Message:

<p>[QUOTE=&quot;GDJMSP, post: 1417323, member: 112&quot;]Owle, the slide as you call it, isn&#039;t really a slide. It&#039;s nothing more than generic gold doing exactly the same thing it did over the past few years. It&#039;s following the spot price of gold - that&#039;s all. There is no great mystery or other reason. </p><p><br /></p><p>Look at this auction for 1924 MS63 Saint from back in 2002, when gold was about $300 oz - <a href="http://coins.ha.com/c/item.zx?saleNo=284&amp;lotNo=7133" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/c/item.zx?saleNo=284&amp;lotNo=7133" rel="nofollow">http://coins.ha.com/c/item.zx?saleNo=284&amp;lotNo=7133</a></p><p><a href="http://coins.ha.com/c/item.zx?saleNo=284&amp;lotNo=7133" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/c/item.zx?saleNo=284&amp;lotNo=7133" rel="nofollow"><br /></a></p><p><a href="http://coins.ha.com/c/item.zx?saleNo=284&amp;lotNo=7133" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/c/item.zx?saleNo=284&amp;lotNo=7133" rel="nofollow">T</a>he coin sold for $736. The coin had numismatic value, back then, even though it was a generic issue in a common grade. But as the spot price crept upwards, that numismatic value was eaten away until there no longer was any numismatic value and the coin sold based purely on its bullion value.</p><p><br /></p><p>So now that the spot price of gold is dropping, that very coin is dropping in value with it. There is, still, no numismatic value. And there won&#039;t be if, and until, gold drops down around $750 oz.</p><p><br /></p><p>It&#039;s really just that simple. It has nothing to do with anything else. And anybody that tells you otherwise is blowing smoke up your skirt.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in