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Wow, what a beautiful coin. Hope to get it one day.

As the saying goes... it's better to be years early than a minute too late  

Sad for the great country and people of Turkey. Hope folks there stacked gold/silver before SHTF.

Sad for the great country and people of Turkey. Hope folks there stacked gold/silver before SHTF.

Sad for the great country and people of Turkey. Hope folks there stacked gold/silver before SHTF.

Sad for the great country and people of Turkey. Hope folks there stacked gold/silver before SHTF.

Gold and silver price actions have been the opposite of dramatic for months now, they have been boring. In the last 100 days, gold has moved sideways in the US$100 range between $1725 and $1825. 
Silver had a similar experience moving in a US$5 range between $21.50 and $26.50. These ranges are quite small when compared to exciting moves in Tesla shares and cryptocurrencies such as Shiba!
Some people think that being boring this year means we should not own the precious metals at all because it means missing out on exciting things happening everywhere else.
However, this week we’re going back to basics for a refresher about why humanity loves silver and gold, doing so for thousands of years.
The Science Behind Gold
The facets of science that make precious metals valuable, and well – precious; are things that neither bitcoin nor Tesla shares can compete with.
So, we’re going to talk about the science of where gold comes from. And no, we are not talking about mining companies!
We love gold because it comes from stars. Literally, gold is only made in the explosion of massive stars colliding with one another (aka, the “Big Bang Theory”), Read more on the topic.
Only something epically dramatic and powerful like neutron star collision explosions could create the energy required to inject extra neutrons into heavy elements which make the element even heavier and change it from something like iron into gold.
These explosions also spread and scatter the newly formed gold atoms across the universe.
Inflation Is Here!
Watch Peter Boockvar Only on GoldCore TV
 
Before becoming gold, the iron was already stable and heavy, after becoming gold it is chemically perfect such that it doesn’t need to react with any other element, the ultimate leveling up!
Copper needs oxygen which is why it rusts into a green colour. Gold needs nothing and is chemically inert. This inertness is why gold is loved, it is permanent, its shine is permanent.
Why We Still Love Gold
Gold found under Stonehenge which had been formed into a dagger over 4,000 years ago. It turns out that the gold of that dagger came from mines in Ireland.
Gold is unique for another reason. You can divide gold over and over again into smaller and smaller pieces but none of those pieces are valued any less than a larger piece on a per weight basis.
Yes, this sounds complicated but think about the largest diamond you’ve ever seen, now if we cut that large diamond into five smaller diamonds does the price of the five smaller diamonds still add up to the price of that one large diamond?
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Click Here to Download Your Copy Now No, it does not. Larger diamonds are worth far more than small diamonds. But with gold and silver, they can be divided into smaller and smaller items without becoming cheaper per ounce.
This is why gold and silver have been used as currency for thousands of years while diamonds are not used as currency by any country. No one wants a currency that loses value when you try to make a change!
Gold is rare on earth for three main reasons:
The explosions of stars that created gold and seeded the universe with gold atoms are very rare. Those explosions predated our solar system and are not likely to repeat, thus the amount of gold in our solar system is fixed. Gold is a heavy element and so the gold that is inside the planet tends to be deep into the core. It’s far deeper than we can easily find and mine and bring to the surface. This means only in very rare places where gold happens to exist near the surface in large enough concentrations can anyone build a mine and profitably pull it out of the ground. The figure below shows just how little gold there is on the earth’s crust compared to other elements. All the gold ever mined would fit into two Olympic swimming pools. Gold is Incredibly Rare So, what would you pay to own the only thing in the universe that is permanent? Because that is what you’re buying when you buy gold!
Although it might not be exciting bitcoin, gold and silver have stood the test of time and value. In comparison, you will have a really hard time leaving your Bitcoin to your grandchild.
This means that being boring is part of what gold is supposed to do, the price grinds higher over the years but does not need crazy volatile excitement to prove itself or to draw a crowd of investors.

Love those fractional gold coins, so much history.

Love those fractional gold coins, so much history.

Love those fractional gold coins, so much history.

I buy once a month. It's impossible to time the market.

The present market reminds me of the .com bubble.  After that i just bought gold sovereigns , good times, bad times, high or low.  Kept buying and will keep buying. I'm not interested in get rich strategies . Then in a few years time i'll have myself a nice pension . And the thing is , it's tax free. The government know nothing about it. I can sell a few when ever i need to supplement my work pension.  It's the best thing I've ever done.  I'll leave trying to second guess markets to others. Too many Equitable life and Neil Woodfords for my liking ...

I buy once a month. It's impossible to time the market.

I buy once a month. It's impossible to time the market.

I buy once a month. It's impossible to time the market.

I would say after reading all the comments on this thread...BUY GOLD,Period....if you are in it for the long time you won't lose unless their is a world wide economic collapse in fiat or a Meteorite crashes into our planet and if that happens none of us will be here so know point in worrying...😏 Gold and Silver will always be on a rollercoaster of ups and downs controlled by the fed and interest rates,inflation and comments by distinguished financiers as its always been...I will keep buying Gold even if the price continues to rise,obviously we all want to buy on the dip..but for us are in it for the next 5/10/15 years and not day traders or flippers on precious metals I truly believe we will be the ones that benefit on buying as much Gold that we can afford now...and keeping it long term...And of those who do that will see the results in years to come......I don't have to tell you this as you all know ......we are not into buying PM's as a get rich scheme..we are buying and collecting/stacking for our future and our children's future..
Regards..

I buy once a month. It's impossible to time the market.

3 Reasons Gold Will Soar When The Fed Tapers
Gold and silver finally have some green colour to show instead of red on the pricing screens and has broken upwards out of the channel it has been in since mid-June and the highest it has been since the beginning of September.
The gold price has also moved sharply above both its 50-day and 200-day moving averages.
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Click Here to Download Your Copy Now The sideways channel started when the Fed began discussing ‘tapering’ in mid-June. However, now last week’s meeting put the ‘tapering’ plan into place, and gold is moving upwards out of the channel shown on the chart below.

  Why Gold Will Soar?
To that end we are looking at 3 questions this week.
What does “tapering” mean and why does gold care? The term “tapering” became a buzz word in 2011 after the Great Financial Crisis. It refers to the process of central banks reducing the amount of assets they purchase each month.

During the financial crisis many of the central banks reduced their policy rates to zero (or near zero) in 2008 but with the financial system still in turmoil these central banks started purchasing assets, mostly government bonds, but also assets such as mortgage-backed securities and corporate bonds to further support financial markets.

By purchasing these assets, the central banks raise the prices of these assets, which means the interest rate yield is lower, and the central bank is adding money to the financial system. In theory these purchases are to put more money in the hands of financial institutions.

This not only makes government debt “less attractive” (higher price and lower return) but also gives the financial institutions money to buy equities or lend additional money to companies or individuals thereby adding to economic activity.

The gold market cares because central banks ‘tapering’ asset purchases is a form of tightening policy. Less money being added to the financial system each month.

The gold market especially cares about the Federal Reserve (the US central banks) tapering plans, this is because the US is still the world’s reserve currency. As a result most commodities are priced (and delivered) in US dollars for example.

After the Federal Reserve started talking about tapering its assets in 2013, government yields rose, and the gold price declined. This is the same effect that happened after the mid-June Federal Reserve meeting when the central bank started talking about tapering assets.

Safe haven investors will tend to sell their gold investments for fixed income assets as the interest returns they can achieve increase (driven by higher interest rates).
  What can we say about the recent gold price rally? This rally is still in the very early stages. The gold market could indeed stall out before another significantly higher price move. Interesting further milestones for confirmation of the rally are; When the gold price 50-day moving average moves above the gold price 200-day moving average, To see gold prices above the 2021 year-to-date high of just over US$1,900.
  Where does all this leave silver; will it rally too, and when? The silver price has also moved higher in recent weeks, but remains below its 200-day moving average. In general, when the gold price rallies by 20% or more the silver price follows in 3-5 days. It rallies, on average by around 60% higher.  Inflation Is Here!
Watch Peter Boockvar Only on GoldCore TV
 

  Nothing ever moves in a straight line, but now that the Fed has set its tapering strategy in place, combined with the pandemic exposed problems in labour markets and the exposed disruptions in supply chains, gold should thrive as inflation roots itself, especially since central banks choose to stay behind the inflation curve.
Meaning that even though central banks (again notably the Federal Reserve) are tapering asset purchases and will most likely start to raise interest rates next year that inflation will rise faster than the interest rate increases. Hence pushing real interest rates (inflation-adjusted) even further into negative territory.
Even more negative real rates will be good for the metals prices. This is because negative real rates mean cash is trash.

I love South American coins, especially because many have the weight and purity on them. I live in Colombia have bought several this past year at spot (mostly from Colombia). Many are worn and in used condition, not BU. Some are proof coins with wear; it's a shame they were not taken care of. But gold is gold, right? Especially when able to get them at spot or lower sometimes. There are not many options of buying or a huge gold market like in other countries. 

@beacon
Hi, as to the liquidity of these coins in the US, I can’t really say, and I’m not about to go guessing. In the Uk, I would say I am in a small minority of people who appreciate South American (especially Peruvian) gold coins. As such, they would be tricky to resell at much of a premium above spot. My avenue of escape would be an international auction house, where the high grade coins do fetch good, and improving prices..even allowing for auction fees.
The above has been good news for me, as I have managed to hoover-up a large collection of Peruvian gold over the last two years, with very little bidding opposition..although that is slowly changing. That said, the Una Libra collection I have collected is for long-term, and I would part with my far less interesting coins before those, and boy do I have a lot of them😂!
 

Very nice collection. How liquid are South American coins in the U.S. or the U.K? Not selling mine anytime soon, but in a few decades perhaps

But there's a fantastic gold museum! I could spend all day looking at the Muisca Raft. I even bought a replica as a souvenir.

A couple of recent additions to my South American collection..another 5 Quetzals and a 10 Soles.

Indeed! The amount of beauty at the Gold Museum is astonishing  I try to go there every few years.

I love South American coins, especially because many have the weight and purity on them. I live in Colombia have bought several this past year at spot (mostly from Colombia). Many are worn and in used condition, not BU. Some are proof coins with wear; it's a shame they were not taken care of. But gold is gold, right? Especially when able to get them at spot or lower sometimes. There are not many options of buying or a huge gold market like in other countries.