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 Replies: 61 / Views: 8,818 |
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Pillar of the Community
Canada
3692 Posts |
IMHO, one ounce is not much of an investment and neither are coins; bars are the best. Gold is more about transferring or converting savings into something tangible, not about "gaining". Gold IS money. It's about the same as putting that money in the bank only you can get to it if the bank is closed or you're out of the country. Get a .999+ coin that is the most recognizable coin with the lowest possible premium.
sandwich: silver versus gold: if $20 is a big deal for you just say goodbye to the precious metals game, your blood will boil too fast on a daily basis. If you look at metals in terms of dollars you're nothing but a gambler, just from experience what I've seen in the gold industry.
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Valued Member
United States
110 Posts |
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If you look at metals in terms of dollars you're nothing but a gambler Exactly! You have to view it as money. Look at what silver bought you in say 1964 cost about two dimes. A gallon of gas today still costs about two dimes, if those dimes are silver dimes. |
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New Member
 United States
44 Posts |
I want to thank you guys for the feedback. I love the look of gold coins, the feel too, so basically I would like a coin that I can keep for a long period of time and also hope it gains some value. Either way, I think gold bars are boring, as looking at a Pamp Suisse bar in its wrapper is dull. I am not interested in numismatic coins at all, just gold bullion, but obviously a gain of value would be nice too.
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Pillar of the Community
United States
3789 Posts |
then go with either a Somalian gold elephant or a China panda. Two of the better gold 1 oz coins that carry a semi-numismatic value AND are still considered bullion. That combo should help you in an investment sense.
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Pillar of the Community
Canada
3049 Posts |
yes... if you're just wanting a nice fancy piece of bullion... go to a few different sites... find one you like and pull the trigger... you may pay a bit more for some other round... but if you're hanging onto it for the long haul who cares... it will retain it's value...
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New Member
United States
44 Posts |
Ok sounds good. I like both of the coins suggested, but is it true that pandas show spotting? I know all gold even .9999 gold will show some discoloration, but the panda in particular?
Edited by sandwich5027
02/23/2015 12:19 pm
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Pillar of the Community
United States
3789 Posts |
in my experience, and I have much older Pandas that are gold, they still look great with no sort of change in how I bought them.
Perhaps other members can chip in tho that have seen changes on the finish of their bullion coin.
I do know all types of bullion coins, such as bullion coins will get milk spots.
Pandas or SOmalia elephants gold 1 oz gold coin, while they will be impacted by drops in gold prices, will give you the most cushion over the long haul. Will they drop from where you buy? yes most likely since gold and silver are still stuck in downtrends and forward progress has been choppy and messy at best.
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New Member
United States
44 Posts |
The 2015 Somalia 1 oz Gold African Elephant coin is beautiful, and a little larger in diameter too! The premium is high, but I think gold will be dropping daily, so I'll be patient and then pull trigger....
Edited by sandwich5027
02/23/2015 12:31 pm
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New Member
United States
44 Posts |
Also, when and if I order the Somalian Elephant coin, what do you suggest I keep it in? It comes in a mint plastic tite, but I didn't want that to be only protection......
Edited by sandwich5027
02/23/2015 1:52 pm
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Pillar of the Community
United States
3789 Posts |
where you buy is a tough call, so I think you go into this as a collector mindset, that you want to enjoy this coin in the immediate, as a secondary in your case, investment.
Let me say I am against gold and silver as investments in this time period. But that isn't what you want to do and its your money so this is what I can offer up to help you:
watcn and see if gold breaks 1200 this week. I would look to buy at 1160-1170, if I was in your shoes. I do want one actually, or a Panda tho I waiting to see if we get a re-test of other lows.. but to keep it simple...
1- look for/if/when gold breaks 1200....
2- I think if gold its 1160-170ish, buy your Elephant there
expect and dont be surprised if months or soon after the price dips. but I also understand the "itch" to buy and quite frankly the gold Somalian elephants are beautiful coins.
as far as storing it.. there are several cases/capsules you can try out... I personally just keep them in their original mint packaging and display. you can get different type capsules from various coin supply shops.
take a look at MCM for a good price, unless you seen somewhere with better prices but I been tracking their elephants, especially the gold one.
hope that helps.
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Valued Member
United States
73 Posts |
as has been stated about the gold to silver trade ratio I do believe is correct at 15:1 S:G. which means either gold is way overpriced or silver is way underpriced. or maybe they are both way underpriced lol. but I agree with the others here, gold and silver ARE money and while you can buy and sell them for a profit alot of people keep them as a hedge against inflation or incase the downfall of the fiat system happened to them which has occurred in 9(?) countries so far. if you are looking to make a profit of physical gold you gonna be in the long haul, if you want a quicker profit then youll need to get into stock trading which is risky for multiple reasons. with all that said APMEX has a great site to browse all different bullion and restrikes of famous coins to determine which one you'd like. the 100 corona's from austria is my favorite. nothing screams pimp like a double headed bird |
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Pillar of the Community
Canada
3692 Posts |
The silver and gold ratio was intact when silver and gold were currency, and it doesn't apply to today because they are traded as commodities. Back when monarchs tried to control the supply of money that is what they did. Today the common man doesn't play with commodities, they mostly have some in the form of jewellery, which is not money unless your culture believes that it is such as India with 22K gold. Since the dollar price is manipulated and played with on a daily basis by people who don't even handle the metal and not set the way bank rates are, one cannot expect the silver and gold ratio to be stable or near the ratio when gold and silver were currency loaned to the public by the monarchs. Today many people pay with currency that is not even "hard" so that should tell you how disconnected we are from tangible money. Gold and silver trading today would be like bartering, and who wants gold and silver - look at how many cash-for-gold places offer their services to turn your unwanted commodity into digital or paper dollars.
Sorry to get off topic like that. I would suggest a bullion coin without words that mention "dollar" or any kind of currency. See gold for what it is because the more you get attached to your shiny the less you'll want to sell it when it's needed - that's the scam of gold in a nutshell, it all has to do with demand and personal and sentimental attachment.
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New Member
United States
44 Posts |
I think the gold coin thst doesn't have a $ value is the krugarrand no?
Edited by sandwich5027
02/23/2015 3:05 pm
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Pillar of the Community
United States
2543 Posts |
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I think the gold coin that doesn't have a $ value is the krugarrand no? .......... and the Mexican Libertad |
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Pillar of the Community
Canada
3049 Posts |
I haven't seen the GSR near 15:1 in the last 10 years... I think a 60:1 would be what has been prevalent over the last little while.. and currently it's at around 74... If the GSR gets to 80:1 I WILL do a swap but until then .. I just buy what I like and when I like it...
Yup is a trader and treats gold and silver like any other commodity.. which there's nothing wrong with and for the most part you really can't go wrong. I buy and sell.. just my time frame might be a little bit more open and my buying point may have a bit more flexibility.
Personally I'm buying silver everytime I have the "itch"... and limiting my gold purchases... watching the GSR... I have another 20 yrs until I retire... I estimate around 15% of my "investing" dollars is going to PM's right now.. the rest is spread in a very well diversified manner.
If it's pretty much a one time purchase of a gold coin.. I would say buy what ever you fancy... don't worry about the premiums or what have you.. as you will extract that value in joy over having such a nice coin...
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Replies: 61 / Views: 8,818 |
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Posted 02/22/2015 10:36 am
