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<p>[QUOTE="bhp3rd, post: 822241, member: 16510"]Your points are good and true, pretty much but,,,</p><p>Most will lose. The operative word is "most". I'm not talking about the folks on CoinTalk, the ones that go to shops and shows, the ones that subscribe to Coin World. I'm talking about all those thousands of folks who dabble in this on the side and hit the high points of frenzy. The people who are thousands, tens of thousands who like cattle are hearded up on the high points and somehow get that weekend itch to buy/invest in some gold and set it aside. After that they sort of fade around the block for a few years and hearing this, and that then realize "you know that gold I bought ain't doing much", "I'm over it honey, lets sell it". This is regardless of currect price or trend at that point - their just over it!</p><p>This is the lions share of most all of it, tons of it, much of it!!! This is just one reason why it's a bad investment.</p><p> </p><p>A few years ago a strange sort of guy came into a local coin shop. He was kind of different as he always wore all white clothing, I mean shirt, pants, jacket, shoes, tie, hair - he was called Mr. White after that. (You know I couldn't make this up don't you?").</p><p>Anyway he always had rolls, 2, 5 or 7 of Kugerands and wanted to sell them. He had some story about some family member of friend buying all this gold when it was $800 back in the late 80's. The problem was, and this to me helps predict the future, he was bringing it all on the market when gold was below $290 - every bit of it. He would come in on many occasions and each time bring several rolls of this stuff, each time he would leave with thousands of dollars but,,, what did he or someone else pay for the junk at some point back of this???</p><p> </p><p><b>This/he is the most that I'm talking about!!</b>[/QUOTE]</p><p><br /></p>
[QUOTE="bhp3rd, post: 822241, member: 16510"]Your points are good and true, pretty much but,,, Most will lose. The operative word is "most". I'm not talking about the folks on CoinTalk, the ones that go to shops and shows, the ones that subscribe to Coin World. I'm talking about all those thousands of folks who dabble in this on the side and hit the high points of frenzy. The people who are thousands, tens of thousands who like cattle are hearded up on the high points and somehow get that weekend itch to buy/invest in some gold and set it aside. After that they sort of fade around the block for a few years and hearing this, and that then realize "you know that gold I bought ain't doing much", "I'm over it honey, lets sell it". This is regardless of currect price or trend at that point - their just over it! This is the lions share of most all of it, tons of it, much of it!!! This is just one reason why it's a bad investment. A few years ago a strange sort of guy came into a local coin shop. He was kind of different as he always wore all white clothing, I mean shirt, pants, jacket, shoes, tie, hair - he was called Mr. White after that. (You know I couldn't make this up don't you?"). Anyway he always had rolls, 2, 5 or 7 of Kugerands and wanted to sell them. He had some story about some family member of friend buying all this gold when it was $800 back in the late 80's. The problem was, and this to me helps predict the future, he was bringing it all on the market when gold was below $290 - every bit of it. He would come in on many occasions and each time bring several rolls of this stuff, each time he would leave with thousands of dollars but,,, what did he or someone else pay for the junk at some point back of this??? [B]This/he is the most that I'm talking about!![/B][/QUOTE]
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