Gold price is not out of line with fair value, lots of upside potential - Charlie Morris
Kitco
"The gold market is seeing some significant selling pressure as it breaks below critical psychological support at $1,900 an ounce; however, one fund manager said that prices are still holding a healthy premium above fair value. In an interview with Kitco News, on the sidelines of the Denver Gold Forum, Charlie Morris, chief investment officer at ByteTree Asset Management, said that he currently sees gold's fair value around $1,600 an ounce. He explained that when gold prices were hovering around $1,900 an ounce, the market was trading with about a 15% premium. He added that valuations are in line with the fundamental factors driving the precious metal. There is still plenty of upside potential, he said."
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1 oz Canadian Gold Maple Leaf .9999 fine Gold Random Year 1 oz. RCM $50 Coin
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United States Circulating Coin Values
This table does not reflect U.S. Mint production costs, but the pure base metal value that composes the coin. Calculations are based on coin weight, metal composition, and base metal prices. The "Metal % of Face Value" column represents the percentage of metal that comprises the denomination's purchasing power. A coin that is over 100% in this category has more base metal value than purchasing power.
Table based on March 04, 2021 close base metal prices:
Copper $4.0618/lb  0.1130 |
Zinc $1.2335/lb 0.0189 |
Nickel $7.6618/lb 0.2484 |
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United States Circulated Silver Coin Values - Updated Every Minute
These coins were in standard circulation until silver was removed from all coinage in 1965 and 1970 (40% silver half-dollars). I recognize that the silver Eisenhower dollar was issued as a collectible only, but I'm still categorizing it with this group. This table illustrates how far the metal value has progressed compared to the denomination's purchasing power after the debasement.
Table based on March 04, 2021 12:52 PM PST silver prices:
Silver $25.39/oz -0.72
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