smokey-seven
NES Member
$1,300 and up on 1/10 Oz Gold Eagles? Only B/U and NOT graded? What am I missing here? 2020 is bringing 5 times the actual value? I'd rather buy 5 random year 1/10 Oz for $230.00
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Gold and silver prices are down
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$1,300 and up on 1/10 Oz Gold Eagles? Only B/U and NOT graded? What am I missing here? 2020 is bringing 5 times the actual value? I'd rather buy 5 random year 1/10 Oz for $230.00
Varmint
NES Member
They might have some kind of automatic price-setting program that just increases the price as their supply drops.
Varmint
NES Member
Gold is back at $1940 again, which is strong support. Also $1920 and $1900. Even dropping to $1800 would be healthy for the long-term bull market, that might be the best thing. You don't want gold to go straight to $2500 without a good pullback and consolidation. It's a long journey to $5000 gold, you need to take a pit stop now and then.
It may be down, but is there anyone selling even close to spot?
smokey-seven
NES Member
Paper stuff only. You hold the gold, you get the premium.
There is something fishy with a 500% premium, I don't care what the auto price increase is. I just figure it is a high graded coin and not marked as so, or a typo for a larger denomination coin. Who here would buy a 2020 1/10 Oz BU ungraded coin for 1300$+ ?
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For me 2020 is important. But I hear what you're saying. I usually buy 1oz but cant stomach 2k.
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Isn't that price for 5 of them?
Varmint
NES Member
The retail coin and bar market is really a separate thing - low supply and huge demand, so it'll mostly ignore the spot price.
Varmint
NES Member
I'm seeing $282.
Buy 2020 1/10 oz Gold Eagle BU | APMEX
2020 1/10 oz American Gold Eagle BU | Largest selection & fast free shipping on orders $199+.
Win
NES Member
I ask this because you're foreseeing price changes that I am not able to foresee...What kind of timeline do you see for $5,000 gold?
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I'm seeing $282.
Buy 2020 1/10 oz Gold Eagle BU | APMEX
2020 1/10 oz American Gold Eagle BU | Largest selection & fast free shipping on orders $199+.www.apmex.com
He had 5 in his cart for that screenshot.
richc
NES Member
Sure isThat's not investing. That's gambling!
I think varmint was talking about a few posts above where the price was $230.
Varmint
NES Member
My prediction is that the Fed won't be able to cut back on the QE - because every time they've tried to do that in the last few years, the stock market has started to crash. And government is going to not only keep doing stimulus, they're going to try to bail out all the states and cities. So we're talking 10s of trillions of Fed and government stimulus with no end until they crash the dollar.
So my prediction of a peak of $5000 gold is really just a wild guess, cause how do you price gold in worthless dollars?
Anyway, I think gold could hit $2400-2500 this year, and $5000 next year. And it won't matter if they have a cure for Covid - the real issue is the debt explosion, and a Covid cure won't fix that. You'll get a temporary drop in gold until people realize the Fed and government can't stop the printing.
What’s happens when there is too much of something. Usually you throw it away. Fiat for compost?
Varmint
NES Member
That's not investing. That's gambling!
Penny stocks move around like that, but you can't really trade it, because liquidity is so small you'll influence the price as soon as you buy or sell it.
Varmint
NES Member
That explains it, lol.
I'm curious about this as well, cause when it hits $5K what does $5K buy you at that time? A gallon of milk and a loaf of bread?
I've been trying to wrap my head around asset values vs inflation to best position myself for the future. Volatility creates opportunity if you know how to exploit it, just trying to figure out how to do that.
Just guard your wheel barrow when you bring all of those dollars to market to buy a loaf of bread.
I control markets every trade. Heck, I can buy 10 shares of XYZ and it will drop about 70% in the next 15 minutes. Same when I sell. The share price will double after I get confirmation of my trade. I guess it's a gift!
I control markets every trade. Heck, I can buy 10 shares of XYZ and it will drop about 70% in the next 15 minutes. Same when I sell. The share price will double after I get confirmation of my trade. I guess it's a gift!
Varmint
NES Member
$5000 gold assumes no significant CPI inflation - if we get that, it'll just add onto the price of gold. I think this gold rally will reach its conclusion long before we have runaway inflation in consumer goods. i.e. there will be a global currency reset before we see anything resembling Weimar Germany. Every major currency is being printed as fast as the dollar, except the Ruble.
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From which Nation...?
![[rofl2]](/xen/styles/default/xenforo/smilies.vb/035.gif "ROFL2 [rofl2]")
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smokey-seven
NES Member
Made my gold and silvwr purchases and was charged tax. Even with the tax it was still less than other places.
With that being said, is thete a tax reference code I can reference? My purchase was over $1000. Maybe I can deal direct with the seller to get the tax reimbursement.
Thanks in advance NES!
Found it... FY2019 H2 - FY2019 H2 - Tax Expenditure Budget - Sales Tax - Exemption for Certain Precious Metals
With that being said, is thete a tax reference code I can reference? My purchase was over $1000. Maybe I can deal direct with the seller to get the tax reimbursement.
Thanks in advance NES!
Found it... FY2019 H2 - FY2019 H2 - Tax Expenditure Budget - Sales Tax - Exemption for Certain Precious Metals
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Ebay purchase? For comparison, I just bought a gold Eagle coin off APMEX, it was priced about $100. over spot (cost me ~$2060). To pay for it, if I used a CC, it would be $100. more. No increased charge if I wired the money, which I did. Visited my bank and they charged me $30. for the wire. That is a lot for a single coin, but I'm doing this exercise just to see how everything goes. Bank visit was quick/painless, had to do it as they don't offer wiring online. So this went smooth so far. The wire charge is not so bad for a larger purchase, but I'll see what gold does. Also, now I know the Au cost, I may look at local dealers for comparison, though I am always nervous about fraud, which I assume I need not be with APMEX.
APMEX comes to the NH Coin Expo to buy inventory so if you deal with a local dealer with a good reputation you should be ok on fraud.
Had a 2 second heart attack today.
Asked my wife if she got the mail yesterday. She says yes....
I check my tracking and it says my gold and silver has been delivered to an "individual".
I'm like, "oh crap"! Run to the mail box and there it was..... Phewwww.
I yell at the wife.... She tells me no nookie for a week....
Well, at least I got my gold and silver.
Asked my wife if she got the mail yesterday. She says yes....
I check my tracking and it says my gold and silver has been delivered to an "individual".
I'm like, "oh crap"! Run to the mail box and there it was..... Phewwww.
I yell at the wife.... She tells me no nookie for a week....
Well, at least I got my gold and silver.
kingfisher
NES Member
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