GoldFinger1969

Both Gold and Silver reversed on news of a potential end to the conflict. Stocks went up, PM's down. To be continued....

The Wells Fargo "Kink": It's somewhat strange but the WF Hoard did not add linearly to the high-grade 1908 NM's. The hoard totally dominates the MS-69, 68, and 67 grade level and the huge increase from the WF Hoard is why there are price drops at those grade levels versus other MS-67 commons. While the numbers of MS-66's and 65's were swollen by the WF Hoard, the numbers from other commons like 1924's still dwarfs them. So the price discount there for the 1908 NM's, even with the WF Hoard, is not anywhere near that for the MS-67's and MS-68's. The price grids in the Burdette Saints book and recent and historical auction prices shed more light on these interesting pricing trends. Any dealers here ? Would love to know what you saw in-person in the mid-to-late 1990's when the WF Hoard hit.

Up another $65 to $2,060 or so....it's a runaway freight train.

Forgot to add that 1923-D's and 1927's -- which are considered common Type coins in lower grades -- sell for about $16,000 and $18,000...give-or-take. That huge increase in MS67/68's for the 1908 NM really lowers the price by more than 50% from the cheapest other 67's. Estimates I have seen are that there are definitely a few hundred serious Saint collectors who want to pay up for high-quality coins and are into registry listings. With 2,000 (or more) 67/68 coins available, you can fill that demand plus lots of others who normally wouldn't pay up for a condition rarity grade. Fascinating to see how price rises parabolically when the population tails off....and conversely, see a big drop in the same grade when you switch Type coins from rare to scarce.

We hit $2,000 earlier today.

Approaching $2,000 an ounce.....emerging markets central banks are buying gold.....the El Salvador/BitCoin thing isn't really doing much to kill the gold appetite....also, the long-term moving average for gold is moving UP which means this move in gold is not in the late innings.

CTRL-C your comments partway through if it is a very long post and you don't want to lose what you typed so far.

Can I pay with PayPal ?

All I know is....you could DIE.... from that CRACK !!!

Couldn't all this information being public be a security risk ?

I believe the Parsippany Garden State Coin Show is tomorrow (Sunday March 6th)...anybody planning on going ?

Not an expert on non-U.S. coins, but I would think recent auctions are your best friend, no ?

Wow, I didn't know that. You would think the average reader of NY papers wouldn't care about that only bankers and government officials. Very informative. Thanks, Roger.

Question for Roger: How did you find otherwise obscure articles from The New York Times or coin journals (among others) that were not critical to the book but added very small details to help you at various points in the book ? Articles like "$3,770,000 Gold To Go Today" (NYT 3/10/1909) on page 6? Did you have some search engine that scanned The Times for ANY article with the world "gold" in it ? Otherwise, unless you were really focused on a very minute detail that doesn't seem critical, I don't know how you would have found some of the footnoted resources you eventually ended up using...or it wouldn't have been worth the time and effort to find them. Many of your footnotes and obscure notes are super-detailed and quite frankly you could have completed the book without many of these minute footnotes and/or tidbits of information. Don't get me wrong, I'm glad you included them (they add to the book)....I'm just wondering how you even found some of them. Did you have some search item that when you asked for "gold trade" 150 articles came up and then you could narrow the field or scan them for relevance ?

Actually, LukOil -- #2 oil company -- came out against the war and Putin. Need others to follow.

Not necessarily. These guys want to use yachts and go on vacataions and spend time in their $50 MM pied-a-perre or whatever they call it for luxury apartments and mansions. These guys are now TOXIC as long as Putin is in the Ukraine. It's like being a millionaire member of the Third Reich in early-1945. Try and enjoy your status !!

But down 4% today.

Going more.....now up $32 and closing in on $1,970. Again....if these Russian oligarchs get screwed out of their BitCoin holdings, the entire rationale for $1 trillion in crypto goes down the toilet, IMO. If even 10% of that goes into gold, look out.

I guess shooting at nuclear power plants isn't soothing the markets. Gold up another $15 today to $1,950.

This guy is looking for $2,700 in a year.....and $7,400 in 5 years !!! https://oilprice.com/Energy/Energy-General/A-Perfect-Storm-Is-Brewing-In-Gold-Markets.html

From my old colleague, probably the best oil analyst on the Street: "...In the clearest sign yet that almost all buyers of Russian oil have left the market, the country’s flagship crude was offered on Tuesday at a record discount of $18.60 a barrel under the Brent benchmark. Even at that exceptional discount, several times larger than the usual couple of bucks difference, there were not a single bid for the barrels."

I'm a quality over quantity guy, too. Of course, my passion is Saints and other gold coins so it stands to reason I am not buying in huge quantities unless PowerBall or MegaMillions hit.

But the government must not have known about it, because once Fenton's lawyer had it, they agreed to split the 1933 Saint. Can I ask how you and a few others found out about the E-I letter while it appears that the government folks did not ? Seems to be public knowledge to anybody who looked except the feds. Too bad, I came across a few of his articles from NN and they were very good. Guy had some good stuff.

FWIW, I'm working on a coin article. Might have it ready in a few weeks....or months. When I have it ready, I'll post it. If you would like to read it and offer suggestions before I submit, just PM me or LIKE this post. When I have it 99% complete, I'll send you a draft.

Has anybody heard from QA ??