Okay. So I’m still trying to understand this buying gold. Found some places. Next question:
Say I bought gold today for whatever it’s going for, $950, $1,000. I hold on to my gold coins. Next year gold is selling for 1,500. How do I cash it in? Can you just go anywhere to sell it? Can they just say they don’t want to buy it b/c they don’t have the money to buy it?
Anyone cashed in their gold? How does it work? Do you sell it on Ebay? I mean, I know how to buy and sell real estate and stocks, but this gold thing is new to me.
Say I bought gold years ago for 400-500 bucks. Can I go just any store that sells gold and sell them my gold for 900 bucks?
I know you guys have said dollar is getting worthless, but in the end, it’s liquid. Not like real estate where you have to find a willing buyer. Stocks you can offload for whatever the price is.
So what’s the deal w/gold? Do you have to hunt for a willing buyer?
You should be able to sell gold fairly easily to a local coin dealer. Keep in mind there is usually a large spread. For example, if you just paid $950 for an oz of gold and sell it back immediately, you will probably only get about $900 back.
You should be able to sell gold fairly easily to a local coin dealer. Keep in mind there is usually a large spread. For example, if you just paid $950 for an oz of gold and sell it back immediately, you will probably only get about $900 back.
You should be able to sell gold fairly easily to a local coin dealer. Keep in mind there is usually a large spread. For example, if you just paid $950 for an oz of gold and sell it back immediately, you will probably only get about $900 back.
You should be able to sell gold fairly easily to a local coin dealer. Keep in mind there is usually a large spread. For example, if you just paid $950 for an oz of gold and sell it back immediately, you will probably only get about $900 back.
You should be able to sell gold fairly easily to a local coin dealer. Keep in mind there is usually a large spread. For example, if you just paid $950 for an oz of gold and sell it back immediately, you will probably only get about $900 back.
Thanks. I was just wondering. I mean, what if the economy gets so bad and the dollar is worthless. Who would pay so much for gold? That’s what I was thinking. Where does one go to sell it and what would dictate how much they’d pay for it.
Thanks. I was just wondering. I mean, what if the economy gets so bad and the dollar is worthless. Who would pay so much for gold? That’s what I was thinking. Where does one go to sell it and what would dictate how much they’d pay for it.
Thanks. I was just wondering. I mean, what if the economy gets so bad and the dollar is worthless. Who would pay so much for gold? That’s what I was thinking. Where does one go to sell it and what would dictate how much they’d pay for it.
Thanks. I was just wondering. I mean, what if the economy gets so bad and the dollar is worthless. Who would pay so much for gold? That’s what I was thinking. Where does one go to sell it and what would dictate how much they’d pay for it.
Thanks. I was just wondering. I mean, what if the economy gets so bad and the dollar is worthless. Who would pay so much for gold? That’s what I was thinking. Where does one go to sell it and what would dictate how much they’d pay for it.
You could always mail it in to those “cash for old jewlrey” places. They buy gold.
In all reality there will always be a market for gold, unless we go mad max, and you will always be able to find someone to buy it for paper currency. Call a few local coin shops and ask what their spread is and how long it would take.
You could always mail it in to those “cash for old jewlrey” places. They buy gold.
In all reality there will always be a market for gold, unless we go mad max, and you will always be able to find someone to buy it for paper currency. Call a few local coin shops and ask what their spread is and how long it would take.
You could always mail it in to those “cash for old jewlrey” places. They buy gold.
In all reality there will always be a market for gold, unless we go mad max, and you will always be able to find someone to buy it for paper currency. Call a few local coin shops and ask what their spread is and how long it would take.
You could always mail it in to those “cash for old jewlrey” places. They buy gold.
In all reality there will always be a market for gold, unless we go mad max, and you will always be able to find someone to buy it for paper currency. Call a few local coin shops and ask what their spread is and how long it would take.
