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Gold buying.? |
is it a good time to invest in gold time..will the price go down further? Gold prices dropped about 10 years ago to under 300 bucks an ounce. England debased their economy from gold. They dumped 60 tonnes of gold on the market. As that gold got used up the prices have risen. That time was the best time to buy gold . Today it is good to own gold as a stabilizer. Gold isn't usually volatile like that. Is is boringly stable. Back in the 1850's an ounce of gold would buy a really nice suit. Today that same ounce would still only buy a really nice suit. Gold keeps up with inflation. If i were to invest in gold i would buy historical gold coins. Minted by the government. Not the coins produced by private companies. I would buy the highest grade of the rarest coin i could afford. There will be no more of these coins made ever. Every day another coin collector is born.Make sure the coin has been professionally graded and slabbed by the most reputable graders. Yes I think it will seems US dollar is back in favour for the time being anyway. All the talk about the feds and interest rates. Wait for it to be priced in first. |
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Interesting time to buy gold now that it trades over $1,000 per ounce. Five years ago you could have bought it for under $350 an ounce. Can I ask why you weren't interested in buying any back ... Gold is about $624 per ounce right now. I don't what size brick you had in mind, but it would be costly. A 10 pound brick would be 160 ounces x $624 = $99,840. Go to apmex.com to buy gold... The last spike in Gold was in the early 80's and there was no major drop in the markets. ...It is easy to get started in gold investing and it can be a smart move--maybe. First, the ishares gold exchange traded fund trading symbol is IAU (Silver is SLV). So you can buy gold (or silver) ... Any large bank will offer you a range of services to buy gold, the usual routes are gold coins or even krugerands. Just walk into your local Citi or Bank of America, and ask to talk to someone abo... $50/oz gain x 100 oz = $5,000 ...You should be able to buy coins at a local dealer. In Canada you should also be able to buy at Scotia Bank ...Gold is an option, but maybe not the best. There are several ways to invest in gold. Buy gold coins. Disadvantages: have to store them, have to pay mark up to buy and mark down to sell. ... |
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