I want to get some coins for Christmas but I was wondering if I should buy gold instead. I look at coins as more of an investment anyways. Does anyone think that gold will go up in the upcoming years? Any opinions on what I should do?
If what you're worried about is future profit, then this is the wrong place to look, as you'll never own what you really want. Guy
summed up gold and silver are stocks you can hold in your hand. there is no telling what price gold and silver will be at in a week much less years from now
Get some of both. Depending on how much you have to spend, I could give a more specific answer. Why not purchase a nice pre 1933 double eagle (slabbed) for $100-$200 over melt. That way you hit 2 birds with one stone.
I agree it is too difficult to predict although Summer silver prices were really low and I expected them to go up. Silver is generally more volatile then gold I think but it is hard to say what gold will do. I have noticed that coins generally stay the same in cost making them poor investments when you pay full retail and demand has much to do with coin prices as well. How many people are going to want a certain type of coin in the future? Who knows?
That is what I would do to, just buy both. I have bullion, coins with no precious metal content at all, and some coins that were a slight premium over melt. Old gold coins are a good idea since if gold goes up, the coin will be worth more because of the intrinsic value. If gold goes down, you still have the numismatic value.
I don't see any type of coins as a good investment but they are a fun investment. I'll make a killing on some of the cherrypicks over the years but will have a loss on much of my collection. If I sold everything right now, I actually might be in the black but only because of the price of silver and gold. If those prices go down, I'm well in the red. In today's times and thinking long term, I like the idea of old gold in good holders. Key date coins in better grades also sound good to me. As always, quality is important.
I wish I could get gold! I cant even buy the dips. lol. But I believe Gold will continue its rise. Good luck with your decision.
start looking at 1/20 bullion and 2 peso mexican coins prices aren't to bad, well as long as you stay away from ebay
Capital appreciation? I am very doubtful of numismatic value at this juncture, so it may be wrong to look at coins as an "investment" in the traditional sense. If you have no expertise, you're even more likely to lose money that way IMO. YES but only in relative terms (to USD) Profitably? Perhaps, but ONLY if you can buy & sell prudently. BUY Au at a low premium from a reputable, trusted dealer on a -10% > -15% retrace (NOT NOW) and SELL Au during a seasonally UP month during the Investor's Death Spike of 2018 or whenever. If - in the meanwhile - you'll wet your pants on any POG -15% or -25% decline (and look at POG Summer Seasonal Declines in the mid-1970s) then PMs really aren't for you. PMs are for disciplined long term accumulators, folks who understand what a rainy day fund is, or for "seasoned investors" who want diversification out of paper assets and have income/means without desperate circumstances. Johnny-come-lately retail bullion traders will get burned, otherwise. Just saying. Do what makes you happy - it's Christmastime!
