Going To Buy Gold Coins!

again, givin my situation, I understand what he is trying to do. he is helping my wife and I get the better investment, to get as much gold for our dollar. he told me that the date gold, a 1907 saint, which had a $3-400 premium would not be a better investment for us at this time, as we are getting our feet wet. understandable, and I understand that if the economy tanked, a date gold would be just as much as the amount of gold in the coin. I have a hard time getting my mind around buying a gold bar, for one, if never done it, and 2, I like coins so much its just plain hard...

however, everything I am reading is telling me that gold could go up past 2k in the next 2 years, but others say we are at a peaking point, so now is not the best time to buy. even silver sounds good right now too, my in-laws bought a few K of maple silver rounds $5 back in the 90's when silver was $5/oz. not bad.

i can definitely see silver going up more and more. I just do not know if buying gold right NOW, is the smartest thing to do...

i just dont get it..


i feel like I'm taking crazy pills!

i cannot understand why my dealer would discourage me from buying date gold. I know that my wife and this dealer want the most gold for our $$. but I keep reading that date gold, old coins, do better in the long run. I KNOW that buying date gold is not getting the most gold for your dollar. I KNOW. I realize that they carry a BIG premium. sometimes 500%. I've done research for the past 2 weeks on what kind of gold to buy. and that all goes down the drain when we talk to the coin dealer. WHY? why should I trust him? he has givne be loads of helpful info, hes wise, he's been there before. I KNOW. he keeps telling me " you buy the saint, youll be grabbing your ankles wishing you didnt." WHY? your kdding me. why would I buy a bar or bullion coin that is solely based on 1 market, the gold market. and I buy the bars,bullion coins, I am limiting myself to the volitility of the market. I understand that buying a date gold coin is also risky in that it rises and falls with the gold market as well, but it also has the rarity and trades with the numismatic value as well. I feel like I'm the only one that gets this!

im so frustrated because I really wanted to buy date gold. WHY? because I think its a good investment. because I read that it does better in the long run. but who the $^#%^ knows anymore what the market will do. screw this.

i cant make up my mind. I feel like I cant make a decision. I dont want to buy a bar or bullion coins because I think they are more volatile, and my dealer disagrees. huh. hes trying to protect my wife and I from making a bad discision? hes trying to help? I dont feel like he is.

please someone back me up on this or tell me that I am wrong. someone please plead the case that date gold is NOT smart and I will beleive you. but searching the net on what to invest in, what kind of gold coins are safer or better investments, why are people telling me to get date gold and my dealer isn't?

i know. I just need someone to give me unbiased pros and cons to buying date gold

KK, just making sure/

ok, well I am going to take a slightly different direction in this post: SILVER

i wanted to diversify the investment. I was thinking about going with american silver eagles. this dealer also told us that going with silver would be a good spread as well. he then showed us these crappy looking silver rounds. you know, all sorts of junk looking .999 troy oz rounds. he said he would get them to us for around $18, which is a few over spot, not bad I thought, but then I got to thinking about the american eagles. wow beautiful. I have a 91 when I was a kid and I put it in my 7070. so I want to be prepared because I have not asked him yet about investing in the eagles. I am figuring that he will tell me NO and go with just the junk rounds, more silver for my buck. I dont want to do that. I want to get those eagles. I know there is probably more like +$4 premium on them, but they hold their value nicely I would think. so I am asking you guys to give me some verbal ammo just in case he tries to discourage me from those. THANKS

UPDATE

we finally came to an agreement to spend $1500

finaly tally is 1 Krugerrand $1175

and 17 oz of silver to round out the $1500
got a 10oz bar, a few 1oz bars, and the rest are various rounds.

next update will be in 50 years or so

WD1040, That's a good point about Pd and Pt and that's why I have been picking up the pamp 1oz bars. Based on historical averages - Pt should be 2X the price of Au and Pd should be 50% of Pt. Wait there's more - there is a massive supply / demand fundamental shift taking place along with extracting costs going up and ore reserves going down, which will play out over the next 3 to 5 years. Also the Russians are supposed to have gotten rid of their excess Pd inventory, which now is in the hands of the US and Swiss banks. Then there is the uncertainty of South Africa (power outages) and you have a ready made volatile mix.

Why not we start a topic about Pd & Pt some place on this board. I am not sure where it would reside. I spent over 4 months researching this topic. Thanks

Others pardon me for ranting about Pd and Pt.

Peace

I never really thought the premium on the Saints and $10 Indians were all that bad considering the supply is limited. The problem with bullion is that even though you get "slightly" more gold for your dollar; bullion will continue to be minted and never be looked at as anything more than metal content. With a Saint or an Indian, the supply is limited and that will never change.

BUT, it is ultimately your decision, and I'm sure your wife had some influence and it is more important to keep her happy(I know from experience).....