Gold Bullion coins

From: GoldenMan54

buying Bullion coins and bars usually means that you are seeking a good
investment

Seeking. Not necessarily acquiring.

they do not lose their value

Wrong. As with any commodity, the future prices are not guaranteed. Case in
point: in the mid-80's, Gold topped off at $800 / oz. If you had bought gold
at any point close to then, you are still waiting for the price to recover, and
may still have another 20-year wait.
8-|
- Coin Saver

On 12 Aug 2004 20:38:10 GMT, ojunk (Coin Saver)
wrote:

Wrong. As with any commodity, the future prices are not guaranteed. Case in
point: in the mid-80's, Gold topped off at $800 / oz. If you had bought gold
at any point close to then, you are still waiting for the price to recover, and
may still have another 20-year wait.
8-|
- Coin Saver

It's worse than that. Even if the current price of gold went to $800,
you would still have lost the time value of the money for over 20
years.

Assume you bought an ounce of gold at the peak price of $850 in 1980.
In order to break even for inflation alone you would have to sell it
for $2054.70 (year 2003 figures from the Inflation Calculator). This
is assuming, of course, that you haven't lost at least 2% in
commissions at each end of your transaction.

BLReed

To e-mail me, remove the obvious spam trap.
For collector coins and supplies at fair prices: http://tinyurl.com/pt9r
Cool things and Bust Coin Forum: http://www.byronreed.com

Byron L. Reed wrote:
Wrong. As with any commodity, the future prices are not guaranteed.
Case in point: in the mid-80's, Gold topped off at $800 / oz. If you
had bought gold at any point close to then, you are still waiting for
the price to recover, and may still have another 20-year wait.

It's worse than that. Even if the current price of gold went to $800,
you would still have lost the time value of the money for over 20
years.

Assume you bought an ounce of gold at the peak price of $850 in 1980.
In order to break even for inflation alone you would have to sell it
for $2054.70 (year 2003 figures from the Inflation Calculator). This
is assuming, of course, that you haven't lost at least 2% in
commissions at each end of your transaction.

To make it even worse, had you invested that $850 in 1980, at a nominal
rate of return of 8%, you would have over $5000 today.

Oh yeah. Buy gold. Great investment, there.

--
Bob

On Thu, 12 Aug 2004 14:48:02 -0700, "Bob Flaminio"
wrote:

Assume you bought an ounce of gold at the peak price of $850 in 1980.
In order to break even for inflation alone you would have to sell it
for $2054.70 (year 2003 figures from the Inflation Calculator). This
is assuming, of course, that you haven't lost at least 2% in
commissions at each end of your transaction.

To make it even worse, had you invested that $850 in 1980, at a nominal
rate of return of 8%, you would have over $5000 today.

Oh yeah. Buy gold. Great investment, there.

This is exactly what I think of sometimes when watching the Antiques
Road Show. It seems on every episode they have somebody who bought
something for $50 in the 1950s that is now worth $200. Everybody on
the show, including the professionals who should know better,
congratulate the person for making such a wise "investment". BAH!

BLReed

To e-mail me, remove the obvious spam trap.
For collector coins and supplies at fair prices: http://tinyurl.com/pt9r
Cool things and Bust Coin Forum: http://www.byronreed.com

Buying and selling metals has certainly subsidized my permanent collection
throughout the years.

"GoldenMan54 goldenman54" wrote in message
...
I play the precious metals markets and thus I have a large amount of
gold bullion coins down in a bank vault. I roam the pawn shops buying up
gold coins and when I sell off a batch, I have always been able to sell
at a good profit. Bullion coins and bars usually means that you are
seeking a good investment and while they do not lose their value, you
miight have to wait a while to clear a good profit.

As long as you do your homework,metals can be a positive investment.
If not,its just a money pit.

--
Today 50 families will find out their child has autism.
1 in 166 children have an autism spectrum disorder.




"Larry W" wrote in message
...
Buying and selling metals has certainly subsidized my permanent collection
throughout the years.

"GoldenMan54 goldenman54" wrote in message
...
I play the precious metals markets and thus I have a large amount of
gold bullion coins down in a bank vault. I roam the pawn shops buying up
gold coins and when I sell off a batch, I have always been able to sell
at a good profit. Bullion coins and bars usually means that you are
seeking a good investment and while they do not lose their value, you
miight have to wait a while to clear a good profit.