Quote:
Originally Posted by ThirdOfFive
Sort of related...
There are lots of radio and TV commercials out there about the upcoming "financial crisis" and how important it is to buy gold or silver (coins or bullion) for when that day inevitably comes. And of course, the company THEY'RE touting is the best one for such purchases.
I've always wondered though: if gold or silver is going to be so valuable then--why are they trying to SELL it now?
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They sell it for the fee they charge to buy or sell the gold and silver. I once called one these companies and asked them:
"If I buy $1,000 worth of gold today, and then sell it back to them the next day with no change in the market price, how much money will I get back?" The answer was $920.