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Which Way For Gold? Up? Down? More Of The Same?

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Pillar of the Community
United States
7266 Posts
 Posted 10/03/2025  8:48 pm  Show Profile   Bookmark this reply Add Marve65 to your friends list
Crazy to think I was buying gold St Gaudens at $500 in the early 2000's and thought that was too high of a price!
Pillar of the Community
United States
1910 Posts
 Posted 10/03/2025  9:08 pm  Show Profile   Bookmark this reply Add MrPink2018 to your friends list

Quote:
I love to read your posts on this and other threads and have little or nothing to offer. I have been into the poor man's gold (silver) for several years now and am thinking of dumping some because I think it will fall again and can buy it back at a cheaper price. It's fun to listen to you guys throw numbers around that I have little comprehension of. I like it.


i enjoy reading everyone's posts, especially as it pertains to gold, because I know very little. there are many ccf members who are much more savvy re: the markets than i. I have almost no friends anymore and they aren't into coins/PMs. I'm sure both of those people get tired of me constantly yammering about what gold is doing. I get enough camaraderie here to get me by. I tend to babble, so I try to limit posting. dunno 'bout you, but I can stay in bed all day and do nothing but read about coins & PMs on ccf, not to mention looking at all the pictures.

i like silver, too, but I intentionally keep only a certain amount, for various reasons, and I can only have just so much gold, primarily because of the cost of it and what I can afford. I got in at a good time and have been fortunate enough to make some good purchases, like those three 2016 gold centennial commemoratives... man, am I glad I acquired those. it's almost unbelievable what they are selling for now.



see that? I got to babbling and lost the point I was getting to...

well, maybe it'll come back to me later.

i wouldn't be surprised to see a correction, but I think gold has much farther to go before it tops.
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United States
7529 Posts
 Posted 10/03/2025  9:45 pm  Show Profile   Check -makecents-'s eBay Listings Bookmark this reply Add -makecents- to your friends list
MrPink, I always enjoy your posts, regardless of what they are about.

As for gold, maybe someday but am spread a little thin from many other things I have my hands in. I have the wedding ring on my finger and a crown on a molar, that is my gold worth for now.
-makecents-
Pillar of the Community
United States
1910 Posts
 Posted 10/04/2025  04:04 am  Show Profile   Bookmark this reply Add MrPink2018 to your friends list
i have a chunk of gold in my head, too. I have a gold crown on my #3 molar, but I lack a wedding band, which is fine because I don't do jewelry anymore; I'm too thin. if I start adding serious jewelry it throws me off balance. having the gold crown in my head is bad enough, I'm constantly listing to port and veering off course.

if gold keeps rising, i'll be looking to go after the $1 gold coins needed for my type album instead of acquiring/stacking bullion. I've seen other ccf members post similar thoughts.


Valued Member
United States
273 Posts
 Posted 10/04/2025  12:29 pm  Show Profile   Bookmark this reply Add glenmorenee to your friends list
Saw this on X.

"39% of fund managers have a 0% allocation to gold, per Bank of America."
Pillar of the Community
United States
7266 Posts
 Posted 10/04/2025  4:39 pm  Show Profile   Bookmark this reply Add Marve65 to your friends list

Quote:
"39% of fund managers have a 0% allocation to gold, per Bank of America."


That's because they don't allow gold in prison
Pillar of the Community
United States
1910 Posts
 Posted Yesterday   9:00 pm  Show Profile   Bookmark this reply Add MrPink2018 to your friends list

Quote:
"39% of fund managers have a 0% allocation to gold, per Bank of America."


wow! that's nuts! I found an article w/video on yahoo finance from late september that mentioned the 39% quote above. I watched the video, but they really said nothing about that quote. the accompanying article mentioned it and spoke of it in terms of "untapped investment potential" or something similar.

if that's true, I wonder where they've been for the past few years. I'm glad I didn't miss the boat.
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1910 Posts
 Posted Yesterday   9:02 pm  Show Profile   Bookmark this reply Add MrPink2018 to your friends list

Quote:
That's because they don't allow gold in prison


good one, Marve65.
Pillar of the Community
United States
5340 Posts
 Posted Yesterday   9:59 pm  Show Profile   Bookmark this reply Add barryg to your friends list
Gold currently at $3935 in overnight trading.

Just saying...
Pillar of the Community
United States
3830 Posts
 Posted Yesterday   10:46 pm  Show Profile   Bookmark this reply Add Joe2007 to your friends list
Was at a country estate auction over the weekend and these high silver precious metals prices seem to be doing little to deter buyers. It was a feeding frenzy. Common Morgan's in worn condition selling for $55-60, silver halves selling for $20 each, silver dimes getting $4 apiece.
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United States
5340 Posts
 Posted Today  2H 57M ago  Show Profile   Bookmark this reply Add barryg to your friends list

Quote:
Oh I think we're all done MrPink. The pin has pricked the balloon.

You may quote me.


Gold just hit $3960. Can we still quote you, thq?

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United States
5340 Posts
 Posted Today  1H 47M ago  Show Profile   Bookmark this reply Add barryg to your friends list
Still rising. According to the price charts at APMEX.com, Gold is now at $3675 and silver just hit $49. I'm thinking today's the day when gold hits $4000 (if only briefly), but we'll see...
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171012 Posts
 Posted Today  1H 7M ago  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Gold currently at $3935 in overnight trading.

Quote:
Gold just hit $3960. Can we still quote you, thq?

Quote:
Still rising. According to the price charts at APMEX.com, Gold is now at $3675 and silver just hit $49.


Quote:
I'm thinking today's the day when gold hits $4000 (if only briefly), but we'll see...
Pillar of the Community
United States
632 Posts
 Posted Today  1H 0M ago  Show Profile   Bookmark this reply Add Silverskunk to your friends list
Its like watching a game of cricket.
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