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To: C19fan

These are numismatic coins, not bullion. Nobody is particularly eager to buy gold bullion right now, although lower interest rates should cause an upward price trend if they stick around.


2 posted on 03/27/2020 6:46:09 AM PDT by proxy_user
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To: proxy_user

Still, if a total SHTF situation would occur and government fiat is worthless, I would assume the gross weight of collector gold coins would matter over the original purchase price.


4 posted on 03/27/2020 6:50:30 AM PDT by Liaison (TANSTAAFL)
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To: proxy_user

You haven’t been keeping up. Most coin shops and online bullion dealers have been cleaned out of their non collectible stock. My usual source is JM Bullion and last week their inventory looked like the toilet paper aisle at Walmart. I did pick up a little when the price briefly dipped to $1477/oz. But I paid a somewhat larger premium then I am used to. Now I can’t find Krugerands or gold/silver eagles anywhere unless you are prepared to pay scandalous premiums. For those willing to accept the counter-party risks there is always the paper gold like IAU/GLD.


18 posted on 03/27/2020 7:12:26 AM PDT by NRx (A man of honor passes his father's civilization to his son without surrendering it to strangers.)
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To: proxy_user

Nonsense. Just try and buy bullion coins right now. The premium is 150 to 200 over spot IF YOU CAN FIND THEM.


22 posted on 03/27/2020 7:18:32 AM PDT by Kozak (DIVERSITY+PROXIMITY=CONFLICT)
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To: proxy_user
"Nobody is particularly eager to buy gold bullion right now, although lower interest rates should cause an upward price trend if they stick around."

It's a little nuts out there... I always managed to get 1oz. silver rounds for about a buck and a half maybe two over spot... Can't find that now..!!

24 posted on 03/27/2020 7:23:30 AM PDT by unread (A REPUBLIC..! if you can keep it....)
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