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Gold Speculation

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okie-colin's Avatar
United States
1083 Posts
 Posted 03/06/2008  1:55 pm  Show Profile   Bookmark this reply Add okie-colin to your friends list Get a Link to this Reply
Sorry I got that backwards - they sell for $18 over spot and buy back for $12 over spot. Still very reasonable. The KRands are closest in cost to spot, but still contain one Troy ounce of gold. Decided against it. No guts. The time to buy was a year ago. If I already had any I sure wouldn't sell it yet though!
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1sikevo's Avatar
United States
1130 Posts
 Posted 03/06/2008  1:57 pm  Show Profile   Bookmark this reply Add 1sikevo to your friends list Get a Link to this Reply
Yeah, it doesn't matter if you get the Buffalo, Maple Leaf, Panda, Gold Eagle or Kruggerand. Each one has exactly 1 troy oz of pure gold. Some are .999 pure while the Krug and AGE are 22k (22/24 purity). That also means that by total coin weight, the AGE and Krug is slightly bigger and heavier.
I'm not buying gold now until it comes down. I sold the majority of my gold when it hit 800, but that's the gamble you take when you play the commodities market. Jump off too early and you miss the best part of the ride, get off too late and you missed out. Knowing when you hit the apex is ideal, but again, it's a gamble and anyone's guess.
Edited by 1sikevo
03/06/2008 2:02 pm
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