Goldmine Intersection: What the Hell? Over

Saturday, March 29, 2008

What the Hell? Over

I was mentored in refining precious metals by an ol' timer. He started going mining with his grandfather when he was about 6 years old.........riding in a mule drawn wagon for two day to their hidden creek where they would stay for about 6 weeks or the flour gave out and return home with enough to pay the property taxes each year and have a little left over. Can you imagine how low taxes were in the 30's? Gold was regulated at $20 per ounce in those days.

One of the first things he told me was to beware of falling in love with anything Gold.
Silver to him was a byproduct to be dumped out. Bet he wishes he could call back a few buckets full now.

Of course I had to learn the hard way. Holding onto gold jewelry hoping someone will buy it keeps you from having money to buy more. Jewelry stores are learning to their dismay now that to try to own all the gold in their shop is going to keep them in the poor house. Ol' King Midas learned the hard way too that you can't eat gold. Selling it is the only way to keep your money working for you.

So can anyone tell me why I bought 27 MS 63 silver Dollars and 4 Gold coins in one day. Anybody out there still a coin collector?. I've got a bridge in Brooklyn I want to sell you.

3 comments:

Anonymous said...: Sometimes the gold and silver bug hits you.. What did you pay for the ms 63 coins and what year were they? Yes, more and more folks are starting to collect coins see the story at www.oldcoinnews.com; 8:56 PM
Anonymous said...: should have sold 2 weeks ago...... but what the hell , it is always worth "something" at least....
Jringo
controlledinsanity.com; 4:24 AM
Anonymous said...: ... mmmm.... GOLD!.... what'd you buy?...

Eric; 7:01 AM

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Treason

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