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Gold Coins ? Anyone moving into gold ?

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Gold Coins ? Anyone moving into gold ?

Old 10-28-2009, 03:06 PM
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Default Gold Coins ? Anyone moving into gold ?

As the world turns in a direction I dont agree with

What do you think of Having a little Gold Coin on hand in the
House safe next to the GUN case !

Was thinking of buying some Gold coins
Anyone have any advise on this

J
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Old 10-28-2009, 03:29 PM
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Gold is at highest price it has EVER been. Just out of curiosity, why would you buy now. I just sold what few coins I had.
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Old 10-28-2009, 03:40 PM
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I agree Price is at all time highs, Just wanting to get Edumucated
http://www.gold101.com:blog:index.php:gold-vs-dollar

I want to get educated on buying the actual coins If and when a Correction occurs
i will have a little more insight then I Have now, I talking to a salesman with a vested Interest in the sale is not the brightest move,

Forrest Gump

J
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Old 10-28-2009, 05:21 PM
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I was playing some eft's like ggg. Money makes money...

CMP
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Old 10-28-2009, 05:48 PM
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Don't forget companies that own land and mine Niobium. Many mine gold on the same land, so it has a good outlook. I am conservative, but not a tinfoil hat wearer, so I will not own gold, in solid form in my basement. Sarissa Resources is one I like and own. Long term play with great upside, IMO.
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Old 10-28-2009, 06:11 PM
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We all have our reasons for doing what we do and you have yours don't allow someone else to turn you off if you think it a good idea.
The above members are correct gold had gone up and you missed the boat if you were looking to make money on it.
However you may be of the mind set that if the country goes to hell in a hand basket you'll have a liquid currency that few others will.
That being gold and silver coin.
I personally keep several gold coins and a few pounds of silver coins around just to be safe. It cost me little as interest rates from the bank are 1% if that, and I have peace of mind.
It's my business and it hurts know one if I'm wrong but me.
We all have a comfort level so do what you can afford, if things do go bad (I'd bet they won't but I try to hedge my bets) you'll be in the drivers seat when it comes to getting bread.

Do some research all gold coin are not the same.
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Old 10-28-2009, 07:05 PM
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If you are intent on having some physical gold, then bullion is better, you pay less premium to the spot price. Buy in small sizes, easier to liquidate when that time comes.

good luck!

Randy
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Old 10-28-2009, 07:15 PM
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I buy gold bullion and other metals all the time. Gold isn't expensive, the dollar is weakening. Obamas spending policies (and preceding administrations) are/will accelerate this.
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Old 10-28-2009, 07:17 PM
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Comex bullion is the way to store wealth. No boats are being missed. Gold will continue it's upward march for decades to come
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Old 10-28-2009, 08:13 PM
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If you want to buy gold because you think the currency is collapsing or the world is coming to end, that's fine but purely as an investment physical gold is notoriously one of the worst. 20 years ago gold was abt 450/oz, now at it's historical highs is a little over 1000-, that's just more than doubled in 20years. Can you think of any other investment you would happy with that result after 20 years.

Last edited by JEVLACH; 10-28-2009 at 08:26 PM.
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Old 10-28-2009, 08:29 PM
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I got lucky and bought about 10k 5 years ago. I "cashed" in about 3 weeks ago. I only bought the gold because I got a fantastic deal. Now im going to take the cash I profited and put it back in gold when it goes back down. Hopefully.

I really love gold!

Obama isnt helping either so I might buy some insurance gold. However I hate to buy now because of its price.
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Old 10-28-2009, 09:40 PM
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Originally Posted by JEVLACH View Post
If you want to buy gold because you think the currency is collapsing or the world is coming to end, that's fine but purely as an investment physical gold is notoriously one of the worst. 20 years ago gold was abt 450/oz, now at it's historical highs is a little over 1000-, that's just more than doubled in 20years. Can you think of any other investment you would happy with that result after 20 years.

100% CORRECT gold is not the best way to get a return on your dime.

What I like about a gold coin is the coin comes in recognizable sizes and are commonly traded. Not the a bar of whatever size is not but I'm partial to a coin. Silver coins are great for smaller purchases and every day items if things ever go bad.
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Old 10-29-2009, 04:02 AM
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Keep in mind there are other ways to hedge against a falling dollar. My allocation to foreign stocks and bonds is 40% of my overall portfolio. The days of saying the US is the most stable market are gone. Convential wisdom has always been allocating roughly 20% of your Equity exposure overseas. When rates start to rise here, watch out because the dollar will strengthen.

The process of investing is a long-term game which will go through many cycles in the future. Don't get in a rut thinking it is a one way street. Be well diversified and concentrate on the macro changes.
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Old 10-29-2009, 06:44 AM
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If there ever comes a times when you have to pay for a loaf of bread with gold or silver, I believe ammo will then be the better currency. Not being a mercenary here, but by that point 'civilized' society would be long gone.
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Old 10-29-2009, 09:16 AM
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Originally Posted by 08087 View Post

100% CORRECT gold is not the best way to get a return on your dime.


It is if your "dime" is 1/10th of a US dollar, whose global dominance is being replaced by a new global currency.



Oct 6, 2009
... Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.

The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years. ...

http://www.independent.co.uk/news/bu...r-1798175.html



And then the next day we have this:



Oct 7, 209
Saudi Arabia’s central bank chief denied holding talks on dropping the dollar as the currency for pricing oil, and said his country’s foreign-exchange peg to the dollar is a matter of national economic interest.


http://www.bloomberg.com/apps/news?p...d=apt5We30uqlA
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Old 10-29-2009, 10:21 AM
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devildogdad, good, if not GREAT point. I agree with that.
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Old 12-01-2009, 04:07 PM
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1200.00 and climbing
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Old 12-01-2009, 05:19 PM
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My only question is if the dollar is worth nothing why would gold me worth anything? If it's that bad I would think a trade/barter system would be in effect. Can't eat, sleep in or drive gold.

Gary
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Old 12-01-2009, 05:36 PM
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Originally Posted by Gmack View Post
My only question is if the dollar is worth nothing why would gold me worth anything? If it's that bad I would think a trade/barter system would be in effect. Can't eat, sleep in or drive gold.

Gary

Bingo. You cant eat gold. Plus why go to all the hassle of buying storing, selling it, etc. Why not just buy a gold etf.
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Old 12-01-2009, 06:07 PM
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You can drink it...

http://en.wikipedia.org/wiki/Goldschl%C3%A4ger
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