Gold or Silver

[Snow4JC]

Greetings~

I am just wondering if anyone has invested some money into Gold or Silver.

I have chosen to invest some of my money into Silver coins.

I was buying from ebay. However, by the time you pay postage plus a handling charge, you might as well drive to your nearest coin shop.

It was fun for awhile but now I am going to step back and record what I purchased.

My gold is limited to the chain around my neck, LOL LOL.

Looking forward to hearing from anyone. Thanks.

Snow4JC

[irishcowboy]

why are you investing in things of this earth?

that rust, can be moth eaten or stolen?

actually, I have a coin collection. my hobbie of coins has been dormant for several years. they do not mean nothing more then that, a collection, a hobbie.

will give you and example:

I bought three $2.00 bills from the 20's /30's for 9 dollars, this price wasjust a bit above the going book price..... i had no intention of selling, nor did i care to try and get a complete run of them, just gotthem to place in my books.

i have sold many coins, even given some away. with in 6 months of obtaining those three bills, a guy bought them from me for 18 bucks. I doubled my money, and he knew they were only worth book value.

i have a 1 cent piece that shows at book value of between 60 and 85 bucks. is it worth that to me? no, it is worth 2 cents... why? cause that is what the copper value is in that coin.

most of my coins were collected while in circulation, some were collected as gifts, and only a small amount were bought from another collector or dealer, very few.

i have all but three wheat back 1 cent pieces, all the lincolns until 1982 (where there are 5 varieties)... I have many coins from the 1800's all but one buffolo 5 cent piece.

what i am talking about, is that alot of these coins were picked up from the lunch line while in school, ( hmmm, wonder whos daddy is missing coins from their collection) some have been picked up from the toll booth, and some were found at play grounds ( under swings, slides, and other places ) some even found in the parking area by the streets, where people park.

coins are too easily stolen, misplaced, dropped lost.....

gold prices and silver prices are not that stable.... my class ring could have been sold for over 1000 bucks on year after i bought it for 150 bucks ( metal weight alone ) but now it is not worth the 150 bucks, go figure.....

you can buy the coins, and objects, butthen if you wish to sell them you have to find some one that will pay the price you paid for them or higher or you loose money.....

the value is only in the eyes of the beholder.

would you pay 60 dollars for a copper coin?

it is a rare coin,

it is in very fine condition.

I even have mint condition coins, and near mint ( 60's and 65's )

i have collectors pieces, none are worth more then the metal weight they have in them, even the 1 oz rounds, .999 pure silver.

pretty soon, coins will be of no value at all, for there will be no money... and well, a piece of bread can buy a bag of gold.

mike

[Guest KenRunsOnJesusFuel!]

Mike is right, invest in your soul, it will more then pay you back.

PRAISE HIS NAME!

[Cerran]

When the US dollar collapses (And it will at some point) I believe Silver will be the new currency. Where I live, many places will take the Liberty Dollars I pack around and usually give me more value for it than a fed Dollar.

Looks closely at the value of gold or silver and in relation to inflation it has stayed relatively constant.

in 1913 one ounce of gold was worth ~$20.00

in 2005 One ounce of gold is worth about $420.00

Gold has deflated slightly over the years but nothing comapred to paper money.

For those of you who think we are in an economic boom, I suggest you look at GDP growth rates from 1850 to 1913. That was also in a period without inflation.

[pretzelperson]

I have recently heard ads on the radio suggesting the benefits of investing in gold bullion. These adds seem to come in cycles. My guess is that when I hear ads on the radio suggesting that I buy gold the market is really a sellers market and not a buyers market. The "experts" want to sell their gold inventory becuase the market is up. I don't know this for a fact--it is just my guess.

[irishcowboy]

yes, the market does have a lot to play in the gold and silver prices.

have seen silver above $50.00 an oz, and gold well over $700.00 an oz.

there was a lot of selling back then, and then it dropped.... while i was watching it, a person would have to had lots of it to do any good.

anyways. anyone want to buy a collection for the book list value?????

[Guest SavedKing]

i am not a fan of gold or silver... i prefer platinum. That is what my wedding band is made of.

I also have a necklace and cross made from wood and hemp because jesus was a carpenter and loved wood.

[Guest Fluffy the Cactus]

You are very wise to invest in something, especially the way Social Security is being run into the ground, underfunded, etc. I have heard many things about gold, and not too much about silver. Another thing you may want to consider in investing is CDs... Stocks are fairly risky, but CDs issued by banks are generally safe... er... safer...

???

[hmh]

Titanium, Aluminum, Copper, Lead, and Steel. Those are more useful and needed than gold or silver. And if you are wanting to invest when it hits the fan, those metals will be needed for the defense industry.

[Cerran]

Actually gold and sliver are more highly prized than all of those for industry. The others are used in higher quantities yes, but in many cases because only of costs.

Gold and Silver have just as many uses as Titanium, Aluminum, Copper, Lead, and Steel.