Author Topic: Gold Just Broke $1300USD in Asian Trading  (Read 14565 times)

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Offline Herrmo93

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #45 on: June 30, 2016, 11:13:32 AM »
Gold pandas have made a significant move up already. It's bullions turn. Spot price of 1300 or 1400 will not affect the pandas price except to say that the numismatic premium will be somewhat reduced.

Yeah you are probably right. Although a big increase will have effect on some pandas

Offline dynamike51

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #46 on: June 30, 2016, 12:01:02 PM »



It is all simple math.   There was a book written a few years ago mentioned on TV named something like The Curious Case for $900 plus? Silver.     Many articles have done the math and say silver will rise to $1,000 oz and some say $10,000 silver today.    My question is this.   We all know China owns the gold and has tremendous wealth so the Yuan can be tied to gold in the future.   The US and West is bankrupt.    This means the best of Chinese money will be gold/silver minted in China.   When 1 oz of silver bullion reaches $1,000 what will a 2003 silver panda be worth?   $5,000?    $10,000?    As i posted in the past when the US dollar goes down, rare US coins will drop in value.   Yuan up, rare Chinese coins/medals up.       Yes the USD purchasing power will drop big time but that is already in the cards as the IMF has stated a revaluation of world currencies.    The world financial powers that be have this mapped out a long time ago.    The West has huge debt, derivatives so we are upside down because we sold our manufacturing, etc to the world, mostly China so they are rich and we are poor.    Many of my friends that are collectors understand this now and they are getting word out to their family/friends.    For us in the West we will hopefully survive by owning bullion but to have wealth we must own MCC.    Our world will become very turbulent as Peter Shiff and so many others have warned us......I do not own much bullion, some junk silver is about it......... Online opinions say this....100 million people is about 1/3 of the USA population or 1/15th of China's population.   100 million Chinese will flood into MCC in the future.   We all know Chinese are buying gold/silver like crazy because they have a clue.   I emailed many collectors/dealers about 100 million Chinese that will flood into MCC and not one argued w/ that opinion.    The dealers in Asia tell me the rich Chinese will soon outbid the World for their MCC just wait and see.   I agree.........Again the future is this;  the best of money will be rare coins/medals and MCC minted in China.....just my opinion and i cannot find any evidence that opposes it.....

Your comments are based on the markets having a little reaction (volatility) to Brexit? Stop the wacky hyperbole, please. You have a better chance of hitting the lotto than silver hitting $1000/oz. (in the foreseeable future)

Offline silverpv

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #47 on: June 30, 2016, 12:16:55 PM »
It's one of those common beliefs of imminent collapse.. I also don't think that will happen. No one argues that China's population is large, but they aren't really putting much money in MCC. If a handful of buyers can corner the market, its not that big. The simplest math is the prices are still not there, only rarities are popping but US coins are still way out front. Not to say that cannot change but not in the near future. China is still full of corruption. I also don't see a ton of value in medals, but that's just me. I'm sure a bunch of people here like the medals. The simple evidence is the fact there's been a 20 year run and only now a handful of coins are up significantly. Not to say they can't continue, but there has to be a driver. Collectible markets are for wealthy nations. China still hasn't shown its full hand and put value on its cultural arts. It still values western art more. That may change, but not likely in the near term. In the type of imminent collapse numismatics lose their premium, so you're better off with bullion. After a recovery and prosperity once again, then the rarities begin to grow but it takes nearly a lifetime of holding. To survive, bullion is what you are missing. There's still no real driver to promote MCC in china. The 2003 1/2 buying is shared purchases with US investors speculating. Not all of them are going to China. So now that the US is adding more fuel to the growth of MCC, not just China's rise.

Wafdawg, when I mention strong dollar its against other currencies not necessarily inflation protection. People in Europe are scared and run to the dollar and gold. US still has one of the best markets until someone decides to cash in.

Offline Pandora

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #48 on: June 30, 2016, 12:53:00 PM »
yes , bearish stock market could result in bullish metal market. But I don't think that gold price will skyrocket.
i wonder how this will reflect on the price of gold panda coins.... :thumbup:

It may not impact the rare 1/2 and 1/4 gold panda much, but 1 oz and fractions in general will increase in price. More than the underlying bullion price, the sentiment and momentum will push the prices higher.

Offline Wafdawg

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #49 on: June 30, 2016, 01:42:31 PM »
Wafdawg, when I mention strong dollar its against other currencies not necessarily inflation protection. People in Europe are scared and run to the dollar and gold. US still has one of the best markets until someone decides to cash in.

I agree that the dollar is the best fiat currency at the moment.

Offline Wafdawg

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #50 on: June 30, 2016, 02:01:56 PM »
Yeah you are probably right. Although a big increase will have effect on some pandas

Yes my comment is in regards to key date pandas, semi-keys, etc.  The biggest move up for pandas will be for the 2016's since they are the most tied to bullion price. 

Offline Mirkkanen

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #51 on: June 30, 2016, 03:19:31 PM »
Please refrain from disrespecting Pandamonium's POV. He does not disrespect yours.

Questioning a fellow member is fine, but antagonizing is not in the spirit of this forum.

Offline Grip

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #52 on: June 30, 2016, 06:19:48 PM »

Offline pandamonium

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #53 on: June 30, 2016, 08:24:35 PM »
Thanks Mirkkanen.     I do not attack others opinions.    I just read a lot of different opinions on line and many emails, then come to my conclusions.   Derivatives are much worse then most understand.   USD is not for me.    China is doing very very well and the photos prove that.    For me it all boils down to who owns the gold.     I remember the days when the US economy was strong and everyone that wanted a job had one.   I am sad for the West as we have given away our ability to create wealth.   Chinese are buying up the world's best assets and gold.   How long before the Chinese discover their national price MCC?        Back in the 1980's i read that investment capitol flooded into the rare US coin market and many collectors made bank.   Why can't that happen in the near future for rare Chinese coins/medal or MCC?....

Offline NBM

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #54 on: June 30, 2016, 09:16:20 PM »
Quote
Back in the 1980's i read that investment capitol flooded into the rare US coin market and many collectors made bank.
I don't know for sure but it's possible that as many lost "bank" on speculation schemes as made "bank".
This was the era that birthed the likes of Hannes Tulving, and many others who were prosecuted for "rare coin" investment schemes.

Offline mazinger7000

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #55 on: June 30, 2016, 09:21:14 PM »
Please refrain from disrespecting Pandamonium's POV. He does not disrespect yours.

Questioning a fellow member is fine, but antagonizing is not in the spirit of this forum.

silver is $18-$19 per ounce. stating that it will be worth $1,000 an ounce definitely qualifies as hyperbole. and i ought to have said something months ago about pandamonium's political post where he explains why he's voting for trump, clearly in violation of CCf rules. but better late than never. if i antagonized, i do apologize. however, i don't want to know who you're voting for, and neither does anyone else on this forum.

Offline Pandora

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #56 on: July 01, 2016, 12:21:08 PM »
Gold crossed 1331 and 1340 - both important levels. Next is 1360. If can not cross 1360, then may be back to 1331 and re-test it. If it crosses 1360, next target 1450.

Offline Tao-Panda

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #57 on: July 01, 2016, 01:35:42 PM »
silver is $18-$19 per ounce. stating that it will be worth $1,000 an ounce

 :001_wub:

Offline Mirkkanen

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #58 on: July 01, 2016, 02:33:00 PM »
Gold crossed 1331 and 1340 - both important levels. Next is 1360. If can not cross 1360, then may be back to 1331 and re-test it. If it crosses 1360, next target 1450.

Moving too quickly for my liking. "Slow down, you're movin' too fast . . ."

Offline silverpv

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #59 on: July 01, 2016, 03:11:58 PM »
Moving too quickly for my liking. "Slow down, you're movin' too fast . . ."

 I was also going to put an inuendo... but resisted!