Don't you just love the "Buy Gold" stuff on TV?

[diamonback68]

Gold is selling for $893 an ounce today and the ads say BUY GOLD because the experts say gold could go to $1800 and ounce in the near future.
Hello, wouldn't it be smart for them to hold onto it and double their money?! What a crock!

 

[diamonback68]

Gold is selling for $893 an ounce today and the ads say BUY GOLD because the experts say gold could go to $1800 and ounce in the near future.
Hello, wouldn't it be smart for them to hold onto it and double their money?! What a crock!

 

[rundownfid]

I like the one that has G Gordon Liddy. That old guy is still ticking and makes a great add.

 

[Ohio Outdoorsman]

Gold was only $300.00 a few years ago and silver was under 4.00. I buy all I can all the time. I don't know of anything else that's gone up as fast except maybe ammo right now and I buy as much of that as I can also.

 

[gunsmith11]

diamandback
you make a very valid point

 

[feralmerril]

If they think its such a good deal why are they selling theirs?

 

[Jack Flash]

I love the ad that says "Put your old gold jewelry in an envelope and send it to us and we'll send a check back to you!"

You send it to them without knowing what they are going to pay you? If you refuse the deal, are you sure it won't get "lost" on the way back to you?

 

[gunsmith11]

the question is if you have gold, and the crater goes under,who will it sell it back too

 

[labworm]

Gold will keep your paper in line with inflation.

Example, purchased in 1985, 1 oz $385.00, today's price $890.59.

To duplicate the the purchasing power of 385.00 in 1985 to the year 2008, you will need $770.37.

When it comes to selling the gold, I hope no one believes the buyer is going to give them the actual price per ounce on the day the transaction takes place. If he did, he surely would not be in business very long.

 

[MADISON]

Gold at $893 an ounce
We should all buy gold at $893 an ounce, now that minerals have started to go down.
Buy at $1,000 an ounce and sell it at $250 an ounce.
If I had gold bought at $250 an ounce I would love to sell it at $893 an ounce!

 

[BugBeard]

Originally posted by feralmerril:
If they think its such a good deal why are they selling theirs?

If you have gold and need cash for it so that you can do something with that cash then that's not a bad way to sell it. Not saying that's all that's going on, but it's a viable explanation other than "the gold isn't a good investment or they wouldn't sell it".

 

[bk43]

Originally posted by rundownfid:
I like the one that has G Gordon Liddy. That old guy is still ticking and makes a great add.

Yup. I really like the way he kinda' flicks the bill off to the side like it's trash or something.

BTW, I saw Warren Buffet a few weeks ago say he would never buy gold. Said it's not capable of producing any income, it just sits there and burns up insurance and storage bills. Although he's having a tough year(like a lot of us

), he's right a heck of a lot more than he's wrong.

Bob

 

[perpster]

Originally posted by feralmerril:
If they think its such a good deal why are they selling theirs?

My guess is they are making money on the transaction as a broker or middleman. Just like with the sub-prime mortgages, the profit was in the transaction not the underlying item being traded.

 

[MTKTM]

Anybody here who truly thinks he can accurately predict what gold (or any other commodity, or stock, or bond, or real-estate, or whatever) is going to do is truly and utterly delusional.

The way these companies that advertise make their money is on the premium or commission. They generally buy at spot or "melt", and sell, say, Kruggerands/Maple-leafs/Eagles or other 1oz. rounds at $50 to $80 over spot. They turn it as fast as they can, so they make their commission quickly no matter what the spot price is on any given day or hour. They don't buy and hold, that's too risky for them. They want you to take the risk and they'll just pocket the commission.

Nothing wrong with that, it's a legit way to do business. Of course, they do better when prices are surging and there is uncertainty among investors because there's more buying/selling going on.

 

[10-12]

A friend asked if I were stocking up on gold. I said, no, I am stocking up on lead.

Bill

 

[bogman]

The best bang for your buck, is to buy ammo, in 9mm,40cal.,.45,.38,.357,.223,.308 & .22long rifle. if inflation hits like they think it will in the next year. ammo will be worth its weight in gold !!!!!!!!!!!

 

[cshoff]

Gold is essentially a constant. In other words, gold itself doesn't fluctuate a whole lot in it's intrinsic value. What DOES fluctuate a lot is our worthless paper dollars.

If you want to know just how worthless our paper dollars have become, consider that during the years our dollar remained pegged to gold via the gold standard, gold prices and the value of our dollar remained very stable, save for some normal inflation. Then, take a look at what has happened since 1971 when we completely abandoned the gold standard. Gold went from $44.60 per ounce all the way up to the $893 it is today. In reality, it is our worthless fiat currency that has taken the beating, not that gold is worth that much more.

Gold, historically, has always been a good investment, especially in uncertain economic times. If I had the money to spend, I'd gladly invest some in gold right now.

 

[MTKTM]

Even though I stated just a few posts ago that anyone who predicted what gold was going to do price-wise was delusional, here I go...... I found out that those voices I was hearing might be true!!

My guess is that as the stock market begins to make a herky-jerky recovery, a process that has already begun, prices of gold will be soft. If I were going to jump into gold at this time, I think I might wait a while as I believe that current prices will drop even more. Personally, I'm inclined to begin buying again if it gets below $750-770, and it's $100 over that right now.

Should we get a ramp-up in inflation a year or two out as some are predicting, then gold will make a major upward move.

Again, this is simple delusional material, so please disregard!!!

 

[NCTexan]

I enjoy watching the "Send us the gold jewelry that you don't want and we'll give you some money" commercial.

It shows them opening an envelope, dumping out some gold jewelry, and immediately melting it down.

There couldn't be a better fencing operation in the world.

Needless to say, not to many "regular folks" would drop their gold valuables in an envelop and hope that someone at an unknown PO Box would give them fair value.

On second thought.... I was thinking about posting, "Do you have any old mint Model 27's just laying around or taking up valuable space in your safe? If so, send them to me immediately and I will send you some money back."