Re: What's your fav kinda Gold?
Quote:
Originally Posted by
cchardwick
I actually sold all of my gold and bought Black Angus Cattle = BLACK GOLD!
I pawned my white gold class ring for a couple pitchers of Lite years ago. Ugggh, I think you made the more sound investment. :tears:
Re: What's your fav kinda Gold?
Ill go off on a different tangent here because I'm a coin guy sooooo.....
Gold Maples
Gold Krugerrands
and
(my personal favorite) pre-1933 US Gold coins .....$5 Gold Half Eagle Indian....oh yeah
http://i66.tinypic.com/23jg96e.jpg
A person can say....."I bought a $15,000 piece of jewelry, so when I sell it, it's going to be worth $15,000".....until you meet someone who understands gold purity and weight and they offer you $300 in scrap value because that's what you actually have in front of you. Jewelry carries ENORMOUS premiums (and low purity) over spot price, so for investment purposes.....just understand what you're actually buying.
Want to ask a question that will make a jeweler sweat? ....start looking at rings or necklaces, and then ask, "If I would sell this, what would you give me for it (scrap price)?.....see if they even answer the question.
Re: What's your fav kinda Gold?
Quote:
Originally Posted by
KevinK
Ill go off on a different tangent here because I'm a coin guy sooooo.....
Gold Maples
Gold Krugerrands
and
(my personal favorite) pre-1933 US Gold coins .....$5 Gold Half Eagle Indian....oh yeah
http://i66.tinypic.com/23jg96e.jpg
A person can say....."I bought a $15,000 piece of jewelry, so when I sell it, it's going to be worth $15,000".....until you meet someone who understands gold purity and weight and they offer you $300 in scrap value because that's what you actually have in front of you. Jewelry carries ENORMOUS premiums (and low purity) over spot price, so for investment purposes.....just understand what you're actually buying.
Correct. Anyone that buys Gold at chain store prices will never get their money back. Stores (unless a fine Jewler) don't even list the weight of the gold. Most of the time you see .37 for the stone & don't realize its only 2-5 grams of 14kt and they are selling them for $3200. I buy all my Gold below Scrap prices so I'm guaranteed to break even even if the market crashes. I have a ad & listing for what I pay cash. I mostly get items handed down and people just want whatever they can get. My Rolex is worth around $9000 used and I paid $800 to a man that got it passed down to him.
I purchased a 5 ounce Mariner link chain in Dec for $1200. Even my Jewler offered me $3000 cash for it lol. I don't buy anything below 14kt. Last year I melted 3 ounces of scrap I had so my jewler could make a Chain for my daughters Sweet 16... He does molds and designs all the things I see that I like and then makes them. All the real weight I have I bought when gold was under $600 a ounce back before 2009.
https://uploads.tapatalk-cdn.com/201...7c2291b43f.jpg
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Re: What's your fav kinda Gold?
Quote:
Originally Posted by
craigafrechette
The gold medal I won in Lake Placid, on the same ice the 1980 Miracle on Ice took place. USA! USA! USA!
so u figure skate? that's awesome!
Quote:
Originally Posted by
CALM Pythons
[emoji1362][emoji1362] Gold is my Hobby besides Snakes. Im all about 14kt Yellow. Even have a Model Dump Truck. I figure once Im Old as Dirt my kids can sell half of it and cash out without the GOV taking a cut... Then pass the other 1/2 on.
https://ball-pythons.net/forums/cach...7a33134d09.jpg
that's amazing!
Quote:
Originally Posted by
c0r3yr0s3
My celebratory gift to myself for getting off probation in November will be 6k worth of gold and diamonds in my mouth
ok we gotta see that. talk about putting the money where yo mouth is!
