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F.O.A.D. F.O.A.D. is offline
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First recorded activity by BoatBanter: Feb 2013
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Default Considering the purchase of gold...

On 9/24/13 8:23 AM, iBoaterer wrote:
In article ,
says...

On Tuesday, September 24, 2013 7:37:29 AM UTC-4, iBoaterer wrote:
In article ,
says... ....and, other than a Krugerand many years ago, have never done so. Any suggestions as to where gold can be purchased? I'm thinking coins, or something tangible, that I can give as Christmas presents. Good idea, seeing how gold is losing value.....

Great! That'll make it cheaper to buy!


And worth less when it keeps going down.



Gold is a lousy passive investment. If you buy gold when its price tanks
and then sell it if it rises substantially, then you've made money with
active investment. If you buy it and sit on it and sit on it and think
that it will be worth a lot more if and when the world economy
collapses, than you're a fool.

Now, if you give a woman some pretty gold jewelry, that's a worthwhile
investment in your relationship, and you don't have to concern yourself
with what the price of an ounce of gold is on a given day.