|
05-04-2023, 07:07 AM
|
Sage
|
Join Date: May 2013
Location: South of 466a, if you don't like me.......I live in Orlando.
Posts: 12,816
Thanks: 1,011
Thanked 11,011 Times in 4,202 Posts
|
|
Quote:
Originally Posted by retiredguy123
fyi, i once called a gold coin dealer who advertises on television and asked the question, "if i buy $1,000 worth of gold coins, and then sold them back within a few days, with no change in market value, how much money would i receive? He said i would end up with $920, or 8 percent less. So, if you buy gold coins, the market value would need to increase by 8 percent in the first year just to break even. I don't know if there are more efficient ways to buy and sell gold.
|
ouch!!
__________________
Identifying as Mr. Helpful
|