Has Life Got You Down?

Wasn't that inevitable? The supply of gold and silver bullion coins with any theme imaginable has exploded over the years with almost every country wanting to get a cut of the collectors/investors pie.
Forty years ago when the first ASE came out, these coins and the early 20th century coins designed by St. Gaudens did not have to compete with "cutesy-gold/silver-coin-with-picture-of-animal" (or whatever you fancy).

Cheapest Saint Gaudens Double Eagle: $2601.86.
Cheapest Gold Eagle: $2702.60.

These numbers come from a well-known bullion pricing comparison website, which for whatever reason I am not allowed to post a link to.

Probably because they tried to spam us.

The price of gold is up 37% in the last year. Judging from how much the rise has steepened since October 2023, the escalating Mideast wars could be the biggest part.

"Gold is for war. If you want to pay foreigners during a war like WWII, your paper money will only get you so far. Especially if things aren't going well, gold is the only currency that can buy what you need."

-Forbes, 6/17/24

Is sovereign gold buying driving the price increase? Particularly by China, who may be dragging other nations along in their buying spree.

https://internationalbanker.com/ban...uying-spree/

If you happen to hold some gold, you have benefitted greatly from this. But it's not wise investing, just luck. It's no reason to get swept up in panic buying today. The best time to buy was two years ago, not now. We had no idea then that gold was such a bargain. It didn't seem like it at the time. Everyone then was waiting for it to go back to $1200.

And maybe it will. Sell high today, buy low tomorrow.