Quote:
Originally Posted by retiredguy123
If you buy gold or silver coins or ingots, and then sell them back to the seller, you will lose about 8 percent of your money, assuming the market value has not changed. Not a good deal, in my opinion. The television ads for these coins often refer to them as an investment that will grow in value. Gold and silver are not growth investments. They are a commodity speculation.
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If you do it right, they can be a hedge against down markets. You don’t buy and quickly sell gold and silver any more than you would stocks. Both are a long term game.