Strange question - Pennsylvania State Treasury selling off tons of gold...

I wouldn't think any state government would own lots of gold, but then again there's an amazing amount of stuff I don't know.

http://www.ebay.com/itm/281009203291?ssPageName=STRK:MEBIDX:IT&_trksid=p3984.m1431.l2649

It's only 18 items worth a few thousand in total.

I have seen a *LOT* of this come by on eBay

We haven't hit our luck in obtaining any of them (they are usually go for spot value)

but I don't think this is a good time to be investing in gold. Unless you are a Glenn Beck afficianado. It is at a high point (or close to it), isn't it? Take it from me, I bought silver back in the mid-70's and maybe one day I will recover the investment.

We don't keep them for the long term investment.

And gold did hit its peak two weeks ago, and has been tumbling since then - today was the first break in a long streak in awhile where the gold picked up about an additional $15 - that just means the cents goes up and down, depending on karats.

although that might work out, but if you look at the historical prices, it is still hugely expensive.

http://en.wikipedia.org/wiki/Gold_as_an_investment

It is one thing to buy gold, which actually was a good investment in most recent years. It is another to be conned into buying overpriced gold coins, which is what Beck and his comrades were hawking.

would have been great. But Glenn Beck started to sell the gold coins when gold had already hit $2000 an ounce. This is a mistake that is often made with any investments---buying really high and hoping it goes higher.

But I have to agree that not only was the timing for buying gold less than optimal at the time Beck started sell it, but he is a con man who was taking advantage of the idiots who listen to him.