Buying Gold

[Shannow]

http://coins.about.com/od/worldcoins/ig/Chinese-Counterfeiting-Ring/Chinese-Made-Counterfeits.htm

Not detailed, but must make you feel sick if coins are part of your investment portfolio.

 

[Win]

I don't understand the whole buy gold thing.

Gold has no innate or intrinsic value.

If you are worried about gold as a hedge against doomsday, you would be better off with a few acres of land to farm, and a lot of guns to defend it with.

 

[Shannow]

Win,
I've been arguing that for a decade.

The only value that gold has is made up...just like paper currency.

 

[Steve S]

Trouble with buying gold, or coins for that matter, is you pay a fee/commission when you buy, and pay a fee/commission when you sell again.

When gold is high, stay away. Kugerrands and Canadian Maple Leafs might be Ok, consider buying Maple Leafs in Canada.

I have a few shares of a gold fund, it's basically stayed within a small range; not really taking off like I'd hoped.
I bought that some time ago (two years?).
[/quoteI have had some gold mutual funds for the past 14 years, not really enough $$$ to worry about. I bought them to prove to my mom it was the thing to do . It haven't profited yet if that means anything.

 

[Steve S]

Buy low sell high ,ask the people who bought stocks high or real estate high. The price seems to have been the same for a few years.

 

[Steve S]

Originally Posted By: Shannow
Any truth in the rumour that China are counterfeiting many "collectible" coins ?
Everything from China is counterfit!!!

 

[Tempest]

Originally Posted By: Shannow
Win,
I've been arguing that for a decade.

The only value that gold has is made up...just like paper currency.

True enough but China and India want to get all they can:
http://seekingalpha.com/article/131313-why-china-and-india-want-the-imf-to-sell-its-gold

Gold has been considered valuable for thousands of years so old habits die hard.

 

[Pablo]

I'm single shorting gold just a little right now.....a few hundred shares....DGZ