Too expensive? You dont need to buy 1 kilo of gold to invest some money.
If you can afford to invest $500 in stocks then you can invest the same money in gold.......

Correct, Emil.
My Pimp, Buy as many gramms as you want. 1 gramm of 585 probe cost $35 now. It's broken gold jewelry etc (not broken jewelry cost $52 for 1 gramm in item) so you can everytime sell part of it if you need some money and buy more if you have a lot green PAPER

i am glad someone bumped this old thread to show what a ranting and raving idiot i am. the 20oz of gold we bought in January went up over 60%. we sold 3oz last week just to buy some new things for the new house. we'll let the rest ride at least until the end of the year.

this idiot is rich, bitch.
:1orglaugh:1orglaugh

If you search back, the same people who were saying gold was a bad idea 3 or 4 years ago are the same people who are still saying it today.

There is a reason some people always spin their wheels in life, never really able to get ahead. Many don't even break even. They are unable to understand what is happening or see an opportunity when it presents itself. These are the same type of people who have to get rescued from their rooftop during floods because they thought they could ride out the storm, even though everyone around them left.

speaking of floods i am pretty happy we built a 3m retaining wall around our property and built our new house on top. its getting wet out here..

Yea, we're about knee deep here where I live, but in the city I've seen some pics where cars are almost totally submerged.

You mean you build a wall or you elevated your house 3m in addition to the wall?

When investing in any precious metals ... ALWAYS take delivery of your purchases ... DO NOT TRUST ANYBODY to hold onto YOUR INVESTMENTS!!

Secondly ... make sure that you have enough that is easily divisible (that you can make small change) to last you for 3-4 months - just in case the economy does completely tank - you want to be able to sell off small quantities of your gold or silver, while leaving the rest of your investments in tact ...

It's easier to sell one 1oz gold coin/round - or use it as currency even, than it will be trying to use a 100oz gold bar to buy your groceries ...

Rule of thumb is generally have $5000 worth of small coins/rounds before you start hoarding larger bars ....

And one of the biggest scams going is numismatic coins ...

Numismatic coin dealers are preying on uneducated investors now more than ever before!!

Numismatic coins are gold or silver coins that have value in the metal, as well as value in the collectability of the coin (how rare, condition, purity, etc ...)

Numismatic coins in themselves are not a scam ... they do have the value they claim ... but only to another collector/investor ...

If you are investing in precious metals for the intrinsic value of the metal ... investing in numismatic coins is perhaps the BIGGEST mistake you can make ...

These coins sell for sometimes several times the value of the metals contained ... and this 'perceived' value will be lost, if you ever have to use your precious metal coins as currency!!

When the day comes that you need to use a couple silver or gold coins/rounds/bars to buy necessities, you are going to be very hard pressed to find a dealer/collector who will evaluate and grade your coin on the spot, and give you a decent exchange for it!!

If you are investing in precious metals as a means to protect your earnings against a possible collapse of the economy, or to profit from the rising prices of gold and silver in this current bull market, YOU DO NOT WANT TO INVEST IN NUMISMATIC COINS -

DO NOT GET TAKEN IN BY THE HYPE THAT COINS CANNOT BE CONFISCATED BY THE GOVERNMENT!! THIS IS ALL BULLSHIT PROPAGANDA THAT THESE SCAMMERS USE TO PROFIT BY SELLING NUMISMATICS TO YOU!!!

Ummm ... when exactly was this?? Please post your sources ... :1orglaugh:1orglaugh:1orglaugh

(Sometimes its better to keep your mouth shut and be THOUGHT a fool, then to open it, and PROVE it!)

I won a fair chunk of change at a casino and bought gold - for a number of reasons that I wont go into. :)

I sold it just before 9/11 coincedently - What a mistake to make! :Oh crap

yes, I buy gold futures and electronic gold...

For example, I place a buy order when it's 1800, then I sell at 1850 few hours later, earning 500 bucks.. Then I keep study FIBONACCI and S & R and when it goes to 1820, I buy again and sell at 1900 few days later, earning 800 bucks.. and so all the time. Have been doing this since Gold was 1400.

It will reach 2000 very soon. A great investment right now.

I don't know that it should be called a scam. But, true, if you are buying collectable coins as metal you're an idiot.

The idea behind collectables is that if the economy DOESN'T crash, their value increases at a rate that historically has been far higher then the increase in metal values.

I have a nice stash of low to middle grade collectable coins I bought years ago - I figure if the economy doesn;t crash, I'll sell them at a quite nice increase when I am an old fuck, but if the economy does crash, I have the metal.

I have stacks of BU silver dollars - the metal value now is over 4 times what I paid for them - and the collectable premium has also risen - so it's a win both ways.

It's still not an unreasonable strategy, provided you pick the right grade to buy, and buy from the right sources.

Anyway, the picture is more complicated than you paint it to be.

There is a solution tho - just buy circulateds at that days coin silver prices, and leave the uncirculateds to people that have studied.

You are correct! Numismatics is a very complicated hobby, and is probably not for the average joe ...

I tried to correct myself .... the scam is not in the coins themselves .... I have a nice little collection of MS70 Morgans and Eagles ...

The scam is in the great number of numismatic coin dealers that are using the current silver bull market to prey on new investors who have no clue on what they are doing!

Imagine their surprise when the economy finally does go tits up ... when they can only get $50 for the coin they paid HUNDREDS of dollars for?!?

Coin collecting ... like stamps, or many other collectables, requires the investor to put a great deal of time into learning and understanding the market for collectable coins.

A rare stamp is only a small piece of paper to a non-collector ...

i dont know who you are or wtf you are talking about, but i wanted to mention that the chick in your avatar is fucking hot! :thumbsup