“Tell that to the people that bought gold in 1980 :)”
What I really meant is – gold coins don’t depreciate simply because you bought them. If you buy a Gucci handbag, or a Rolex watch, or even a diamond necklace, can you sell it back to the same dealer who sold it to you, without significant loss? No you can’t. Even a car will depreciate 10% the moment you drive it off the lot.
If you buy gold bullion coins online at kitco.com or onlygold.com, you can turn around and sell them back and only lose 5% of the price.
