I am still amazed at the foolish mindsets of people who are still operating on GREED even after going through the DOT COM scam, CORPORATE SCAM, FINANCIAL SCAM, HOME MORTGAGE/COMMERCIAL REAL ESTATE SCAM etc etc...Now the GOLD SCAM is being pushed. No you are NOT going to make a profit off of buying gold. Gold is a stable currency that holds its value. The cost of gold has NOT gone up rather the purchasing power of the US dollar has fallen drastically giving the appearance that gold is rising, because it now takes more american dollars to buy the same amount of gold.
GOLD is used as a store house of wealth in the time between fiat money's rise, falls and collapses. During money's low periods or collapsed periods your gold will hold its wealth until a new currency is brought into play or the economy improves. As it stands people are being led to believe that gold is rising in price/value and therefore they should stock up, wait for the price to climb higher and then sell. Is this not the same mentality, technique pushed during the real estate scam that caused so many to be wiped out or stuck with property that is now worth one half, one quarter and in some cases less than that in value??? BUYER BEWARE it is said. Make sure you UNDERSTAND what you are doing and getting into, so that you are not left holding "THE BAG" afterward with yourgold purchased at 1000 to 1500 dollars per ounce which later is worth 300 to 500 dollars per ounce.