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Message:: [QUOTE="GoldFinger1969, post: 26115965, member: 73489"]You're right, this could be a top and we might not see $3,000 for another decade or two. But I don't think so. Gold isn't spiking like it did in 1979-80 or 2011-12.  It's a slow...steady....rise....like we saw pre-1973 going back to the mid-1960's (if you go by the black market where it traded freely)....and then the 1970's where it went up 15-to-20 fold. Bubbles and spikes are inherently unstable. They're bad for pricing if the item is used as a benchmark for other items (i.e., gold bullion being used to price numismatics). If you told me that central banks would be net sellers for a few years or that crypto would go mainstream, then I might think this rally is long in the tooth.  But I don't think that is happening. Gold crossed $3,000 and nobody cares. Ultimately, it's better to buy gold coins at $2,000 an ounce with 20-40% premiums than at $3,000 and higher with miniscule or no premiums.  So yeah, the collapse of premiums is interesting but the higher cost is the dominant factor going forward for most buyers of gold (as opposed to those of us in the hobby).[/QUOTE]