I feel like I have the best chance of getting decent deals in these Stack's auctions. Below is the weekly precious metals auction for the week.
https://auctions.stacksbowers.com/auctions/3-113LPY/february-9-2023-precious-metals-auction-lots-62001-62227?page=1&limit=96
When faced with this question, buy now or buy later, I generally dollar cost average in. I don't want to have bought nothing if the prices rises dramatically but I also don't want to have spent everything if the price drops dramatically.
TBH It's when prices go up dramatically that I get nervous - How many more nice coins will I be able to obtain before they get too expensive? When prices come down like this, I take some time to review what auctions are upcoming.
My dad has a 10/22 and every decade, when he takes it to shoot it, it takes him about 10 minutes to remember how to make it fire [laugh] I cannot convince him to join the gun club and practice.
The market looks really weird to me. Everything is in place for PMs to shine - inflation, negative real interest rates, central bank purchases, expanding wars, etc. But investors want to continue to buy risk on (even fanciful) assets. Very strange. I expect a dramatic reversal at some point...
Pretty sure it's the same $1,000 rule - Numismatic coins over $1,000 are tax free but under $1,000 are taxed. I have heard of instances at shows and coin stores where proprietors may have forgotten to collect taxes in cash and carry transactions.
Regarding the Kentucky taxes - what about numismatic coins? These coins were in a numismatic auction. Stacks also has seperate bullion auctions. I wonder if there are certain gold coins you can buy in Kentucky that have high gold bullion value but skirt past the PM tax?
I was excited to win these in the last Stacks and Bowers world coin auction. These are larger coins with over 1.2 ounces of gold each. Cost me $2,400 each including BP which is pretty close to melt. They cost much more elsewhere (the 1929 in MS63 is currently listed for $3,195 on apmex). My...
The last time I went to one of the Mass gun shows I walked the floor, saw that everything was overpriced and available at my local gun shop, left the show, and went to my local gun shop instead [laugh]
Thus far 2023 has been a really good year for gold. No huge days but most days up a few dollars starting to really add up. We’re not terribly far from all time highs.
What's catching my attention is the gold is remaining strong in the face of a declining market i.e. the margin calls don't appear to be having the negative effect I anticipated. Maybe we are getting closer to a breakout???
I have little doubt that the breakout is coming, I'm just skeptical that it's so soon. I think we see a larger selloff in the stock market and crypto dragging PMs down before the breakout.