Is A Non-Collectible Gold Coin Worth Melt Value?

Just remember...money in the bank is LOSING money everyday! No joke. At a generous 2% interest...and a 1.7% inflation rate, coupled with a 3% depreciation rate due to QE3... that nets you 2.7% loss in value for the year! That is going BACKWARDS! Then add in allthe bank fees and charges...yes...some banks are actually charging to make a wwithdrawal...and your loss mounts even higher! You want a safe haven....buy palladium...look at its five year up/down extremes, to me that is the lowest risk PM of them all! Lower profit potential as well...but sheesh..at least you aren't promised to lose almost 3% a year!

Yea but youll lose more than that reselling a PM whose price hasnt increased and of course it could do down. PMs can be good long term but not for money you need to be accessible

Roller I completely agree. I think the thing that sometimes get lost in the PM and money talk is that not everyone keeps the backup funds. I agree PMs are a good hedge and a good thing to have but not at the expense of turning money that could be needed or is set aside for college like the above example. Pms do have value and I think its important to point out that turning that into cash when necessary often results in a loss without a price increase. If you bought a couple years ago theres no worry right now, but if you bought 3 months ago depending when you did your probably breaking even at best. Theyre a good long term plan just not short without some luck on your side.

A lot of the debt problems faced by most people was from living above their means. Some people really did come on hard times, but a lot either spent to much or went to a school that was too expensive and just didnt think it would be an issue or didnt care. You cant assume that paycheck will always be there and its important to be prepared if it disappears. Its amazing how much you can save just by cutting out a bar trip a week or eating at home more. A lot of little things like that add up fast

My "bar trips" usually consist of silver BARS! Lol

Awesome discussion everyone.

How much does an assay cost when you go to a shop? Do they at least keep the portion they cut to test?

Lol that can actually be cheaper sometimes.

As long as these rounds or medallions have the gold weight and purity stamped on them, they should be fine. It can be difficult to see unusual rounds that do not have the gold or silver weight and purity on them.



Indeed so... as safe and sound as the US dollar itself.

That's exactly what happened to us. My wife had some old jewelry that she no longer wears so wanted to sell them. We went to a touring gold buyer and he made a few tests, offered her some prices for the various pieces, and she accepted some of them but not others.