Discussion in 'Bullion Investing' started by NewbieDobbieDo, Jan 31, 2019.
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Before answering your question, what are you trying to accomplish? Would you just like to acquire some gold bullion or are you thinking of "investing" in gold? What bullion coin do you like better?
This hobby is really not a place invest your money. It's not a bad place to store some wealth, but if you're looking to invest, the stock market (ETF's, mutual funds, common stocks) is the place to be.
I like both designs. I own a reverse proof Gold Buffalo. I do not own any gold american eagles; however, one day, I will add one in proof to my collection.
Anyway, I started with that, then bought both AGE's and Buffalo's thinking both are good investments. I have since added a Burnished 08 Buffalo and a lot of Silver because of the Silver/Gold ratio...
So there it is from another newbie... I wouldn't mind buying some MORE Pre 33, but I dont buy the thing they say about Confiscation. If they take it, they are not going to allow you to keep older stuff out of kindness. Rare dates attract a premium and if you have the money, that is what the rich folk want... Spending 15K on one coin is easier to hide, or store than 10 buffalo's, or 789.47 Silver Eagles
Don't confuse collecting with investing.
This is very true. Hopefully my Investing will allow me to slowly turn into a collector.
Buffalo,s 24 Kt composition.
Actually a couple dollars cheaper at most online PM stores, for
Random dates, i have a couple of these, this one is the 2017
with 50 year Privy.
Sounds pretty easy to go from investing to collecting. Oh boy. Mrs. Doobie isnt going to like that.
The fractional,s are way to go, but remember you will pay a higher premium
For buying less then an 1 OZ.
I applaud your choice. Only because it's the design you like better. You can't go wrong with either, but if you like it, then you will enjoy it more.
Having a .999 fine Gold Coin in you hand is really cool. Let us know when you get it. I won't be surprised if this starts your interest in the hobby. Have you thought about buying a Proof version of the coin? If you don't buy a Proof Gold Buffalo, than think about buying a Proof Silver Eagle at the same time you order the gold buff. I think you'll like it.
@JPeace$ is sending. Your first gold purchase is like that first Lays potato chip. You can’t stop at one!..... Gold Fever is a real thing. I been fortunate and came into some good fortune back in the 1990’s. I bought all the old gold coins I could find because I never could afford them before. Fortunately for me, that was twenty-odd years ago and gold is a great deal more valuable now..... Gold is a purchase to be made for the long term. You will enjoy it much more looking at it that way. And if buffalo’s Tickle your fancy, have at em and enjoy your purchase.
999+ gold is more prone to scratches.
Gold Alloy coins (Gold Eagle, Krugerrand) are prone to copper spotting
For me, scratches are far more tolerable than copper spotting, so I prefer pure gold coins. But an authentic ounce of gold is an ounce of gold either way.
Yes, as long as the money holds out the dream can continue........LOL
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