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<p>[QUOTE="Vlad, post: 26366, member: 1319"]Let me tell you about personal expierence...</p><p>in december of 2000, I finally got a stable job in Argentina after many months of unemployment and hardships you can only read in Dickens novels. With $500-700 a month I still could save up about $300- $350 due to a modest lifestyle. And, of course, a question arise what to do with this money? </p><p>Bank was paying about 7-7,5% a year, or about $20 a month in my case ( it was my day pay at 12 hours a day work).</p><p>I love coins... Even if they are sold as a gold bullions. In Argentina in banks you could get chilean pesos, argentinian pesos, krugerrands, british pounds and sometimes even US $20 gold coins. At a bullion value.</p><p><br /></p><p>So, I had a dilemma- to enjoy watching and handling golden coins, and hope for the best gold rise, or get stable $20 a month plus each month.</p><p>I chosed bank. 1 year later, they had a huge bank crisis in Argentina.</p><p>I , as a small account holder, losed only about 35%, plus tons of nerves and hours and hours in the bank. Gold went from $350 to $400 in that year. Guys with bigger accounts, lost about 60-70% of their money, and got these 30 % only after a couple years.</p><p> Go figure, what could happen if i (them) bought coins...[/QUOTE]</p><p><br /></p>
[QUOTE="Vlad, post: 26366, member: 1319"]Let me tell you about personal expierence... in december of 2000, I finally got a stable job in Argentina after many months of unemployment and hardships you can only read in Dickens novels. With $500-700 a month I still could save up about $300- $350 due to a modest lifestyle. And, of course, a question arise what to do with this money? Bank was paying about 7-7,5% a year, or about $20 a month in my case ( it was my day pay at 12 hours a day work). I love coins... Even if they are sold as a gold bullions. In Argentina in banks you could get chilean pesos, argentinian pesos, krugerrands, british pounds and sometimes even US $20 gold coins. At a bullion value. So, I had a dilemma- to enjoy watching and handling golden coins, and hope for the best gold rise, or get stable $20 a month plus each month. I chosed bank. 1 year later, they had a huge bank crisis in Argentina. I , as a small account holder, losed only about 35%, plus tons of nerves and hours and hours in the bank. Gold went from $350 to $400 in that year. Guys with bigger accounts, lost about 60-70% of their money, and got these 30 % only after a couple years. Go figure, what could happen if i (them) bought coins...[/QUOTE]
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