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<p>[QUOTE="InfleXion, post: 1384317, member: 29012"]Kudos to you for thinking about your future, mizozuman2. There are many things to consider when investing in coins. For one, if and when you plan to sell you will need to pay capital gains tax, so keep receipts for all purchases and sales so you can accurately claim that, and not have to worry about the IRS which can be a real pain. Keep in mind that to break even on a sale you will need spot price to rise about $5 bucks since you will buy for over spot and often sell for less than spot, so investing for the long term is the way to go if you are interested in precious metals. There is no guarantee they will outperform other asset classes, but the one thing they do provide is the promise that they will always have some level of value no matter what. They can't go to zero like paper assets can. </p><p><br /></p><p>I have posted numerous times around here that I think silver is the best investment, primarily because it has very little supply above ground, the lowest in 7 centuries, less than a year's worth of mining supply, and mining supply does not meet total demand. As for whether coins or bars, I prefer coins because they are easier to test for counterfeiting and have nice designs, but if you like bars go for Johnson Matthey or Engelhard since they have serial numbers and will keep their premiums. In both cases I am referring to 999 fine bullion. I also like 90% US coinage but prefer the better purity stuff. 1 oz of silver right now is slightly more than your monthly allowance. </p><p><br /></p><p>While I do like gold and platinum, I like silver better since it is a monetary metal and its industrial demand its will continue to rise, where as gold has no industrial demand and platinum is used in special cases. Silver however is the best thermal conductor of any metal, best semiconductor of electricity, and most reflective metal. It's not just the best metal for these technological uses, but it's also better than anything man made, and it is a finite resource that can only be created by a supernova.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1384317, member: 29012"]Kudos to you for thinking about your future, mizozuman2. There are many things to consider when investing in coins. For one, if and when you plan to sell you will need to pay capital gains tax, so keep receipts for all purchases and sales so you can accurately claim that, and not have to worry about the IRS which can be a real pain. Keep in mind that to break even on a sale you will need spot price to rise about $5 bucks since you will buy for over spot and often sell for less than spot, so investing for the long term is the way to go if you are interested in precious metals. There is no guarantee they will outperform other asset classes, but the one thing they do provide is the promise that they will always have some level of value no matter what. They can't go to zero like paper assets can. I have posted numerous times around here that I think silver is the best investment, primarily because it has very little supply above ground, the lowest in 7 centuries, less than a year's worth of mining supply, and mining supply does not meet total demand. As for whether coins or bars, I prefer coins because they are easier to test for counterfeiting and have nice designs, but if you like bars go for Johnson Matthey or Engelhard since they have serial numbers and will keep their premiums. In both cases I am referring to 999 fine bullion. I also like 90% US coinage but prefer the better purity stuff. 1 oz of silver right now is slightly more than your monthly allowance. While I do like gold and platinum, I like silver better since it is a monetary metal and its industrial demand its will continue to rise, where as gold has no industrial demand and platinum is used in special cases. Silver however is the best thermal conductor of any metal, best semiconductor of electricity, and most reflective metal. It's not just the best metal for these technological uses, but it's also better than anything man made, and it is a finite resource that can only be created by a supernova.[/QUOTE]
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