I Got Another Gold Coin Today

[John-Edmonton]

The price of gold is dropping ($877.01/Ounce) and is down considerably from what it was a short time ago....over $1000.00/Ounce. I went to my local coin store to buy some more 2x2 coin wraps, and he showed me some new coins he had just come in. He sold them for what he bought them for. I am guessing that gold will soon go above the $1000.00/Ounce mark and stay higher then it is right now. I bought it! It cost me $49.00 Canadian.

I am planning on buying one gold coin a month as as long as the price remains below $1000.00/Ounce

 

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[EdleBrock]

Hi John,

Was this another coin metamorphosis ? Found clad (or whatever you call it up North) for gold...

I always enjoy reading your posts, always entertaining and informative.

Take care,

Jim

 

[John-Edmonton]

Hi John,

Was this another coin metamorphosis ? Found clad (or whatever you call it up North) for gold...

I always enjoy reading your posts, always entertaining and informative.

Take care,

Jim

No....this was a cash deal. The way I see it:

"A jar of $60.00 clad will be worth $60.00 in ten years. However, $60.00 worth of gold will be worth more then the $60.00"

Thanks for the compliment on the posts. Three things in life dearest to me......Family, work and metal detecting and not always in that order.