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Making Money on Generic pre-1933 gold
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<p>[QUOTE="coleguy, post: 390118, member: 9167"]It seems a good idea in theory, but gold is like stocks as far as making money. When the economy is in the dumps, like it is now, the price of gold rises, as well as everything else from food to fuels. People have even less to spend on such things, except for a hardy few who always make the poor choice to buy things high. Then, when the economy improves, prices lower, and all those who bought high have the choice to either hold onto their inventory and hope the economy crashes again, or sell at a horrible loss. It's inticing to sell at a loss because when things improve economically, more and more people have the disposable income to spend on things like gold.</p><p> </p><p>The only way you'll make it worth while is to buy when the price is low and sell when it's high. Unfortunatelly, when the price is low everyone and their brother is trying to buy it as well. Not many people will make money off of gold. Those that do are the ones that bought a long time ago and are just now selling.</p><p>Guy~[/QUOTE]</p><p><br /></p>
[QUOTE="coleguy, post: 390118, member: 9167"]It seems a good idea in theory, but gold is like stocks as far as making money. When the economy is in the dumps, like it is now, the price of gold rises, as well as everything else from food to fuels. People have even less to spend on such things, except for a hardy few who always make the poor choice to buy things high. Then, when the economy improves, prices lower, and all those who bought high have the choice to either hold onto their inventory and hope the economy crashes again, or sell at a horrible loss. It's inticing to sell at a loss because when things improve economically, more and more people have the disposable income to spend on things like gold. The only way you'll make it worth while is to buy when the price is low and sell when it's high. Unfortunatelly, when the price is low everyone and their brother is trying to buy it as well. Not many people will make money off of gold. Those that do are the ones that bought a long time ago and are just now selling. Guy~[/QUOTE]
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