Will $3,000.00+ Gold Lead To The Depletion Of Collectable Gold Coins?

Well when gold was $3,500 I told people to consider selling some, tho not all. Its now at $3,313 hovering right under $3,300 and I think barring any catastrophe it wont make $3,500 again in the short term. Only these tariffs have people nervous and the big players buying, and tariffs long term are in nobodys interests. China's least of all.

But sell some or keep it I don't see gold as a losing investment either way. I do think silver has a bright future which is why I'm stacking but its as a Legacy investment. My loved ones will do what they want with it all when I'm dead and buried but I did try and school them to be patient with it because other then my kid buying the new 'vette he wants theres no need to sell it before I go cold.

https://silverseek.com/article/sams...m-silver-car

https://silverinstitute.org/silver-...r_technology

https://www.greenlancer.com/post/so...ology-trends

https://www.coincommunity.com/forum...5&FORUM_ID=3

This technology is real and while it will be coming out in rolling percentages I think it, and solar panels are the future too for at least a percentage of our energy needs. And demand is far outstripping production meaning as production needs increase then recycling and net physical investment will become more and more important.

I worked security at a metal recycle joint and learned a lot about the Industry. Silver is high on their list. Were I a young man I'd start stacking it now with my extra funds not my milk money. When I was young and making all that O.T. money I wish I had spent a portion on silver then but I can only putter on in retirement.

I think the increase in silver recycling is a telling point as is the effort by many countries to both produce and horde the stuff. My gut tells me that at these prices and these rations silver is a safe bet. It may not make you rich but its a safe hedge for those of us who can't afford stacks of gold.

Pity because $3,300 oz gold may very well happen shortly when this tariff thing gets smoothed over. A year ago it was $2,300 which really makes you want to cry. How many investments give you that kind of return ?

Should be no negative impacts. Gold has relatively few industrial uses and is generally held as an inflation hedge. Government issued bullion is perfect for that since it has guaranteed weight and purity. Melting bullion down to create more bullion, with less of a guarantee on quality and weight, would be pointless.

Good points.

I am not expecting gold to be melted, there is no benefit to it.

Silver, on the other hand, will get melted faster than a knife fight in a phone booth.

I now wonder hat $5,000+ gold will do to the collectable coins. Gold is far outpacing the numismatic value of collectable gold coins. Crazy times we are in for sure. Stay warm.