Questions for the gold community.
I recovered some of my silver from the bottom of the ocean. One of my intentions is to play the GSR when the timing is right. I do not own any gold. I have never traded silver.
- Would you consider the ratio right now to be low enough to do so?
I found a shop with a couple different options. One of which is a 1/4 ounce American gold eagle MS70 which peaked my interest. Their price is $1260, 7% over spot.
As somebody that is interested in gold for its monetary value and not its numismatic value, does it make sense to purchase slabbed coins?
Do we think the buy back premiums for slabbed coins will continue to diminish as gold spot price increases in the future?
Is 7% over spot egregious for a 1/4 ounce AGE?
I’m leaning towards feeling like purchasing the slabbed gold eagle is a bad choice.
Please advise, thank you!