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#1
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Precious Metals..Again/again
Gold and silver both making some impressive gains today.
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#2
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Precious Metals..Again/again
On Jun 7, 3:15*pm, Jud wrote:
Gold and silver both making some impressive gains today. If you own a lot of gold, it probably seems good. I would be more impressed if we make it about $1250/oz. |
#3
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Precious Metals..Again/again
On Jun 7, 2:21*pm, Peter wrote:
On Jun 7, 3:15*pm, Jud wrote: Gold and silver both making some impressive gains today. If you own a lot of gold, it probably seems good. *I would be more impressed if we make it about $1250/oz. From the worst level earlier today (6/7/20), $1250 per troy ounce of gold would have been a 3% or less move upwards. That's really not much. Of course, in terms of the Euro, gold is hitting all-time record prices. It would also be very close to an all-time high, if not at a high, in British pounds. oly |
#4
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Precious Metals..Again/again
On Jun 7, 6:57*pm, oly wrote:
On Jun 7, 2:21*pm, Peter wrote: On Jun 7, 3:15*pm, Jud wrote: Gold and silver both making some impressive gains today. If you own a lot of gold, it probably seems good. *I would be more impressed if we make it about $1250/oz. From the worst level earlier today (6/7/20), $1250 per troy ounce of gold would have been a 3% or less move upwards. *That's really not much. Of course, in terms of the Euro, gold is hitting all-time record prices. *It would also be very close to an all-time high, if not at a high, in British pounds. oly Sorry, my fat fingers! I meant above not about. Just under 1250 looks like a double top. It may or may not run through it, but my guess is that you are more certain of the trend when you see a new high. Still, it has been strong and I see no reason to actually doubt it will eventually make a new top. |
#5
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Precious Metals..Again/again
On Jun 8, 7:51*pm, Peter wrote:
On Jun 7, 6:57*pm, oly wrote: On Jun 7, 2:21*pm, Peter wrote: On Jun 7, 3:15*pm, Jud wrote: Gold and silver both making some impressive gains today. If you own a lot of gold, it probably seems good. *I would be more impressed if we make it about $1250/oz. From the worst level earlier today (6/7/20), $1250 per troy ounce of gold would have been a 3% or less move upwards. *That's really not much. Of course, in terms of the Euro, gold is hitting all-time record prices. *It would also be very close to an all-time high, if not at a high, in British pounds. oly Sorry, my fat fingers! *I meant above not about. *Just under 1250 looks like a double top. *It may or may not run through it, but my guess is that you are more certain of the trend when you see a new high. Still, it has been strong and I see no reason to actually doubt it will eventually make a new top.- Hide quoted text - - Show quoted text - I'm really not trying to cause a spat here, you seem to be sincere enough, but I will shout out my strong prejudice against "technical analysis" and "charting". "Double top" is a "technical analysis" term and, skeptic that I am and ever will be, TA is simply the modern day equivalent of alchemy. TA should be illegal and those who vend "investment advice" based on TA should be fined and perhaps do prison time after the first conviction. I would buy a slabbed, wildly overpriced, twentieth century ultra-high grade "rare-in-this-condition" puny bronze Lincoln cent before I would buy a subscription to a TA service. Numismatics teaches us something about economics and man's historical failure to control the tool of money, if we want to listen. Paper money is simply a fraud and a sham. All currencies in the present modern world are in a "competitive devaluation" race to the bottom. When I was young, in the 1960s, a nice pre-1933 twenty dollar gold coin went for $45. Now, probably a minimum of $1,400. I am absolutely certain that if I am not carried off prematurely, we will see a "rise" of that magnitude again during the remainder of my lifetime. Small daily gold price fluctuations are meaningless. Even a fall of 33% to 50% from the present USD gold price would simply be a buying opportunity. oly |
#6
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Precious Metals..Again/again
On Jun 8, 9:53*pm, oly wrote:
On Jun 8, 7:51*pm, Peter wrote: On Jun 7, 6:57*pm, oly wrote: On Jun 7, 2:21*pm, Peter wrote: On Jun 7, 3:15*pm, Jud wrote: Gold and silver both making some impressive gains today. If you own a lot of gold, it probably seems good. *I would be more impressed if we make it about $1250/oz. From the worst level earlier today (6/7/20), $1250 per troy ounce of gold would have been a 3% or less move upwards. *That's really not much. Of course, in terms of the Euro, gold is hitting all-time record prices. *It would also be very close to an all-time high, if not at a high, in British pounds. oly Sorry, my fat fingers! *I meant above not about. *Just under 1250 looks like a double top. *It may or may not run through it, but my guess is that you are more certain of the trend when you see a new high. Still, it has been strong and I see no reason to actually doubt it will eventually make a new top.- Hide quoted text - - Show quoted text - I'm really not trying to cause a spat here, you seem to be sincere enough, but I will shout out my strong prejudice against "technical analysis" and "charting". * "Double top" is a "technical analysis" term and, skeptic that I am and ever will be, TA is simply the modern day equivalent of alchemy. TA should be illegal and those who vend "investment advice" based on TA should be fined and perhaps do prison time after the first conviction. I would buy a slabbed, wildly overpriced, twentieth century ultra-high grade "rare-in-this-condition" puny bronze Lincoln cent before I would buy a subscription to a TA service. Numismatics teaches us something about economics and man's historical failure to control the tool of money, if we want to listen. *Paper money is simply a fraud and a sham. *All currencies in the present modern world are in a "competitive devaluation" race to the bottom. When I was young, in the 1960s, a nice pre-1933 twenty dollar gold coin went for $45. *Now, probably a minimum of $1,400. *I am absolutely certain that if I am not carried off prematurely, we will see a "rise" of that magnitude again during the remainder of my lifetime. Small daily gold price fluctuations are meaningless. *Even a fall of 33% to 50% from the present USD gold price would simply be a buying opportunity. oly- Hide quoted text - - Show quoted text - I don't necessarily disagree. Technical analysis proves nothing. (There are some free sources and they are occasionally interesting.) As for a double top, it does suggest that one of the possibilities is that there might be a pause before a push onward. Gold has made a significant move up from a low around 1044 in Feb. The original post mentioned impressive gains. They can be seen that way. They can also be seen in terms that a previous try at the next higher price failed. This is not an argument that the market must obey my commands; merely that this is a place to take note and consider whether the trend is changing for a while. The market has my permission and surely will do as it wishes. In case it rises above 1250, I'll reconsider my position (with a view toward selling covered calls on mining shares). In case it falls below 680, I will ask myself if it is prudent to own more. In between I'll probably just watch and make silly remarks. |
#7
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Precious Metals..Again/again
On Jun 9, 12:25*pm, Peter wrote:
On Jun 8, 9:53*pm, oly wrote: On Jun 8, 7:51*pm, Peter wrote: On Jun 7, 6:57*pm, oly wrote: On Jun 7, 2:21*pm, Peter wrote: On Jun 7, 3:15*pm, Jud wrote: Gold and silver both making some impressive gains today. If you own a lot of gold, it probably seems good. *I would be more impressed if we make it about $1250/oz. From the worst level earlier today (6/7/20), $1250 per troy ounce of gold would have been a 3% or less move upwards. *That's really not much. Of course, in terms of the Euro, gold is hitting all-time record prices. *It would also be very close to an all-time high, if not at a high, in British pounds. oly Sorry, my fat fingers! *I meant above not about. *Just under 1250 looks like a double top. *It may or may not run through it, but my guess is that you are more certain of the trend when you see a new high. Still, it has been strong and I see no reason to actually doubt it will eventually make a new top.- Hide quoted text - - Show quoted text - I'm really not trying to cause a spat here, you seem to be sincere enough, but I will shout out my strong prejudice against "technical analysis" and "charting". * "Double top" is a "technical analysis" term and, skeptic that I am and ever will be, TA is simply the modern day equivalent of alchemy. TA should be illegal and those who vend "investment advice" based on TA should be fined and perhaps do prison time after the first conviction. I would buy a slabbed, wildly overpriced, twentieth century ultra-high grade "rare-in-this-condition" puny bronze Lincoln cent before I would buy a subscription to a TA service. Numismatics teaches us something about economics and man's historical failure to control the tool of money, if we want to listen. *Paper money is simply a fraud and a sham. *All currencies in the present modern world are in a "competitive devaluation" race to the bottom. When I was young, in the 1960s, a nice pre-1933 twenty dollar gold coin went for $45. *Now, probably a minimum of $1,400. *I am absolutely certain that if I am not carried off prematurely, we will see a "rise" of that magnitude again during the remainder of my lifetime. Small daily gold price fluctuations are meaningless. *Even a fall of 33% to 50% from the present USD gold price would simply be a buying opportunity. oly- Hide quoted text - - Show quoted text - I don't necessarily disagree. *Technical analysis proves nothing. (There are some free sources and they are occasionally interesting.) As for a double top, it does suggest that one of the possibilities is that there might be a pause before a push onward. *Gold has made a significant move up from a low around 1044 in Feb. *The original post mentioned impressive gains. *They can be seen that way. *They can also be seen in terms that a previous try at the next higher price failed. This is not an argument that the market must obey my commands; merely that this is a place to take note and consider whether the trend is changing for a while. *The market has my permission and surely will do as it wishes. In case it rises above 1250, I'll reconsider my position (with a view toward selling covered calls on mining shares). *In case it falls below 680, I will ask myself if it is prudent to own more. *In between I'll probably just watch and make silly remarks.- Hide quoted text - - Show quoted text - I buy some gold occasionally and rather more silver nearly every day. If you buy nice coins (as opposed to bullion), you have the added benefit of owning an enjoyable historic item. Gold (and to a lesser degree, silver) is the ONLY financial asset that is NOT simultaneously someone else's financial liability. IMHO, this form of financial asset would mean a lot in the deflationary scenario. I have even found myself buying some silver crowns from the 1970s and 1980s that I looked down upon back at the time when they were issued. I used to think that the Italcambio-produced Iran 200 rials with the Shah and wife's double portrait was rather crappy and schlocky, but recently I bought one for sh*ts and grins. I have recently bought several things like that recently, so long as the price wasn't too much over melt (two to four times melt is about my limit for any coin in PMs and issued in my lifetime). oly oly |
#8
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Precious Metals..Again/again
On Jun 9, 6:16*pm, oly wrote:
On Jun 9, 12:25*pm, Peter wrote: On Jun 8, 9:53*pm, oly wrote: On Jun 8, 7:51*pm, Peter wrote: On Jun 7, 6:57*pm, oly wrote: On Jun 7, 2:21*pm, Peter wrote: On Jun 7, 3:15*pm, Jud wrote: Gold and silver both making some impressive gains today. If you own a lot of gold, it probably seems good. *I would be more impressed if we make it about $1250/oz. From the worst level earlier today (6/7/20), $1250 per troy ounce of gold would have been a 3% or less move upwards. *That's really not much. Of course, in terms of the Euro, gold is hitting all-time record prices. *It would also be very close to an all-time high, if not at a high, in British pounds. oly Sorry, my fat fingers! *I meant above not about. *Just under 1250 looks like a double top. *It may or may not run through it, but my guess is that you are more certain of the trend when you see a new high. Still, it has been strong and I see no reason to actually doubt it will eventually make a new top.- Hide quoted text - - Show quoted text - I'm really not trying to cause a spat here, you seem to be sincere enough, but I will shout out my strong prejudice against "technical analysis" and "charting". * "Double top" is a "technical analysis" term and, skeptic that I am and ever will be, TA is simply the modern day equivalent of alchemy. TA should be illegal and those who vend "investment advice" based on TA should be fined and perhaps do prison time after the first conviction. I would buy a slabbed, wildly overpriced, twentieth century ultra-high grade "rare-in-this-condition" puny bronze Lincoln cent before I would buy a subscription to a TA service. Numismatics teaches us something about economics and man's historical failure to control the tool of money, if we want to listen. *Paper money is simply a fraud and a sham. *All currencies in the present modern world are in a "competitive devaluation" race to the bottom. When I was young, in the 1960s, a nice pre-1933 twenty dollar gold coin went for $45. *Now, probably a minimum of $1,400. *I am absolutely certain that if I am not carried off prematurely, we will see a "rise" of that magnitude again during the remainder of my lifetime. Small daily gold price fluctuations are meaningless. *Even a fall of 33% to 50% from the present USD gold price would simply be a buying opportunity. oly- Hide quoted text - - Show quoted text - I don't necessarily disagree. *Technical analysis proves nothing. (There are some free sources and they are occasionally interesting.) As for a double top, it does suggest that one of the possibilities is that there might be a pause before a push onward. *Gold has made a significant move up from a low around 1044 in Feb. *The original post mentioned impressive gains. *They can be seen that way. *They can also be seen in terms that a previous try at the next higher price failed. This is not an argument that the market must obey my commands; merely that this is a place to take note and consider whether the trend is changing for a while. *The market has my permission and surely will do as it wishes. In case it rises above 1250, I'll reconsider my position (with a view toward selling covered calls on mining shares). *In case it falls below 680, I will ask myself if it is prudent to own more. *In between I'll probably just watch and make silly remarks.- Hide quoted text - - Show quoted text - I buy some gold occasionally and rather more silver nearly every day. If you buy nice coins (as opposed to bullion), you have the added benefit of owning an enjoyable historic item. *Gold (and to a lesser degree, silver) is the ONLY financial asset that is NOT simultaneously someone else's financial liability. *IMHO, this form of financial asset would mean a lot in the deflationary scenario. I have even found myself buying some silver crowns from the 1970s and 1980s that I looked down upon back at the time when they were issued. I used to think that the Italcambio-produced Iran 200 rials with the Shah and wife's double portrait was rather crappy and schlocky, but recently I bought one for sh*ts and grins. *I have recently bought several things like that recently, so long as the price wasn't too much over melt (two to four times melt is about my limit for any coin in PMs and issued in my lifetime). oly oly- Hide quoted text - - Show quoted text - I tend to agree with your view. In the past, when silver was nearer $6 or 7 I'd visit local coin shows in the NL and look over the junk boxes. I found that i could purchase very nice crowns (5 BF, or 5 FF coins), mostly in VF or better, for close to melt and occasionally below. The silver guilders and marks from the same period (19th century) were usually too pricy. Later on, I found I could sometimes buy 20th century 72% Ag guilders at close to melt. Lately, I am a little more picky, but I don't like to pay too much for "numismatic value." Old Russian, French, Dutch or Spanish (Islamic) coins are tempting, even so. When someone (in Madrid) showed me a nearly perfect 4 Reales from Los Reyes Catolicos I realized I was really out of my league trying to validate one -- it looked nicer than any in Cayon's "Monedas Espanolas"! I got a chance (mostly through the ONS) to purchase a few crown size coins from India, Burma and Iran that are quite nice, but I really don't have an idea how to value (they didn't cost too much over melt). I have some gold coins, but those purchases were more carefully considered and stored. In most cases the coin was either of particular interest or was near perfect and not much above melt. I have been tempted by, but never actually purchased a golden rider. I began with a rule of thumb of aiming at 2% of liquid assets. I started when gold was $250 and silver $6 and slowed down as prices rose. At this point, 2% has been exceeded and I am much more cautious. Being retired, I need to also maintain a degree of liquidity. |
#9
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Precious Metals..Again/again
On Jun 9, 9:02*pm, Peter wrote:
On Jun 9, 6:16*pm, oly wrote: On Jun 9, 12:25*pm, Peter wrote: On Jun 8, 9:53*pm, oly wrote: On Jun 8, 7:51*pm, Peter wrote: On Jun 7, 6:57*pm, oly wrote: On Jun 7, 2:21*pm, Peter wrote: On Jun 7, 3:15*pm, Jud wrote: Gold and silver both making some impressive gains today. If you own a lot of gold, it probably seems good. *I would be more impressed if we make it about $1250/oz. From the worst level earlier today (6/7/20), $1250 per troy ounce of gold would have been a 3% or less move upwards. *That's really not much. Of course, in terms of the Euro, gold is hitting all-time record prices. *It would also be very close to an all-time high, if not at a high, in British pounds. oly Sorry, my fat fingers! *I meant above not about. *Just under 1250 looks like a double top. *It may or may not run through it, but my guess is that you are more certain of the trend when you see a new high. Still, it has been strong and I see no reason to actually doubt it will eventually make a new top.- Hide quoted text - - Show quoted text - I'm really not trying to cause a spat here, you seem to be sincere enough, but I will shout out my strong prejudice against "technical analysis" and "charting". * "Double top" is a "technical analysis" term and, skeptic that I am and ever will be, TA is simply the modern day equivalent of alchemy. TA should be illegal and those who vend "investment advice" based on TA should be fined and perhaps do prison time after the first conviction. I would buy a slabbed, wildly overpriced, twentieth century ultra-high grade "rare-in-this-condition" puny bronze Lincoln cent before I would buy a subscription to a TA service. Numismatics teaches us something about economics and man's historical failure to control the tool of money, if we want to listen. *Paper money is simply a fraud and a sham. *All currencies in the present modern world are in a "competitive devaluation" race to the bottom. When I was young, in the 1960s, a nice pre-1933 twenty dollar gold coin went for $45. *Now, probably a minimum of $1,400. *I am absolutely certain that if I am not carried off prematurely, we will see a "rise" of that magnitude again during the remainder of my lifetime. Small daily gold price fluctuations are meaningless. *Even a fall of 33% to 50% from the present USD gold price would simply be a buying opportunity. oly- Hide quoted text - - Show quoted text - I don't necessarily disagree. *Technical analysis proves nothing. (There are some free sources and they are occasionally interesting.) As for a double top, it does suggest that one of the possibilities is that there might be a pause before a push onward. *Gold has made a significant move up from a low around 1044 in Feb. *The original post mentioned impressive gains. *They can be seen that way. *They can also be seen in terms that a previous try at the next higher price failed. This is not an argument that the market must obey my commands; merely that this is a place to take note and consider whether the trend is changing for a while. *The market has my permission and surely will do as it wishes. In case it rises above 1250, I'll reconsider my position (with a view toward selling covered calls on mining shares). *In case it falls below 680, I will ask myself if it is prudent to own more. *In between I'll probably just watch and make silly remarks.- Hide quoted text - - Show quoted text - I buy some gold occasionally and rather more silver nearly every day. If you buy nice coins (as opposed to bullion), you have the added benefit of owning an enjoyable historic item. *Gold (and to a lesser degree, silver) is the ONLY financial asset that is NOT simultaneously someone else's financial liability. *IMHO, this form of financial asset would mean a lot in the deflationary scenario. I have even found myself buying some silver crowns from the 1970s and 1980s that I looked down upon back at the time when they were issued. I used to think that the Italcambio-produced Iran 200 rials with the Shah and wife's double portrait was rather crappy and schlocky, but recently I bought one for sh*ts and grins. *I have recently bought several things like that recently, so long as the price wasn't too much over melt (two to four times melt is about my limit for any coin in PMs and issued in my lifetime). oly oly- Hide quoted text - - Show quoted text - I tend to agree with your view. *In the past, when silver was nearer $6 or 7 I'd visit local coin shows in the NL and look over the junk boxes. *I found that i could purchase very nice crowns (5 BF, or 5 FF coins), mostly in VF or better, for close to melt and occasionally below. *The silver guilders and marks from the same period (19th century) were usually too pricy. *Later on, I found I could sometimes buy 20th century 72% Ag guilders at close to melt. Lately, I am a little more picky, but I don't like to pay too much for "numismatic value." *Old Russian, French, Dutch or Spanish (Islamic) coins are tempting, even so. *When someone (in Madrid) showed me a nearly perfect 4 Reales from Los Reyes Catolicos I realized I was really out of my league trying to validate one -- it looked nicer than any in Cayon's "Monedas Espanolas"! I got a chance (mostly through the ONS) to purchase a few crown size coins from India, Burma and Iran that are quite nice, but I really don't have an idea how to value (they didn't cost too much over melt). I have some gold coins, but those purchases were more carefully considered and stored. *In most cases the coin was either of particular interest or was near perfect and not much above melt. *I have been tempted by, but never actually purchased a golden rider. I began with a rule of thumb of aiming at 2% of liquid assets. *I started when gold was $250 and silver $6 and slowed down as prices rose. *At this point, 2% has been exceeded and I am much more cautious. *Being retired, I need to also maintain a degree of liquidity.- Hide quoted text - - Show quoted text - FWIW, the cash just went through $1256 on an intra-day basis (6/18/10 at 7:30 AM CDT). I wouldn't be surprised if the PTB try to stuff that, somehow. oly |
#10
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Precious Metals..Again/again
On Jun 18, 8:34*am, oly wrote:
On Jun 9, 9:02*pm, Peter wrote: On Jun 9, 6:16*pm, oly wrote: On Jun 9, 12:25*pm, Peter wrote: On Jun 8, 9:53*pm, oly wrote: On Jun 8, 7:51*pm, Peter wrote: On Jun 7, 6:57*pm, oly wrote: On Jun 7, 2:21*pm, Peter wrote: On Jun 7, 3:15*pm, Jud wrote: Gold and silver both making some impressive gains today. If you own a lot of gold, it probably seems good. *I would be more impressed if we make it about $1250/oz. From the worst level earlier today (6/7/20), $1250 per troy ounce of gold would have been a 3% or less move upwards. *That's really not much. Of course, in terms of the Euro, gold is hitting all-time record prices. *It would also be very close to an all-time high, if not at a high, in British pounds. oly Sorry, my fat fingers! *I meant above not about. *Just under 1250 looks like a double top. *It may or may not run through it, but my guess is that you are more certain of the trend when you see a new high. Still, it has been strong and I see no reason to actually doubt it will eventually make a new top.- Hide quoted text - - Show quoted text - I'm really not trying to cause a spat here, you seem to be sincere enough, but I will shout out my strong prejudice against "technical analysis" and "charting". * "Double top" is a "technical analysis" term and, skeptic that I am and ever will be, TA is simply the modern day equivalent of alchemy. TA should be illegal and those who vend "investment advice" based on TA should be fined and perhaps do prison time after the first conviction. I would buy a slabbed, wildly overpriced, twentieth century ultra-high grade "rare-in-this-condition" puny bronze Lincoln cent before I would buy a subscription to a TA service. Numismatics teaches us something about economics and man's historical failure to control the tool of money, if we want to listen. *Paper money is simply a fraud and a sham. *All currencies in the present modern world are in a "competitive devaluation" race to the bottom. When I was young, in the 1960s, a nice pre-1933 twenty dollar gold coin went for $45. *Now, probably a minimum of $1,400. *I am absolutely certain that if I am not carried off prematurely, we will see a "rise" of that magnitude again during the remainder of my lifetime. Small daily gold price fluctuations are meaningless. *Even a fall of 33% to 50% from the present USD gold price would simply be a buying opportunity. oly- Hide quoted text - - Show quoted text - I don't necessarily disagree. *Technical analysis proves nothing. (There are some free sources and they are occasionally interesting.) As for a double top, it does suggest that one of the possibilities is that there might be a pause before a push onward. *Gold has made a significant move up from a low around 1044 in Feb. *The original post mentioned impressive gains. *They can be seen that way. *They can also be seen in terms that a previous try at the next higher price failed. This is not an argument that the market must obey my commands; merely that this is a place to take note and consider whether the trend is changing for a while. *The market has my permission and surely will do as it wishes. In case it rises above 1250, I'll reconsider my position (with a view toward selling covered calls on mining shares). *In case it falls below 680, I will ask myself if it is prudent to own more. *In between I'll probably just watch and make silly remarks.- Hide quoted text - - Show quoted text - I buy some gold occasionally and rather more silver nearly every day. If you buy nice coins (as opposed to bullion), you have the added benefit of owning an enjoyable historic item. *Gold (and to a lesser degree, silver) is the ONLY financial asset that is NOT simultaneously someone else's financial liability. *IMHO, this form of financial asset would mean a lot in the deflationary scenario. I have even found myself buying some silver crowns from the 1970s and 1980s that I looked down upon back at the time when they were issued. I used to think that the Italcambio-produced Iran 200 rials with the Shah and wife's double portrait was rather crappy and schlocky, but recently I bought one for sh*ts and grins. *I have recently bought several things like that recently, so long as the price wasn't too much over melt (two to four times melt is about my limit for any coin in PMs and issued in my lifetime). oly oly- Hide quoted text - - Show quoted text - I tend to agree with your view. *In the past, when silver was nearer $6 or 7 I'd visit local coin shows in the NL and look over the junk boxes. *I found that i could purchase very nice crowns (5 BF, or 5 FF coins), mostly in VF or better, for close to melt and occasionally below. *The silver guilders and marks from the same period (19th century) were usually too pricy. *Later on, I found I could sometimes buy 20th century 72% Ag guilders at close to melt. Lately, I am a little more picky, but I don't like to pay too much for "numismatic value." *Old Russian, French, Dutch or Spanish (Islamic) coins are tempting, even so. *When someone (in Madrid) showed me a nearly perfect 4 Reales from Los Reyes Catolicos I realized I was really out of my league trying to validate one -- it looked nicer than any in Cayon's "Monedas Espanolas"! I got a chance (mostly through the ONS) to purchase a few crown size coins from India, Burma and Iran that are quite nice, but I really don't have an idea how to value (they didn't cost too much over melt). I have some gold coins, but those purchases were more carefully considered and stored. *In most cases the coin was either of particular interest or was near perfect and not much above melt. *I have been tempted by, but never actually purchased a golden rider. I began with a rule of thumb of aiming at 2% of liquid assets. *I started when gold was $250 and silver $6 and slowed down as prices rose. *At this point, 2% has been exceeded and I am much more cautious. *Being retired, I need to also maintain a degree of liquidity.- Hide quoted text - - Show quoted text - FWIW, the cash just went through $1256 on an intra-day basis (6/18/10 at 7:30 AM CDT). I wouldn't be surprised if the PTB try to stuff that, somehow. oly- Hide quoted text - - Show quoted text - It looks very strong indeed. I don't see a specific reason for the rise (well, perhaps the dollar is slightly weaker than last week). It makes you wonder what it might do if something really bad happened. |
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