Personally, I have a little affection in my heart for the 1907 Saint-Gaudens Double Eagle With Motto rare gold coin. I like it in MS 64. It is a beautiful rare gold coin. I like that the citizenry of the United States mobilized, lobbied, and demanded that “In God We Trust” be placed into the coins artwork. I like the story and the history and the nostalgia. Perhaps that is also why I like 1958 Corvette convertibles, but that is a different blog altogether. This blog will deal with that little pesky phrase you see from time to time; “Past performance is no guarantee of future profits.”
The Past Is The Past, But The Future Is Being Created Today – The Best Way To Invest In Gold
Listening to a professional speak about how to invest in rare gold coins can be interesting, but listening to a professional talk about why to invest in rare gold coins can be downright scary. And the things that come out of their mouths, well, I doubt you will hear these truths from a stock broker or invest adviser, at least not until it is too late. As I noted in part one of this article blog, President Theodore Roosevelt had a very significant role in developing the 1907 Saint-Gaudens Double Eagle one ounce gold coin, and when he did, the coin said “Twenty Dollars” for a reason: it was worth twenty dollars. At the time, the U.S. Government controlled the price of gold, and twenty dollars was a tidy sum of money. Today, twenty dollars wont buy but five or six gallons of gasoline, or perhaps two choice steaks at the grocery store, or maybe if your lucky two movie tickets and a bag of butter flavored popcorn. For twenty dollars these days you don’t even get real butter. These facts are today’s reality because the U.S. Currency has been debased, and it is debased further every day. Our current President has spent more money than all past U.S. Presidents combined. Wow. We had a huge market crash in 2008, and though we have tried to buy our way out of it, I along with many others, don’t think that happened. Those that do think that the stimulus plans and the trillions of dollars spent to prop up the economy have been successful, are usually trying to get you to throw your dollars on top of the other trillions so they can take their cut, once again. The value of a dollar is clearly subjective, and it changes. The value (not price, but value) of one ounce of gold stays relatively stable. The value of one ounce of gold in the form of a rare gold coin, however, is a horse of a different color, and that color has a historic golden glow to it. If you ever get the chance to see a 1907 Saint-Gaudens Double Eagle in Mint State 64, you will know exactly what I am talking about. If you would like to own your own 1907 Saint-Gaudens Double Eagle, call ITM Trading, we are here to be of service.