I've gotten into silver investing, but want to shift some of the focus to gold. I don't have a lot of money b/c im 17 and have college/car insurance coming up. I figured I'd start off with 1/20th oz coins. Found one on eBay that looks like a good deal.... http://www.ebay.com/itm/CHINA-PANDA...861?pt=LH_DefaultDomain_0&hash=item2566b56505 Thoughts?
For any bullion purchases, go in-house. You should be able to find a coin/bullion shop around you. You will pay a slight premium, but it's worth it.
There is a coin shop about 5 minutes from my dads (~20 from my moms) which has some gold/plat coins. A little iffy on the premium until i get enough $ though.
A premium is a must. The shop needs to make money, so finding a place that sells without a premium probably wont happen. Go to the shop that you mentioned, ask some questions, see what you can afford. I started investing at a younger age than you, and the best thing you can do is ask questions.
I would wait a few days to a week to see if gold drop back down $300 to $1600, which is now reasonable, when last week it wasn't
I don't like anything less than 1/4 oz for gold because otherwise you get hit with substantial premiums and get less bang for your buck. My strategy is to accumulate silver and I plan to swap some out for gold when the ratio is more congenial to silver.
I'd buy more than 1/20th but cost is an issue. Thanks for the help everyone! I'll play it safe and stick with the coin shop
As far as I'm concerned, this is a no-no: "The picture of the coin is a file photo, the serial number is different for this listing"
