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Freaking out a little...


TreasureGirl
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So...

 

Where are the best places to acquire gold and silver? I imagine that I could go buy a crapton of junk silver from the local dealer but I'd like some gold as well, should I buy it from the U.S. mint or from eBay or from dealers, etc?

 

Thanks all,

TG

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So...

 

Where are the best places to acquire gold and silver? I imagine that I could go buy a crapton of junk silver from the local dealer but I'd like some gold as well, should I buy it from the U.S. mint or from eBay or from dealers, etc?

 

Thanks all,

TG

 

I like to buy pm from private people because they aren't usually as up and up on it's true value. I also try to not buy from the mint because I prefer them not knowing who has gold and silver, especially after 1933 and I think 1967

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gold is very high...I wouldnt buy it now.

 

Not really. Gold is going to continue a roller coaster ride on the upside for a while. But I would rather play my money on the currency exchange. It's a more challenging short term investment. :ninja:

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One share equals a tenth ounce? OK, so I bought a tenth ounce AGE coin less than a year ago from the Franklin mint for $65. Today at a coin show they were asking $95 for 1/10 oz. AGE coins.

There's $30 profit. Can the ETF do that?

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One share equals a tenth ounce? OK, so I bought a tenth ounce AGE coin less than a year ago from the Franklin mint for $65. Today at a coin show they were asking $95 for 1/10 oz. AGE coins.

There's $30 profit. Can the ETF do that?

 

Gold is gold is gold... Doesn't matter if it's in cyberspace numbers or gold in your hand. Also, it's not really a $30 profit, since those dealers selling for $95 will probably be buying for around $85...

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Gold is gold is gold... Doesn't matter if it's in cyberspace numbers or gold in your hand. Also, it's not really a $30 profit, since those dealers selling for $95 will probably be buying for around $85...

 

Not to mention the deflated dollar needs to be calculated into that. That's a good part of the reason gold has gotten so high in price so quickly.

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One share equals a tenth ounce? OK, so I bought a tenth ounce AGE coin less than a year ago from the Franklin mint for $65. Today at a coin show they were asking $95 for 1/10 oz. AGE coins.

There's $30 profit. Can the ETF do that?

 

Yes. At the time you bought your 1/10th oz ASE the price of gold was probably about $580 an oz. and the price of a share of the EFT would be $58. The selling price now for that share would be $88. $30 profit.

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