Are Gold and Silver gonna keep going down?

[Not a Cook]

A friend of mine wants to sell some mint condition gold coins. Any suggestions where?

What coins? Are they "mint condition" bullion coins? If so, your friend isn't likely to realize any additional premium over straight bullion buying prices from a reputable LGS. If the coins are semi-numismatics or true numismatics, the best place to sell will be to buyers with specific interest in those coins. Without knowing which coins they are, no one will be able to give you any meaningful recommendations. So... what are the coins?

[harbormaster]

how

Not sure it goes poof in a second. The return has to be record setting in terms of time and investment. Clearly a $1000 = $50,000,000 in less than a decade? What else has done that?

Ridiculous to even try. And... it could go poof in a second.

[wpage]

Like everything. All that has intrinsic value have a base. Good companies and thier stock values rise and fall with the tides of the market. Precious metals the same in commodity markets...

However virtual items like bitcoin have no real value other that speculative.

[therealnickb]

Not sure it goes poof in a second. The return has to be record setting in terms of time and investment. Clearly a $1000 = $50,000,000 in less than a decade? What else has done that?

Nothing has ever done that to my knowledge. Which is one of the main reasons to be very leery.

[skyscraper]

Like everything. All that has intrinsic value have a base. Good companies and thier stock values rise and fall with the tides of the market. Precious metals the same in commodity markets...

However virtual items like bitcoin have no real value other that speculative.

The dollar has no intrinsic value. But that doesn't mean it's worthless....

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[skyscraper]

Technology will likely get stronger. Agreed. But....

100% wrong on that last point. A public company with a solid balance sheet, a product people are willing to pay for, has in fact a lot backing it up. These "stocks" aren't just stocks. They own products that are in demand, real assets, IT, r&d etc etc and have brilliant people managing all the above.

While a start up may require faith, a well established well run company is backed by plenty of real assets.

IMO, that is true but times are changing. Uber is worth 68 billion, but owns nothing. Same with air bnb. I don't know how cryptos will work out, but comparing them to other bubbles(real estate, dot com) is apples to oranges.

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[Bill*]

Hmmmm...Provident Metals just partnered up with Dillon Gage. They say they're going to increase their inventory substantially.

[lostinsurf]

and Gold headed down again for two days. N Korea hasn't fired at anybody lately and Irma storm blew by.

Seems like down to me until next fear or disaster.

[cvigue]

However virtual items like bitcoin have no real value other that speculative.

That's a commonly held misconception - there is a thread someplace here that covers this.

[lostinsurf]

eldorado gold just had a 16% up day.

Greece gave them a permit.

I took my profits and ran. Gold headed down.

[OCGunFan]

There will be an opportunity to buy metals when the stock and bond market takes a ****, which will happen in a year or two, depending how the Fed Res, gov't and wall street handle the next credit seizure.

Every time the stock / bond market take a ****, the leverage traders dump their most liquid asset (gold & silver) to cover their positions. At that point the metals drop sharply for 2-3 weeks, when the leverage traders have washed out of the metals market, prices stabilize when metals buyers absorb the inventory just dumped and prices start rising again. It will be a short period when metals will lose 50% + - and provide a great buying opportunity.

That being said, the institutional & big money people have been loading up on gold & silver at rates never seen before. The SEC filings for corp officers selling stock is like watching the rats jumping ship, again, it's off the charts and pretty obvious that those in the know are cashing out of the stock market. Remember, gold & silver are not necessarily great investments, they're vehicles to conserve intrinsic wealth against fiat and worthless paper money issues by central banks. I think the metals will drop when the stock / bond market takes a dump, but the physical metals will still be worth "money" when compared to hyperinflationary paper money.

[Darklyte27]

Anyone in Mining Stocks, ETFs, such as NUGT, JNUG, GDX and GDXJ?

they are lagging behind the current price of gold.
think they will catch up? Any ideas if gold wiill break 1400 this time around?

[TheChief]

Gold and silver coming down from the September peak.

Gold $1273/ounce
Silver $16.9/ounce

[the86d]

As far as stocks go, I see them lasting (over all) as anyone with a retirement account is required to invest in them for a tax break (401k/IRA, ETC.), but there is no such requirment for btc, right?

[the86d]

Teeter-tottering @ about $17 for a while now...
People less scared of the economy with a non-Democrat at the top of the food-chain?

I guess this is our mid-point price happy-place, or did people think they were going to get-rich-quick, then suffer reality, so it stagnated?