Silver Strapped To A Rocket Today

Discussion in 'Bullion Investing' started by bsowa1029, Mar 13, 2023.

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  1. pmbug

    pmbug Taking steps on my thousand mile journey

    The Fed raised another 0.25% as most expected.
     
    pmbug, May 3, 2023
    #41 + Quote Reply
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    Still good for a solid bump up. Gold's currently at $2037, putting "melt value" of pre-1933 coinage at 98.5x FV.
     
    -jeffB, May 3, 2023
    #42 + Quote Reply
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  4. fretboard

    fretboard Defender of Old Coinage!

    Yep, gold bumped up nicely! :D
     
    fretboard, May 3, 2023
    #43 + Quote Reply
  5. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Isn't it 96.75% ? For Double Eagles ?

    Gold $2,065 - $2,076 after-hours. New ATH.
     
    GoldFinger1969, May 3, 2023
    #44 + Quote Reply
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  6. -jeffB

    -jeffB Greshams LEO Supporter

    I was just going by Coinflation, which now has it at 99.3x (with spot gold at $2052.47). At the figures you're quoting, it would be 100x, if I'm figuring correctly. (I could've sworn I'd previously seen gold hit 100x FV on Coinflation, very briefly.)

    Your 96.75% is the portion of an ounce of gold that a double eagle contains.

    Circulating gold was valued at $20.67/oz. When gold cost $20.67, a double eagle contained $20 worth of gold. When gold costs $2067, a double eagle contains $2000 worth of gold.
     
    -jeffB, May 3, 2023
    #45 + Quote Reply
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  7. Collecting Nut

    Collecting Nut Borderline Hoarder

    Prices to change by the minute of not faster and dealers are all different.
     
    Collecting Nut, May 3, 2023
    #46 + Quote Reply
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