Back up to $1169

Eagles are prettier (imho) and brighter (3% silver). Krugs have a lower premium. We're not buying gold because its pretty...

Such a weird feeling. I was truly hoping gold went down even farther in order to further my buying. At the same time if it went below $1100 (where I made my first purchase) I'd be rather upset at "losing" money.

Still to early to tell, but are people thinking this is "the correction"? I'm really hoping its not, but I don't know what I actually think. Hopefully gold is really low in about 3-4 months (I don't think it will be)

meh, as long as central banks continue to buy gold I doubt the price will go down much as the purchasing power of these institution should make the dips very shallow. Given this support it boggles the mind how a few large banks continue to heavily short gold/silver.

I didn't mean American Eagles. I said Double Eagles vs Krugs.

oh, well, no silver in them

seriously though, I would stay away from numismatic coins unless you're actually interested in collecting them. I have no idea how those coins will preform relative to gold, but realistically I would expect the % premium to decrease as prices increase (but what do I know). As such my advice from earlier still applies, krugs are cheaper.

I am kindof interested why the decision is between a krug and a double eagle, it seems like a rather odd comparison (also why I made a bad assumption).

I bought a Double Eagle when gold was about $870 for about the same price as I could have bought a Krug. I do like collecting coins and it is kinda purrdy, but I'm not sure I'd do it again unless it was for a St. Gaudens DE, but those typically have a higher premium.

What does it cost to extract an additional ounce out of the ground?

bout tree fiddy

Less gold in a DE, right?

0.9675 troy ounces of gold in a DE

http://truthingold.blogspot.com/2009...s-begging.html
This leads to the inevitable question, why isn't the mint using the governments vast stores of gold to continue production. The logical conclusion is that the gold receivables make up the majority of current US gold holdings.

There are often many reasons why these things don't happen in the cluster**** that is government. There could be innumerable archaic rules preventing more than X amount of reserves coined or it could take lots of bureaucratic wrangling to get it done. Either seems as likely on the surface.

Gold getting killed today- down under 1130 now.