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 Replies: 33 / Views: 3,934 |
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Valued Member
United States
362 Posts |
Well I sold some stock off, and I wanted to reinvest half of it into another, higher yielding one, and the other half into Precious metals. So I am curious as to what you would put it into? I have a really good feeling about platinum over the next 10 years or so, and silver, and not sure about gold. I actually have a post further down about buying platinum, but I dont think I will pull the trigger on that unless I can get a good deal. I have always had an eye for a st guadens 20$ piece... I LOVE this coin, and have always wanted one... but I am unsure on the future of gold. There has been such a gold frenzy, I think once people calm down, the demand for gold is going to drop. But I feel like if I got one of these, I would want a graded MS-60 or higher, which will go a little out of my budget... but maybe it would be worth it? Silver - I really like ASE (of course), but also 90% junk silver, but the biggest bang for my buck almost always seems to be silvertowne bars! But I have a roll of Mercury dimes, and a couple rolls of 90% quarters, maybe a nice roll of franklins or something? Not asking for people to tell me what to do, but curious as to what YOU would do? |
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Pillar of the Community
United States
7193 Posts |
If I did not own a $20 Saunt Gaudens it would be my choice. They are beautiful and in MS state they will always hold a premium over gold value. Silver to gold ratio seems under valued at over 50 to one, so my next choice would be 90% junk silver or another form of silver less than 5 oz.
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Valued Member
United States
425 Posts |
I would say alot would depend on how much $$$ we are talking about. If you are talking about only one $20 Gold piece, then I might go after Silver. The ASE's in my area carry a pretty high premium right now so I might go with a good deal on Maples, or the Silvertowne 1oz ers,(or Sunshine, Miners, etc...), and think of it only as an investment. But if you can pickup 4,5, or more 1oz Gold rds storage would be alot easier! |
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Pillar of the Community
United States
648 Posts |
If I were to make a transaction today, I would buy a 1/2 oz Gold Eagle non-graded - rest in bullion platinum. If platinum is not available, then the rest in silver bullion .999 - preferably Eng's or JM's. Another combo meal would be a 1/2 oz gold eagle and maybe a roll of ASE's or Maple's. I could go all day. |
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Valued Member
United States
362 Posts |
Well if I were in this position I would diversify and buy some gold as close to spot as I can and some bullion silver, ASE, Maples, ect with the intent on keeping my PM long term. Also, this way would allow me to liquidate some if I needed to a lot easier than large multi OZ bars or super high premium gold or silver coins. Good luck! |
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Pillar of the Community
United States
3540 Posts |
Silver...all of it. ...and I would ONLY buy 90% silver - in AU condition. Would not buy dollars if there was a premium over non dollar 90%.
Why? Bullion silver will be taxed and tracked. 90% silver, in most cases, is not taxed and tracked.
90% is easier to sell.
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Pillar of the Community
United States
4008 Posts |
Platinum would be my choice but, as others have said, the amount of money involved could determine my course of action on this. That said, I do like platinum, particularly when it is lower in price per oz. than gold. This is a fairly rare event in the PM world. Not taking advantage of it when it comes along seems like missing a good opportunity. 1 oz. platinum bars from PAMP or Credit Suisse should have reasonable premiums.
As to the future, well, it looks really good for PMs of all kinds because the future of the fiat currencies looks so poor. It is bad enough that they are all inflating away to lower values but it is possible that some of them may not survive at all. Unless there is some sort of world-wide debt forgiveness epiphany, the next 5-10 years could see the end of the Euro, the US dollar, and the Yen... and sky-rocketing PMs as a result. :-/
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Valued Member
 United States
362 Posts |
Well my monthly coin show comes to town next week, and I am thinking about buying there (the dealer from my parents hoemtown also has a table there)
But, would yall be uneasy walking around with 2000$ in your pocket? I am not sure if I am going to be willing to do that though. What do yall think?
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Pillar of the Community
United States
648 Posts |
I went to the coin show with 8k and kept the cash really close - made sure I had a list of what I bought - bill count etc. They had cops roaming around inside the coin show and offered to walk with you to your car if really needed. I felt safe during broad day light. Good luck and have fun.
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Moderator
 United States
16679 Posts |
If you want PM, classic gold or silver is the way I'd go.
Higher grade (VF-XF) Draped Bust silver is always nice ;-)
swcoin.ecrater.com
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Pillar of the Community
Canada
1502 Posts |
For physical PM my advice is to based your decision on the venue you would eventually sell in. If planning to offload to collectors privately or via ebay, then investing on PM coins or bars in smaller denomination or carry added potential numismatic value should work out to your advantage even if you're paying for a bit of premium now (the premium can be passed on later). Smaller denomination and numismatic value typically point to silver more than Au or Pt. If you plan to liquidate fast, at stores or banks, then larger bars with the smallest possible premium is the reasonable choice. In this case which PM is up your forecast. My bet is still on silver for the greater return but would buy gold for its relative stability. |
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Valued Member
United States
257 Posts |
St Gaudens if you don't have one yet, otherwise silver with the lowest premiums.
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Pillar of the Community
United States
1817 Posts |
Get the classic gold piece, it will always have a higher numismatic premium and hold its value even if the spot price of gold drops. Get the nicest one you can in slabbed 63 or 64. With junk 90% you will have a lot of silver, and platinum only for a short term profit within a year or two, which may be still unlikely...
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Pillar of the Community
United States
4008 Posts |
Quote:
But, would yall be uneasy walking around with 2000$ in your pocket? I am not sure if I am going to be willing to do that though. What do yall think? Yes, that could be a challenge, depending on the area and how the show is run. If they have armed security people there to help keep things honest that would be good. If not, I would have my Colt .45 auto strapped to my hip... and yes, I do have a CC permit for it. |
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Valued Member
United States
362 Posts |
SOO... I went to the local coin show and looked at all the booths several times. Originally I was looking for some platinum, and the only one I found for a reasonable price was something I've never seen before so I passed... I did find a booth with a MS-63 1924 St. Gauden Double eagle that I really liked. I asked the guy how much he wanted for it, and he told me a number in the high 1900's. I then told him the price APMEX was selling them for, and dropped the price down to $1925. I told him I would think about it. After another hour or so of wandering I came back to the guy. and offered him $1900, to which he said "No" very quickly... So I said thank you and started walking away. He quickly told me to come back and ran some numbers, and told me if I paid right there in cash he would give it to me, which I dont think he thought I had. After all I'm just some punk 24 year old still in college, why would I? LoL. So I pulled a wad of cash out, and bought it! Most expensive thing I've ever bought! Now with my luck, gold is going to plummet tomorrow morning  Anyways, what good would this be without pictures? The coin is in EXCELLENT condition. I would even say over a MS-63, but on her right side, there are two fairly large gash marks. But otherwise a great looking coin!   Edited by ICanSeeYou7687
11/13/2011 1:47 pm
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Pillar of the Community
United States
7840 Posts |
Excellent choice!  ...and she is a beauty!  $2250 Numismedia Fair Market Value. Edited by oih82w8
11/13/2011 2:24 pm
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Replies: 33 / Views: 3,934 |
Posted 11/05/2011 3:18 pm
