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1. csw2119
   Member Profile

   

   Just wondering what people are doing and what your predictions are.

   Posted 8 months ago #         

2. Weezie
   Member Profile

   I sold several things (small pieces of gold jewelry) a couple of weeks ago at West Seattle Coins. I was shocked at how much I got. Very impressed with how I was treated, too. Will be going back with more!

   Posted 8 months ago #         

3. csw2119
   Member Profile

   

   I like West Seattle Coins too. They offered my a nice price for my gold jewelry, but I decided to not sale. I think gold will go higher.

   Is anyone buying?

   Posted 8 months ago #         

4. chrisma
   Member Profile

   

   Correct me if I'm wrong, but isn't the idea supposed to be to buy gold so that you're not holding your wealth in currency which could experience a serious loss of value rather quickly?

   Sure it's nice that gold is worth so much now, but isn't selling it for US dollars kind of missing the point? I guess if you're going to spend it right now, maybe not.

   Posted 8 months ago #         

5. Bostonman
   Member Profile

   I am not buying it but if the US economy collapses there will be bigger things to worry about than how much gold you have. You would be talking about the systemic collapse of Asia, Europe and Russian economies in addition to our own.

   Posted 8 months ago #         

6. chrisma
   Member Profile

   

   Too Big To Fail, indeed.

   Posted 8 months ago #         

7. velo_nut
   Member Profile

   

   Selling it like a mad man and making a killing.

   Posted 8 months ago #         

8. JayDee
   Member Profile

   Aside from being portable in small amounts, gold has no other purpose other than a hedge bet. Like the stock market, buy low, sell high...hmmm when would the high be...? But it isn't very fungible (try selling a car for gold, or vice versa), and the value is determined by fear. I'd sell now if I had gold while the medium of exchange ($) has value and can buy real things (food, goods, services) you may need. If gold hits $4K an ounce we will be in very interesting times. If that happens, prepare to barter.

   Posted 8 months ago #         

9. jamminj
   Member Profile

   so other than selling gold as a commodity like any other hedge bet... is there this idea that the only currency will be gold/silver...like to buy groceries even? If there is this catastrophic global economic meltdown, what are people going to do with their gold.. buy milk and bread with it? is that the premonition?

   Posted 8 months ago #         

10. JoB
    Member Profile

    the only gold i own comes as pieces with sentimental value...

    i guess i could sell my wedding ring and the gold earrings hubby has given me over the years...

    but it seems such a waste.

    Posted 8 months ago #         

11. bsmomma
    Member Profile

    

    Sold most of mine to WS Coins. :) Kept a little just in case. It was sitting in the jewelery box for 8+ years. I'm a silver kind of gal. :) The guys at WS Coin shop were awesome and were so sweet to my daughter! She walked out with a giant dime....made her day!

    Posted 8 months ago #         

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