Print $520 Trillion and Gold still shits the bed.
oh boy.
oh boy.
Marketsurfer's bold gold proclamation
- Thread starter marketsurfer
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no, but our grandparents did.
never exactly, but close enough to draw parallels.
surf
made a couple phone calls to the local pawn shops--- those guys are paying around $120--$150.00 an OZ for gold.
That's the street price of your precious metal....
That's the street price of your precious metal....
Quote from marketsurfer:
made a couple phone calls to the local pawn shops--- those guys are paying around $120--$150.00 an OZ for gold.
That's the street price of your precious metal....
Not really. Go to ebay and people are still paying (as of yesterday) $900 and above per ounce, more than $200 over spot.
I suspect your sources are paying the prices they quoted you for junk gold, jewelry, etc., because if that's what they're offering for quality gold (gold eagles, etc.), then anyone who sells to those guys is an idiot and are leaving $800 or so on the table that they could get selling on ebay or to dedicated gold dealers.
So no, that's not the "street price".
That premium is for the collectable value of the coins. Just like some beanie babies sold for $1000's. has nothing to do with value.
you mean for coins on ebay, not scrap gold--right?? If its for anything other than gold coins, please give me a link because I can't find it. collectors buy coins and they ALWAYS overpay during times like these.
regards, surf
approaching the support projected above. 699 is the critical technical figure here....
good luck!
surf
Yes, that's for gold coins. But you missed the point. Your anecdote about pawn shops paying $150/oz for junk gold is no different than my anecdote about buyers paying $900/oz for gold coins. In other words, neither one is reflective of the true reality of the market.
If you want true reality, check what precious metals dealers are paying for gold. A quick check to Kitco shows they'll pay $700 for 1 oz bars. So again, your anecdote about pawn shop guys doesn't add up to much.
And besides, your call on gold so far has been right on, so why inject a red herring into the discussion? Stick to the fundamentals.
true.
good luck!
surf
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