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<p>[QUOTE=&quot;GoldFinger1969, post: 2103865, member: 73489&quot;]But I wasn&#039;t making that case, I just used it to show that HISTORICALLY premiums have finally dissipated after 20+ years.</p><p><br /></p><p>Saints can see their premiums narrow further -- even if gold prices fall -- or the premiums can be stable and even rise even if the ABSOLUTE PRICE of both gold and Saints takes a hit.&nbsp; This would happen if gold took a tumble down below $1,000 very quickly.</p><p><br /></p><p><br /></p><p>Agreed....but my focus was that the PREMIUM RISK of buying Saints is now lower (or was lower) than it has been in a LONG TIME (decades).&nbsp; That doesn&#039;t mean you can&#039;t lose on Saints going to $1,200 (MS-65 commons) if gold falls to $800.</p><p><br /></p><p><span style="color: #0000ff"><b>It does mean that the days of gold going UP and Saints going DOWN are much less likely.&nbsp; </b></span><span style="color: #000000">Premiums kill you because investors/coin collectors were told that you have more leverage if the underlying bullion went up -- and that was not true.</span></p><p><span style="color: #000000"><br /></span></p><p><span style="color: #000000">It&#039;s even worse for the SS Central America coins, where the premiums were often 500 - 1,000%.&nbsp; The price of gold went up 6-fold in a decade, yet for most of the stuff sold it was flat at best, up marginally maybe.</span>[/QUOTE]</p><p><br /></p>

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