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 Replies: 21 / Views: 1,092 |
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Valued Member
United States
219 Posts |
Tough call, its price is so sensitive to many things. $3,295 right now which has been fairly low in recent weeks considering. I don't know if this matters much to the prospective buyer as it takes time to trickle down to us in price. It just got down to $ 3,292 a few times so the trend is to come down.
But its still above my cut off point to buy. Still to expensive since I prefer 1oz coins. How do you feel about it ?
I'll add I wouldn't mind a few more coins this summer so I'm not saying "never" since I like a little variance in my stack.
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New Member
United States
6 Posts |
As long as the money changers keep doing what they are doing, concerning the printing press and monetary policy, gold will continue up.
But nothing goes up forever without correction.
This is just a correction.
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Valued Member
 United States
219 Posts |
Yes I think your right. All economic indicators and world situations paint a gloomy forecast for future gold prices. For buyers at least.
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Moderator
 United States
54167 Posts |
Gold isn't up, your currency is down.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Moderator
United States
162409 Posts |
Quote:
Gold isn't up, your currency is down. 
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New Member
United States
8 Posts |
What goes up must come down.
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Pillar of the Community
United States
2083 Posts |
With the uncertainty surrounding tariffs, unemployment, housing, recession fears, etc., gold is taking a breather. A few days ago, the RSI on the $GLD was near 80. Nothing goes up in a straight line but I suspect higher highs in golds future.
Edited by coin rejector
04/28/2025 12:21 pm
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Pillar of the Community
United States
1755 Posts |
gold coming down to earth? no.
just a correction? yes, sort of.
currency down? yes, definitely.
gold going higher? yes, silver, too, eventually. just wait. hodl.
I've been telling people for years that the currency is losing value, worth less and less every year (worthless; but that's fiat for you). bankers, 'investors', stackers and coin collectors understand.
I'm past the point of trying to get people (ie, friends/family) to understand. I read about this 20+ years ago. now I'm seeing it play out. that's all that matters to me. it's one reason why I ride around picking coins off the ground every night.
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Bedrock of the Community
United States
10910 Posts |
$2500 USD will be down to Earth. Not sure if we'll ever see that again though.
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Pillar of the Community
United States
3246 Posts |
Until sovereign governments stop buying tons of gold, the price will stay high. And it really can't come down unless they start selling.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Valued Member
Canada
120 Posts |
Silver looks to be cheap right now compared to gold .
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Valued Member
United States
219 Posts |
Quote:
Until sovereign governments stop buying tons of gold, the price will stay high. And it really can't come down unless they start selling. Yeah I agree. And I don't see them stopping any time soon. The markets and the Geo-Political situation is just to unstable and will probably get worse. Started at $3,334.54 today and ended at $3,317.89. I don't have a lot of faith in seeing sub-$3,000 gold any time soon. I'm gloomy on the matter. Thoughts ?
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Pillar of the Community
United States
3246 Posts |
It's the same situation as always. If you want gold you have to step up and pay for it. I remember when $400 seemed like a lot. Back then no one wanted it the way they do now. It was a place holder. Now it's a hedge against paper notes that people are losing faith in.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
04/29/2025 8:14 pm
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Valued Member
United States
219 Posts |
Well it was just $3,270 which is lower then Ive seen it in over a week. No doubt over good tariff news as China continues to relax the tariffs on stuff they need. I know we can't talk politics here but talking the markets I think the markets sniff headways with countries coming to terms with the new American trade reality whilst we are being practical as well.
I never doubted we'd come to terms with out Euro friends but if we can land India, China, Japan, and South Korea it will be a major win. Asia is where the future is economically. And if, and its a big if, we can prevent Iran from getting the bomb without having to blow the place up "which aint gonna happen" then we just might see $2,500 gold again. Sub $3,000 oz certainly, which puts it in my cross hairs.
Mind you were I rich I'd still be buying gobs of it but I'm not. Already my May budget is blown tho I'm always looking to pick off a good deal. Maybe I'm dreaming about sub $3,000 gold with these countries buying it by the ton weight but a girl can dream. It would be nice to be able to afford a few more 1 oz coins.
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Moderator
United States
162409 Posts |
Quote:
If you want gold you have to step up and pay for it. My rear if firmly planted in my seat.  
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Valued Member
United States
219 Posts |
Probably going to close sub $3,280.
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Replies: 21 / Views: 1,092 |
Posted 04/28/2025 10:27 am
