Scrapping gold?.... shop around

[KnightofNi]

my g/f recently decided to sell some of her jewelry. it wasnt' a lot, but we got offers from $90 to $200 for mixed 925 silver and 10-24K gold.

also, the only stones anyone would pay for were diamonds. screw the tanzanite and rubies, the guy we eventually sold it to put thema ll in a bag and gave them back. i guess maybe if they were uncut it would have been better, and i didn't really expect anything from them but i didn't think they would be so dismissive of them all.

[mstevens]

Of course gold has no intrinsic value. Nothing has intrinsic value (monetarily speaking), only subjective value. However, precious metals have thousands of years of subjective value to support a claim of continued usefulness.

Gold will increase in value, but only in nominal terms. The real buying power of gold isn't likely to increase or decrease much.The yearly gold output isn't high enough to "inflate" it in the sense of a currency.

However, history suggests that the dollar will continue to fall in value, as all fiat currencies in history have done. So while gold isn't intrinsically valuable (a "store of value") it is traditionally a "valuable thing to store," and therefore a safer long-term bet than currency.

Agreed. If one could use money now, there's no point holding onto gold since its purchasing power in the future isn't particularly likely to rise.

[Triple J]

Precious metal prices are historically volatile. Personally I wouldn't invest in gold now, as the price is too high. Gold is a good investment, when purchased at a low price. I expect the price to crash...not sure when...but it always does. When it gets back down to $300-$400/ounce then I'd consider buying.

I'm not an economist or anything, just an engineer who has been involved in gold mining (Nevada)...and has witnessed the high variability of gold prices leading to mine closures/openings and mine/consulting staff hiring/layoff cycles.

Gold prices in the last 30 years:

[ZLTFUL]

DAMNIT! I knew I should have bought gold before I was born.

[triangleforge]

doomers....

Buy ammo if'n you're scared.

Or invest in lead & a bullet mold if you're really scared...

[KnightofNi]

Or invest in lead & a bullet mold if you're really scared...

you could buy land in a desolate place and set up your own sustainable castle.

then dig a huge moat

the zombies arent' getting you there.