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 Replies: 18 / Views: 3,318 |
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New Member
United States
6 Posts |
hi everyone
from Honolulu, Hawaii...I'm a newbie to collecting. Maybe interested in gold (1 gram) bars for "investing". Is this a good time to do it and is gold best for it when on a budget? comments and your experiences?
thanks!
d david y
*** Moved by Staff to a more appropriate forum. ***
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Moderator
 United States
14463 Posts |
Since your question was a little specific, I moved your post to the section for Precious Metals.   |
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New Member
 United States
6 Posts |
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Rest in Peace
United States
7075 Posts |
My only advice about investing in anything at any time is that you should never let yourself get so cash poor that you are forced to sell in a hurry. Election years are always interesting ..... If you buy little bits of gold and the price goes up; who will buy it from you? |
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New Member
United States
6 Posts |
thanks Buddy
that is part of my concern about "investing" in precious metals; that is, "who will buy it" in whatever form it is in.
thanks for the reply!
d david
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Pillar of the Community
United States
500 Posts |
I have a (very) little collection of gold and silver coins but not as an "investment". I have just bought ones I enjoy owning and plan to just pass down when my time is up. That mind set would change if I had a crystal ball but since I don't I will just continue to spend a few $'s here and there on coins I enjoy owning. |
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Pillar of the Community
United States
1963 Posts |
It is not a good idea to buy 1 gram gold bars. The premiums on those are very high. You should try out roll hunting. It is really fun I can tell you that!
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Pillar of the Community
United States
650 Posts |
The best advice I can give you is this: buy low and sell high.
You should probably go with a minimum of an ounce. If gold cost too much for you, then perhaps try silver. I love those American Silver Eagles.
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New Member
United States
6 Posts |
coin197: what is "You should try out roll hunting".
batboy: The best advice I can give you is this: buy low and sell high.
-ok, so unless one has a substantial amount to invest in a lot of precious metal it is not really worth the money to "invest" cash in it? As it won't return a lot in percentages unless something really radical happens to the market? (or a gold planet is discovered LOL).
Coinfusion:
-I see, yes so if we little guys with little money to put into different markets; do it for enjoyment or if you like a coin?
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Pillar of the Community
United States
1913 Posts |
I'd first start off by saying that there is really no such thing as "investing" in gold (or any commodities for that matter). What you're really doing is speculating that the value of gold will go up versus down. Generally, in order for gold to go up, you'd be betting that the economy (and currencies in particular) will go down. So, speculating is more like gambling than investing. With investing, you are in theory buying part of a company. You're return on the investment is a cut of what the people who work there produce. Quote:
It is not a good idea to buy 1 gram gold bars. The premiums on those are very high. Quote:
You should probably go with a minimum of an ounce. If gold cost too much for you, then perhaps try silver. +1 to both of the above. |
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Pillar of the Community
United States
3789 Posts |
Pretty much what Bret said, except that speculating is not even close to gambling but thats for another discussion. He is right tho, commodities are more of a speculative position, rather than an investment. Remember, you will not get any sort of yield and are subject to the simple law of supply and demand. You might be better owning a strong gold miner or basket of miners that pay a yield, even if its a tiny bit.
I am with Bret and batboy, if you are going to buy gold, a gold coin, go for a full ounce at least. If you cant afford that then 1/2 ounce but no lower than that and again, the better spot would be again a full ounce.
Finally, just a word of caution. It is your money but remember that gold and silver remain in a multi-year downtrend so the probabilities still remain high that you buy here and that coin drops more on you. Again, it is your money and at the end of the day you need to do what you think is best for you.
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Pillar of the Community
Canada
3692 Posts |
Find a series of small gold coins that are maximum 2 grams for starters. The coins I'm referring to are .900 fine that once circulated as money. (USA, Canada, Mexico, Europe, everywhere else that monetized gold).
24K is expensive if you buy under an ounce. This is why I suggest the coin route. It will allow you to invest time into researching the coin series you like. Investing below an ounce at a time will quickly fail, and even in ounces and kilos that is a serious gamble to take. Only buy as much as you need.
The time to do it is when you're still swept by the idea.
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Valued Member
United States
493 Posts |
Is a way to get rid of some dollars and have some diversity in your portfolio. Some say buy bigger pieces, but if gold goes to say $2500, a roll of 1/10 would be easier to piecemeal sell. Their are many angles to look at, but rounds are usually a better deal than bars. Gold has had it's run and will likely stay in this price area for some time to come as negative bond rates become the new norm.
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Pillar of the Community
United States
3343 Posts |
Precious metals are way down my list as investments. Currently $US is as good as anything. Putting it in a bank or a coffee can is better than putting it in gold (or mutual funds....grrrr....getting very tired of brokers...). Not that precious metals are a worthless investment. They're genius compared to a drive through latte or a bag of chips. Use the money you spend on that for gold-buying. Stack it up, sell it, and buy something you really want or need. I prefer coins to privately issued bars. The closest to spot price is usually foreign gold - French or Swiss 20 francs are usually slightly better than UK sovereigns. US coins almost always come at a heavy premium. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
7390 Posts |
Aloha. Most have answered you question and everyone has their own opinions on this matter. I used to live in Waikiki. Tell me, is Eggs & Things under a hotel on Kalakaua or Ala Moana I think still around? Yummy stuff
Edited by Cascade
02/10/2016 09:13 am
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Valued Member
United States
56 Posts |
Hey Cascade, they were still there last spring. I never made it in as there was always a long line.
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Replies: 18 / Views: 3,318 |
Posted 02/04/2016 04:13 am
