Message:

<p>[QUOTE=&quot;fretboard, post: 1020192, member: 19765&quot;]I have always wondered why ppl buy these coins and hope that the buyer&nbsp; doesn&#039;t think they&#039;re actually gonna turn a profit on these.&nbsp; I mean if&nbsp; you take away the grading component entirely and just analyze an oz of&nbsp; gold being sold for $1585 how do some ppl think they&#039;re gonna cross the&nbsp; profit barrier??&nbsp; Sure, I know there are companies who buy regularly and&nbsp; send them to be graded and then sell for a huge profit but those aren&#039;t&nbsp; the ppl I&#039;m talking about.</p><p><br /></p><p>Sure some ppl just buy gold pieces as heirlooms to pass on to family&nbsp; members and that&#039;s great and totally understandable.&nbsp; There are tons of&nbsp; ppl buying gold coins just b/c the price of gold is so high.&nbsp; I know a&nbsp; young lady at work and her husband bought a gold coin and their intent&nbsp; is to someday take it to a coin shop and make a profit.&nbsp; In their&nbsp; particular situation, they may make some money, I don&#039;t know the&nbsp; particulars on their situation as far as when they bought it or&nbsp; anything.&nbsp; I&#039;ve asked her but she don&#039;t know the answers.&nbsp; She said that her husband knows and takes care of that information.&nbsp; I&#039;m only using her as an example b/c there are many ppl buying gold today simply because they see an item that they could possibly make some money off of but are they being realistic?&nbsp; Gold would have to go very, very high in price to turn a profit that way.&nbsp; </p><p><br /></p><p><font size="3">Do you think that if you bought a gold coin from the US Mint today that&nbsp; you could go into a coin shop in your area and sell that same gold coin&nbsp; for a profit?&nbsp; If your answer is yes then how long in your opinion would&nbsp; you have to wait to sell at a profit or easier put, how long till the&nbsp; price of gold goes way over $1585?&nbsp; </font></p><p><br /></p><p>I&#039;ve always felt that a better way to make money off of gold is to buy older gold coins.&nbsp; What do you think?&nbsp; Posted for discussion only.</p><p><br /></p><p>Today&#039;s price is $1585!!&nbsp; </p><p><br /></p><p><a href="http://catalog.usmint.gov/webapp/wcs/stores/servlet/ProductDisplay?catalogId=10001&amp;storeId=10001&amp;productId=15967&amp;langId=-1&amp;parent_category_rn=10118" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://catalog.usmint.gov/webapp/wcs/stores/servlet/ProductDisplay?catalogId=10001&amp;storeId=10001&amp;productId=15967&amp;langId=-1&amp;parent_category_rn=10118" rel="nofollow">http://catalog.usmint.gov/webapp/wcs/stores/servlet/ProductDisplay?catalogId=10001&amp;storeId=10001&amp;productId=15967&amp;langId=-1&amp;parent_category_rn=10118</a>[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in