Ty you asked me to tell you when gold starts looking like a good investment. I think its there now, but with the sales taxes and dealer commissions, it can mean that gold needs to trade up about 15% just to break even from your purchase regardless of the price. This is a bad deal. ONLY if you can avoid those markups is gold a good buy right now. If you buy anything gold, make sure its .9999 pure. No 14k or even 18k. Look for the 9s or 24k. Silver may be a better investment, if the commissions can be avoided. Always ONLY BUY Fine silver, .9999 pure silver. Find silver in all sorts of things, especially dinnerware. Flip the object over and look at the stamp. Fine silver is ALWAYS stamped with the 9s. Dont buy silver coins retail. Silver coins are marked up almost every time to 100-200% of the value of the silver. The coins are not That valuable except to a collector. The silver is the thing - not the object made with it. Blank silver slugs are just as valuable. Evan you and Rachel might be interested. Note you guys: I am not recommending buying gold or silver right now. I am simply answering a question from Ty. If you buy any precious metals for an investment, remember that there are fees on the sell side of the transaction as well. You will need to hold this investment for a good while, most likely, to make a profit off the trade. As in: Years. Never forget: there is no such thing as paper gold, or paper silver. These things are metals. Make sure theyre metals if you buy them, and not paper. Take possession. Take possession. Take possession.
Posted on: Sat, 08 Nov 2014 20:31:40 +0000
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