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Gold

A few years back (2006) or there abouts I did something I never thought I would do.

For once in my life I had a little money ahead and wasn't needing it at that moment so I bought a Canadian maple leaf, a 50 dollar gold piece (99.999) pure 24 carrot Gold coin.
(I live in the USA)
I payed 450 dollars for it from the mint in Canada.( price of gold at that time was around 435 dollars per ounce the world market price for GOLD bullion).
I have learned a gold coin normally brings more than bullion ( I have no Idea why).

The gold market price is 960 dollars per OZ. TODAY at this moment. 5 dollars higher than last night.
A maple leaf on ebay last look was at 992 dollars still bidding)
The US mint has stopped sales of their Gold eagle (one oz. gold) until new blanks come in or so they are saying

The only place to sell GOLD (that I know of) is a Jeweler that makes rings and such (they melt it down and make rings and things from it. you get close to market price from them if they are big enough and know you know the prices.
and believe it or not ebay gets the highest prices selling coins. guess collectors buy them.

does anyone have any input on selling the Gold back after you buy it.???

What I'm seeing each day is the US dollar dropping in value as our government prints money like crazy trying to bail out the failing banks and auto makers etc,etc.
flooding the world with money with nothing to back it up.
read in the news today the same thing is happening in Britain with the pound.
The dollars is just falling a little faster than the pound is.
(at this time)
NOW heres the thing I have (18,000 dollars) left over from a insurance claim
in US paper money that's falling in worth each day.
I am trying to decide if I should buy the most or all of it up in Gold coin and hope the market for Gold keeps going up.
all the news agencys say that's just what it's doing.
words out the dollar is headed for failure. as China ( who holds most US treasure bonds) is getting afraid of our money. and the rest of the world is not far behind.

same thing is happening over there in the UK.

even talk of a going to a new world currency, talk coming out of Russia.

I even wonder if the Bilderberger Group is not behind all this in some way.
I see they were meeting in Greece last week.

WTF would you guys do?
I hate the stock market but GOLD is not the stock market.
one day the money I have now may not be worth hardly a damned thing, even talk of a new world currency with all this crap going on around the world.
Read that on Google news last week.


INPUT?? JUST OUT SINCE POST

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The Brits can dish it out but they sure as hell can't take it.
something they just can't do, sort of like brushing their teeth.
The few crooked ones they have that is.
good by you pricks.

The only thing driving up the price of gold is desperate speculators looking for something to invest their cash in. Stocks and share prices have crashed, they are risky to invest in now since theirs barely any dividend and theres a good chance their value will drop. Interest rates are bottoming out so savings aren't earning what they used to and the property market is frighteningly dodgy. People with cash are just desperately looking for a way to make their money work for them.

Read up on the last time there was a world recession, people were investing in all sorts of things trying to get a return, it started with gold last time, when that crashed they moved on to wine of all things. Investing in wine because its price increases with age, talk about desperation. The only real safe option is to put it in a safe bank, take the 3% interest and ride the recession out. Anything other than that you are running the risk of losing money when you should be holding on to as much as you can.

I heard an advert on the radio (UK) encouraging people to invest in gold. That tells me someone is set to make a nice fee from you purchasing it. Seems a good idea in principle but will be interesting to hear what people think about it.

Gold hit 959 dollars and 35 cents today to settle up 6 dollars and 55 cents higher than yesterday. per. OZ. or thousand dollars worth if you like.
thats 117 dollars and 90 cents in one day.
a 3 percent return it is 45 dollars a month on 18,000 dollars. plus I can't touch my money for 6 months. how much will it devalue in 6 months?
that what I am worried about.

The paper dollar could be worth only half as much as it is now by then.

Meanwhile today the dollar dropped the most it has in quite a while, you see it's worth less every day.
The British pound and Australian dollar climbed today the euro also climbed a small bit.
but the dollar is steadily dropping around the world.

I know the reason but that would take a whole page to type in.
but I can say it's going to get much worse before it gets better if it ever does.
talk is out it may be done away with all together for another currency.
a headline today
"Gold rises above $960 as dollar wilts"

STORY HERE

MY problem is I have 18,000 of them and they are worth less as each day passes. I am not trying to make money I am trying not to lose money!

GOLD is climbing each day>
I am just trying not to lose ground. 3% is piss money I was getting 5.65% last year, but no more. don't know if you can get 3% now on anything but a 6 month CD.
mean while the dollar has dropped 13.5 percent in value as of yesterday have no idea as yet how much more it dropped but the news headlines says biggest drop yet.

LOOK OUT CANADA I WANT SOME MORE OF YOUR MAPLE LEAVES.99.999 percent 24 carrot pure gold. pays out better than 24 carrot bullion. don't know why but it does.
The one 50 dollar (face Value}Canadian maple leaf coin I have is bringing 999 min-1,200 dollars MAX. I payed 450 dollars for it.
it is worth 100% more than it was a few years back( like 3 years) ago when I bought it.
I can't see GOLD going down I don't think it ever has.

what ever Gold sells for it buys about the same amount in goods ,while paper sometimes is only worth paper.
gold sold for 35 dollars a oz. in 1933 during the last world depression . same gold today is selling at $959.35. gold is the best conductor of electrics in the world it's almost indestructible to age or climate. used in space vehicles for indestructible computer parts and electrics. also atomic weapons.
WOMEN do lots of things because of it or for it.
been the currency of the world for thousands of years.
saw two gold doubloons on ebay found on the ocean floor from a 1600's ship going for $65,000 dollars.
and it shines maybe that's why people like it so much. It is just a metal though huh?

__________________
The Brits can dish it out but they sure as hell can't take it.
something they just can't do, sort of like brushing their teeth.
The few crooked ones they have that is.
good by you pricks.

In March 2008 the gold price reached above $1000[6], reaching an all-time nominal high of $1002.80 which, in real terms was still well below the $850 peak in 1980. It then fell, going as low as $709.50 in November, then resumed its upward trend, temporarily breaking the $1000 barrier again in late February 2009.

a little like the dollar ehh or a roller coaster

HEY! Quit bogarting all our gold!

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quote:

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Originally posted by aWe
HEY! Quit bogarting all our gold!

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__________________
The Brits can dish it out but they sure as hell can't take it.
something they just can't do, sort of like brushing their teeth.
The few crooked ones they have that is.
good by you pricks.

And your women!!!

But they do talk too much.