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Bullion Investing Discuss gold, silver, platinum and other metals sometimes formed into coins and sold as investments.

 
 
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Old 07-05-2009, 05:35 PM   #1 (permalink)
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Join Date: Apr 2009
Location: Huntingtown MD
Posts: 29
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Might start getting some gold.

I have been investing in silver for a while now and my gold stash currently consists of my 18K gold class ring and a 14K gold cross and chain I inherited at my Uncles funeral (Don't really view these as investment gold though). I want to start buying some gold. But before going about it I want to ask some questions.

1) This is probably the most important question. First some background. I've graduated college and have my degree and am in the process of finally getting my career. So far it looks like I will be recruited by D.C. Metropolitan Police or Calvert County Sheriffs. But at the same time I'm putting aside about $300 of each of my paychecks from my current job to save up for the police academy in case I don't get hired. Which leaves me about $180 for myself that needs to last two weeks. So the question is should I wait on worrying about buying gold, or is it never too late to start?

2) I've noticed Kmart has been advertising that all gold jewelry is %70 off. They've been advertising this since December. Do they really have good deals on gold or is it all overpriced even with the discount? (According to the adds the jewelry is not gold plated or gold filled.)

3) On apmex there are some gold coins in their clearance section. https://www.apmex.com/Product/11161/...Gold_Coin.aspx, and https://www.apmex.com/Product/28694/..._Nuggets_.aspx. They had a year of the snake 1/10 oz coin but its gone, showing that their stock can run out. Also this isn't in the clearance section but Ill ask about them anyways, https://www.apmex.com/Product/1048/M...old_Coins.aspx, https://www.apmex.com/Product/1048/M...old_Coins.aspx. Are these good prices for the coins?

4) Should I not treat the above coins as bullion and just buy them to add some gold to my coin collection?

Please Answer away.
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