Why I think old gold coins are a decent investment.

Okay, so if I would have invested in gold at $1800 and now the price is $1200, are my assets still protected? That's almost as big of a drop as we saw in the stock market during the last recession. In all actuality both gold and silver are very volatile commodities, and that is why I am afraid to tie up a large percentage of assets in either one of them.

People like to tout precious metals as the ultimate safe investment because "they will never be worth nothing". I agree that their value will never fall to zero, but like any investment, if you don't time the market right they can be worth a whole lot less than what you paid for them. They seem cheap now but I am still afraid to invest because by historical standards they still have a long ways to fall.

I agree that even common pre-1933 gold coins are somewhat less volatile because of their numismatic premium, but their value still tracks with the spot price. I'd rather stick with a good mutual fund and buy coins as a hobby.

 

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He already tried that by suggesting that for only a $100,000 investment by me, he'd innovate business and propel mankind into the future by attempting to convince companies to revert back to how business was done in the 80s/90s. Yes, he did expect companies to be willing to pay him significant consulting fees to revert back to something they got away from due to lack of efficiency.

I was being serious, though I assume by your response, you've tossed said pact out the door.

 

My prediction that silver will go down to $14 as low as $12. Gold down to $975 as low as $900.

 

Only someone unfamiliar with the market patterns in gold would have bought gold at over about $800 an ounce. And no, you do not tie up all your assets in one or both metals - that in itself is a stupid idea. And I believe that until or when the next big war breaks out gold will continue to be manipulated by governments propping their currencies while the Chinese and Russians continue their quests to buy now cheaper gold.

 

Are you telling my I've lost my shot at Judy Jetson?

Now I feel slighted... I was around for the unveiling of that, ahem, brilliant society-changing plan and was never offered the chance to buy in; you must have felt both honored and privileged. Heck, the most I was afforded was the opportunity to buy a certain someone a new car and witness how "grown up" he could be by giving the change to charity.

No, no, no... I'm game, but is not a pact I would've wanted to break with my very next post.... and this one, and your five.

I fear the poor, um, lad will be lost without the attention we provide him.

 

Okay, so I will accept one more post in reply from you acknowledging the start of the pact. This post is my acceptance of it once you commence.

 

Oh, what the hell... I'll give it a shot.