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<p>[QUOTE="johnmilton, post: 26452963, member: 101855"]Financial security is not here when gold is over $4,000 and, according to the experts, going to be over $5,000.</p><p><br /></p><p>Gold coins are fun to collect, especially the old ones, but gold does not pay you interest or dividends. It does not buy you shares in a company which is producing innovative products which will turn profits in the future. The only time you cash in is when you sell it. </p><p><br /></p><p>Gold is supposed to buy you “security,” but I question the security when its $4,000 an ounce. You can overpay for anything, and gold is no exception.</p><p><br /></p><p>And which currency would the gold fanatics like to use when they sell their gold? Perhaps crypto currency which is based on air just the dollar, which they dislike. </p><p><br /></p><p>No, these are scary times. It would appear that there are no “safe havens.” I just hope that these gold buyers are not buying it on credit. If they are, they might find that gold is as overpriced as the mortgages which got us into trouble in 2008.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 26452963, member: 101855"]Financial security is not here when gold is over $4,000 and, according to the experts, going to be over $5,000. Gold coins are fun to collect, especially the old ones, but gold does not pay you interest or dividends. It does not buy you shares in a company which is producing innovative products which will turn profits in the future. The only time you cash in is when you sell it. Gold is supposed to buy you “security,” but I question the security when its $4,000 an ounce. You can overpay for anything, and gold is no exception. And which currency would the gold fanatics like to use when they sell their gold? Perhaps crypto currency which is based on air just the dollar, which they dislike. No, these are scary times. It would appear that there are no “safe havens.” I just hope that these gold buyers are not buying it on credit. If they are, they might find that gold is as overpriced as the mortgages which got us into trouble in 2008.[/QUOTE]
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