10/07/2010

GOLD

Thinking of gold? Stop right now. A detailed explanation of the ripoffs advertised on right wing radio talk shows (Laura Ingraham, Glenn Beck, Mike Huckabee a few examples) is here, and they are ripoffs pure and simple. I had an office in the same building as Goldline and regarded the entire operation a criminal enterprise. Keep in mind that gold coins represent bullion price (intrinsic value of gold) PLUS opinion and this opinion can be as much as several million dollars or so over the bullion price. Best to buy gold bars from the right places and stay away from coins.

(The 1933 St. Gaudens double eagle gold coin sold for $7.5 million dollars back in 1933)