Price of gold is sky high

[Masteryacht]

Yeah, I don’t own any, but it’s kinda wild to see the chart. It was only around $250 an ounce in late 1999. Of course, crypto has put that increase to shame. Don’t have any of that either unfortunately.

[BraveBold]

Originally Posted by EverCloserUnion

Genuine question from someone who's been thinking of buying gold - is there a reason to avoid Krugarrands?

No, zero reason to avoid them. They are heavily traded and recognized. They have a slightly lower premium than a handful of other coins in the USA but that means little. You pay that (slightly) lower premium up-front. Globally they are as recognized as any other, if not more so.

[garyk]

Originally Posted by Mystro

Every political change affects consumer confidence either up or down but it IS a huge factor. Just watch the stock market and following interest rates. This isn’t even a debatable truth. This isn’t politics but historical fact in knowing how to make money at the optimal time.

Well Mystro, how quickly they can turn on you! I still appreciate your photography and as a Porsche guy and musician, I agree with everything you say lol….

[garyk]

Originally Posted by HogwldFLTR

Gold and Sky, hmmm. what could this be about?

Hahaha, good one!!

[Norbert]

Originally Posted by BraveBold

No, zero reason to avoid them. They are heavily traded and recognized. They have a slightly lower premium than a handful of other coins in the USA but that means little. You pay that (slightly) lower premium up-front. Globally they are as recognized as any other, if not more so.

I believe Krugerrand along with the Mexican Onza and Canadian Maple Leaf have to be reported when you sell them. So that's a negative on them. Other gold coins you don't have to report, or the buying dealer doesn't.

[njlam]

If I was running a watch manufacturing company and the price of gold went up more than expected, to maintain margins (and not raise prices off schedule), I would produce more steel models to maintain/increase profitability.

But what do I know?

[0nly5iv3Digits]

Originally Posted by njlam

If I was running a watch manufacturing company and the price of gold went up more than expected, to maintain margins (and not raise prices off schedule), I would produce more steel models to maintain/increase profitability.

But what do I know?

Hopefully Rolex SA come to the same conclusion