if i gave you either a 1 oz gold coin or 1000$ and told you you had to sit on it 5 years?

Question

Which would you choose

Answer 1

One ounce of gold may go up in value, but it wont reach $1000.

Answer 2

Even though the value of gold fluctuates it might be the better deal. I am not so sure gold would reach a $1000 an ounce in 5 years, but just may. I would take the $1000 and in five years buy a collectible gold coin, one that is not real rare, but has a low mintage, then give it to one of the grand kids and have them sell it is 10 years or so.

Answer 3

I take the gold coin; currency can go up and down and GOld has steadily gone up in value, plus currency is just as solid as the paper is printed on; gold on the other hand is never worth zero and you can put it on a safe deposit box, sit on it for 5 years and the coin will not only increase in value in terms of the metal is minted or struck on, but if the coin is collectible, the collectible price will go up as well.

How much you think a Gold $20 1933 Double Eagle coin is worth in the market? How about 7.5 million dollars (since 445,500 were minted in 1933 and most of these coins never went into circuation and were melted after the US eliminated the Domestic GOld Standard in 1933).

Answer 4

The coin. While it's not currently worth as much, with inflation going the way it is now the gold will hold it's value better.

Answer 5

because of inflation, the 1000 will end up still worth 1000, but will not get u as much. ill take the coin. its value would at least be proportional to inflation

Answer 6

umm the gold coin cause well first u didn't tell me if i had to sit on the gold coin only the $1000. second i think the gold might be worth more

Answer 7

Any jeweler may be waiting to make it easier to be attentive to if it incredibly is actual. There are a minimum of three uncomplicated techniques to properly certainly worth the coin. One is the face cost, $50. needless to say, the face cost is symbolic and not meant for use as criminal gentle. (you would be stupid to apply the coin as forex to purchase some thing.) the 2d thank you to properly worth it incredibly is by capacity of the load of the gold itself. A a million-oz..gold coin is incredibly a million Troy ounce, or 31.1035 grams of gold, not 28.3495 grams, as in a familiar ounce. you are able to cost it by capacity of looking at right this moment's gold commodity expenses, which right this moment is $29.sixty seven in step with gram. in this foundation, the gold may be properly worth $922.80 4. Is is likewise beside the point, considering you would be violating American rules by capacity of melting down such forex. The 0.33 thank you to properly certainly worth the coin is on its buying and promoting cost to creditors. it incredibly is the main rational thank you to properly worth it, and the maximum of the three. creditors will pay you a minimum of what the gold is properly worth. you are able to discover some those days performed auctions for this coin on eBay that fetched between $925 to $960.

Answer 8

as a ex hard rock gold miner i would take the gold coin. i believe that oil prices will keep going up and gold prices will follow.

Answer 9

I'd take the money and buy a nice Laz-e-boy recliner with heat and massage.

Answer 10

the money gold prices fluctuate