Gold coins being sold?

Yes, just checked that email and I PM'd you. :thumb:

 

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This is a good question, a question I've been asking myself for the last 3 months. You may be seeing a profit taking phase. Also, people know when the economy improves, chances are gold will go down in price because gold is typically purchased/hoarded during times of economic uncertainty.

I've recently taken an interest because I'm concerned with the potential of inflation. The U.S. is printing money at an unprecedented rate and interest rates are at all time lows. Paper money is "cheap" and the U.S. isn't doing much to strengthen it.

The other issue that really got my attention was talk of switching from U.S. dollars to a basket of currencies

Here is a view saying it's not likely

The other item had to do with the FDIC running out of money

The current economic rebound has me perplexed, and I may have just found another way to lose money in coins However, I'm still of the mindset gold will go up due to these and other economic factors. U.S. fiat still isn't out of the woods.

Regarding "making" money give this some thought. Lets say you purchased a stock 20 years ago for $100.00 and today you sold it for $200.00.

The government will say you realized a gain of $100.00 on that stock sale (capital gains) and tax you at 15% leaving you with $85.00 and a grand total of $185.00.

Did you just make $85.00? Take a look at this inflation calculator

In any event, what makes gold appealing is the fact that over 1000's of years, it's really the only "money" that has maintained good relative purchasing power.