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	<title>Comments on: Investing in Gold New to buying any tips or help?</title>
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	<link>http://www.goldbuyingguide.com/blog/investing-in-gold-new-to-buying-any-tips-or-help/</link>
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	<pubDate>Fri, 18 May 2012 02:11:09 +0000</pubDate>
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		<title>By: Computer Guy</title>
		<link>http://www.goldbuyingguide.com/blog/investing-in-gold-new-to-buying-any-tips-or-help/comment-page-1/#comment-2186</link>
		<dc:creator>Computer Guy</dc:creator>
		<pubDate>Fri, 26 Mar 2010 11:33:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.goldbuyingguide.com/blog/investing-in-gold-new-to-buying-any-tips-or-help/#comment-2186</guid>
		<description>When you buy "rare" coins you are paying substantial premium for the rarity, over the fair value of the gold in the coin.   You can buy so-called "bullion" coins (e.g., krugerrands, maples, pandas) for a small premium over spot, if you can find them.  

Those gold eagles are 1/10 ounce, and they are selling them for $159, that comes to $1590/ounce.
Spot price this morning is $1103.60 /ounce.

Grandpa&lt;a href="http://www.bigjobtools.com/srch/srch.php?q=hydraulics"&gt; Computer Guy&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>When you buy &#8220;rare&#8221; coins you are paying substantial premium for the rarity, over the fair value of the gold in the coin.   You can buy so-called &#8220;bullion&#8221; coins (e.g., krugerrands, maples, pandas) for a small premium over spot, if you can find them.  </p>
<p>Those gold eagles are 1/10 ounce, and they are selling them for $159, that comes to $1590/ounce.<br />
Spot price this morning is $1103.60 /ounce.</p>
<p>Grandpa<a href="http://www.bigjobtools.com/srch/srch.php?q=hydraulics"> Computer Guy</a></p>
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		<title>By: ThinKabootit</title>
		<link>http://www.goldbuyingguide.com/blog/investing-in-gold-new-to-buying-any-tips-or-help/comment-page-1/#comment-2185</link>
		<dc:creator>ThinKabootit</dc:creator>
		<pubDate>Wed, 24 Mar 2010 16:59:17 +0000</pubDate>
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		<description>Gold is neither particularly liquid (in normal circumstances) nor is it an "investment"....

Here's graph of the inflation-corrected price of gold for the past 600 years;


Does that look like an "investment" to you?

Don't waste your money.  Really.  Let's pretend you spend $16,000 on 100 of these "2009 American Eagle Gold 1/10oz Coins" (you'll have about 10 ounces of gold, worth about $11,000).  Twenty-five years from now, you'll have about 10 ounces of gold, which will possibly be worth about $11,000, but far more likely will be worth the "historical-adjusted average" of $6,270...so you will have spent $11K and have something with $6.3K "buying power"

If you bought a diversified Growth stock mutual fund instead, your $16,000 would grow in value at between the potentially awful worst-case rate of 6% or the best-case rate of 11-12%, so in twenty-five years you'll have assets with a "dollar value" of somewhere between $68,670 and $272,001 (with a real, net-of-inflation "spending value" of between $52,334 and $129,909)

Which sounds smarter to you? Owning gold 25 years from now with a "best-case" likely real value of $6,300? Or a stock fund that may have underperformed and be worth only $52,334?

Gold/coins are a scam, and are currently just an opportunity for dealers to "prey" on an undereducated &#038; fearful public.  Goldline are perfectly "reputable", the same thing will happen to you wherever you go, silly goose!&lt;a href="http://www.resumeminers.com/Staffing.htm"&gt; ThinKabootit&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>Gold is neither particularly liquid (in normal circumstances) nor is it an &#8220;investment&#8221;&#8230;.</p>
<p>Here&#8217;s graph of the inflation-corrected price of gold for the past 600 years;</p>
<p>Does that look like an &#8220;investment&#8221; to you?</p>
<p>Don&#8217;t waste your money.  Really.  Let&#8217;s pretend you spend $16,000 on 100 of these &#8220;2009 American Eagle Gold 1/10oz Coins&#8221; (you&#8217;ll have about 10 ounces of gold, worth about $11,000).  Twenty-five years from now, you&#8217;ll have about 10 ounces of gold, which will possibly be worth about $11,000, but far more likely will be worth the &#8220;historical-adjusted average&#8221; of $6,270&#8230;so you will have spent $11K and have something with $6.3K &#8220;buying power&#8221;</p>
<p>If you bought a diversified Growth stock mutual fund instead, your $16,000 would grow in value at between the potentially awful worst-case rate of 6% or the best-case rate of 11-12%, so in twenty-five years you&#8217;ll have assets with a &#8220;dollar value&#8221; of somewhere between $68,670 and $272,001 (with a real, net-of-inflation &#8220;spending value&#8221; of between $52,334 and $129,909)</p>
<p>Which sounds smarter to you? Owning gold 25 years from now with a &#8220;best-case&#8221; likely real value of $6,300? Or a stock fund that may have underperformed and be worth only $52,334?</p>
<p>Gold/coins are a scam, and are currently just an opportunity for dealers to &#8220;prey&#8221; on an undereducated &#038; fearful public.  Goldline are perfectly &#8220;reputable&#8221;, the same thing will happen to you wherever you go, silly goose!<a href="http://www.resumeminers.com/Staffing.htm"> ThinKabootit</a></p>
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		<title>By: Nighthawke</title>
		<link>http://www.goldbuyingguide.com/blog/investing-in-gold-new-to-buying-any-tips-or-help/comment-page-1/#comment-2184</link>
		<dc:creator>Nighthawke</dc:creator>
		<pubDate>Tue, 23 Mar 2010 18:19:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.goldbuyingguide.com/blog/investing-in-gold-new-to-buying-any-tips-or-help/#comment-2184</guid>
		<description>I wouldn't be buying any gold right now. Smart investors buy when everybody else hates gold and they sell when everybody else loves it. Currently, it's the latter. I wouldn't buy gold unless it made a successful retest and hold of the $1000 level. A break below that level and everybody will be selling.&lt;a href="http://www.resumeminers.com/Recruiting/International-Recruiting.htm"&gt; Nighthawke&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>I wouldn&#8217;t be buying any gold right now. Smart investors buy when everybody else hates gold and they sell when everybody else loves it. Currently, it&#8217;s the latter. I wouldn&#8217;t buy gold unless it made a successful retest and hold of the $1000 level. A break below that level and everybody will be selling.<a href="http://www.resumeminers.com/Recruiting/International-Recruiting.htm"> Nighthawke</a></p>
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