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<p>[QUOTE=&quot;myownprivy, post: 3261421, member: 84588&quot;]A terrible short term investment, yes. long term? No, I think it&#039;s a great safety net. </p><p><br /></p><p>On Provident Metals a random year gold Maple Leaf is $1297. The buy back price is $1247. Spot is $1244.</p><p><a href="https://www.providentmetals.com/1-oz-canadian-gold-maple-leaf-dates-our-choice.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.providentmetals.com/1-oz-canadian-gold-maple-leaf-dates-our-choice.html" rel="nofollow">https://www.providentmetals.com/1-oz-canadian-gold-maple-leaf-dates-our-choice.html</a></p><p><br /></p><p>The premium over spot to buy the coin is 4%. The buy back price is 0.3% over spot. So, the risk to buy the coin is 3.7%. If the price of gold rises above that amount, you&#039;ve made money. </p><p><br /></p><p>If you run the same equation for silver, the risk is higher. If you run the same equation for platinum, it&#039;s scary. Platinum premiums are 10%+ to buy and the buy back is 5% or more under spot--meaning even to make your money back, platinum spot must increase at least 15%.</p><p><br /></p><p>Now I understand your position is that buying bullion is stupid because average stock returns are higher than average bullion returns. Therefore people should save in traditional bank accounts, invest in the market, and buy property. But I&#039;m approaching this from the position that after I have done all of that with my cash as I expect to, that I also buy bullion because I enjoy collecting it and because I know it is an extra safety net if traditional investments fail. I think that&#039;s not only smart, but also fun.</p><p><br /></p><p>The only people I think are stupid are the ones who spend their hobby income on tvs that are too big, cars that are too extravagant, football tickets that are too high up to see the game.[/QUOTE]</p><p><br /></p>

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