Buy Gold Coins While You Can Still Afford Them!

Discussion in 'Coin Chat' started by CHARLES GINETTO, Aug 18, 2024.

  1. CHARLES GINETTO

    CHARLES GINETTO Supporter! Supporter

    Thank you very much.
     
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  3. CHARLES GINETTO

    CHARLES GINETTO Supporter! Supporter

    "I've a zero credit rating because of my cash dealings." Never had a mortgage?
     
    Last edited: Aug 19, 2024
  4. CHARLES GINETTO

    CHARLES GINETTO Supporter! Supporter

    The truth hurts, doesn't it?
     
  5. imrich

    imrich Supporter! Supporter

    I've owned many properties after "Contract For Deed" generation, or trades of desirable items as certified coins, small land plats, etc..
     
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  6. CHARLES GINETTO

    CHARLES GINETTO Supporter! Supporter

    My question was if you ever had a mortgage. Cash dealings over $10,000.00 would put you under an IRS microscope.
     
  7. charley

    charley Well-Known Member

    Yep, is that why you are trying to convince members to buy your gold, because you have to sell it before gold goes down and you will be stuck because you are trying to push....well, I don't want to use the word krap....less than preferable bullion coins that are of no interest and are overpriced in relation to present bullion value, and you are trying to cloud that painful truth?

    Just wondering....

    BTW, have any Rolex? mpcusa or whatever is the tag, a very humble guy, would be interested in purchasing same.

    Birds of a feather and all that.....
     
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  8. imrich

    imrich Supporter! Supporter

    Mine and my Attorney partner are well aware of requirements for our Subchapter-S and LLC/etc. transactions, where 100's of items/plats had been acquired prior to 18th birth-date.

    Thanks for your concern/advice!
     
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  9. charley

    charley Well-Known Member

    Actually, it would not. That is the responsibility of any financial institution and/or settlement processor to file a transaction event.
     
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  10. KBBPLL

    KBBPLL Well-Known Member

    I gotta agree with this sentiment. If you look at the historical inflation adjusted price of gold, it's like a chart of fear mongering. Adjusted for inflation, the price has never held near or above $2500 for any length of time at all. I've seen this repeat over and over and over for the past 50 years. Buying at this spike would be insane. People love gold until they have to pay their mortgage or their taxes or put their kid through college, and then oops, you need actual money.
     
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  11. CHARLES GINETTO

    CHARLES GINETTO Supporter! Supporter

    You sound very angry at what I posted, particularly when I've only posted two sovereigns for sale and the first one is gone. The buyer was extremely happy with his purchase. Have you been to a psychiatrist to assuage your anger?
     
  12. CHARLES GINETTO

    CHARLES GINETTO Supporter! Supporter

    The price of gold has never even reached $1,000.00 over the past 50 years.
     
    Last edited: Aug 20, 2024
  13. charley

    charley Well-Known Member

    Sigh.....
     
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  14. charley

    charley Well-Known Member

    I think you may have intended to type "never" and not "bever".

    Let me help, anyway:

    2010-$1,113.00
    2011-$1,405.00
    2012-$1,590.00
    2013-$1,681.00
    (should I keep going?)

    AND:
    2008- Year High=$1,023.00.

    It would appear that the price of gold DEFINITELY "reached" $1,000.00 in multiple years over the past 50 years.

    Maybe you meant to convey a different "fact" but were simply confused. Or maybe you just finished watching "The Sting".

    Or, maybe, possibly, you don't know what you know that others know that you should have known, if you knew about gold before you buy it or sell it?

    SIGNED:
    ANGRY OLD MAN

    Truth in editing: Added an "s" where appropriate. (Because I am old and angry and forget stuff sometimes).
     
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  15. Clawcoins

    Clawcoins Damaging Coins Daily

    I'm still waiting for it to go back below $800 .. like it was predicted in another thread ...

    oh well.
     
  16. KBBPLL

    KBBPLL Well-Known Member

    You missed the “adjusted for inflation” part. That’s the real way to look at the historical prices. Spikes like the current one have occurred many times and they don’t last.
     
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  17. CHARLES GINETTO

    CHARLES GINETTO Supporter! Supporter

    My advice to you is to not buy any coins from me.
     
  18. charley

    charley Well-Known Member

    Game Set Match.

    Next....
     
  19. KBBPLL

    KBBPLL Well-Known Member

  20. johnmilton

    johnmilton Well-Known Member

    I have been putting together and exhibit for Winter FUN which includes this coin in the Proof and Uncirculated formats. It's the 1993 World War II 50th anniversary commemorative set.

    World War II $ Gold All.jpg

    If it were not for the $2,500 price tag on gold these days, this exhibit could be called and "everyman's set" because there are not scarce or rare coins in it. But the melt value of these two coins prevent that.
     
    -jeffB, Kentucky, Clawcoins and 2 others like this.
  21. CHARLES GINETTO

    CHARLES GINETTO Supporter! Supporter

    My attorney and I ....
     
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