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<p>[QUOTE="GDJMSP, post: 24836, member: 112"]For every person you can find who is hyping up gold - you can find 3 more who are advising against it. Now does that sound strange coming from me ? A person who specializes in collecting gold coins ? </p><p><br /></p><p>To me it doesn't - it makes perfect sense. That's because I am also an investor - but not an investor in gold coins. I was for a while - but I also bought most of my gold when it was below $300/oz. It's all sold now and I'm quite happy that it is. But I am still buying gold coins - just not ones I intend to sell. That's because I am a collector of them - not an investor.</p><p><br /></p><p>Gold is just a commodity - just like any other commodity. It's no different than oil, soy beans or pork bellies. The price goes up - the price goes down. And right now the price of gold is going up for one reason - because the US dollar is going down. In other nations - the price of gold isn't rising - at least not much. It has remained nearly static for the past 3 yrs. It is only in the USA that the price of gold is going up.</p><p><br /></p><p>Now it may continue to go up - or it may change at the drop of a hat and go down. It depends on many things. But if you really want to invest in gold - don't buy coins - buy gold stocks. For when gold drops, and it will, the stocks drop much more slowly than the metal does. And this will give you a chance to get out.</p><p><br /></p><p>Now go collect some coins <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 24836, member: 112"]For every person you can find who is hyping up gold - you can find 3 more who are advising against it. Now does that sound strange coming from me ? A person who specializes in collecting gold coins ? To me it doesn't - it makes perfect sense. That's because I am also an investor - but not an investor in gold coins. I was for a while - but I also bought most of my gold when it was below $300/oz. It's all sold now and I'm quite happy that it is. But I am still buying gold coins - just not ones I intend to sell. That's because I am a collector of them - not an investor. Gold is just a commodity - just like any other commodity. It's no different than oil, soy beans or pork bellies. The price goes up - the price goes down. And right now the price of gold is going up for one reason - because the US dollar is going down. In other nations - the price of gold isn't rising - at least not much. It has remained nearly static for the past 3 yrs. It is only in the USA that the price of gold is going up. Now it may continue to go up - or it may change at the drop of a hat and go down. It depends on many things. But if you really want to invest in gold - don't buy coins - buy gold stocks. For when gold drops, and it will, the stocks drop much more slowly than the metal does. And this will give you a chance to get out. Now go collect some coins ;)[/QUOTE]
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