Does anyone here invest in Gold Coins.
 

I was thinking about turning some cash I have sitting around to Gold Coins.......... Last January gold was $270 an oz. Now 1 year later its $370.
Think it will continue to rise?
Is this a wise investment?

I thought you said gold CHAINS...like Mr. T which is a great investment.

Don't invest in plain gold coins. Buy "rare" gold coins. Especially the rare Saint-Gaudens Standing Liberty $20.00 gold pieces. Try to find some with a high relief and that have been graded by the ANA, with at least MS62 or better. If they haven't been graded by ANA, then make sure you have them graded. You will not only have the bullion value, but, also the collectability to consider in it's overall value.

:Graucho

I don't invest more than before

Each year I buy the 100$ and 200$ from the Canadian Mint

My dad started the collection and I think the first gold coin goes back to 1960

I got a white gold with diamond solitaire necklace I could sell if someone was interested.

I have a pearl necklace in exchange :Graucho

don't fuck with gold if you don't know what you're doing. If you must buy gold, buy the Canadian gold coins...they're the best..

Buy loose diamonds...they always appreciate and they're more portable...

gold's a good investment, right now i'd lay off on it.. its fluttering right now at a high price.. summer it was around $300 - 310, it slowly creeped up to 390 last week.. a good webpage you could check out for market prices is www.kitco.com , good luck!

loose diamonds arent always a good investment, unless you know what you're buying.. STAY AWAY FROM MALL MERHCANDISE, its all shit SI quality.. if you're looking into diamonds pick up a book by Fred Cueller called "How To Buy A Diamond" i think he's up to volume 4. he teaches alot of good material and some jewelry industry secrets..

The U.S. also minted their first Platinum bullion coin a few years back. Might be worth looking into.

I sent few gold coins out to some of the people I work with for x-mas, does that count?

platinum isn't as good an investment as gold though .. cannot tell you exactly why .. but it seems the value of gold coins go up way more (in %) than that of platinum coins

Yea but you ate the chocolate out of them...

I invest in the ones with chocolates on the inside. Who wants to ride the private jet?

Buy a platinum chain and call it a day.

BLING, BLING...


Afrekete

The nice thing about gold is no matter what, it will always have value.

Wasn't gold over $600 in the early 80s and at least $400 in the mid 90s. Gold is volatile, I'd stick to something a little less emotional . . .

I think we're going to test support of $370 for a while or at least until the next Iraq meeting where Blix reports. There's the Iraq issue and the Korean issue at stake here. If you're going to speculate on gold then I might suggest looking at gold stocks instead of holding bullion. If you do choose to hold bullion then you may wish to consider ebay. Dealers will hit you up for a percentage over spot and you might be able to get bullion at spot on ebay. If you're going to buy bullion I'd recommend Krugerrands. You get the same ounce of gold that you'd get in an American eagle or Canadian Maple without the higher premiums. Gold is gold. An ounce of gold is an ounce of gold.

With that said, Good luck and remember one thing....Gold has been used as a currency for thousands of years whereas every fiat (money) system has crumbled after a period of time. It's recommended to have at least 5% of your assets in precious metals (silver, gold and platinum).

Good resources
===========
http://www.Kitco.com
http://www.gold-eagle.com


Regards,

Penn E. Less

damn chesire you flossing it out like a true player

Thanks to all..............So are Krugerands more exp?
I was considering buying 10oz bars...........

More input is appreciated.

anyone considering buying bullion/coins should also check out public company stocks of gold companies (who presently aren't hedging their production) as maybe a more diversified alternative since you are still riding the gold price cycle but are also buying into the enterprise/opportunity play going forward of a company. If you look at the juniors (small cap gold stocks) on the TSX exchange for instance - you will find a few hundred that may be of interest. Here is a good place to start w/ your research:

http://www.smallcapcenter.com/tools_...xt2=&GO=Search

THere are a lso lots of "gold" mutual funds you can get into that leave all the heavy decsions in the hands of experts of course.

Yikes, dont touch gold. Its not getting much higher and will start going down soon

people said that about the Nasdaq in 1997 ..

I was at a meeting yesterday where one of the guys own a commodities software company specializing in precious metals.

I was asking him about gold because a friend of mine is pouring a ton of money into gold right now.

He said they are expecting a 25% dip (correction) when the war starts and then a bounce back with a ceiling no higher than $425.00

This guy is Israeli and sharp as fuck, and does all software for the industry so he is in tune, so he's probably on target with those predictions.

the war coming up?
or the war on "terrorism"

Don't buy 10 ounce bars. Stick to 1 ounce bars. Easier to sell and doesn't require an assay of the gold if you wish to convert it into cash at a later date. One ouce Krugerrands, Eagles, Maples, etc. don't need to be assayed for their purity.

Krugerrands carry a smaller premium over Eagles, Maple Leafs, etc. so the price is cheaper. More importantly, they all contain one ounce of gold. The real bullion players pay the least amount of money for the most amount of gold. Don't get involved with numismatic coins, stick with bullion. Although a numismatic coin is gold and a bullion is gold, they are in two entirely different coin games.

Let me know if I can be of further assitance to you.




Penn E. Less

Numismatics is a great market if you know what you are doing, and what you are looking for. Bullion is just easier to follow.
:thumbsup

I have very nice old coins for sale sitting around! Contact me if u wan em!

You are correct about numismatics but we all have to remember that you need to be SEASONED in that game before getting involved. I recall buying my first Charlotte gold coin from a respectable dealer for about $13,000.00 USD. It was an early date mid 1800 graded AU-58 by NGC coin with gorgeous luster and a brilliant greenish gold color. I later discovered the "premium" I paid for this coin and almost shit my pants. I later discovered that you have to hold a numismatic for at least seven years before expecting to see a return on your investment. I was able to sell it back to the dealer at my cost although he didn't appreciate it but did it out of respect to me.

I decided to venture back into numismatics when I became a bit more SEASONED in that game.

BE CAREFUL with numismatics. By the way, did you know the Germans flooded the market with counterfeit St. Gaudens many years ago? Yes, they are real gold but St. Gaudens sell at a much higher price pound for pound than bullion so you can understand the motivation for counterfeits.

In a nutshell, avoid numismatics out the gate but study that market before sinking one shiny penny into a numismatic.

Good luck!




Regards,

Penn E. Less

I only deal with A.N.A., P.C.G.S. and N.G.C. in order of preference respectively, certified U.S. mint coins.

A.N.A. is of course, the best grading system to go with, but, using grading systems simply avoids the "counterfeit" issues all together, and insures that the coin you get is of the highest quality grade.

I normally only purchase coins in MS61 or better, as long as the price isn't exorbitantly high, however I will settle for a VF coin, if it is a rare find.

Other than that, unless you are collecting some very old Spanish bullion or more exotic coins, there really isn't much worth collecting except for simple sentimental value.
:glugglug

My financial advisors say the best gold investment in times like these has to be to buy as much Colombian Gold as you can.

One thing you know for sure is when the market turns around in a few years the cokeheads will party and pay triple the current street prices!!!



If you need any advice I will introduce you to my financial team

http://www.fast-rewind.com/tradingplaces1.jpg

Do it Wouncie! We have been for years....Great investment! As soon as war comes along, your investment in gold skyrockets. As has ours....:thumbsup

Whats your ICQ? I want to talk to you more?

So the question of all Questions......................
Do I dump money into the Gold Krugerands NOW (before this Iraq issue) or wait till it takes its next dip?

I would wait... It jumped up recently, there is no telling what the +/- will be, just watch it for a min first.

One thing an old man told me is in times of war you should always have your money LIQUID. Same goes for poor economic times. So I would not take a chance on blowing any cheese during war times unless I KNEW what I was doing.


The Dawg

Those two cats made me a fortune. Haha...


The Dawg

I like them. They hold their value. Esp old and rare ones.

http://www.rustedpuffin.com/gold.jpg

Labret, I will trade you two of them for 1 of these ...
http://asswatcher.com/grafx/bullshit/grill.gif