Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Why Are So Many People Buying Geiger 1 Gram Gold Bars?
>
Reply to Thread
Message:
<p>[QUOTE="NPCoin, post: 4588777, member: 5629"]I think I'm going to play Devil's Advocate here.</p><p><br /></p><p>Anybody who invests has the responsibility to know and understand what it is they are investing in. The investment manager ("seller") is only responsible to the point of the line of deception. Errors and omissions do occur, and there is liability in that respect. But, if the seller (and product in the case of the Cook Island "coins") give truthful information, it is not the fault of the seller if the potential buyer is illiterate to the investment.</p><p><br /></p><p>Although gold bullion <i>could</i> be disclosed in karat, the normal practice is to disclose the purity in terms of <i>millesimal fineness</i> which is calculated as karat/24 (24 karat being 999) usually disclosed in dot-notation. So, 24-karat gold would be disclosed as "1/10 ounce .999 pure" while 5.75-karat gold is correctly noted as "1/10 ounce .24 pure", which simply cannot be confused as 24-karat by those versed (as all investors <b>should</b> be) knowing that the proper notation would be necessarily "24K pure" and not given a ".24 pure" designation.</p><p></advocate></p><p><br /></p><p>Realistically though, people should research before buying anything (especially investment-wise). But, a seller should be honest about their products. And, it is truly deceptive to market gold at a 24K price knowing that it is only 5.75K in purity. When marketing the coin at a 24K (.999 pure) content price with the notation of ".24 pure" on the coin <i>is</i> deception, my opinion not withstanding.[/QUOTE]</p><p><br /></p>
[QUOTE="NPCoin, post: 4588777, member: 5629"]I think I'm going to play Devil's Advocate here. Anybody who invests has the responsibility to know and understand what it is they are investing in. The investment manager ("seller") is only responsible to the point of the line of deception. Errors and omissions do occur, and there is liability in that respect. But, if the seller (and product in the case of the Cook Island "coins") give truthful information, it is not the fault of the seller if the potential buyer is illiterate to the investment. Although gold bullion [I]could[/I] be disclosed in karat, the normal practice is to disclose the purity in terms of [I]millesimal fineness[/I] which is calculated as karat/24 (24 karat being 999) usually disclosed in dot-notation. So, 24-karat gold would be disclosed as "1/10 ounce .999 pure" while 5.75-karat gold is correctly noted as "1/10 ounce .24 pure", which simply cannot be confused as 24-karat by those versed (as all investors [B]should[/B] be) knowing that the proper notation would be necessarily "24K pure" and not given a ".24 pure" designation. </advocate> Realistically though, people should research before buying anything (especially investment-wise). But, a seller should be honest about their products. And, it is truly deceptive to market gold at a 24K price knowing that it is only 5.75K in purity. When marketing the coin at a 24K (.999 pure) content price with the notation of ".24 pure" on the coin [I]is[/I] deception, my opinion not withstanding.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Why Are So Many People Buying Geiger 1 Gram Gold Bars?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...