“And the gold hawkers say, Buy Gold! It’s going to be $2000 an ounce! If they really believed that, they would be buying, not selling.”
To be honest, I would not have bought when it was $1900.00, or even $1250, but it’s getting close to the point that I might buy. The only thing that bothers me about ‘precious’ metals is that you can’t eat them, build a house on them, or grow crops on them. If the economic system collapses, and you have land with water, and a means to protect it, you are much better off than anyone with paper money - and likely better off than those holding precious metals.
“To be honest, I would not have bought when it was $1900.00, or even $1250, but it’s getting close to the point that I might buy.”
I bought silver between $11-$13/oz for two reasons: gold transactions are kept track of so 1) the feds can make you pay tax when you sell and 2) the feds know what you have and will take it when they say owning gold is illegal. Antique coins are not monitored, for some reason, so have a high premium.