Higgenbotham’s point about coins as a hard asset is the useful one. Spot gold in the headlines is 24k bullion. A family that liquidates a 14k chain or a broken ring is selling about 58% gold, and a pawn shop or cash-for-gold counter will pay a slice of that melt, not the ounce price on CNBC.
If the ...
Search found 2 matches
- Fri Sep 04, 2026 9:41 pm
- Forum: Finance and Investments
- Topic: What can families do now to protect themselves?
- Replies: 20
- Views: 21900
- Thu Aug 13, 2026 10:36 am
- Forum: Finance and Investments
- Topic: Why did the price of gold rise to $5600 and then fall back to $5100?
- Replies: 1
- Views: 22167
Re: Why did the price of gold rise to $5600 and then fall back to $5100?
A move from $5600 down to $5100 looks dramatic on a chart, but it is about a 9% giveback after a straight-up run. That is profit-taking, not a regime change.
The spike had the usual stack: a weak dollar, another round of “who buys all this Treasury paper,” safe-haven flows, and a lot of late money ...
The spike had the usual stack: a weak dollar, another round of “who buys all this Treasury paper,” safe-haven flows, and a lot of late money ...