Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Royal Estate Auctions - $1 Coin AuctionsSpecializing in Modern Numismatics Vancouvers #1 Coin and Paper Money Dealer 300,000 items to help build your collection! Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Join Thousands of Coin, Bullion, & Money Collectors Coin, Banknote and Medal Collectors's Online Mall








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

My First Gold Investment Please Help Me ...need Advice

To participate in the forum you must log in or register.
First Page  Showing last 15 replies.
Author Previous TopicReplies: 25 / Views: 15,470Next Topic Page 2 of 2
Valued Member
United States
287 Posts
 Posted 03/22/2011  01:53 am  Show Profile   Bookmark this reply Add jimineez to your friends list
Another little note,
I'd consider going with smaller bars than 50g unless you just gotta have them.... then you have more options for selling in the future
Pillar of the Community
United States
648 Posts
 Posted 03/27/2011  10:32 am  Show Profile   Bookmark this reply Add tripncoins to your friends list
Follow up. I took the forums advice and opted NOT to deal with Craigslist. After thinking about it, I just didn't feel right. As an update, I will be attending my local coin show in TX (next weekend) where I know it's legit. I went to one last month to observe and take notes, yet I was dying to walk out with SOMETHING.

Side note: This weekend, I did purchase a 1 Gram Engelhard gold bar from my local store dealer (as an appetizer) and a couple of oz's of Engelhard silver bars to add to the mix. I'm about supporting the local shops in the community. They are cool guys who are willing to help and answer my newbie questions. When giving back my change he asked me if I wanted a $2 bill or two $1 coins - funny. It's things like that which keeps me going back.

But yes, I will be looking into the coin side of gold investment as well. I also appreciate the rarity of the coin & mintage itself. It's true that you kill two birds with one stone when going for the numismatic perspective as well - not just the bullion perspective.

After researching gold and silver for many many months and reading through many forums, websites, monitoring ebay (creating my custom watch list)- I feel a lot more educated before ever making a single purchase. I passed on a 1 Gram Pamp Suisse the dealer had this weekend because there was no certificate. I did purchase from him the 1 Gram Engelhard signed by a certified assayer. All 1 Gram bars were the same price FYI. While some might not care, it certainly doesn't hurt from a resale perspective. Wouldn't you guys want a gold piece signed by a certified assayer?

I will say buying bullion of any metal (or coin) is a test of temptation as I almost purchased the certified/signed Credit Suisse 1/4 oz Platinum bar ($478+tax). Then I remembered the sweet US Minted Liberty Platinum coins....so many options!

1 oz (or gram) gold bars are minted all the time. A 2008-W Gold Buffalo isn't minted every year. I see both sides for sure and will be diversifying my gold / silver portfolio as such. Thanks ya'll.

My-First-Gold-Investment-Please-Help-Me-...need-Advice

My-First-Gold-Investment-Please-Help-Me-...need-Advice
Edited by tripncoins
03/27/2011 7:32 pm
Valued Member
United States
314 Posts
 Posted 03/27/2011  11:33 am  Show Profile   Bookmark this reply Add ayejay1974 to your friends list
The PAMP bars are beautiful bars, and those appear to be legit. But others here have it right. His price isn't anything spectacular enough to warrant questions on your purchase.
Shop around online with reputable dealers. You can find them for roughly the same prices, and have peace of mind to boot.
Rest in Peace
United States
9104 Posts
 Posted 03/27/2011  11:45 am  Show Profile   Bookmark this reply Add biggfredd to your friends list
http://golddealer.com/bullionpage.html#AUMISC shows 100g @ 4665, delivered.
Pillar of the Community
United States
648 Posts
 Posted 04/01/2011  7:38 pm  Show Profile   Bookmark this reply Add tripncoins to your friends list
I returned from the coin show today and added a 1 oz. bullion bar. There was 15 minutes left at the show and the dealer was closing up shop. He had an empty case but when I looked closer there was a PAMP Suisse bar and he said I'll give you a deal for $1470. I thought about it for 10 seconds and said "deal". My first oz of 999.9 gold! Now I'm going to spend some $ on silver tomorrow at the show....what a great day.


My-First-Gold-Investment-Please-Help-Me-...need-Advice

My-First-Gold-Investment-Please-Help-Me-...need-Advice
Edited by tripncoins
04/01/2011 7:49 pm
Pillar of the Community
United States
1026 Posts
 Posted 04/01/2011  10:51 pm  Show Profile   Bookmark this reply Add Brucec to your friends list
Oh my he is hooked now, good buy you got there.

Sure like having gold and silver you feel like you actually have something that has value as out $$$$ keeps sinking and will drowned soon.
Pillar of the Community
United States
648 Posts
 Posted 04/02/2011  12:36 pm  Show Profile   Bookmark this reply Add tripncoins to your friends list
I went back and picked up the following below.

Four 5 OZ Engelhard Bars
Three 1 OZ JM Bars
Two 5 OZ JM Bars
One 10 OZ Engelhard Bar




and a partridge in a pear tree.



My-First-Gold-Investment-Please-Help-Me-...need-Advice
Edited by tripncoins
04/02/2011 12:43 pm
Pillar of the Community
United States
3670 Posts
 Posted 04/02/2011  2:42 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list
I figure if your new to bullion/coins, how can you go wrong with good ol fashion Engelhard/Johnson or Pamp gold. It will only increase in value IMO, in the next couple of years. Well done, great start....

So let me see if I kept an accurate track correct please if I lost count, you now have 45 oz of silver an 1 oz, an 1 gram of gold, some of the best of each product you can get, certified, I like it a lot....

Pillar of the Community
United States
648 Posts
 Posted 04/02/2011  5:12 pm  Show Profile   Bookmark this reply Add tripncoins to your friends list
Thanks..almost...64 oz Silver / 1 oz 1 gram Gold + one 64 Kennedy :)

My-First-Gold-Investment-Please-Help-Me-...need-Advice
Edited by tripncoins
04/02/2011 7:57 pm
Pillar of the Community
United States
3184 Posts
 Posted 04/02/2011  8:33 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list
nice silver and gold! I think you shouldn't have bought a 1 oz gold bar...........whenever I buy, I also look at liquidity. A few 1/4th oz gold eagles would be easier to liquidate vs a 1 oz bar. Same with 10 10oz silver bars vs a 100 oz silver bar. However you should buy what you like and if your happy then thats all that matters. Keep stacking!
Pillar of the Community
United States
648 Posts
 Posted 04/02/2011  9:00 pm  Show Profile   Bookmark this reply Add tripncoins to your friends list
Thanks mkman123 - The plan is to start a Pamp gold collection. I don't know why - I just like them. The only strict rule I have is it must have a certificate (no loose gold bars of any kind - that's just me).

I wanted to get the 1 oz bar out of the way. Then start collecting other Pamp (or Engelhard) Gold bars of different weights. All while trying to keep an eye on the premium for the smaller bars!
Edited by tripncoins
04/02/2011 9:09 pm
Bedrock of the Community
United States
10982 Posts
 Posted 04/02/2011  11:31 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list
There are no liquidity issues with 1 oz gold bars. They sell like hotcakes every day. Now if you have the cash to buy 10oz or kilo gold bars? Those have much smaller markets but even they are readily saleable to any large PM dealer at melt price as long as they are from major refiners or have certified assays.
ANA #R3154474
Valued Member
Canada
442 Posts
 Posted 04/03/2011  12:02 am  Show Profile   Bookmark this reply Add vinnycoin to your friends list
wow nice collection for a weekend! enjoy that gold pamp bar and the engelhards!
Pillar of the Community
United States
648 Posts
 Posted 04/03/2011  4:01 pm  Show Profile   Bookmark this reply Add tripncoins to your friends list
My final update for the weekend. I went back for the 3rd day in a row but this time only for a few hours. The dealers there are fully aware of my silver / gold mission :)

This time I only picked up 4 Engelhard Prospector's and 2.5 Grams of Gold. Giving me a final tally of 68 oz of Silver and 1 oz - 3.5 grams of pure 999.9 Gold! I appreciate everyones advice & input!

My-First-Gold-Investment-Please-Help-Me-...need-Advice
Edited by tripncoins
04/03/2011 4:11 pm
Pillar of the Community
United States
4008 Posts
 Posted 04/04/2011  12:00 am  Show Profile   Bookmark this reply Add Ed_B to your friends list
Very very nice collection, there, Tripncoins. I can feel my envy muscle twitching a bit. :)
Page 2 of 2   Previous TopicReplies: 25 / Views: 15,470Next Topic Page 2 of 2
First Page  Showing last 15 replies.
To participate in the forum you must log in or register.


    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.37 seconds to rattle this change. Forums