| Author |
 Replies: 20 / Views: 2,626 |
|
Pillar of the Community
Canada
834 Posts |
Poll Question
Time for a little fun for this week and it dawned  on me why not involve the GREAT members of CCF So here's the situation, I'm going to invest $1500 into some metals wednesday. Might be a little more if the St. Gauden is picked, my dealer has one for spot +5% What I need is for you to tell me what to buy. If you don't like my choices make a suggestion! If you're suggestion blows me away and I buy what you recommend you will have a little silver coming your way in the mail!
|
|
|
|
Pillar of the Community
United States
620 Posts |
I tend to think 90% silver U.S. coins bought at bullion prices will in the long run show you more profit and a better return on your investment. Just my opinon as I am far from a PM expert.
I have been buying Silver when low and selling when high and I need the money.
So far I have more than doubled my investment and still have a nice hoaed of 90% silver coins
|
|
Pillar of the Community
Canada
1731 Posts |
Maybe buy some nice BU morgans, I can usually get EF+ for spot or a little over.
|
|
Pillar of the Community
United States
1454 Posts |
If you're interested in gold, Barry made a purchase of Krugerrands a few weeks ago and he got them for a very reasonable price. I'm not 100% certain but I believe he picked them up from Goldmart. Personally, I think silver has more upside than gold and you'd be better off in the long run getting some tubes of ASEs or SMLs, if you're doing this as an investment vehicle.
|
|
Valued Member
United States
103 Posts |
I'd like to make a suggestion, I say go for a kilo bar of silver, and instead of some American coin, get yourself a $5 Canadian gold piece like so...  I've always thought they were so beautiful, and you being in Canada I'd assume they wouldn't be too hard to source. Then take the left over $100-200 and go to a casino and have a good meal and a show and some fun! Cheers |
|
Pillar of the Community
Canada
3692 Posts |
Go for the 20 ozt bar and whatever other bar. I voted for the 1/2 ozt Au because it's the closest to what I would get. Gold is pretty pricey right now but it's good to diversify. I don't know how you'd get a St. Gauden's at $1500.
|
|
Pillar of the Community
 Canada
834 Posts |
Libertad,
The st. Gauden would be spot + 5% for the 1924 my local dealer has one so closer to 1700$ but I thought of putting it up there
Lukemarshall,
Like the kilo idea just bought one at my local dealer the other day ill have to see if he has that $5.00 piece
|
|
Pillar of the Community
United States
648 Posts |
I voted for 20 oz + 1/2 oz Gold. I always like coming out with both metals (if I can afford to). You can't go wrong with the purity found in a gold maple. A 1/2 ounce gold maple is a nice piece to hold.
Edited by tripncoins
08/13/2012 8:39 pm
|
|
Pillar of the Community
Canada
3692 Posts |
Gotcha!
Personally I think it's more impressive to say you have a kilo silver bar than a 1/2 ozt of Au - kind of like the way girls boast about their carats and not their points.
|
|
Valued Member
United States
272 Posts |
I voted (1) 20oz old poured bar + 1/2 oz gold Maple as well.
|
|
Pillar of the Community
614 Posts |
If I were you id buy a whole lit of European fractional gold.
Whatever denominaton
10 = 1/10 oz
20 = 1/4 oz
100 = 1 oz
|
|
Pillar of the Community
United States
3670 Posts |
I thought hard about the 1924 Gaudens, but in the end I picked old 20 pour and half oz.....
Diversity never hurts IMO of G @ S....
|
|
Pillar of the Community
Canada
1723 Posts |
I voted 80% Canadian dimes...but just circulated ..any ol silver dimes because that's what I have up for sale on CCF. But only $95 to buy not $95 worth in dimes...  Edited by samsnate
08/13/2012 11:00 pm
|
|
Pillar of the Community
United States
1195 Posts |
My sugestion is to take sort of a numismatic approach to your $1500 to spend and split between Fine, 90%, and 80%. If you have not obtained the coins described thusly, buy them: Buy one each of an ASE, a Maple, a Philharmonic from your birth-year and/or that of any/all child relatives of yours. Take your birth-year, subtract 100 from it, and buy the Morgan set from that year. Using the birthyears of your favorite relatives that were born in the eras of US/Canadian silver circulating coin, Buy an equal number of all available denominations of US and Canadian silver coin for that year that you can get for spot. |
|
Pillar of the Community
United States
3184 Posts |
#2 is the best. Best of both worlds, you get silver and gold
|
|
Pillar of the Community
United States
538 Posts |
I say buy a set of either the 2010 or 2011 America the Beautiful 5 oz silver pucks. You could get them raw and get nice air tites for them then save the rest to roll over into your next purchase or see if you can get them in slabs for a decent price (not sure what they go for slabbed). If the ATB coins aren't your thing then maybe an Australian 1 kilo Kook or Koala (personally I like the Koala). |
| |
Replies: 20 / Views: 2,626 |
Posted 08/13/2012 8:18 pm
