Sell your gold jewelry now!

[Amadeus]

Gold being over $1,000 an ounce it seems sensible to starting looking around your home to sell certain articles of gold jewelry laying around.
I have a question. I have my gold class ring from 1994 that cost around $300 at the time. It is marked 10 karat and says something like 1GB or something like that, but realistically is it worth taking the time to sell it on the local market for some cash? I really don't personally value it.

[jimbos123456]

Hello there in my opinion gold and commodities in general are in a total bull market. I think stocks, real estate, and federal reserve notes are going to nose dive. In 2003 I bought tons of silver for $5.15 an ounce for fear of the real estate bubble, and now it's worth $21 an ounce. I think we are honestly going to have a repeat of the 1980's stagflation. I plan on selling my precious metals at the commodities top, and buying stocks and real estate as those markets bottom. I would keep your savings in gold, silver, foreign currency bonds that are going to appreciate against the dollar as the safest way to invest. You would probably make tons of money in dividends, capital gains at the same time, while still having your money safe. The 1980's commodities top adjusted for inflation is like $4000 an ounce for gold, $200 a barrel for oil, and $265 an ounce for silver. So keep that gold under the mattress, and stash your savings in foreign currency bonds! Inflation in the United States is really at 11% a year, the cpi numbers are false on purpose for political reasons. Have a nice day and I hope you don't sell that gold lol.

[MartialDev]

Do you think gold has peaked already? I'd expect it to run up for a few months longer, at least.

[AnonymousOne]

Well if you listen to Alex Jones (as I suspect a good number of the posters here do), he'll tell you that gold is going to hit 2k+.

Personally, I wouldn't sell just yet. Especially not for some plummeting fiat currency.

[coollikeme]

is weak. Gold will keep going up for a long time, 2k sounds good. If the dollar gets stronger then sell your gold.

[Ninja]

I think the goldprice will go down for a bit, then skyrocket again.

[Toefur]

Is it wise to buy gold? I was thinking about it about a year ago, maybe I should now. How does one buy gold? (Bare in mind, I am in Australia not America), and a Google search doesn't seem to be helping me.

[Phill]

I believe the time to buy was when the price was at $300. I would never buy anything that is at its all time high levels. This last happened to gold in the early 80s if I recall. It's been 25 years for those who last bought when the price was high to now recover their investment

Phil
A Blog About Nothing

[Old Soul]

I bet you wouldn't even get what it is worth....

keep it...

[Ninja]

Originally Posted by Toefur

Is it wise to buy gold? I was thinking about it about a year ago, maybe I should now. How does one buy gold? (Bare in mind, I am in Australia not America), and a Google search doesn't seem to be helping me.

You should try to surf the wave when it's forming, not when it's already fullsized and about to crash.

[jimbos123456]

Hi toe you can buy gold coins from perth mint in Australia or one of their distributors. Perth mint is one of the most reputable dealers in the world. Whatever you do though just buy physical precious metals, and not a pool account. Pool accounts are a scam in my opinion are subject to confiscation from the government. The United States confiscated it's citizens gold from safe deposit boxes during the great depression. Stay away from the collectors coins though you just want the bullion bars or coins as the cheapest method to own physical gold.

The Perth Mint :: Investing in Gold

[jimbos123456]

Hi toe you can buy gold coins from perth mint in Australia or one of their distributors. Perth mint is one of the most reputable dealers in the world. Whatever you do though just buy physical precious metals, and not a pool account. Pool accounts are a scam in my opinion are subject to confiscation from the government. The United States confiscated it's citizens gold from safe deposit boxes during the great depression. Stay away from the collectors coins though you just want the bullion bars or coins as the cheapest method to own physical gold.

[escapee]

The Switzerland pamp gold bar is my favourite. I view gold/precious metals as monetary insurance rather than some kind of investment that will bring me XX% of return per n years. If you got in at 1000 USD per ounce, it just means that you have bought the insurance at "higher" price range. When the paper money turns worthless out of sudden, at least you still have the precious gold, a house ( property), a farm land for food, a bunch of steels that can be exchanged for other goods .


Swiss Pamp Gold Bars