Numismatics – “Hobby of Kings” & Philately – “King of Hobbies”

George and Sir Kaiser, your question is reasonable and fitting since Gold is probably undervalued today. A study from January 2021 analyzed gold’s true valuation based on historical ratios, money supply growth and the strength of the dollar [i.e., dollar strength-adjusted money supply (M2)]. The report conclusions estimated that gold should be priced closer to $2,400 – $3,000 per ounce (as of a year ago). As a baseline for supporting their estimate, they considered the level of gold production and mining cash costs, and based on gold production and mining costs, gold’s value should be $2,100 – $2,200. This helped to verify a floor of around $2,400 for gold’s true intrinsic value.