[Stu from NYC]

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.

Or buy stock in a gold mine.