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<p>[QUOTE="JoeSmith, post: 746198, member: 18021"]Hmmm, I bought most of mine for about $320, and I still have it. I have to disagree about "what goes up must come down". Gold is just the inverse of the dollar. Many currencies have gone to zero, which means the "price of gold", measured in those currencies, has gone to infinity. Setting a "stop loss limit" doesn't always work, prices can fall so fast that there is no market to sell, but not to worry, that won't happen with gold.</p><p><br /></p><p><br /></p><p>I did the same thing in the late 1990's. Now my gold is over half my portfolio, and not because I bought any more, its because gold has gone up while my stocks tanked.</p><p><br /></p><p><br /></p><p>Hope they're still there when you are ready to retrieve them, banks have been known to take a "holiday".</p><p><br /></p><p>I never have understood why people refer to gold american eagles or buffalos as being "uncirculated". They're ALL uncirculated. I'm not much of a coin collector, but part of the appeal of my non-bullion coins is the fact that they were used, carried in people's pockets, etc. The appeal of an uncirculated common coin is its rarity, i.e. most mercury dimes were well worn when they were still fairly new. So, I don't see the advantage in slabbed bullion coins. There is a down side to slabbed bullion coins, i.e. you can't weigh and measure them to verify that they are gold and not tungstun.</p><p><br /></p><p>I wish I had bought some 1/10 ounce eagles. Even if I only had 2 sons to leave them to. Suppose I left them to my sons, and they kept them and left them to their sons, it would be easier to divide them up.</p><p><br /></p><p>Just my opinion, which is worth what you paid me for it![/QUOTE]</p><p><br /></p>
[QUOTE="JoeSmith, post: 746198, member: 18021"]Hmmm, I bought most of mine for about $320, and I still have it. I have to disagree about "what goes up must come down". Gold is just the inverse of the dollar. Many currencies have gone to zero, which means the "price of gold", measured in those currencies, has gone to infinity. Setting a "stop loss limit" doesn't always work, prices can fall so fast that there is no market to sell, but not to worry, that won't happen with gold. I did the same thing in the late 1990's. Now my gold is over half my portfolio, and not because I bought any more, its because gold has gone up while my stocks tanked. Hope they're still there when you are ready to retrieve them, banks have been known to take a "holiday". I never have understood why people refer to gold american eagles or buffalos as being "uncirculated". They're ALL uncirculated. I'm not much of a coin collector, but part of the appeal of my non-bullion coins is the fact that they were used, carried in people's pockets, etc. The appeal of an uncirculated common coin is its rarity, i.e. most mercury dimes were well worn when they were still fairly new. So, I don't see the advantage in slabbed bullion coins. There is a down side to slabbed bullion coins, i.e. you can't weigh and measure them to verify that they are gold and not tungstun. I wish I had bought some 1/10 ounce eagles. Even if I only had 2 sons to leave them to. Suppose I left them to my sons, and they kept them and left them to their sons, it would be easier to divide them up. Just my opinion, which is worth what you paid me for it![/QUOTE]
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