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<p>[QUOTE=&quot;GoldFinger1969, post: 26729693, member: 73489&quot;]In a few years (less?) you could be posting that about MS-67&#039;s, John !!! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie100" alt=":wideyed:" unselectable="on" unselectable="on" /></p><p><br /></p><p>Hey, I don&#039;t like it either.&nbsp; But I think it&#039;s the absolute level of gold/DEs that is spooking us, plus the rise from a few years ago.&nbsp; $2,000 an ounce had been the &quot;standard&quot; since 2011-12 and then we treaded water for a few years about the time of Covid.&nbsp; That seemed like a good launching point to price coins with modest numismatic premiums.</p><p><br /></p><p>But OTOH....what was it like in the 1970&#039;s...after DECADES of gold at $35/oz. and being able to buy non-TPG Double Eagles for about $50-$75...all of a sudden within a few years the price of gold was up 5-10 fold and the DE prices went up by about that amount, too.</p><p><br /></p><p><b>Roger Burdette&#039;s book has a great price matrix for every coin going back to 1976. </b> Those Saints were in the $200 (MS-60 equivalent) to $250 (MS-65 equivalent) range in 1976.....$700 and $1,250 by 1980 !</p><p><br /></p><p><b>So a 10-fold increase in about 10-12 years for high-quality and even gem quality Saints...and a tripling in 4 years. </b>&nbsp; Of course, back then the economy was so much rougher and inflation and the Dollar both soaring/in freefall.</p><p><br /></p><p>What is interesting is that the price of gold, relative to Median Family Income, is about the same.&nbsp; Gold was $800 at the 1980 highs....income was about $21,000 or 25x higher.&nbsp; Gold is $5,000 today and Median Family Income is about $100,000 (household is lower) or about 20x higher than gold.&nbsp; If you ignore the bubble spike to $800 and use $400 as the norm...then Income is 50x meaning gold was cheaper back then but we&#039;re ignoring an outlier data point whereas we&#039;re including a multi-year rise today.&nbsp; <b>Let&#039;s see if gold stagnates or declines from these levels and/or if Median Income goes up over time, &quot;cheapening&quot; the cost of gold.</b></p><p><br /></p><p>So it&#039;s not like the cost has skyrocketed relative to income.....it lays dormant for years/decades and then takes off.[/QUOTE]</p><p><br /></p>

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