When GOLD hits the $1,000. Spot Price per ounce,
I will simply say again... I TOLD YA SO...
Remember...
The Spot Price was at 418.00 at the beginning of last year.
All Countries Economies are based on their Gold Reserves,
and as China continues to buy up every Gold Reserve they
can get their hands on, and the US Dollar continues to drop,
and it obviously will, Gold will climb even faster!
It's not like the Real Estate Bubble, with home sale prices
starting to drop off because of rising interest rates, or the fact
that the average American family simply can't afford the
inflated prices being asked now... which also has to with the
Real Estate Agent's motivations on commissions alone. And the
Condo investors who had the hopes of generating positive cash
flows from renters who also pay their morgages at the same time,
simply can't rent them now... cause there are sooooooo many!!!
However, it's like LAND values though, which will alway continue to rise,
for the simple fact that there isn't anymore being made now... is there?
Now... There is Gold, and there is Rare Gold coins,
and new Gold coin collectors are rising at an astonishing rate,
and of course Silver as well because of precious metals sky rocketing,
which is driving the value within the Numismatic World out the roof!!!
To make a long story short, and get to just one main suggestion...
buy up as many Gold Double Eagles you can get your hands on!
These are the United States 1oz Gold coins that were minted between
( 1850 - 1907 )... actually anything pre 1933 will do!
Why pre 1933 your going to ask next?
Because...
that is the cut off point where a coin is concidered a collectable,
and you don't have to pay taxes on!!!
Keeping in mind that this is mostly Gold Bullion investing, unless
the coins are Key Rare Dates, also depending on the condition of the coin,
or minted at a certain Mint which had lower ( POPs ) populations,
which then brings into the Numismatic Values of the specific coin to
constantly rise as well... and sometimes rediculously.
In other words... Some 1oz Gold Coins are not simply worth their weight
in Gold, but can be worth Thousands more, etc.
BUY PRE 1933 GOLD COINS, DON'T HANDLE THEM, DON'T CLEAN THEM,
PUT THEM IN AN AIR TIGHT, THEN PUT THEM IN YOUR SAFE DEPOSIT BOX
SO YOUR ASS IS COVERED!
And remember,
I tried to tell ya...
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