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Half gram gold. Can that be popular?.
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<p>[QUOTE="Collector1966, post: 572293, member: 17919"]Wow-- as you said, apples and oranges.</p><p>Most of the '71 Dodge Chargers I looked up on the Internet in pristine condition (if there is such a thing) were far below the $100,000 price level. And considering that weather and elements play havoc with the steel in a car, you would have had to have stored your car in a nice, safe place for nearly 40 years. The same amount of gold would have taken far less space and required far less attention to the elements.</p><p><br /></p><p>At the same time, you couldn't buy gold bullion per se in 1971, just coins. Of course, your profit would have depended on what coins you bought-- and chances are, if you had bought $3000 worth of generic gold coins in 1971 as an investment, you would probably have sold them during the gold run-up of 1979-80, for a nice profit.</p><p><br /></p><p>One more thing about gold-- it's fungible and liquid. If you have a gold bar or bullion coins made by a reputable refiner/government, you probably won't have to quibble too much about the price when you sell. Selling a car, on the other hand, requires a lot of negotiation and patience, and chances are you'll get far less than what you expected when you finally are able to unload it.[/QUOTE]</p><p><br /></p>
[QUOTE="Collector1966, post: 572293, member: 17919"]Wow-- as you said, apples and oranges. Most of the '71 Dodge Chargers I looked up on the Internet in pristine condition (if there is such a thing) were far below the $100,000 price level. And considering that weather and elements play havoc with the steel in a car, you would have had to have stored your car in a nice, safe place for nearly 40 years. The same amount of gold would have taken far less space and required far less attention to the elements. At the same time, you couldn't buy gold bullion per se in 1971, just coins. Of course, your profit would have depended on what coins you bought-- and chances are, if you had bought $3000 worth of generic gold coins in 1971 as an investment, you would probably have sold them during the gold run-up of 1979-80, for a nice profit. One more thing about gold-- it's fungible and liquid. If you have a gold bar or bullion coins made by a reputable refiner/government, you probably won't have to quibble too much about the price when you sell. Selling a car, on the other hand, requires a lot of negotiation and patience, and chances are you'll get far less than what you expected when you finally are able to unload it.[/QUOTE]
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Half gram gold. Can that be popular?.
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