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<p>[QUOTE="-jeffB, post: 3631863, member: 27832"]On the other hand, this same argument held in 2011, when gold blew through $1700/oz and kept rising. You could've flipped it a month later for $1800 or more -- but why sell, when gold was still rising so rapidly?</p><p><br /></p><p>I'm still holding at least one ounce that I bought at $1700. I might see it hit that level again <i>this</i> year, or it might be another decade, or more. And by that time, $1700 won't be worth nearly as much as it is today.</p><p><br /></p><p>That $1700 ounce is an MS70 burnished Eagle. It's a nice piece, and I got it slightly <i>below</i> melt. But if I'd put that money into Apple, it'd be over $6500 now, and I could get <i>four</i> such pieces. (Fortunately, I didn't sell the Apple I <i>did</i> hold to buy more gold...)[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 3631863, member: 27832"]On the other hand, this same argument held in 2011, when gold blew through $1700/oz and kept rising. You could've flipped it a month later for $1800 or more -- but why sell, when gold was still rising so rapidly? I'm still holding at least one ounce that I bought at $1700. I might see it hit that level again [I]this[/I] year, or it might be another decade, or more. And by that time, $1700 won't be worth nearly as much as it is today. That $1700 ounce is an MS70 burnished Eagle. It's a nice piece, and I got it slightly [I]below[/I] melt. But if I'd put that money into Apple, it'd be over $6500 now, and I could get [I]four[/I] such pieces. (Fortunately, I didn't sell the Apple I [I]did[/I] hold to buy more gold...)[/QUOTE]
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