All day as I bang away on my computer I keep 2 news stations running on alternately depending on fool commercials and 20-30 and more x a day I keep hearing the constant drone of "buy gold as a hedge" and some months ago I did so. Bought 5 gold coins to stave off cash crises in my bank account and yet today I've learned a harsh lesson = a few weeks ago I went with a few coins in person to a reputable gold coin dealer here in my home town and very surprised when they offered to buy for about 200 bucks LESS than what I paid for them. I didn't buy the coins to lose money so nope. Now today I called the firm who sold them to me and they sent me a quote to buy them back for about 200 bucks LESS than what I paid so the lesson here is upon buying gold it is therefore a cash loss of about 25% less real value than the green dollars it took to buy them. I have now told myself that life lessons can be harsh so STFU and take my own lashing.