Message:

<p>[QUOTE=&quot;Cloudsweeper99, post: 311401, member: 3011&quot;]I have to disagree.&nbsp; Of course, it is all my opinion, but the path of least resistance for gold and silver still seems to be up.&nbsp; I recall the price spike around 1980 with stories on the news showing folks lined up around the block to withdraw savings from the bank and take it to the local coin dealer to exchange for Krugerrands.&nbsp; I have no idea if this will happen again, but gold and silver now probably make up a smaller percentage of people&#039;s assets than just about ever before.&nbsp; If even a small percentage of that money moves back toward the precious metals, it will be like a river trying to go through a garden hose and prices will rise farther and faster than anyone can imagine.&nbsp; I don&#039;t think this move has even started yet, but could be triggered by inflation fears or any one of a number of other occurrances.&nbsp; Mining industry data indicates that the full cost of producing an ounce of gold is estimated to average about $600 now.&nbsp; So you have about $200 risk on the downside and an unknown but possibly huge potential on the upside.&nbsp; Someday, it will be time to sell. That day probably hasn&#039;t arrived yet.</p><p><br /></p><p>Regarding the gold rings from metal detecting, why not sell or trade them for a coin or two that could be more fun to own and easier to sell when the time comes?[/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