Discussion in 'Bullion Investing' started by stoster38, Mar 8, 2018.
When did they start making American Silver Eagles out of gold?
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Lol I think he/she meant AGE
Here are a couple of pics of what I bought!!
The Chinese made ones ....
think OP meant AGEs LOL
To most investors, an asset that has gone down like that might be thought of as currently undervalued.....
I stick with as high of GOLD content as I can get... Buffalos are 99% and so are the 2015 high reliefs. Anything released by the Mint of Low Editions is good too, with Gold or Silver...
Finally bought the 18,000 limited Gold Proof AEG 2018 Proof Set.. I figure once the economy hits that inevitable wall which is coming, Gold skyrockets, or we get another QE, QE4, but by then, the Yuan will be "the tender" and dollars will be garbage. This does have to do with GOLD COIN buying, it is part of the process when taking into account, what type to buy.
The 2015 High Reliefs, soon will go up, a couple years, 5 maybe as they get some years behind them. Not only will you get the value of the 99%, but also the scarcity. Still Plenty out there, but once the rich people start watching their Dollars turn to mush, They will run for the Yuan, Silver, and Gold.
Proof is in that China started using their Yuan to buy Oil. No longer are the Middle East Oil Barons requiring them to use dollars. Once that happened, things turned. The Dollar is Off 10% since election.
This directly contradicts what we saw in 1980 and in 2011. In both cases, the rising price of silver and gold erased numismatic premiums. In 1980, so I'm told, bags and bags of uncirculated Morgans went into the smelters. In 2011, I was buying regrettable amounts of silver near melt -- but "near melt" was getting me AU Walkers, better-than average Barber halves, and BU Mercury dimes.
I bought an uncirculated Jane Pierce First Spouse gold half-ounce from the Mint. Total mintage was barely over 3000. It was worth more than I paid almost immediately, but only because gold went up so sharply -- and now, it's worth well under what I paid.
Buying numismatically rarer or better stuff is a hedge against falling, not rising, PM prices. But if you're paying a numismatic premium, you're already losing.
I could see it erasing premiums like you write. I per say, Gold goes to 3000.00 in 5 years. You right, no one is going to pay 3500.00 for a Num.
I think something Fundamental will change, this all worked for 100 years now, the FED, cash money, etc. WE have allowed many countries to Catch us buying their cheap imports. Thus, you cant have 10 equal currencies trading all the time around the World. Everything right now is based off of the dollar. I only pray it is the GOLD standard we go back to in some form or another. Not some crypto. or the Yuan, although I am thinking of going down to the exchange and buying some. Just for the future value.
Gold could sure use future contracts to dissipate too, it is what destroys the value.
And this part of your response works well for us. Selling on the backside when it falls. One thing we should all know, as written by someone earlier, at a 20 -30% discount NOW vs highs, we should be buying. Waiting for it to rise, then getting in is what those who make little money do...
Like people that bought my Ethereum @ 1200.00. I got in early, out early... Held a few just in case. All about not getting greedy. I was under a 2 year plan on it, but once Bitcoin allowed future contracts, the writing was on the wall...
Anyone here listen to Peter Schiff ? Or buy from his Mene' Gold. I am not pumping it, just great value if there is a Jeweler here, buy his 24K gold jewelry, add to the price and sell it... He charge only 250$ fee for a once ounce piece. Crazy low pricing...
I stick with AGE's....they are the easiest to sell if needed....Buffs are nice, but more expensive due to purity of gold content...
Yeah, but those who bought in at a 20-30% discount from the 1979-1980 highs waited thirty YEARS to get out from under water -- in nominal dollars. Inflation-adjusted, they're still waiting.
I say this as someone who bought a good bit at a 20-30% discount from 2011's highs. I'm better off than if I'd bought at those highs, but from a pure price-of-silver perspective, odds are I'll always be under water on those purchases. I'm glad it was only "fun money", not my retirement plan.
We're clearly not in the middle of a spike right now. But I think it's even odds whether silver will be higher or lower (inflation-adjusted) in six months, six years, or a generation.
Inflation adjusted is the key point here. I just love it when someone comes on here trying to say how they would be better off putting silver coins away in 1965 or 1970. They must be assuming the worst possible stocks for an investment performance.
PM will be something fun to own, a hedge against horrible events, and a store of value. I don't recall the last time I heard of anyone makings millions by investing in pm. They make their millions and THEN invest some in pm as a hedge.
The one's making millions are the ones pushing it selling them to people
Always has been. Unfortunately, the PM industry always has seemed to attract nefarious predators. It has been this way since at least the 1970's that I know of. Almost every year some pm dealer is convicted of fraud it seems.
Very True, you may be correct, the economy will dictate what happens to the price of GOLD. Thus, where do we see ourselves today with all the trouble, not in geopolitical turmoil. But financial, you, him, me, they may be doing ok, especially those that are smart enough to use this site, collect coins, save money. That is limited to 5% of the country. Thus, we have to look at the overall picture to get a grasp of what is coming. Schiff and others tell it like it is, not what Wall street or politicians want us to hear... Thank God for free speech... We are getting ready to see outstanding earnings which are based on the Tax cuts. They will offer HOPE to all those struggling, we will get the news blasts of a GREAT Economy. It is all based on borrowing to prop it up.
All one has to do is look it up on other sites, income inequality.org, Economic policy.org blah blah... All there to tell the truth of the curves. I wish it was 1979 again, I would take anything from 1934 - 1984. Anyway, a paradigm shift is coming, it has too, unless they do another QE, QE4. They can not sustain the pattern of borrowing, pumping the economy, and not raising wages. It just don't work kicking the can. How much debt is this country allowed to accumulate before someone calls it in ? then what, a Jubilee ? Sorry, we are not paying you ? Does this mean we all get to do it ?
With that in mind, I am buying gold with my stock income over the past 10 years, slowly adding with the gains made. I am not here to scare anyone, just an opinion based on facts. The one fact I hate is that many are told to "say the right thing, which is never the truth" Puppets will have you. THEY are reaping the benefits and keep saying, it is gonna get better, once it gets close, it all comes out, the truth and those puppets will disappear as they did in 2008. Even Kudlow, in the mist of the worst economic colapse our country ever had denied it was happening, so what do we do, put him in charge... Brilliant... Just an opinion as to why to buy gold...
I Think timing is everything. Think about those that lost half their value in 2008 with a house and 401K. At the same time the guy that got rich shorting housing. I would bet he knew Gold would go from 700 - 1800 NEXT. then reverse it.
Or the guy that sold all his stock in 2007, waited for the fall, bought back in in 2009 with Dow at 8000 and sold it when it hit 18,000, not knowing that a new POTUS would come along and it would reach 26K. Anyone that thinks it can go to 30K is half crazy. We have pulled back, although the tricks they pulled over the last year should keep it propped up for a while. Sooner or later, it has to end.
I think you guys are correct in that the GOLD market lures shady people into selling and buying. It is a way to reach the suckers, TV commercials, we buy gold jewelry, etc.. They are scammers. People on this site are not suckers, we are looking for a good hedge that will profit. If timed properly, it can be a windfall.
I also think your right in that few make millions buying and selling as a PERSON, it is a slow grower, as stated a hedge for the right time. I listen to Schiff because I know he is telling the truth. I don't invest with him because I can do it myself. Plus, I don't have the minimum 250K he requires.
Did you know he moved to PR to avoid paying the estate taxes and other taxes we have to pay ? Another loop hole for the rich to avoid paying tax, a real shelter will have you. This is how they are getting even richer, not only pay half from the 1983 tax of 65%, down to 39%, but then move all profits to avoid paying tax at all. First they changed all the laws to allow it, thus, once on the OTHER SIDE, you have no worries. They could care less what the AMERICAN thinks of their moves. Hell, people nowadays look at a rich person with a gleam in their eyes. "that guy is brilliant, he is a millionaire"
The data and chart comes from the Federal Reserve Economic Data base (FRED.) It is Gross domestic Product minus Treasury Debt. If you download them to a spread sheet GDP is expressed in billions so 1,000,000,000 is expressed as 1, while Federal Debt is expressed in millions so 1,000,000,000 is expressed as 1,000. That is why the chart is (Gross Domestic Product * 1000.)
So, if you acknowledge for the sake of argument that government debt is not actual national income, the following graph is how the U.S. economy looks like excluding stimulus. This is Actual GDP excluding artificial stimulus.
This is how far out of whack we are and we are told, everything is ok...
It certainly does seem too. Then again when they just tell people they're selling them stuff cheap that will only go up all day it's easy to see how they can keep going down that road.
When I was looking at which coins to buy I didn’t see a significant difference in price between the eagle & buffalo coins. I would buy the buffaloes for the higher purity!!
They both have an ounce of gold so I just get the ones that are the best price. The one-ounce Eagle coin is 91.67% fine gold, and weighs 1.0909 troy ounces which comes out to 1 ounce of gold.
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