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my extremely limited experience
Posted by John in Bismarck [Email] (more from John in Bismarck) on Mon, 11 Jul 2011 11:06:38
In Reply to: Buying gold/silver and other precious metals as investm, bender
[Profile/Gallery]
, Mon, 11 Jul 2011 07:49:32
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Last fall, pretty much on a whim, I bought a Gold American Buffalo coin issued by the US Mint (1 ounce, 24k gold, face value $50), for $1300 from a local coin dealer. No sales tax. Today, according to the Monex web site, my coin is worth $1600. Investment people I have spoken with tend not to like precious metals as a significant part of an investment portfolio, but owning some gold is probably not a bad thing these days.
As a point of reference, I just reviewed the quarterly statement from a US Treasury account that my organization has funds in, and we made 41 cents for the second quarter of 2011 on a balance of over $200,000.
posted by 97.119.239...
Monex site
Posts in this Thread:
- Buying gold/silver and other precious metals as investm, bender
, Mon, 11 Jul 2011 07:49:32- "GLD" Exchange Traded Fund, Bill Homer
, Mon, 11 Jul 2011 17:32:36 - Re: Buying gold/silver and other precious metals as investm, EGD
, Mon, 11 Jul 2011 14:52:44 - my extremely limited experience, John in Bismarck, Mon, 11 Jul 2011 11:06:38 <-- Viewing This Message
- Re: Buying gold/silver and other precious metals as investm, Craig, Mon, 11 Jul 2011 09:06:45
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