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More Thoughts On Moderns Coin Collecting

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Gyrene7483's Avatar
United States
1704 Posts
 Posted 05/30/2015  01:53 am  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list Get a Link to this Reply

Quote:
always liked to have some a.g.e. around for rainy days its just not time to buy yet
$1,200.00 is the break even point for mining gold. The three major banks who set the spot price of gold are not going to let gold drop too much lower than that, it is not in their best interest to let it do so. Look at the spot prices since January 1, 2015. In March there was a decline over several days and bottomed out at $1,147.25 the next day it was $1,166.00 then $1,183.10 the next day. It was $1,175.95 on May 1st and has not been lower than $1185.00 since. Cumulative average so far this year is $1,210.81. Now is the best time to buy gold.
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Ralph's Avatar
United States
1582 Posts
 Posted 05/31/2015  4:34 pm  Show Profile   Bookmark this reply Add Ralph to your friends list Get a Link to this Reply
My modern coin collection consists of cents through dollars, and I update it every year by buying the unc mint set from the mint.
The only proofs I do are the dollars, and half dollars. I get the Pres proofs and the ASE proof from the mint, and go to ebay for the Sac proof, as well as the Kennedy clad proof, and the Kennedy silver proof. Keeps it simple, and not real expensive to keep my modern coins collection up to date.
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