Quote:
Originally Posted by Sabella
Anyone purchase gold recently who can recommend a honest , fair priced stable company to buy from. Any opinions on why the US currency will be worthless soon considering there in little gold to back the paper?
|
I'm far from an expert, but I have a done a couple of moderate sized Gold transactions. I paid about 5% over "face value" & I only bought Liberty & Eagle Gold Coins. They were for the most part, uncirculated and I like the way they look. I bought 20 of them, when gold was around $1100. I sold them last year, when gold was around $1850.
I was astounded at the different prices I was offered when it came time to sell. I talked with 3 or 4 dealers and got offered between 30% under the Spot Price, all the way up to 3% over Spot. That was an education.
The purchase & sales were in New England, so I can't really help you with a local recommendation.
As for the US Currency not being backed by Gold ... nothing is backing Cryptocurrency, but it seems to have value to some people.