So, your loud-mouth brother-in-law says gold is a bubble, and that what you should buy now is a no-load mutual fund of the S&P 500.
The S&P 500 is lower today than it was in March 2000, and the dollar purchases 30% less. But that doesn’t convince him.
Gold was at $270 in 2000. He says it’s a bubble. But he bought and held the S&P 500, and bought no gold, in 2000. Or 2001. Or 2005. Or last year.
The talking head touts on Tout TV did the same.
Don’t recommend this video to him. He will not believe it. But it will help you to understand that you made the right decision when you bought gold. (I assume you did.)
Turn down the speakers. Why the guy who produced a serious video then added the rocker sound track is a mystery to me.
I recommend a different coin company: Camino Coins in Burlingame, California. But wherever you buy your tenth-ounce American eagle gold coins, shop for pricing on the Web. The companies that advertise on TV may be overcharging you. Find out.
