Message:

<p>[QUOTE=&quot;mystery45, post: 994297, member: 19591&quot;]There is a saying that a fool and his money are soon parted.</p><p>You can go to any reputable dealer either online or locale and purchase gold coins.</p><p>&nbsp;</p><p>some recommend gold buff&#039;s other gold eagles.&nbsp; the point is this.&nbsp; there is a bid price (melt value) and a asking price.</p><p>&nbsp;</p><p>for example.&nbsp; the price of silver is like 18.70 the best deal i have found on ASE&#039;s is about 21.00.&nbsp; there is a 3 dollar spread.&nbsp; before i make a profit i have to beat that spread.</p><p>&nbsp;</p><p>when it comes to gold the spread is much worse.</p><p>&nbsp;</p><p>apmx is selling 1 oz gold eagles for about 1300.&nbsp; they are only buying them for 1267.00</p><p>to make a profit gold would have to go higher than 1300 in order for you to turn a profit.</p><p>&nbsp;</p><p>it is never a good thing to put all your eggs in one basket.&nbsp; it can take 5+ years to get a return on your investment from PM&#039;s.</p><p>&nbsp;</p><p>you are better off sticking that money into a education savings account or something else that will yeild a straight interest rate.&nbsp; i mean if you want to buy PM&#039;s then take about $500&#039;s buy some fractional gold and some 1 oz ASE&#039;s.&nbsp; put the rest into a ESA and just let the interest ride.&nbsp; another thing is to look for a good mutual fund that gets about 8-12% return per year.&nbsp; they are out there.&nbsp; these are way better investments for what you are wanting to do than gold or silver.</p><p>&nbsp;</p><p>gold and silver are long term investments and mostly for asset protection.&nbsp; i have some gold and silver coins not only for asset protection but also as something to pass down to my kids when i go.</p><p>&nbsp;</p><p>nothing like passing a 200 year old coin to my son or daughter.&nbsp; should be worth a pretty penny at that point in time.[/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