At least to me.
I have been wanting to write on this thought but did not get around to it until today. I have had a lot of time to think and write today...
EVERY SINGLE TIME I have bought gold, it has always seemed "expensive", even when the price was much lower. Some of my gold I got when it was in the $300s... I remember thinking especially hard about this some 12 - 15 years ago (+/-) when I paid $500 for an Eagle (I almost had "Buyer's Remorse"...). $500!!! EXPENSIVE!
And yet, each time, buying in small amounts over many years, it has never seemed cheap, not at all. It always felt like I was shelling out a lot of dough for a shiny yellow coin or two. Not long ago I bought two ounces more, and I sure did FEEL like paying over $3000 was a LOT for two shiny coins...
Or is that maybe the point? That gold should be expensive... And I do not mean to play word games here (eg, what does expensive MEAN?).
I know that psychology now enters the picture here, but does gold feel expensive to YOU when you buy it? Has it ALWAYS felt that way?
I am very interested in your comments or emails on this!