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- Dec 21, 2017
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I have a couple (almost) one ounce coins. I see the exact coin for sale anywhere from mid $1800s, to over $1900 dollars. Yet, trying to sell one, I'm offered pennies over $1700 (from three vendors in two states). MELT value is $1775!
So basically, if I buy a coin for the BEST price I can find, and turn around to sell it, I either lose about 10%, or wait for gold price to go UP 10%. I can understand a gold dealer making a profit.... but this makes sticking your money in a bank and getting nothing point zilch interest look like a good strategy. At least if I deposit $1000, I can take out $1000 tomorrow. It almost makes investing in car parts look smart.
What say you?
So basically, if I buy a coin for the BEST price I can find, and turn around to sell it, I either lose about 10%, or wait for gold price to go UP 10%. I can understand a gold dealer making a profit.... but this makes sticking your money in a bank and getting nothing point zilch interest look like a good strategy. At least if I deposit $1000, I can take out $1000 tomorrow. It almost makes investing in car parts look smart.
What say you?