Question: Why would a person who is a non-dealer buy gold? | Gold ...

Q: Why would a person who is a non-dealer buy gold?

Usually the only people who can sell things for their full value is a dealer. So what benefit would the average person gain from investing in gold if they could never sell it for more than they paid? Thanks in advance.

Goldsenze Answer:

There could be a million reasons. My uncle buys gold because it never really deppreciates. He showed me a gold coin one time and said, ?Do you see this? When I bought this coin in the ?70s, it would pay for a nice, tailored suit. Thirty years later, it would still pay for a nice, tailored suit.? Because of inflation, gold keeps it?s value much better than currency.

Personally, I buy silver coins because they?re a tangible reminder that I?m building wealth. It?s easier for me to keep my eyes on the prize if I can actually ?see? and ?touch? something that represents the prize.

There could be a million reasons.

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