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 Replies: 8 / Views: 4,653 |
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Valued Member
United States
297 Posts |
Poll Question
I have been saving some money the past few weeks because I want to purchase an ounce of gold, just to have. I mostly collect 1 oz silver rounds due to the lower price and I enjoy having multiple coins to look at, versus just one but I have decided that I also want gold, even if it is only an ounce. I am collecting both for fun and a hedge against the falling dollar so I am collecting different series of coins, as long as they don't command too great a price over spot. I have decided that I want to purchase a 24 Karat Buffalo proof with box and COA. I know it costs more then a regular Buffalo, but since I only plan on having one, I wanted to go the extra mile and have something I can really enjoy looking at. But now I have stumbled across the 1 oz platinum platypus from the Australian Perth Mint. The more I think about this coin, the more I would like to get one. I would eventually like to own a 1 oz gold coin and also a 1 oz platinum coin. With the platypus being a low mintage of 30,000 and with a price still reasonably close to gold, maybe I should pull the trigger on the platinum coin now, and purchase a gold coin later, since the Buffalo's are more readily available. What do people think my best course of action should be?
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Pillar of the Community
United States
648 Posts |
This is just me personally, but I would go with 1 oz of gold. I VOTE GOLD! :)
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Pillar of the Community
United States
1817 Posts |
Gold first, platinum later. The gold burnished Buffalo is also an excellent candidate for acquisition. As for the platinum issues, go for the platypus, but the American Eagle are unusual with their changing reverses. For the ultimate scarcity, try the platinum Britannias.
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Pillar of the Community
United States
3184 Posts |
Get maybe a half oz of gold and the rest in silver is what I would do. I like diversity.
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Pillar of the Community
United States
931 Posts |
I have been buying gold since it was around $700. I recently purchased two uncirculated Gold Buffaloes because I think that the design is both historic and beautiful. Even if gold trends lower over time I still wanted to own this coin in part knowing that the gold in the coins was mined in the United States. I have purchased a few foreign silver coins for diversity, but I wanted my big purchases to be precious metals from the US.
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Valued Member
United States
384 Posts |
I voted Gold. If you don't have any gold yet, you should get some gold first.
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Pillar of the Community
United States
3670 Posts |
I voted gold. If gold hit 5 grand, you could make 3500 roughly (most figure long term stability with gold), but 45 oz. of silver, lets say silver hits 150 an oz., and you got your 45 oz. of silver at just over 35 an oz., which is 1575 to 1600 or so, and the silver spot value (it would be more if you bought nice higher premium silver), would be 6750. Take away 1575 and you have 5175....
So gold with the numbers above (and those are some BIG IF numbers) is a profit of 3500, and the silver profit would be about 5200....
Platinum is nice, but the main stream just does not seem to be ready to invest in it and its little brother, as quick as they are gold and silver. That will change I am sure, but with both high in price already, I would consider palladium before platinum as it is so high in price....
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Valued Member
Poland
114 Posts |
I voted: platinum. Reasoning: - Gold is more vulnerable to rapid price changes. Two most rapid changes may happen:
1) If countries (or emission banks) decide to return to gold-based money the price would go up quickly.
2) If countries decide to sell their gold reserve and shift to something else the price would go down rapidly.
These are the extremes of course.
- Gold is mostly accumulated. Platinum is more used up in technological processes and its recovering is far too expensive. Thus platinum should go up more in a really long run.
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Bedrock of the Community
Australia
21786 Posts |
I have purchased only one coin in my life, purely as a bullion investment. That coin is a 1991 one ounce platinum Koala, from the Perth Mint. I bought it on a whim, for $500, and I still have it. Have other precious metals been a better investment? I do not know, I have not even bothered to check! I have spent much, much more on coins, and the only reasons I have kept the platinum coin are 1) It has been a store of value, and 2) It is the only platinum coin in my collection, and as such, has a legitimate right to be included. I quite like the design, but the design of the St Gaudens Double Eagle is better. Talking about heavy metals: Has a one ounce tungsten (W) coin like object ever been produced? Tungsten and gold have exactly the same density. That intrigues me. Oh, and another thing I find intriguing: The chemical formula for tungsten carbide is: WC. |
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Replies: 8 / Views: 4,653 |
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Posted 05/11/2011 09:30 am
