Minting Gold (6/5/13)
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- čas přidán 5. 06. 2013
- After a one-day plunge in gold prices in April, demand for American Eagle gold coins soared, and the government ran out. Now, the coins are being minted again. Sharon Epperson reports for NBR on what goes into minting those investments
WOW that was cool. Thanks for posting.
I wish I could buy a 400 oz. bar for only half a million dollars... 😭
A monster box (500 American gold eagles) is about 1.1mil as of today June 2 2023. If you could find 400oz for 500k jump on it lol
At 2:00 minutes that 1 oz. American 24K Buffalo sells for about $2,100.00 U.S.D. today
This was record in 2013 when prices were almost as high as it is today . People tends to run out and buy when the price is up but just like before the price of gold will gat smacked down causing the speculating investors to panic and sell , driving the price down even further and that is when I'll be back buying at bargain prices . After gold past high of $1900 it had dropped to $1050 an ounce over the 4-5 year span , and everyone back then were saying gold prices will continue rising before it started to drop . Patience is the foundation to buying low in a " rinse and repeat " gold market .
@@mannybruce8950 I'm also happy to not be paying the current high premiums for now. Agree. Keep buying on the pullbacks
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Wow! That was cool.
drool😍
dont get me wrong, thats alot of gold, but part of me was expecting more.
Uncle Scrooge McDuck in theory has the most gold. Didn't you see Duck Tales?
@@onewizzard how could I've been so blind!
how to make gold coins
Its papuan gold from freeport indonesia
Sliver egales are more popular
Gold is softer than silver yet the silver coin machine can press out coins faster than the gold coin machine
Maybe the gold machine has to handle gold more gently and carefully?
the process of rolling the bar into long sheets for pressing takes longer for gold. you have to run through the roller much longer and at a slower speed. or the sheet will break.
Man i worry about buying anything like that from the government. For a few reasons. 1 they inflate it 2 history says the once confiscated it and silver. 3they keep a record of who owns it.. im good id rather buy bars or rounds . Numismatic value is not much to me anyway.. although i do like those eagles appearance . I like a lot of different coins but the numismatic side of that isnt real appealing to me. I guess the reason for that is ive tried that side of the fence and it always falls flat for me ,i wound up losing money on it so i got away from it. Funny how others can do ok with that but you find and own exactly the same thing and it somehow magically is worth less.. ill stay away from that market. Seems a bit shady to me.
Precious metals maintain intrinsic value. It's our fiat money you have to be worried about inflating.
Dude no one from the government is going to confiscate your gold or silver. It's such a niche market and it is much easier to confiscate the money in your bank account or IRA. The only time it happened was before electronic banking when everyone owned gold and basically no one complied with it. Only a handful if people were ever prosecuted. It is a scare tactic shady gold dealers tell you so you buy higher priced semi-numismatic coins because "they weren't confiscated back then." Well what would (in the SHTF crazy scenario that all the country's other assets were liquidated) you think they'd exempt it now?
Once it leaves the authorized dealer, the chain of custody is broken and no one knows who has what, especially if you pay in cash.
Gold and silver hold their value and do not inflate.
Once they sell to a wholesaler, no one knows who owns it. The wholesaler sells it to a LCS or online dealer. If someone pays cash, it disappears. It appears that you seem to flip coins for a profit in fiat when the purpose for owning gold is a hedge against a failing monetary system.
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Buy gold we're being solded out
C
the entire silver eagle market is insane if you ask me. first to me the design is not even appealing, it only holds an ounce of silver (not much value) and the premiums are outrageous when compared to other silver coins or especially gold. it's a losing trade unless you have some collector on the other side when you have to get out of it. I think grown ups should just stack 100 / 10 oz silver bars as their budget allows . peace guys.
It depends on the reason why you are stacking silver. If you are stacking silver to convert to currency (or use as currency) during an economic crisis, then ASEs are the way to go. They are well known, their quality is high and they will hold their value better than generic silver. If you believe the price of silver will go up in the future and you are looking at silver as more of an investment, then generic rounds and bars are probably the better way to go.
10 oz bars are a great stacker for silver.......👍
If you're into having 1 oz denominations it's better than 1 oz bars.
Depends where you're buying your silver. Over here silver still has VAT and 17,6oz bars cost more than 18 1oz silver coins. Small-time stackers pretty much have to choose between coins and rounds in that case.