Gold Eagle Premiums Falling
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Gold Eagle Premiums Falling
I've read the US Mint coin sales for silver Eagles and Gold eagles are at 10 year lows. That probably accounts for the big drop in premiums. For example, right now, Gainesville Coins has 1 oz Gold eagles on sale for $14.99 over spot. I've never seen a premium that low in the 10+ years I've followed coin prices.
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Re: Gold Eagle Premiums Falling
Very low public participation suggests that we may be getting into a serious bull market soon.FarmerD wrote:I've read the US Mint coin sales for silver Eagles and Gold eagles are at 10 year lows. That probably accounts for the big drop in premiums. For example, right now, Gainesville Coins has 1 oz Gold eagles on sale for $14.99 over spot. I've never seen a premium that low in the 10+ years I've followed coin prices.
Or maybe not.
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Re: Gold Eagle Premiums Falling
Crypto's eating into gold's market share (liquid hard currency/asset) and central banks face increasing public scrutiny w/the internet. it'll keep up with inflation, and maybe pop a bit during crises, but otherwise not optimistic about golds future, im 10%. if i had no real estate i might hold more gold
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Re: Gold Eagle Premiums Falling
Real estate is not a substitute for gold as an investment, as Harry Browne pointed out many years ago.boglerdude wrote:Crypto's eating into gold's market share (liquid hard currency/asset) and central banks face increasing public scrutiny w/the internet. it'll keep up with inflation, and maybe pop a bit during crises, but otherwise not optimistic about golds future, im 10%. if i had no real estate i might hold more gold
And as for crypto as an investment, I expect that to have all the staying power of Beanie Babies.
Note that I'm not saying blockchain isn't important; it may very well be. But still not as an investment.