Gold and aging babyboomers should be words that are comfortable used together. They are not. Babyboomers have traditionally looked to companies retirement plans, 401K and 457’s and such but not gold.
Now, with the increase in the price of gold and silver, aging babyboomers are trying to familiarize themselves with the different avenues presented to them. The use of coin speculation is one of those avenues and that is what we will look at today.
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High MS Coins for Speculation – The Wrong Road for the Wrong Reasons
One of the two biggest scam techniques in the coin industry is the recommendation by unscrupulous coin shops for people to buy high mint state (MS) numismatic (having collector or antique value) coins for investment purposes. They tell you (more…)
Gold, Gold And Aging Baby Boomers is taken out of an article called ‘Gold, and How to Avoid the Scams in the Coin Industry’ By Kal Gronvall.
Aging baby boomers have been turning a year older at the fantastic rate of 10,000 a day. They are looking for investment opportunities in these hard economic times. Consequently, there are plenty of opportunistic people ready to take advantage of those who are simply looking to survive.
I have been very slow in posting the remaining sections but will attempt to continue on with all due diligence, so, here we go.
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The Gold Rush of 1980 and Central Bank Strategy
As a little history about gold in America, we were on the gold standard from 1850 to 1933, and gold coins were legal tender in our country during that period of time. In 1933, Roosevelt confiscated gold. (more…)
