Hello. I am new to this forum. I found this excellent video on gold bullion coins. Do you think it's too late to get into this?
Just my opinion (not advice), it's not to late to invest in gold coins or gold bullion. Coins are usually more expensive because they have intrinsic value and they are also actual money (legal tender). Some bullion is shaped like coins but they're not really money, they're called "rounds". These are less expensive. They're all fun to collect. People are saying that the price will correct soon, so you might want to wait. But then again, what if it doesn't correct and the price keeps going up. To beat the odds, I purchase in small increments as the price goes up and down, it's dollar cost averaging. Really, I just buy it whenever I can afford it, accumulating over time. It's kind of addicting.
Investing in Gold bullion coins without good reputation or circulation can be quite risky. For now, I am not going to buy bullion from countries like Bhutan or Rwanda. Also, I prefer bars over coins if the quantity is above 1 Oz (So far I have none). I am hearing about "rounds" for the first time. Can you explain a little bit more?
Vest, you would like rounds because you like bars. They're the same thing, just round. Here's one... 1/2 oz APMEX Gold Rounds | Buy Gold Online | APMEX.com
Not quite sure of the difference between a round and a coin. Same shape. Is a 'coin' just referred to as the government minted 'rounds' in this case?
Got some answers from here: http://the-gold-market.blogspot.com/2009/03/silver-rounds-coins-medallions.html According to the source: "The basic difference between a coin and a round is that a coin is officially minted and is legal tender, while a round is not legal tender, and is usually privately minted."
You can invest in gold bullion coins like the American Eagle, Canadian Maple Leaf, Krugerrand, etc. These have a face value, however they are sold and valued by their gold value and gold weight, not their face value. I think that's what Ginger is referring to as 'rounds'. They are equivalent to assayed gold bars and available in sizes ranging from 1/20 to 1 oz. The other option is numismatic coins, which are gold coins that were legal tender and are now valued higher than their gold content because of their rarity. If you are merely looking to buy gold for an investment and hold the metal, bullion coins or bars are the least expensive way to do so. If you like to collect things for their collectible sake, then numismatic coins might appeal to you. Check out PCGS.com for information on all kinds of gold and silver coins. They specialize in grading numismatic coins and have charts with price values for the most common collectors coins.
So for how long have you been investing in gold/silver bullion? How much you have gained so far. Please guide us rookies on this business. I have only 2-3 years of experience in bullion investing. So far I have made good money. But at times I think I would have made a lot more if I had a little bit of advice from the experts.
Gold bullion coins are coins that were minted and are accumulated by investors strictly for their gold value. They have no collector value at all and they are not of interest to collectors.
A "round" is like a bar except it is shaped like a coin but as NO intrinsic or "collectors" value. A "coin" is valued at a premium because of the cost to mint it and its coin collector value. That is the difference.
