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djscrib · 01-13-2006, 01:36 AM

So the other day for no reason (maybe from hearing how Gold hit a new 16 year high the other day) I decided to research physically purchasing gold/silver/platinum online.

Turned out to be fairly interesting since the price moves daily, and generally does not move in lockstep with the stock market. So originally I thought of it as a nice portfolio hedge. (also good against a weak dollar).

Next I figured out, that basically if you buy gold ($570ish an ounce) you could simply stick a coin in your safe deposit box and it will obviously appreciate with the market, and the IRS, wife, loan-shark and whomever is none the wiser. A platinum coin is worth $1200 ish and you could put a million dollars with in a shoe-box. For some on these boards that quality in an investment might be desirable.

Lastly, I physically went to a coin shop today and purchased some silver coins (US Double Eagle 1oz. Silver dollars) for the first time. (Not enough cash to buy gold and turns out they don't take credit cards). The interesting thing there is that 1oz gold eagles for example at this particular shop sell for $25 over what the daily price is for 1oz. of gold. The shop will buy the same coin back for $5 over the daily price. What this means is that the coins are incredibly liquid and the value is determined by the market (not by how well you can haggle).

Anyhow, just thought it was interesting and that some of you might think so as well.

01-13-2006, 01:36 AM
djscrib Confirmed User Join Date: Mar 2004 Posts: 147	Anyone ever buy gold or silver? So the other day for no reason (maybe from hearing how Gold hit a new 16 year high the other day) I decided to research physically purchasing gold/silver/platinum online. Turned out to be fairly interesting since the price moves daily, and generally does not move in lockstep with the stock market. So originally I thought of it as a nice portfolio hedge. (also good against a weak dollar). Next I figured out, that basically if you buy gold ($570ish an ounce) you could simply stick a coin in your safe deposit box and it will obviously appreciate with the market, and the IRS, wife, loan-shark and whomever is none the wiser. A platinum coin is worth $1200 ish and you could put a million dollars with in a shoe-box. For some on these boards that quality in an investment might be desirable. Lastly, I physically went to a coin shop today and purchased some silver coins (US Double Eagle 1oz. Silver dollars) for the first time. (Not enough cash to buy gold and turns out they don't take credit cards). The interesting thing there is that 1oz gold eagles for example at this particular shop sell for $25 over what the daily price is for 1oz. of gold. The shop will buy the same coin back for $5 over the daily price. What this means is that the coins are incredibly liquid and the value is determined by the market (not by how well you can haggle). Anyhow, just thought it was interesting and that some of you might think so as well. __________________ Vidlock DRM Service - Add DRM to your website today http://www.vidlock.com Coming Soon - Vidpass