Gold prices

[SilverStacker]

Well I hadn't planned on buying more gold this year but the price drop proved to good to ignore. Just another 1 oz coin but you never seem to lose with gold. All my past purchases have held up pretty well despite the price dump. Gold has dropped $1,000 in the last 3 weeks and no matter what happens in the war the economic conditions for its value remains. The same for silver.

 

[Cigarlover]

I agree. Almost down to where I want to start buying as well.

 

[Viking]

 

[Viking]

 

[SilverStacker]

Well I paid $4,467 for a random year 1 oz Eagle and I judged that to be around the low, or near enough. $1,000 under what spot was on 3 March which is a silver like volatile crash. I considered holding off a few days but figured we'd be talking, at best, saving nickles and dimes at best and a rocket at worst. I'm severely tempted to buy another oz but I have bills and uncle Sam to pay so I suppose I have to hold off.

At the end of the month I'll see where were at and maybe at least another 1/2 oz. Anyway my point being I think were in the valley now with every underling condition that caused the last rocket not only still existing but probably getting worse. This was just a gift horse looking us all in the mouth.

I'm betting this war will be over sooner then later. First off theres the nature of a modern "Hyper-War" of which America excels and because of which were rapidly running out of things to blow up. Secondly its in everyone's interests to get this entire mess over with. Even the Lunatic Mullahs realize this, their population was living hand to mouth even before all this. More importantly Iran's few friends have either abandoned them or are forcing them to cut a deal, most are doing both.

Even if it doesn't I'm not convinced an extended conflict could stop a bull run because the world is in a different economic position then in other wars and conflicts. Central banks are still buying. The silver deficit still exists. A recovery is inevitable. So I'm in for the long game anyways. Until I'm room temperature actually as a legacy gift for my family. To take some of the sting out of my croaking. My kid is an attentive student so hopefully he'll also hold. And while I dont know much about PM's "I'm learning" I do know a lot about warfare and military technology and have 18 mos experience in the region myself and Iran is getting their ass's pounded by a modern "Hyper-War" of a 100% smart munition strike package and were running out of targets as well as leadership to deal with ; Israel too.

The time is coming where were going to have to replenish our weapons stockpiles, along with our allies and friends, and were going to have to come up with cheaper means to defend against the asymmetric threats were wasting expensive missiles on. So defense stocks will go thru the roof and new technologies are coming tho I wont bother naming them all. Trump will get back to weakening the dollar, which is good, and all the good things he was doing will continue.

I wish I had more cash to buy more gold now.

 

[SilverStacker]

I agree. Almost down to where I want to start buying as well.

I'm sure I dont need to remind you, tho I will anyway, to keep an attentive eye in prices because I think the gold turn around is going to be quick and your going to want to get in soon. Maybe I too should have waited but I guessed were at, or at near enough, the floor and I'd better get in. If it holds I'll buy another 1/2 oz at least at the end of the month. Maybe another oz if its just to good to pass on. Right now its at a pretty stable floor in the $4,433 range.

 

[Bottom Feeder]

Two ounces of gold to pay off my property taxes next month.

 

[Cigarlover]

I'm sure I dont need to remind you, tho I will anyway, to keep an attentive eye in prices because I think the gold turn around is going to be quick and your going to want to get in soon. Maybe I too should have waited but I guessed were at, or at near enough, the floor and I'd better get in. If it holds I'll buy another 1/2 oz at least at the end of the month. Maybe another oz if its just to good to pass on. Right now its at a pretty stable floor in the $4,433 range.

I think we are closer to the bottom than the top and the risk reward profile is starting to look better. Same with some of the mining shares. As we have seen though this war throws a kink in the works and things can change very quickly. When it's over I do agree that we will see a nice recovery. Unfortunately we keep sending more and more troops so I feel like this war can go on for awhile. I think the bond market will have a strong influence on his decision but who really knows at this point. For now, cash is safe.

 

[SilverStacker]

I'm jumping in with both feet now. Monument has 2026 ASE's for $75 and thats with the $5 premium. Whens the last time you saw a $5 premium on new ASE's like this ? I maybe wrong, silver probably has more air underneath it, but I think it will be the bounce back news story of 2026. We'll see.

Then again silver stackers are the biggest optimists on the planet. But the last time I bought 1 oz 2026 ASE's they were $80 with an additional $10 premium and at the time that was as cheap as they got, or near enough. And as much as I love the full gamet of silver coinage beauty-wise I decided this year to buy only ASE's for their liquidity. Ive bought rounds too but coin-wise Ive only bought ASE's.

 

[Ttazzman]

Imho ........watch the 200dma.......gold is 4100-4200ish 200dma.....i see that as the floor unless fundamentals change and we move to a gold bear market........ also watch the silver 200dma while its also a "floor" silver is much more frothy and overshoots ceilings and floors regularly .....

just my very basic half a century observations and thoughts on a macro level

usually 200dma is a good entry point as long as you still see the market as bullish

last time i bought silver was around 50 when it was in the momentum phase of the last run, seems like to me we are consolidating right now and usually there is a drop below consolidation levels before the next big run

but in a choice cash or metal right now metal wins every time

 

[nickndfl]

Dollar cost average in and make several purchases if you are spending more than $10k.

 

[SilverStacker]

Yeah the majority of my silver I bought at $29 to $50 when I slowed down quite a bit, a coin here, a coin there, but the 20, 30 coin purchases came to an end. And I hated doing it because I'm a dedicated coin-o-holic and love a worldly stack. But since it did rocket to $50 and beyond what I did buy was strictly ASE's and maybe some 10 oz bars along with "some" junk rolls, 50 centers and dimes most of all.

But I have a gut feeling we've reached a floor and $70 is a strong price for 2026 ASE's when a $5 premium only is added. At most if it drops further it will be a limited drop before the next rocket escapes the manipulation players. And then were off to the races.

Cigar cash may be safe but its also a pretty rotten way to hold wealth. The only wealth vehicle your practically guaranteed to lose value with. Now even at a full scale "dump" silver has still doubled its value in 2025, or better, and few investments can say that. Silver I bought in Jan 2025 is still worth twice it values and "most likely" will grow further because the conditions that sparked the rocket not only still exist but have done got worse. And mining stocks are still hot ticket items. This war has created Bear'ish conditions and you can get into proven companys like Hycroft for $32.08. Coal stocks are cheap and an assured gainer under Republicans. If you dont want to take your chances with the Chinese there are some hot mining stocks in Chile and Peru.

Meanwhile the world keeps turning and the need for silver, rare earths, copper, Lithium, coal...ect still continues to grow.

 

[SilverStacker]

Gold back on its way at $4,516. Even silver starting to move over $70. I dont like to give advice but I'm tempted to buy another coin. One question I have is, yes I agree the 1 oz American gold buffalo is a very nice coin why is it consistently more expensive then other 1 oz coins ?

 

[nickndfl]

For some reason more people want the .999 24k Buffalo over the 22k AGE. They both have 1 oz of gold and the AGE even has some silver in it. I have both and buy whichever is less expensive.

You should also consider Krugerrands or any pre-1933 you can buy at spot.

 

[Ttazzman]

foreigners (asians) prefer 24k...... to me gold is gold.......i even have some of the first modern american bullion coins (american arts series) which are out of favor