#1
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Buying Gold
I would like to start buying some gold coins/bars. I have read a few things after searching google and it looks to me like I am going to have to buy coins. The problem there is that the grading of the coin is much more part of the price than the price of gold itself. I had more in mind just buying coins for the price of the gold though. Does anyone have any insight on gold purchases?
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#2
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Re: Buying Gold
You want gold bullion. Bullion often comes in coin form, current mints, with little to no numismatic ("coin value" versus "gold value") value.
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#3
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Re: Buying Gold
Why do you want to buy gold?
-SmileyEH |
#4
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Re: Buying Gold
Look into the new streetTRACKS gold ETF. It trades just like a stock on the Amex under sumbol GLD and is backed by actual gold.
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#5
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Re: Buying Gold
Was anyone else expecting this post to be about World of Warcraft?
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#6
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Re: Buying Gold
[ QUOTE ]
Why do you want to buy gold? [/ QUOTE ] No reason other than I just want to. Here is an interesting statistic that I found though that might change my mind: Here's what a dollar invested in various things would have grown to, from 1802 to 2001 (Yes, just about 200 years!): not adj. adj. for inflation for infl. Stocks $8.8 million $599,605.00 Bonds 13,975.00 952.00 Bills 4,455.00 304.00 Gold 14.38 0.98 |
#7
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Re: Buying Gold
[ QUOTE ]
Here is an interesting statistic that I found though that might change my mind: Here's what a dollar invested in various things would have grown to, from 1802 to 2001 (Yes, just about 200 years!): not adj. adj. for inflation for infl. Stocks $8.8 million $599,605.00 Bonds 13,975.00 952.00 Bills 4,455.00 304.00 Gold 14.38 0.98 [/ QUOTE ] What's your source for this? Not challenging, just curious where you dug these numbers up. TIA |
#8
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Re: Buying Gold
[ QUOTE ]
No reason other than I just want to. [/ QUOTE ] Good to know you've got a thoroughly-analyzed financial strategy in place. [ QUOTE ] Here is an interesting statistic that I found though that might change my mind: Gold 14.38 0.98 [/ QUOTE ] Gold is a tactical investment. It does very well during times of fear or high inflation. But long-term it's a dog. Not only is the number you quote correct, but iirc it has never beaten inflation over any 10-year period. (Don't quote me on that. It may have been never beaten stocks.) |
#9
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Re: Buying Gold
[ QUOTE ]
[ QUOTE ] Why do you want to buy gold? [/ QUOTE ] No reason other than I just want to. Here is an interesting statistic that I found though that might change my mind: Here's what a dollar invested in various things would have grown to, from 1802 to 2001 (Yes, just about 200 years!): not adj. adj. for inflation for infl. Stocks $8.8 million $599,605.00 Bonds 13,975.00 952.00 Bills 4,455.00 304.00 Gold 14.38 0.98 [/ QUOTE ] Given the accuracy of even GDP numbers from the 19th century... |
#10
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Re: Buying Gold
[ QUOTE ]
Was anyone else expecting this post to be about World of Warcraft? [/ QUOTE ] LOL. I was thinking that or EQ2, seriously. |
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