Planning to buy 5 oz or so of gold for my son within the next few months. I'll probably grab an Eagle, a couple pandas and a couple Australian kangroo's. Wondering if now is a good time to go for it with spot at $1190? Was hoping to hold out to see if it drops below $1100. Last time I bought at $1400 so that burned me a bit. Any opinions?
I like the old stuff. You can usually buy it at the spot gold price, and it's from the last century, so why not? I have some Russian coins, some US gold, California, etc. Since it's the same price or less, why not go for the older stuff?
Definitely true. Might look into that. I'll have to look around for a coin show I guess. I'm trying to give my son a gold coin every time he loses a tooth but he's losing them quicker than my wallet will allow. Figuring he'll at least have enough for a halfway decent car when he's older if I can keep up.
If you need more coins per ounce, I agree with older gold. Go for things like French 20 or 10 Francs. A 20 Franc is about a fifth of an ounce, and you can find them around spot. I picked up a 10 and 5 franc recently the dealer happened to have lying around.
when i talk to dealers at the coin show i can usually track down a one oz st gaudens or american gold eagle for around $50-80 over spot unabused
I would buy five pamp bars from apmex on eBay for $1,195 each. If you have descent credit and a good card that's an in your pocket price below spot.
