Originally Posted by jerryb

Years ago I bought my brother 100 British Gold Sovereigns (.2354 troy oz of gold each). He paid around $8 each for the coins and when Gold jumped up where he could get $11 each for them he said .... SELL SELL SELL. He made about $300 in around 3 months. I told him to keep them for his Grandchildren. He wouldn't listen to me.

Today the melt value is around $329.50 per coin. I remind him of that on a regular basis. His $800 investment back then would be worth about $32,950.00 today. Sad story but true and sad.