I was just going to pay down my brokerage account and put the rest in MM. Now my bonus, that is more money so I may splurge on something with that, but I don't need any more silver really.
No they are just typically hyped up bullion. Although you can get some pre-33 gold for close to spot, gold sovereigns typically $15-25 over melt on a coin that is .2354 oz of gold. (so about a $400 coin) Here's the best deal on gold that I know of on the internet currently in my opinion: http://www.goldeneaglecoin.com/item/Austria_1_Ducat_Gold_Coin Those coins are .1106 gold content, a small fractional (good for resale) and only about $5 over spot per coin.
Twenty-five to thirty ounces of silver is all I buy for the entire year. I try and get a representation from different mints and private facilities over the course of time. So I'll buy one each of the MS and PR Eagle bullion, slabbed for collection sake. All of my hobby funds go mostly into U.S. classic collector coins. I never really rely on my refund as the source of this money. Like medoraman, I have enough silver for my needs at present.
You don't have to lift my SDB out of the hole and back in. You want to come help every time I have to move that bugger, then I would have more opportunity to buy silver. If not, I am kind of moving on to gold and platinum.
I have a silver obsession. ASEs and Morgans. I dont think I will ever say i have enough silver. Hoping my two boys catch the bug so I can get them in on the action.
Just a note here. My tax refund is not a gift from my Uncle Sam. It is, and always has been, MY money. I won't be spending it like it is some unexpected gift.
I look at it as a CD that I pay into all year long, then get to bust out come "refund" day. It's my money, and I just don't get to touch it for a year.
Oi, I forgot about that thing that is supposed to be coming!! I might get four. Two as gifts, and two for myself. If I get more than that, I might want to get a 1/10oz AGE or possibly a '27 quarter eagle.
Actually, I forgot about my new kid expected this year. Because of him/her, I may buy some ASE's or something similar. I bought the 2011 set for my son when he was born.
I'm thinking a couple silver eagles and maybe $10 face of 90%. I'm on a 4-5 yr plan on paying the house off, so the rest is going on the mortgage.
With rates at all time lows why pay it off in 4-5 years? Get a 15 year mortgage and pay the bank back with inflated money. When I get money I buy ASEs and 90% too.
He is going to be very lucky. When I was born I got a lot of savings bonds. If only I had received eagles instead....
Whichever kid, (hopefully both), that are interested in coin collecting will be the lucky ones. Man, I cannot fathom what it would have been like if my father had half the coins I do now, wanting to pass them down to them. Hopefully at least one will be into coins, I just want to see their face the first time we take a trip to the safety deposit box..... Well the first one I kept a MS70 set of the 25th anniversary set. So I guess I am looking to drop about $1000 for something for the second kid this year. Still trying to figure out what.