Taylor: Simple math proves you should just say no to precious metals — even during war and inflation
Robert Brigandi, vice president of Brigandi Coin Co., holds American Eagle Gold Bullion Coins at Brigandi Coin Co. in New York in this 2004 file photo. The coins, shown here in 1 oz., 1/2 oz., 1/4 oz., and 1/10 oz. sizes, are some of the world's leading gold bullion investment coins.The financial infotainment industrial complex is gearing up to reach into your wallet. It wants you to purchase precious metals as if they are investments: gold, silver, platinum or even more exotics.
Does all this news add up to a case for owning commodities like precious metals in your investment portfolio? So he found a coin dealer willing to take them off his hands. He managed to clear $23,640 in proceeds from the sale. That’s the good news.Taylor: Coin collecting a fine hobby, but not a good investment
A Houston firm didn’t want to deal with the platinum coins. Same with the rare coin dealer he contacted in Bastrop. He praised U.S. Coins and Jewelry in Houston for finally taking the coins off his hands. Even taking advantage of ideal selling conditions, Bower still realized only an annual 4.5 percent return on investment on the Australian coins since 1994. And he realized a 7.25 percent annual return on the gold coins since 1997.
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