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Re: Long-term chart 

By: Decomposed in GOLD | Recommend this post (1)
Thu, 02 Jun 22 4:50 PM | 198 view(s)
Boardmark this board | Gold 		Msg. 00017 of 00028
(This msg. is a reply to 00016 by micro)
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micro:

Re: “So, with these things in mind, as the resident Gold investor and researcher, WHY should someone BUY GOLD and what do you do with it if you buy Physical gold when you want to sell it?”Thanks micro.

Gold doesn't just come in 1oz portions. Gold sovereigns and francs weigh in at .186 ounces and are smaller than a penny. You can buy and sell them from/to any reputable coin dealer.

Similarly, the shops that sell krugerrands, American Eagles, Chinese Pandas, Canadian Maple Leafs, etc., will buy them from customers. There's usually a commission whether the customer is buying or selling. Today, for instance, gold is $1,868/oz, and a 1oz and an American Eagle is $2,144 at Lear Capital. That's a $276 commission, which is very high. That's partly because American Eagles are collectibles but it's mostly because Lear Capital advertises on Fox News and charges customers an arm and a leg. You'll get a better price on the less collectible South African krugerrand... currently $2,124 at Lear.... and still better with a 1 oz gold bar - which Lear doesn't sell.

If you're making a sizeable transaction, 10 oz or more, a local jeweler will probably be happy to work with you. I've never gone that route, though, so I don't have practical tips on what might be involved. Make phone calls.

BTW, I just checked a different site, BostonBullion. Its Krugerrands - which, like the American Eagle, contain a full ounce of gold - are $1,915 right now. Only $47 over spot! Lear Capital, clearly, is ripping people off.

Also, BostonBullion.com has a prominently displayed "Sell To Us" tab: https://bostonbullion.com/sell-to-us/







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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
Re: Long-term chart
By: micro in GOLD
Thu, 02 Jun 22 2:29 PM 		Msg. 00016 of 00028

Hi De!

You are officially "The GOLD Standard" ! lol!!!

Seriously, the chart is a great place to begin. I will point oiut that gold has risen $600.-$700 in 4 years.. Considering that it was around $1200 in 2018 that's not a BAD Rate of return

Around 32 percent over 4 years. That is 8 percent per annum.
That said, its expensive to get into because of the cost per ounce . Zim might could buy 100 ounces as an initial buy but he has wisely invested in sticks that pay dividends, which is the gift that keeps on giving.. I like that move..

I do not own gold or silver.. I have thought about it but can't quite seem to pull the trigger...

I am guaranteed a minimum 7 percent annual increase on my investments.. It matters not what the markets do, its seven percent per annum at the low end.


So, with these things in mind, as the resident Gold investor and researcher, WHY should someone BUY GOLD and what do you do with it if you buy Physical gold when you want to sell it?

I mean, I can't go to the store and use Gold coins to pay for things.. And I need to worry that my own government would likely try to confiscate my physical gold as it has become more of a tyranny than a government.


Anyway, I have bookmarkeed tis site and look forward to reading more.. As you know, I am not a huge poster due to time constraints.

Best wishes on this new board De !!

micro...


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