Posted on 08/06/2020 7:11:22 AM PDT by Presbyterian Reporter
(Kitco News) - Gold prices are again sharply higher and hit a record high of $2,064.90, basis October Comex futures, in early U.S. trading Thursday. Silver prices are also sharply higher and hit a more-than-seven-year high of $28.54, basis September Comex futures. October gold futures were last up $25.00 an ounce at $2,062.10. September Comex silver prices were last up $1.45 at $28.34 an ounce.
Importantly, while there are no early chart clues to suggest the gold and silver markets are close to major tops, both are now getting short-term overbought, technically, and are due for downside corrections in the uptrends. And remember that with the higher volatility and bigger daily price gains seen at present, there will also be bigger downside corrections when they come.
(Excerpt) Read more at kitco.com ...
Silver up $1.40
I had plenty of gold and silver until that boating accident on L. Superior. A skilled diver w/ enough equipment might find it profitable to look it up.
In retrospect silver would have been a great buy at $11.04 on March 19, 2020
I “dollar cost average” my physical gold purchases. The “portfolio” looks strong today.
You have better 20-20 hindsight than I do.
I bought 1000 troy ounces of Silver @ $12/0z and 30 ounces of Gold @ $1150/oz some 12 years ago with little appreciation in that time.
Nice to finally see my investment paying off although my primary reason for buying a hard asset was just in case the country went belly up.
Many of us were saying, in April, that the response to the virus will give us a gold and silver rally. It’s not that they are suddenly worth more. It’s that the dollars they are measured in are worth less.
Mary Hartman Mary Hartman
Silver is really on a tear.
“””Nice to finally see my investment paying off although my primary reason for buying a hard asset was just in case the country went belly up.”””
My strategy as well. Who knows when or if the dollar suffers a major decline in value.
We have seen in places like Japan where the yen dropped from 130 to 80.
One of my first memories as a child was my brothers and sisters running around saying Mary Hartman, Mary Hartman and laughing. I knew it was a TV show, but thats about it. Was it any good?
My Dad gave my daughter a 1904 gold coin and 6 silver coins. We have no idea how much they are worth. How do I find a reputable coin appraiser in the Dallas area. We just want to know how much they are worth. Not looking to sell.
“Mary Hartman Mary Hartman”
The mother of “Fernwood Tonight”.
A show I found hilarious.
The price of the dollar is down in relation to gold. The same amount of gold gets you fewer dollars.
I did pretty much the same thing at the same time. I also bought quite a bit of junk silver too. It's all for doomsday not for making a profit.
Carol Burnett’s parody of MHMH was so funny I had to watch the actual show to compare the two.
But Martin Mull stole the show as Barth Gimble on “Fernwood 2-Nite”.
I thought it was all due to COVID, so will gold collapse once we are past COVID comfortably?
If you don’t mind taking the time to register and post pics here:
https://www.cointalk.com/forums/whats-it-worth/
Lots of nice people who will help you out.
The nice thing about the fact that your Dad did that and that you are looking for the value is that it might inspire your daughter to collect. Help her out all you can. It’s a great investment and legacy. Ms. Southpark’s grandfather was a farmer and lived modestly. Collected coins all his life. When he passed in 2014 the collection was split between 3 grand children. The value was approximately 50K for each of them.
I’m in PA so don’t know any dealers in the Dallas area but if you need help feel free to PM me.
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