Could It Be True
Could gold actually go to $2000.00 an ounce?
I haven’t posted for about a month now. I haven’t forgotten and I share the excitement that most everyone else has. The market has been so steady at rising that it almost seemed unnecessary to post.
eBay has been weird. The Canadian Gold Leafs have been very active and the selling prices have reflected the activity. But the Buffalo’s have been not so active. In part, I believe that most of the private collectors of Buffalo’s don’t want to let go of the coins that they have because the supply of older coins is dwindling and with the upward spike in bullion, why would anyone want to sell now? Most of what is attempting to be sold in Buffalo’s are some 2009 releases that the commercial sellers are asking prices that the ebay community for the most part does not feel ready to pay. When there are some private sellers, the bidding gets pretty dramatic. For example, a common number of bids in the past, has been between 10 and 15 on a common gold coin. Now, I have seen it as high as 54 bids with plenty of 31 bids. (Plenty only meaning when a coin is put up for auction which doesn’t seem to be that often).
The result has been that the Canadian Maple’s have just about caught up with the selling prices of the Buffalo’s. The Buffalo’s have been historically selling at prices $100-150.00 above the Canadian Maple’s. As you can see from the trend graph, this is not the case now.
To say the least, I am happy with the way things are going with my little investment. And as usual, I wish I had more to spend when I did buy my small stash.
