My grandmother recently died and left me 2 gold bars. i dont want to get rid of them. is there anyway i can make money with these bars without selling them?
2007-06-23 07:19:29 · 18 answers · asked by Kenisha 2 in Business & Finance ➔ Investing
You want to make money on gold bars without selling them, right?
I suppose you could put them on display and charge admission to see them. Other than that, no.
2007-06-23 07:22:50 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Calculate the growth of gold over your life and the rate of gain in the market. I think the market would win. Take into account the times and you see the debt is out of control and there could be a volatile market with an election year and all. Look at all the angles and put them against your need then decide what you will do.
2007-06-23 10:16:39 · answer #2 · answered by Pablo 6 · 0⤊ 0⤋
DO NOT SELL THEM.
gold is intended to be a long term investment esp usefull in times of broken economies, or local war.
If money is no good, what else do you have left? You have a free "get yourself out of sh*t" card. keep it. until you need it.
she was part of the great depression wasn't she? Thats why she held onto those bars. incase anything like the great depression hit her again, she'd be financially stable for a while.
try to make her wishes/dreams/plans live a little longer. She might have a point ya know
No, you can't make money off them with out selling them. What did you have in mind? charging admission to come look at them?
2007-06-23 07:23:57 · answer #3 · answered by Mercury 2010 7 · 1⤊ 0⤋
why not just sell one of them and buy bonds with the money and just keep the other in a safety deposit box in a bank. the bonds will grow in value. that way you could keep one of them and still make some money. or get a bank to loan you money on them, invest that money, and pay off the loan a bit at a time so you get the bars back. in the meantime, the money you invested will make money.
2007-06-23 07:33:35 · answer #4 · answered by gone fishing! 5 · 0⤊ 0⤋
Only invest them, but if the investment goes under say bye bye to the bars (initial investment).
So would be a risk.
Or
Set up one of those Sade shows, where people driving along on a long journey would see your bill board advertising: "The amazing gold bars!" they would pay you to see them, then realize they wish they hadn't, but by then you have their money and so it goes on, customer to customer until you are mega rich!
Just a thought!
2007-06-23 07:28:27 · answer #5 · answered by ? 3 · 0⤊ 0⤋
well yes and no the price of gold is always rising but the only way to rally make anymoney with them is if you sell them however you may wanna try and talk to aninvesment brokerand see what advice he may be able to give you but whatever you do make sure you keep them safe as a family treasure and for monetary security
2007-06-23 07:23:37 · answer #6 · answered by Anonymous · 0⤊ 0⤋
YES, YOU CAN MAKE MONEY JUST LETTING THEM SIT AND AGE NOT TO MANY PEOPLE HAVE GOLD BARS IF YOU KNOW HOW OLD THEY ARE YOU MIGHT BE SURPRISED ON HOW MUCH THEY ARE WORTH IF YOU DON'T KNOW MAYBE YOU CAN FIND OUT I WOULD GET A BIG HEAVY SAFE AND PUT YOUR GOLD BARS IN SAFE KEEPING THE LONGER YOU HOLD ON TO THE THE MORE THEY ARE WORTH THIS OULD BE YOUR RETIREMENT KEEP IT UNDER YOU HAT IF YOU KNOW WHAT I MEAN CONGRATS!! SHE WAS LOOKING OUT FOR YOU
2007-06-23 07:46:39 · answer #7 · answered by kitty 6 · 0⤊ 0⤋
probable silver - in all situations. Gold nevertheless has some thank you to bypass perhaps - yet call for isn't extremely outstripping furnish. Silver on the different hand is turning out to be to be increasingly greater in call for - not purely for jewelry yet additionally for electric powered artwork, silvering purposes etc. China is extremely increasing its call for for silver - as to a touch lesser degree is the West. situation is (or good factor, reckoning on your point of view), the quantity of silver being mined and subtle isn't increasing as immediately - as such, there is comparatively little in reserve. as with all issues if call for outstrips furnish, cost is possibly to develop. additionally, with Gold, the cost does tend to selection - easily while currencies are under possibility - and persons start to purchase gold - and then negatively while foreign places funds is powerful yet economies are (incredibly) vulnerable and persons might desire to "earnings". ultimately, if Gold is going up $10 an oz.., who somewhat supplies a hoot - you're making $ninety. If Silver is going up purely $a million, you're making $516 i've got faith you will locate silver will bypass up (as a proportion) notably greater effective than gold over the advent years. probably in 6 months, Gold might win - because of the undeniable fact that's extremely risky - it might desire to easily as easily FALL in fee too. Mark playstation : the only element Gold bullion has in its favour final time I checked (for the united kingdom besides) is that bullion is exempt from VAT - silver bullion isn't.
2016-12-08 17:23:58 · answer #8 · answered by Anonymous · 0⤊ 0⤋
get loan against it
Trade gold future & gain
Leave 200 Gold Bars to your grandchildrens
more on my blog
2007-06-23 17:26:32 · answer #9 · answered by dinu_pawar 5 · 0⤊ 0⤋
go to a proffessional jeweler and tunr the bars into golden necklaces or watches... and THEN... you can sell those objects, which arent just gold bars anymore:D.. or you could keep them.. but you cant expect money to "grow" from them
2007-06-23 07:23:50 · answer #10 · answered by crippleton 1 · 0⤊ 0⤋