Posted by MarkB_MI on March 31, 2014 at 19:11:23 from (75.198.66.154):
In Reply to: OT--GOLD Investment? posted by Jiles on March 30, 2014 at 22:01:28:
I'm sure there are honest gold brokers out there, just as I'm sure there are honest used car dealers and honest roofing contractors, even if I haven't met any myself. But it's a fair assumption that the more heavily a dealer advertises, the greater markup he's going to have to get to pay for that advertising. Several gold dealers who advertise heavily on conservative talk shows have come under scrutiny for their business practices. Google "gold coin scams". Buyer beware.
Figure out how much your actual buy/sell spread will be after you calculate in ALL your costs including shipping and credit card or wire fees. If the spread between what you'll pay to buy and what you'll receive when you sell is ten percent, gold is going to have to go above $1400/oz JUST TO BREAK EVEN. I sure wouldn't bet my retirement savings on the prospect of that happening.
A lot of folks here have been preaching the "buy gold now" mantra even as gold prices have plummeted. I guess what was a good buy at $1700 is an even better deal at $1300. But it will be better still when gold crashes down through $1000, which might well happen this year.
Keep in mind that gold peaked after the greatest economic crisis since the Great Depression. So we'll need another crisis just as big if gold is to rise above 1600 again. I'll also note that doomsayers like Howard Ruff have been predicting the demise of the dollar since the seventies. So far their dire predictions have not come true. Sure, it could happen. Even a broken clock is right twice a day.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
... [Read Article]
Latest Ad:
2022 John Deere 5045E, 4wd, front end loader and 3rd function with grapple. 120 hrs, 55k new, must sell
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.