|
IF you want to buy gold - stay away from jewelry! It has too much profit already built in.
For investment, you want either (South African) Krugerands or (Canadian) Maple Leafs. They are 1ounce gold (coins). Krugerands can be bought in smaller sizes but dont bother.
FYI for some reason, probably politically (Canadian) Maple Leafs are better accepted and are more liquid. They also have a $50 "floor" value as currrency.They actually have "$50" on it. You can get them on line or from coin dealers. Be careful and watch your bid/ask.
Keep a keen eye on the market since it is a volatile commodity and is VERY emotional. It hit $1000 months ago and some thought it would keep climbing. NOT it went to the
$890's and is now~$923.
Re: gas prices, the prices today cannot last too long. They will go down big time. America has "more" money than most countries, and we cant deal with it. Other countries will fold before us. This is a huge economic disaster that cannot sustain worldwide.
It has been said that after the Olympics in China we will see some real changes. The Chinese are subsidizing their economy to make it look good for the tourists. They cannot keep up the loss.
|