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Anyone ever bought any gold?
Posted on 1/10/16 at 10:24 pm
Posted on 1/10/16 at 10:24 pm
Pros and Cons?
Posted on 1/10/16 at 10:39 pm to samson73103
If you buy the physical stuff, I believe you'll pay a premium to the spot price and you'll have to figure out where to securely store it. There are some gold and silver ETF's out there, however, that follow the price of the underlying metal minus the fund's fees.
But why buy physical or ETF gold now? As the dollar becomes stronger, particularly when interest rates are raised again this year (up to 4 times!), your gold will lose significant value. You'd be better off just holding the cash.
But why buy physical or ETF gold now? As the dollar becomes stronger, particularly when interest rates are raised again this year (up to 4 times!), your gold will lose significant value. You'd be better off just holding the cash.
Posted on 1/11/16 at 8:42 am to samson73103
quote:Only collectible gold coins, not for their gold content but for their numismatic value.
Anyone ever bought any gold?
I only own gold coins which were minted in New Orleans, which increases their collector's appeal.
Posted on 1/11/16 at 11:08 am to LSURussian
quote:
I only own gold coins which were minted in New Orleans
No Carson City? Have to step your game up.
Posted on 1/11/16 at 12:24 pm to LSU0358
quote:I have numerous silver CC dimes, quarters, half dollars and dollars but no gold. You?
Have to step your game up.
Posted on 1/11/16 at 12:36 pm to LSURussian
Same...I have some silver Morgan's. The few gold CC's I've come across where too pricey for me.
Posted on 1/12/16 at 4:37 pm to Omada
Thanks for the info. Always been told that gold was a good offset against inflation and my mutual funds are worth less every quarter it seems. Also thought if these terrorists every take out our grid that having gold would be valuable.
Posted on 1/12/16 at 5:26 pm to samson73103
quote:By gold salesmen?
Always been told that gold was a good offset against inflation
Gold historically is a terrible inflation hedge. Over any 10 year period except 2000-2010 (I believe that's the decade, it's been a while since I looked at it) gold has not kept up with inflation.
Posted on 1/12/16 at 8:41 pm to samson73103
quote:Whether that is true or not is irrelevant right now because we have been facing a lack of inflation lately. Deflation seems like more of a threat than inflation right now.
gold was a good offset against inflation
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