Never thought about that. I was leaning towards coins but do not have any idea really. Thanks for your input.
Are we talking about natural gold nuggets folks? I don't think it is a good idea. For sure it is exotic. But it also contains very many impurities in it, and may not be even 12K pure. Gold coins, on the other hand, can be up to 99.9% pure. If I was a collector of minerals, then nuggets would be a prized possession, else I'll probably give it a go.
I agree, coins from a reputable mint (like Eagles) or even bars from Pamp Swiss are recognized as being 24k pure gold. This makes them much easier to sell down the line. The purity of a nugget will be hard to verify for a potential buyer.
There will be geologists and such people obsessed with the naturally occurring forms of gold, like nuggets. But I agree with you that finding such buyers will be very hard. But I have seen many instances where natural gold nuggets got sold for more than 10 times their metal value, just because some crazy collector thought that they are exotic.
The heading can be a bit confusing for Australians. One of my friends who lives in Australia told me that the gold bullion coin of Australia is known as "Gold nugget" (I am not sure, as I have heard something like Gold Kangaroo also). However I like the post by Judgea. If you have the money, then go for the 10 Oz bars. Quite hefty investment which can last for many decades!
No doubt about that, but they cost at least $5,250 apiece. What about those guys who are not having that sort of money to start with? Well... if you have 5 grand in your hand, then it is a very good option to go for 100 g bars. Perth Bullion Mint is a very good option. http://www.perthmintbullion.com/au/Buy-Gold-Bars/100g--Minted.aspx?productId=103 KITCO also offer 100g bars, but I don't have any review / feedback on them yet. https://online.kitco.com/bullion/gold/product_box_gold_mintbar_100g.html
What is the best form of gold to purchase when getting started? It sounds like coins or bullion are much better than jewelry. What are the best options for storage? I have friends who use a safety deposit box, but I've also heard some investors prefer a home safe.
The U.S. Mint also produces a second gold bullion coin which was unveiled in 2006: the American Buffalo gold bullion coin. The Gold Buffalo was modeled after the famous Buffalo nickel which was popular in the first half of the 20th century. The Gold Buffalo differs from the Gold Eagle in its design and, more importantly, its precious metal purity.
I think American Buffalo gold bullion coin is 99.99% pure. The gold eagle, I think is only 91.67% gold. (The remaining is mostly Copper and Silver). So one should be careful about the metal value while buying the eagle coins. I think 24K coins are much easier to sell compared to the 22K ones.
They are both really great they both have there pros. The coins can be sold to coin collectors or investors or a scrap dealer. The nuggets can be sold to a geologist or a gold scrap dealer. The choice is yours but I personally like coins because they are recognizable and they are 1 troy oz unlike nuggets which will have a very odd number of troy oz's in them.
