Autumn

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Friday, April 27, 2012

Gold Fever

For many years I made monthly purchases of gold bullion coins. Usually a single American Eagle or Krugerrand but wasn't beyond sneaking the occasional Chinese Panda and odd Australian coin into the mix.

Then gold soared over nine hundred dollars an ounce and I turned to silver. I haven't purchased gold in over two or three years. Can't remember exactly how long it's been, doesn't matter, as the gold bug has taken another bite out of my butt.


I hit Ebay late this afternoon and shopped for a gold coin ring. It's for Sweet Wife. Our anniversary is next month and I'd like to find her a nice tenth ounce Krugerrand with either a fourteen or eighteen caret setting. Kill two birds with one stone.

She likes white gold, doesn't really care for yellow gold. If she doesn't like the ring, well shucks, I'll just put my new gold coin in the safe....

Stephen 
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10 comments:

  1. Andolphus GreyApril 27, 2012 at 9:25 PM

    My only gold investment is a couple of wedding rings. Best investment I ever made.

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    Replies
    1. StephenApril 28, 2012 at 9:43 AM

      That's true of many of us. Thanks, Sixbears.

      Delete
  2. PioneerPreppyApril 27, 2012 at 10:11 PM

    I never have bought physical gold past a maple leaf or two and that was back a ways. I have always stuck to silver in the physical world and dabbled in gold only in the ETF and funds world.

    I was always afraid that physical gold would be useless because no one I would want to deal with would have enough PM's to even make change or the govm't would confiscate it once again.

    ReplyDelete
    Replies
    1. StephenApril 28, 2012 at 9:45 AM

      PP, physical gold will never be worthless. It's the only true 'money' of the world. Our Federal Reserve Notes, fiat currency, on the other hand is and will continue to be useless. Its value is based on - nothing. Its value decreases every day of the week. As an example check the price of a loaf of bread. Thanks, my friend.

      Delete
  3. Rev. PaulApril 28, 2012 at 12:38 AM

    I'm with Sixbears - gold rings for me & my bride of 32 years. The rest of my precious metals are brass & lead.

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    Replies
    1. StephenApril 28, 2012 at 9:45 AM

      I own plenty of both brass and lead, too. Thanks, my good friend.

      Delete
  4. RobApril 28, 2012 at 7:22 AM

    Seems to me the folks selling and buying gold are the ones making any money. If folks own gold (coins or what ever) when the time comes how are you going to spend it?? I know the price of everything will go through the roof. 1 oz of gold for a gallon of fuel, bread, seeds, etc @ say 2K oz value??

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    Replies
    1. StephenApril 28, 2012 at 9:47 AM

      Rob, much of the gold bullion I purchased prior to the wild price increases have tripled in value...google Germany's history during the 1920's. Gold is the universal money. Our government issued and at times, continues to issue British Sovereigns to our special forces for certain exercises.

      Delete
  5. johnnybApril 28, 2012 at 9:12 AM

    Sounds like a deal to me. Win-win for you!

    ReplyDelete

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