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Is it the American Eagle, Maple Leaf, etc?

2007-05-26 10:57:27 · 3 answers · asked by abqmcse 1 in Business & Finance Personal Finance

3 answers

The average price of gold in 1975 was $160.86/oz. In 2005 the average price was $444.74. According to the US Bureau of Labor Statistics inflation calculator. $160.86 in 1975 is equivalent to $583.94 in 2005. That means gold LOST value compared to inflation. It is not useful as protection against economic collapse either. NO form of currency has any value in a failed economy. Food, Fuel, and Ammo become the only currency anyone cares about.

Another note: gold coins are always purchased at retail and sold at wholesale. The price must increase by the retail markup just for you to break even without accounting for inflation.

2007-05-26 14:01:24 · answer #1 · answered by STEVEN F 7 · 1 0

I don't know, but I do know gold is NOT an investment. It's really more of a protection. I found this on a website:

If your goal is simply to capitalize on price movement, then bullion coins will serve your purposes, though at the present, profit-oriented investors might also want to look into higher-grade, semi-numismatic U.S. $20 gold pieces. These offer profit potential above and beyond tracking bullion price. If you are interested in long-term asset preservation and you have additional concerns about capital and/or monetary controls -- a more complicated scenario -- then you might want to include the lower premium variety of pre-1933 European and American coins in the mix. These have been treated by the government since the 1930s as historical, collector items and, as a result, afford the privacy-minded investor with a greater degree of safety than gold bullion.

2007-05-26 18:17:07 · answer #2 · answered by The Scorpion 6 · 0 0

I would have to go with the South African Kruggerand.

2007-05-26 18:40:56 · answer #3 · answered by bbooptoon1959 3 · 0 2

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