Thread: Buying GOLD

24k is more pure than 18k gold.

so yes I'd say 24k would be better to invest in than 18k, although it'll be more expensive to buy than the 18k to begin with.

Is 24K the best? What about Silver? Is $19.99 a good price for these coins?

https://www.getmorgans.com/spark/index.php?ai=19#

24k is the best.

silver isn't bad, but I am unsure of actual values of coins. I am just basing it on what I've read and learned in school (geology major). the price of gold fluctuates like everything, but in recent years the value has climbed quite drastically. it is a "safe haven" so to speak because even if the value drops it doesn't stay down for long because of how precious, valuable and sought after it is world wide.

it is something to research a good bit on because like any investing there is always the gamble of winning big or losing big.

Typically Gold fluctuates based on the value of the dollar.

When the dollar is weak, gold is up.

When the Dollar is good, Gold is down.

I think you would be better off investing in diamonds.

It's all about real estate right now... buyers market... forget the diamonds, buy homes. However, if you can't afford the home.. diamonds could be a good start to ramp you up for the big buy.

It's good to see you back on Satan... Just dropped in to wave a hand
Hello to you too Prince. I still see you're busy as ever.

No, diamonds are far too expensive and have annoyingly detailed grading. Coins are easy and more available.

Have you calculated what type of return you expect from buying gold (percentage-wise)? How much is it? Is there a safer, more reliable, financial vehicle that you use?

I'm not looking for an immediate return. Maybe 5 years or so?

Why not just invest in gold futures?

I don't know what that is. I've heard of it, but I don't actually know. I do like the idea of having Gold in my hands and in my home though.

Originally Posted by TheGreatSatan

I don't know what that is. I've heard of it, but I don't actually know. I do like the idea of having Gold in my hands and in my home though.

Where it can be stolen.

Originally Posted by IainDaniel

Typically Gold fluctuates based on the value of the dollar.

When the dollar is weak, gold is up.

When the Dollar is good, Gold is down.

Not only that, but almost all metals go up when the dollar is down. My dad buys and sells metal, and makes a killing off of it. He buys and collects copper II mainly. Half of his retirement is in Morgan Stanly, unfortunately. When the stock market is in the shitter, he sells his metal to recover his losses. Then when the stock market picks up...crossing fingers... that it will after the sub prime loan fuck up recovers, he buys his metal back at low a low price.

I never hear of too many other people doing this, but he has made it work fairly well over the last 30 years.

Originally Posted by TheGreatSatan

No, diamonds are far too expensive and have annoyingly detailed grading. Coins are easy and more available.

it's actually pretty straight forward, investment diamonds are basically flawless, they have a report that tells you this, you buy them, lock them up, and you're done, highly doubtful they will ever lose any value.

I love having coins in hand too. Gemstones are interesting too. Seriously though. See how Unvaluable some of these HIGH carat stones are.

Ruby

Topaz

AMETRINE

I think I understand now...

Gotta have the bling.

If you're looking to invest in gold, I would also be following this presidential race closely. If we have another Bush style deficit spender, gold will skyrocket. If we have someone who is actually fiscally responsible, then gold will most likely level out or decrease in value as the strength of the dollar increases.

As for investing in gold, check out bulliondirect.com - I've heard good reviews about them. I would go for the Engelhard or other well-known mint ingots - they sell them in a few different sizes at like 5 or 10% over spot, I forget which.

Originally Posted by DOMS

I think I understand now...

"How did he die?"

"O.G."

"Over Gold??"

I'm Gonna Git You Sucka

Originally Posted by TheGreatSatan

Is 24K the best? What about Silver? Is $19.99 a good price for these coins?

https://www.getmorgans.com/spark/index.php?ai=19#

Depends if you're a collector or not. For a pure investment vehicle, those are pretty bad. 20$ per coin for something not 99.9% pure is bad considering spot is currently hovering in the low 16s.

Originally Posted by TheGreatSatan

I love having coins in hand too. Gemstones are interesting too. Seriously though. See how Unvaluable some of these HIGH carat stones are.

Ruby

Topaz

AMETRINE

gemstones, especially rubies, are extremely easy to fake. I mean you can get synthetic ones which are REAL but just are not found in the ground, but when you see something like that you know it's fake. all you need is a piece of a much lesser valued stone and a bunch of glass and you can fake a ruby or emerald.

Originally Posted by danzik17

20$ per coin for something not 99.9% pure is bad considering spot is currently hovering in the low 16s.

Isn't that because they're 100+ years old?

Ok fine, don't say hi back..

Originally Posted by TheGreatSatan

Isn't that because they're 100+ years old?

Read the first half of my post

Originally Posted by Randy

Ok fine, don't say hi back..

I LOVE you too

Originally Posted by TheGreatSatan

I LOVE you too

Ahhh that's better, that's the Satan that I know.
"Acknowledgment with a bit of sarcasm."

Just buy your woman some jewelry, not only do you have an investment but you'll get special favors as well.....