December 21, 2023
Volume 53 - No. 51
Gold! Silver!
How to buy . . . How to sell by lyle e davis Many of our readers are interested in increasing their wealth, protecting their wealth they have . . . and feeling financially sound. But where to begin? Should you invest in gold? Silver? Platinum? Collectible coins? We have consulted with the best minds in the business and offer the following primer to
help guide you in making the right decisions. In North County we know and have been doing business for years with several businesses that specialize in the buying and selling of gold and other precious metals as well as buying, selling, grading, trading in coins. We deal with Jim Ellis and his sister, Tonya, owners of Escondido Coin, with Mack Hembree, owner of Gems N Loans, who has three locations in North County, Escondido, Vista, and Oceanside, Paul Smith, the new owner at Kings Pawn on East
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Valley Parkway, Escondido. We consulted them on many aspects of this week’s cover story. The value of gold has continued to grow since 1939. In 1959 it had only grown to $35.40 . . . but then in 1969 it jumped to a then-whopping price of $563! Ten years later, in 1979 it dropped to $404.60, then in 1989 it dropped to $287.80, but began to climb again ten years later. In 1999 gold had jumped to $1096 an ounce, in 2020 to $1499, and, as of this writing, to $2017.60! Increase in wealth from investing
in precious metals often does not come overnight. It is most often an investment to buy and hold and liquidate judiciously. Jim Ellis, Vice President of Escondido Coin, 760-745-1697 recommends 5 to 10% of your investment portfolio be represented by precious metals and most of that investment in gold bullion. Jim and his sister, Tonya, the store manager, have owned and operated Escondido Coin for over 33 years. Their now retired dad, Ray, is still President of the company but has trained them well. They
Gold
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