Another gold question

[jpinpb]

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?

[mrwrong]

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.

[mrwrong]

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.

[mrwrong]

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.

[mrwrong]

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.

[mrwrong]

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.

[jpinpb]

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.

[jpinpb]

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.

[jpinpb]

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.

[jpinpb]

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.

[jpinpb]

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.

[DWCAP]

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.

[DWCAP]

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.

[DWCAP]

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.

[DWCAP]

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.

[Author]

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