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<p>[QUOTE="Bart9349, post: 800733, member: 5682"]I like to keep "keep it positive" and be thankful for the wonderful priceless things I have (health, people I love, etc.), instead of dwelling on regrets.... That said:</p><p><br /></p><p>In mid-1999, after the birth of my second child, I asked friends and others what would be a good gift and investment for my children for their future. I asked friends whether gold would be a good investment. At that time, gold was around $270.80 an ounce.</p><p><br /></p><p>One friend recommended a nice expensive watch. He insisted it was a great keepsake and something a child would always treasure as an adult. He recommended against buying gold. "You want something you can use."</p><p><br /></p><p>Another friend recommended some tech stocks that were "starting to take off." "Gold will never go up and makes a poor investment."</p><p><br /></p><p>I asked some bitter old coin dealers about buying gold, but all they could do was complain about was "losing their shirt" in gold investing years ago. When I expressed my surprise that many high quality 19th century foreign cold coins were still going for little over the low bullion prices, he insisted that it was "foolish to buy any foreign gold" for reasons I'm still don't understand.</p><p><br /></p><p>Another friend cautioned against buying any coin since "they were all overgraded and there are too make fakes."</p><p><br /></p><p>At that time (May 1999), I wrote down some prices of gold coins from a reputable dealer:</p><p><br /></p><p>Uncirculated French Roosters 20F 1899-1914: $59.15</p><p>Uncirculated French Angels 20F 1871-1898: $59.90</p><p>Uncirculated Italian Umberto I 20L 1871-1898 $59.80</p><p>Uncirculated British Sovereign Gold Kings early 20th century: $82.20</p><p>Modern Bullion coins little over spot ($270.80)</p><p><br /></p><p>I could go on, but you get the idea.</p><p><br /></p><p>Now, trying to keep it positive:</p><p><br /></p><p>I did NOT buy the expensive watch. (Young people don't wear watches anymore.)</p><p>I did NOT throw too much money away into tech stacks that later crashed and burned.</p><p><br /></p><p>Unfortunately, I bought only a small fraction of the gold coins I wanted then.</p><p><br /></p><p>Oh, well, I still have my health, my wife, my job, and my friends...and the too few gold coins I bought when gold was at $270/oz.</p><p><br /></p><p><br /></p><p>guy[/QUOTE]</p><p><br /></p>
[QUOTE="Bart9349, post: 800733, member: 5682"]I like to keep "keep it positive" and be thankful for the wonderful priceless things I have (health, people I love, etc.), instead of dwelling on regrets.... That said: In mid-1999, after the birth of my second child, I asked friends and others what would be a good gift and investment for my children for their future. I asked friends whether gold would be a good investment. At that time, gold was around $270.80 an ounce. One friend recommended a nice expensive watch. He insisted it was a great keepsake and something a child would always treasure as an adult. He recommended against buying gold. "You want something you can use." Another friend recommended some tech stocks that were "starting to take off." "Gold will never go up and makes a poor investment." I asked some bitter old coin dealers about buying gold, but all they could do was complain about was "losing their shirt" in gold investing years ago. When I expressed my surprise that many high quality 19th century foreign cold coins were still going for little over the low bullion prices, he insisted that it was "foolish to buy any foreign gold" for reasons I'm still don't understand. Another friend cautioned against buying any coin since "they were all overgraded and there are too make fakes." At that time (May 1999), I wrote down some prices of gold coins from a reputable dealer: Uncirculated French Roosters 20F 1899-1914: $59.15 Uncirculated French Angels 20F 1871-1898: $59.90 Uncirculated Italian Umberto I 20L 1871-1898 $59.80 Uncirculated British Sovereign Gold Kings early 20th century: $82.20 Modern Bullion coins little over spot ($270.80) I could go on, but you get the idea. Now, trying to keep it positive: I did NOT buy the expensive watch. (Young people don't wear watches anymore.) I did NOT throw too much money away into tech stacks that later crashed and burned. Unfortunately, I bought only a small fraction of the gold coins I wanted then. Oh, well, I still have my health, my wife, my job, and my friends...and the too few gold coins I bought when gold was at $270/oz. guy[/QUOTE]
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