Just want some gold coins stash

today was the continuing start of something thats already begun! get readY!

 

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PMs have been in a bull run since 1999! Many say this run will continue for another 10+ years.

I'm not sure if this is the case but what I do believe is that if the FIAT faucet is not turned off, PMs will continue to increase vs the US dollar.

I also agree with your assessment with gov't issued legal tender bullion over bars.
What I will suggest is looking at 24k over 22k (US Coins: Buffalo over Eagle). You have already stated that you and your wife have 95% - 99% pure. I'd stay with this purity level, as the majority of the world prefers 24k.

The best to you and I also suggest that you do further research. Coin Talk is a great place to start! There are several other forums and sites that maybe of interest to you.

Three good sites to start are...
http://money.org/AM/Template.cfm?Section=Home
http://www.gold.org/
http://gata.org/

 

Wow. I need to do a bit more research. I thought the Eagles were 24k. OK, Buffalos it is then.

As to silver I heard an interesting snippet on the radio today. Don't know who it was or even the show so I have no idea of the validity of the opinion. In any case, the speaker stated that all markets start with the blue chips (stocks, gold, etc), and eventually raise the penny stocks and silver (the penny stock of PMs).

Interesting theory. No idea how much value to place on it.

 

Money , Money, Money

Over the last three years the mint has turned out some products, that have only not gone up because the price of gold.
Buffalo gold sets, Unc. burnished gold sets,Prosperity sets,
Anniversary sets, UHR ? , 2008 treated some very well indeed, but all those years had some very good items.
The talent for spoting such items resides on this forum if you watch, who says what, and a certain amount of logic prevails. ASK , the answers will suprise you.

Pep

 

"Ag is the poor man's Au"

As a percentage, Ag has more room to grow for the average investor. Just like stocks... it is a good idea to diversify your holdings and IMO; you can't go wrong with having a ratio of Ag to Au.

Again, do research on the historical aspects of the 'ratio'

 

Just go for the Krugerands. Cheap and pure.

 

Cheap?
Fractional sizes usually carry a higher premium.
Krugerrands are 91.67% pure (22k)

 

Just when I thought it was safe to go in the water :rolling:

OK. I had settled on getting some Gold Buffalos. Soooo, look around a bit and the prices are all over the MAP.

I get the concept of "proof" being a higher grade minting process and look cooler and "might" offer some higher value as a collectible versus simple metal content. But, I don't get this:

Dealer A - plain gold buffalo, year unstated, 99.9% gold one ounce = $1202.70

Dealer B - 2009 Proof 1 ounce Gold Buffalo G$50 PCGS PR70 First Strike (some of this I do not get) = $1750 wire $1800 cc

US Mint - 2009 American Buffalo One Ounce Gold Proof Coin (BA9) = $1410

So I get it that the proof coin from the mint is going for about a $210 premium for the higher grade minting. What I don't get is the difference between the mint proof and dealer b's proof. Very confused on this.

I have pretty much decided to grab a few of the $1202 gold Buffalos as their value is 100% based on metal content and easy to understand. A good start. Is there any essays on the different grading processes that I could read to get a running start so I might undeerstand some of what I read on this forum?

 

22 or 24K ..does it really matter?

It's all gold.
It all trades at a premium over spot.
It will all be easy to sell when the time comes.

Buy the 7 AGE and the 100 ASE and move along.

 

Of course it matters... maybe not for you personally, but it matters to others, especially the buyers. If you're buying to resell then know your buyer and you will sell better. In terms of bullion (not numismatic value) 24k will always be greater in value than 22k. Elaine pointed out in another thread recently, Asian buyers have a preference for 24k over 22k. If your buyer "when the time comes" (to sell) turns out to be an Asian with such a preference (or other buyer who prefers 24k over 22k), you may sell more successfully when you need to sell. It's not a steadfast rule but in short, Yes, it matters because there are those for whom purity matters just as you directed the suggestion to buy American gold over other 22k gold in your reply.

 

Asian jewelry makers India etc. like to use a known product and like to be able to manipulate it from a given state. Say .999 has nothing but gold . USA and S/A use alloys to make very clean strikes.To do this they use 22K or 91.67 gold to alloy. Each uses a different alloy. Removing the alloy is another step to get pure gold.
Jewelery is best and strongest at 18K . Coloring and other choices come into play also. If they want they can do their on mix and eliminate a time consuming step.It is about service and giving the consumer what they wish.
For investment sake as long as there is a stated amount of gold in a coin it matters little if is has alloy or not. A 22K US coin weighs more than say a .999 Austrian Philharmonic.

 

No. What matters is the reliablilty of the issuer. The .9999 to infinity hype is just marketing.

 

Gold Bullion American Indian Buffalo

I like the 99.99 pure gold bullion American Indian Buffalo.

kindest regards,

B. Leon
www.zzantiquities.com
www.zzancientart.com

 

Exactly. Sure we all have our preferences but when it comes time to sell there won't be trouble selling either an AGE or a buff. Buff might bring a tad more but they cost more ($90 over spot compared to $40 over)... so you neither one is the wrong choice. You should have a few of both in your stash for a rainy day. I do.

I always recommend buying American gold but I also own gold from other countries. The point is ..it's all gold.

 

So ?

Buy something while a buck can be made.

 

If you might sell outside the US, consider tax laws. Don't take my word on this, but I seem to remember reading that some countries have better tax treatment for "investment" gold which is defined as meeting some purity standard. (Anyone who knows for sure, please jump in).

Gold is gold, but an investment is what other people will buy. If the market where you live has any preferences or prejudices, go along with them unless you're collecting for fun.

 

I just want to thank everyone. The discussion in this thread made me confident enough to pull the trigger on my first investment into metals. I made my decision (perhaps a few days later than I should but who knew?) and have purchased some Gold Buffalos in mint sheets and also some silver Australian Kookaburras (or something to that effect). Deal was done 30 minutes ago.

I will now spend some time better educating myself on the ins and outs of coin grading and trading to decide if it is something I wish to do or not. One thing is certain. These coins are a lot more liquid than my other collection passion - guitars. Sometimes hard to find that right buyer to want what you got there

 

WOOHOOO gooood choice! I love buffalos! you may even consider getting them graded if they look good.(easier to look at, hold, sell, etc) Either way, nice pick up, you wont be dissapointed.

 

welcome to the world of real money!
may i suggest this you tube video...
http://www.youtube.com/watch?v=z6NfXk7Bvc8&feature=related

 

Thanks Boxer and Tekhen. I guess I am actually adding to what I have since we have the wife's large gold jewelry collection and one double eagle coin I bought from a friend recently (which started this bug) and one Krugerand the wife gave me 20 years ago. But this is the first concious thught planned purchase