Well guy's..this is just the beginning...this is why I have been buying AGE for years.... Reading all the reports and considering the National Debt, China, the War..and a multitude of other indicators, well I see the $$ of Gold going well beyond this mark. Stay tuned!! RickieB
I want to buy gold but it is expensive. Any suggestions as far as buying gold goes? Should I buy 1/10, 1/4 oz etc because it isn't much money or is saving for the entire ounce recommended more? Also, why are krugerrands lower in price than, let's say, Gold American Eagles for example. What recommendations do you guys have for a college student who doesn't have much money but wants to buy some gold for future security and because, hey, it's gold! Thanks.....
If I were you, I'd go with older gold coins. You can buy a lot of quarter eagles from the 1800's for the same price as a modern issue quarter eagle. The difference being, the older coin will always appreciate better because of it's historic value. there is about .0200 more gold in the newer issues, however. All in all, you won't go wrong with any type of gold coin....because in the end, gold is gold! Guy~
If the goal is the potential security that precious metals give you [no guarantees there by the way], buy whatever is least expensive at the time. Krugerrands are excellent for this purpose. If your budget doesn't permit buying 1 ounce, buy 1/10. If you can't afford gold, buy silver.
I wouldn't be happy if gold keeps rising. That only means our economy and country is becoming unstable. "Holding gold is protection or insurance against government’s proclivity to debase its currency. The purchasing power of gold goes up not because it’s a so-called good investment; it goes up in value only because the paper currency goes down in value. In our current situation, that means the dollar." So I pray it goes down!! not to load but as a sign of a better econmy!!!
The small 1/20, 1/10, etc size gold coins have SOOO much extra cost above the gold I would stay away. Excellent idea as stated is to buy some common $5 Indians and Libs. IMHO
I picked up a 1882 half eagle for $190 in XF. The 1881 $5 gold coin is also quite a deal due to high number minted. For my opinion this is the way to go. These coins have character. The AGE is just bullion, all look the same.
Dunno. Silver isn't moving much in this spike. Anyone can afford gold. Maybe not in coin form. A one gram bar of .999 is under $25. A good way to hold some pure 24 karat gold is in a 5 gram bar, Johnson-Matthey for about $120.
College man!! Don't buy gold!! Pick a viable major and graduate with honors, that's how you'll get a more secure future. If you've got extra cash, eat something! If you've still got money, go on more dates! Gold will still be for sale when you have real cash flow.
I think it would be easier to just buy a 1/10th ounce gold coin, and easier to resell. Owning 1 gram of gold isn't very satisfying compared to owning, say, two silver eagles.
