How do yall go about acquiring gold? Do you only buy 1 ounce coins or do you also buy fractionals such as 1/10, 1/4, 1/2, etc?
Howdy, American Eagles come in the 4 basic sizes - 1, 1/2, 1/4 and 1/10 oz. They're very popular here stateside. Some folks like to go with the 1 oz size. This can get expensive at these prices but also, there is something to be said about having a tube of 1/4 oz. or sovereigns or swiss francs. The foreign stuff is great and some is gorgeous. Some folks will try to get a sample from as many different countries as they can. This is something like collecting silver crowns (the silver dollar sized coins from countries that often had a monarch on the obverse). With most of the newer bullion coins, you can even get fractional sizes and still collect a type set of world gold. I'm also a big fan of getting something that I like the looks of. But do a search for pandas, libertads, britannias, philharmonics, etc. peace, rono
I personally like, and collect, as many sizes as I can find. It's just interesting to look at different styles and sizes of coin and bullion. I have bullion as small as a 1/25oz Disney set up to 1oz coins. At the end of the day, it's really all about what you like.
It's been said elsewhere, but I would avoid the 1/10 oz coins. They carry such a high premium. If you only want to spend that much money better off getting silver. I have a couple 1/4 oz Maples in sealed packaging that I'm very happy with. I'd like to get a 1/2 oz and a 1 oz at some point as well. Generally I am staying out of gold until the g/s ratio gets below 20 at which point I will swap some silver into gold unless the price is falling (ratio going that low assumes silver continuing upward), and if it goes down I'll just buy more silver.
This is the key. Get what you like. Me Personally I like commemoratives. So I've been getting the First Spouse gold coins. If I just get the UNC's that would be about 2 oz per year. That is enough gold for me. Plus they are each different and interesting. I do agree that fractionals are a bad idea for general bullion.
ETF , options, or futures , like GLD if you are a trader / speculator. If an accumulator, gold 1/2 or 1 ounces US gold coins, AGE,etc. If a survivalist, 1/20 , 1/10 , remember you are thinking the $ will be worthless, so you would be better to barter with smaller quantities, and you wouldn't worry about the premiums. IMO. Jim
I was going to buy 20 1/10 oz gold coins until I realized how much money I was going to lose after the dealer told me it would be better if I would purchase 2 1 oz gold coins. That was my first gold purchase. I was the kid playing Monopoly that would hoard all the $1, $5, $10, and $20 bills just because it made me look like I had more than I did.
