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<p>[QUOTE="RickieB, post: 121033, member: 2486"]Hello RexLuna...</p><p><br /></p><p>Well first..Gold is not at an alltime high..back in the 1980's (late 80's) gold was ~$850.00 /ounce ! We are still quite a few hundred dollars off that mark. Secondly,</p><p> gold is a commodity and is traded daily as any other commodity! It will rise and fall based upon economic conditions. It (gold) is revered as an inflation hedge in most portfolios. If you were looking for a short term investment I would point you toward the Mutual Fund area or Gold ETF's.</p><p>As far as gold coins go, well that my friend is a matter of personal taste, available $$$ to invest, tolerance for risk and a mountain of other variables! I have purchased gold as low as 320.00 an ounce and as high as current market value. When Gold "heats up" no matter what the cost, people will buy it because of financial trending and preservation of capital (other things as well) that my friend is when you watch the gold...pick your target....sell it all and sit on the $$$$ until it comes down again. Then reinvest in whatever you like to continue the gains! Lots of folks do that...some do it for the sheer joy of the collection. Find your path, pick your flavor and read read and read some more!</p><p><br /></p><p>Best O' Luck to Ya !</p><p><br /></p><p>RickieB<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="RickieB, post: 121033, member: 2486"]Hello RexLuna... Well first..Gold is not at an alltime high..back in the 1980's (late 80's) gold was ~$850.00 /ounce ! We are still quite a few hundred dollars off that mark. Secondly, gold is a commodity and is traded daily as any other commodity! It will rise and fall based upon economic conditions. It (gold) is revered as an inflation hedge in most portfolios. If you were looking for a short term investment I would point you toward the Mutual Fund area or Gold ETF's. As far as gold coins go, well that my friend is a matter of personal taste, available $$$ to invest, tolerance for risk and a mountain of other variables! I have purchased gold as low as 320.00 an ounce and as high as current market value. When Gold "heats up" no matter what the cost, people will buy it because of financial trending and preservation of capital (other things as well) that my friend is when you watch the gold...pick your target....sell it all and sit on the $$$$ until it comes down again. Then reinvest in whatever you like to continue the gains! Lots of folks do that...some do it for the sheer joy of the collection. Find your path, pick your flavor and read read and read some more! Best O' Luck to Ya ! RickieB;)[/QUOTE]
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