Questioning Gold

[shatto]

Saturation advertising by the various companies who want you to buy Gold from them remind us that it was cheap,
then it got expensive, and now that it is really expensive we need to invest, because Gold is going to go through the roof!

So.....

Why is there saturation advertising telling us that right now is the best time to sell our Gold and jewelry?

[tradosaurus]

Because prices are going through roof!

I think if the Shamwow guy was doing the saturation advertising you would be selling like no tomorrow.

[hondaguy72]

Saturation advertising = Huge profit margins. If you are given 40% value for your gold you may think you've won the lottery. An ounce of gold is a thinner coin the size of your thumb print.

[bowtieguy]

i believe even at today's price, gold has lost value over the past 20-30 years when adjusted for inflation. but, if the US dollar bottoms out...

[tradosaurus]

Buy and hoard cigarettes.

that's your real value.

[trollbait]

Guns and ammo trumps all.

[palemelanesian]

With the price of gold through the roof as it is now, it's not a good time to buy. Why pay twice as much for the same thing? They only want your gold so they can lowball you and then flip it for a profit, because everyone sees the high price and wants some of the gains. The trouble is, the gains have already happened.

[VetteOwner]

Originally Posted by trollbait

Guns and ammo trumps all.

you are right there, but add Twinkies THEN your set

[DRW]

I thought we were supposed to buy low and sell high?
Are we talking about buying/selling stock in gold? Or buying/selling jewelery made of gold?

[trollbait]

The more predatory market is coins. There are some companies selling coins with a high numismatic (collectable) percentage to their value while letting customers believe it's do to the gold content.