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<p>[QUOTE="Vess1, post: 26432317, member: 13650"]Wouldn't the current prices indicate the state of the world is bad right now? Look at how quickly prices are changing. Last November the US Mint put out the one FULL OUNCE gold flowing hair with a BIG premium. What was it $1k+ premium? </p><p><br /></p><p> Everyone thought it was crazy and as usual complained. $3,645 was the issue price. They sold out in under 7 minutes and never returned. I said it won't be long and melt value will surpass what those were, as has constantly happened since I've been collecting. A mere 10 months later, here we are. Now they want $3k for a HALF oz proof coin. </p><p> I'm hoping it pulls back because pricing is getting so ridiculous. If things were going well and under control we should be seeing 2000 metal prices or close to them. It's only been 25 years. That is not a whole lot of time in the grand scheme of things. I'd say it'd be reasonable if gold was $1k/ oz or thereabouts, given the period of time.</p><p><br /></p><p> But there's so much cash out there now, if gold dropped to $250/oz for a week you couldn't get any. It would all be gone immediately. If it dropped to $1k/oz it would all be gone now. Based on what we've seen lately, it'd clear out at $2k as a bargain basment price. It wasn't that long ago, $2k/oz was crazy. Those days are over with all the cash that's out there now. And continually increasing. It's the only way life can continue with the system we have. The prices have to keep climbing. Imagine another 25 years from this point? Again, not a lot of time. Gold could be $10k/oz by then. Maybe more.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 26432317, member: 13650"]Wouldn't the current prices indicate the state of the world is bad right now? Look at how quickly prices are changing. Last November the US Mint put out the one FULL OUNCE gold flowing hair with a BIG premium. What was it $1k+ premium? Everyone thought it was crazy and as usual complained. $3,645 was the issue price. They sold out in under 7 minutes and never returned. I said it won't be long and melt value will surpass what those were, as has constantly happened since I've been collecting. A mere 10 months later, here we are. Now they want $3k for a HALF oz proof coin. I'm hoping it pulls back because pricing is getting so ridiculous. If things were going well and under control we should be seeing 2000 metal prices or close to them. It's only been 25 years. That is not a whole lot of time in the grand scheme of things. I'd say it'd be reasonable if gold was $1k/ oz or thereabouts, given the period of time. But there's so much cash out there now, if gold dropped to $250/oz for a week you couldn't get any. It would all be gone immediately. If it dropped to $1k/oz it would all be gone now. Based on what we've seen lately, it'd clear out at $2k as a bargain basment price. It wasn't that long ago, $2k/oz was crazy. Those days are over with all the cash that's out there now. And continually increasing. It's the only way life can continue with the system we have. The prices have to keep climbing. Imagine another 25 years from this point? Again, not a lot of time. Gold could be $10k/oz by then. Maybe more.[/QUOTE]
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