for PMs seem to be much lower this year. Stack on!
     
  5. Mkm5

    Mkm5 Well-Known Member

    You called it Heavy! We're there already.
     
  6. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Those levels are long gone, I just concentrate on buying now as a long term
    investor I look for prices to average out
    in 15 - 20 years I know it will be worth
    allot more the bullion and coins.
     
    GoldFinger1969 likes this.
  7. imrich

    imrich Supporter! Supporter

    I acquired eight 69-70 Gold Eagles today, mostly proof. There are many exceeding my maximum auction bids!
    My current bids are ~15% greater than several months past!
    Offering quality has diminished!
    JMHO
     
  8. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    3 weeks later... how is everyone feeling? Been some big changes....
     
  9. Heavymetal

    Heavymetal Well-Known Member

    Feeling good, feeling mellow
     
  10. Barney McRae

    Barney McRae Well-Known Member

    Anyone here know much about English gold sovereigns? They are king in the UK, but don't get a lot of respect in the US. Pre 1935 coins. I know they should have a big premium over spot gold, as most old collectibles should. But information is spotty unless I'm looking at a UK site and that's questionable at best. There just isn't a huge following here.
     
  11. ToughCOINS

    ToughCOINS Dealer Member Moderator

    No change in my approach despite the changes in spot . . . sell some coins and buy some more.
     
  12. rte

    rte Well-Known Member

    I know a little bit.
    Good gold content at:
    Composition: Gold ; Fineness: 0.9170 ;
    Weight: 7.9881g ; AGW: 0.2355oz ;

    https://www.gold-sovereign.net/
     
    Last edited: May 17, 2024
    GoldFinger1969 likes this.
  13. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I think one of the mods here helped write/author a book on English gold coins.
     
    Barney McRae likes this.
  14. slackaction1

    slackaction1 Supporter! Supporter

    This market is something else, I am finding more opportunities to purchase below or at spot with Silver climbing past 30 so I scoop it up when these deals surface. feeling motivated.......example: 96 Washington quarters 490.00..... in 2x2 cardboard holders..
     
  15. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Jeez… What happened yesterday?
     
    GoldFinger1969 likes this.
  16. GoldFinger1969

    GoldFinger1969 Well-Known Member

    About a 1.5% move up in both gold and silver.

    My guess is the CB's are buyers up to about $2,800 or so.
     
    Heavymetal and Randy Abercrombie like this.
  17. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    I just bought 3 rolls of quarters below spot... Couldn't believe it. Guy had a sign with current spot prices, but was running a special on quarters. Other denominations were above spot.
     
    -jeffB likes this.
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