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Noticed something today with all those gold selling commercials..
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<p>[QUOTE="Vess1, post: 1261688, member: 13650"]Yeah, I'm not surprised. I keep waiting for the big crash that never seems to happen as the years go by. Was just looking around the US mint website and saw they're selling 2011 1 oz AGEs for $2,135.00 now. I just paused for a moment and wondered how many people in the US could possibly afford one of these anymore? It was barely a year ago, you could get them for around $1,100. </p><p><br /></p><p> Officially, there's about 10% of the US unemployed which is likely closer to 20%. Over 50% of the population have low enough incomes to where they don't have to pay any income taxes in. They're not buying any. Now you look at the less than 50% of the population that is left. How many are even interested in buying them? Who's making enough to buy them? The wife and I make a pretty good living for how bad things are, but still. Even if all the bills were paid, it'd be a major investment to buy a single AGE these days. One AGE is now worth more than my coin budget for an average year. I collect, would like to buy one and make decent money. I don't know how they can keep going up at this pace, to be honest. Gold may keep going higher but there won't be many people left who can afford any gold.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 1261688, member: 13650"]Yeah, I'm not surprised. I keep waiting for the big crash that never seems to happen as the years go by. Was just looking around the US mint website and saw they're selling 2011 1 oz AGEs for $2,135.00 now. I just paused for a moment and wondered how many people in the US could possibly afford one of these anymore? It was barely a year ago, you could get them for around $1,100. Officially, there's about 10% of the US unemployed which is likely closer to 20%. Over 50% of the population have low enough incomes to where they don't have to pay any income taxes in. They're not buying any. Now you look at the less than 50% of the population that is left. How many are even interested in buying them? Who's making enough to buy them? The wife and I make a pretty good living for how bad things are, but still. Even if all the bills were paid, it'd be a major investment to buy a single AGE these days. One AGE is now worth more than my coin budget for an average year. I collect, would like to buy one and make decent money. I don't know how they can keep going up at this pace, to be honest. Gold may keep going higher but there won't be many people left who can afford any gold.[/QUOTE]
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Noticed something today with all those gold selling commercials..
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