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And that was still a bad price even whenever it was that ad must have been printed.... price has been nowhere near that in months. The $27 yesterday was a good deal but I see it has jumped up today quite a bit.
It's just like those 1 ounce gold coins they sell on TV that are 'clad in pure 24K gold'. I always wonder how many people fall for that.
Now, where's my silver Spongebob ingot?
Clad - what a great word. Better even than 'gold filled'
I always wonder how thick(or maybe thin is a better word) that gold is. .001 maybe?
Modern technology lets you layer on the gold "clad" as much as several microns thick. Not just one micron, but several!
Buy now.
I bought my first silver from one of those deals out of either ASG or Guns and Ammo. I think I paid $7 each for up to 5 SIlver Eagles. Of course at the time silver was probably about $3 an ounce.
One ad advertises ".14 milligrams of 24K gold" and cautions that the price cannot be assured for long. .14mg is about 1/230th of an troy ounce.
Even worse is the ad for a coin plated in ".24 gold" (later mentioned at 24%)
In general, any place advertising "quantity one" rather than "investment quantity" precious metals is not a place to buy for value.
Yeah, I got a chuckle out of that. I did the math, and on at particular day, there was about 72 cents worth of gold in the coin. I'm not sure I believe it's even that high.
And gold plated cables are utterly 100% pointless when doing everything digital. Either the ones and zeros have enough strength in the signal to get over the noise level and acknowledged, or you have a useless cable.
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Semi related article: Completely Worthless Collectibles
Note: guns and ammo is not on the list
http://www.thestreet.com/story/10863800/4/5-completely-worthless-collectibles.html
Good point. While I don't have a problem with $10 HDMI cables having gold plating, the only value I've seen in gold plating is that after several years cheap cable connectors may oxidize, which can lead to lower quality or crackling(in non-digital applications). Although, all you really have to do to fix it is turn the connector back and forth a couple times. Most people probably have no idea what I'm talking about because they throw their stuff away before it oxidizes.And gold plated cables are utterly 100% pointless when doing everything digital. Either the ones and zeros have enough strength in the signal to get over the noise level and acknowledged, or you have a useless cable.