Your Gold Opinion......

My approach to gold is entirely pragmatic.
I collect coins, not bullion, so for me, gold is just another metal from which coins are made.

I have about 10 gold coins that would be more than 1,000 years old, and about another 20 that range in age all the way to modern coins.

The 'golden age' for gold coins I believe, was from about mid way through the 19th century, up until before World War 1, when they were in common circulation.

I have only one bullion coin in my collection of perhaps 4,000 coins, and that is a one ounce platinum koala.

The most important aspect of any coin, for me, is it's numismatic significance.

Personally, unless you can get fractionals at a premium close to 1 oz. coins I wouldn't buy them. I would save up for a 1 oz. coin. For me gold is for investment only, not collecting and a long term investment at that. I look at the time horizon on gold to be 20 years. The silver price jumps around a lot more and there are lots of great coins you can buy at good prices. Before you buy anything I would suggest you decide if you are buying it to collect or to invest in. That should help with your decision.

Sel...

Although golf balls vary a bit in size, for a standard US golf ball, we would have:

Volume of a golf ball = 40.7 cc.

Density of gold = 19.3 g/cc

Weight of golf ball made of gold = 40.7 cc x 19.3 g/cc = 785.5 grams = 23.5 ozt... almost $40k worth at $1700 per ozt. Not at all a bad prize!


Regulation size British golf balls are a little smaller, so might be in the area of 21-22 ozt. Still a heckuva nice prize.

That would be quite a marker, MK. Just be sure to pick it up!

A buddy of mine has a pre-1933 US gold quarter eagle coin in a nice bezel on a gold chain that he wears as a necklace. Very nice item. I would not mind having one of those myself. Hey, maybe I could get my wife interested in gold, IF she could wear it!

Speaking of wives... I tried to get my wife to buy some gold a few weeks ago. She has a good chunk of cash sitting in a savings account so it isn't as if she doesn't have the money. I presented several arguments that I thought were reasonable but she wasn't having any of it. Since then, every time we see the current gold price on CNBC or Bloomberg, I remind her that she COULD have bought some for about $100 an oz. less. That's when I get... The Look.

Pm's and my wife are in a disagreement. She knows the profit and has been after me to sell for the past year.

My oldest daughter has no interested though she spends money like she has a hole in her pocket.

My youngest daughter is ahead of me, she buys silver every time she gets money. She is in love with Pandas. If she wants to she has enough in silver to buy a car when she turns 16. Not bad for someone that have been buying a little each year since she was 10. Well she does sell things from the farm too.

This is often the case, unless you are lucky enough to have a gal like CCF's very own Angel.



I hear ya there, MK, got one just like that. My wife totally surprised me one day by apologizing to me for training our daughter to be a shopper and a spender instead of a saver. Shopping just seems to be part of the female DNA. I dunno... maybe that is one of their charms... or at least one of the reasons they need us guys?



Something tells me that this little gal will do real well in life. She knows REAL money when she sees it, that it is valuable stuff, and that it is how one saves for a better future. I don't see her spending her silver hoard on anything that is not also a great investment... like herself.

Lol, that's for darned sure!

I still think that I can out-flank her on this via presenting some gold in jewelry form. While she might not like gold coins or bars, most ladies can't resist wearing some gold. Who knows... maybe this will get her into gold, one way or another.