Thursday, February 10, 2022. When can you know that a move in the precious metals prices, gold and silver, might be real, as in might be the start of a truly big move?
Answer: I think that a huge confirming ‘signal’ that a move in metals is real is when I see prices of NUMISMATIC coins start going up.
I own the metals in about every form you can imagine. I have bullion. I have “junk silver”. We own mining shares, mining funds, royalty company shares, and we have NUMISTAMATICS. Those are those mint state US gold coins that went out of production before the US move to confiscate them all in 1933.
For the longest time, our numismatics were sitting on one price level and not moving. That was a signal to me that metals demand was revolving around the mean, while the metals prices themselves were pretty much bouncing up and down around a price support level, on a technical charting basis.
Then, JUST yesterday, the site where I watch the buy and sell prices of our numismatics had a whole lot of price revisions… UPWARD. Our particular holdings included.
Now, I won’t ry to calculate what the average price increase was across the board for all the coins repriced yesterday… But, ours were raised an average of… are you ready for this?
Thirty-Three Percent! 33.33%!! By One-Third!!!
I’ve seen our numismatic coin prices move before, sometimes up, and sometimes down… But, I ain’t NEVER seen their prices adjusted by any 33% before, up OR down. To me, this is unprecedented, and it speaks to me in a way as to say… When you were saying all assets have been being inflated and might be going into bubbles… that is everything, but the precious metals… I was also thinking, Hmmmm, I wouldn’t be the least bit surprised if 2022 wasn’t their year to shine again!
More later, as I examine some charts….
Harold
Gold Stock Trader 