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Old 02-19-2010, 11:23 PM   #12
THE eXchanger
Avalon Senior Member
 
Join Date: Aug 2008
Location: Spiritual eXplorer-Canada
Posts: 4,915
Default Re: looking for advice on gold...

people always like 'red' lipstick - and, jewelry

sometimes; its good to have some stuff - in silver/and, gold

coins; almost always appreciate in value

it is true-they will try to get the middle classes money-thru gold
and, then, crash the price
a lot of people are holding bars/or, crap they bought from the orient on ebay
which is simply coated stuff - and, NOT real stuff

so, in my opinion, i'd not be buying that

get a gold tester - and, buy scrap metals - there is money in doing that
my dad was in the jewelry & watch business - if you know your stuff
it is quite amasing, what you can do

back when we were born in 1958 -
gold was about $35/oz

being in a family; where that was my dad's business;
sometimes;we could get it for $36/oz - in the mid 70's

here's a chart that might be helpful

http://www.measuringworth.org/datasets/gold/result.php
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