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<p>[QUOTE="panamagold, post: 702502, member: 20839"]I've recently decided to collect some gold coins. I have some general questions based on some of the things I've learned on the web and going to a couple of coin shops. I know some of my questions will be a little strange in nature, but please bear with me on my current paranoid line of thought brought on by reading some survivalist talk on other gold coin forums.</p><p><br /></p><p>1: Is it a bad time to buy gold? Of course, I'm not looking at gold at the top of the market. Maybe this is the wrong group to ask since you'll be a little biased, but I'd like some feedback on that question.</p><p><br /></p><p>2: Does it matter what gold coins I buy? I've seen a wide range in above melt value premiums on coins. I'm looking at buying gold more from a investment/dollar hedge point of view. If this is the case, does it really matter what coins I purchase? A couple key arguments I've encountered, </p><p>+ Better to buy US for IRA investing. They also accept 24k purity coins from English speaking countries. </p><p>+ English language coins since they are recognized and can be read.</p><p>People are familiar with oz. vs. grams ect...</p><p>+ U.S. coins will general have better values in the long run</p><p><br /></p><p>3: Should I buy fractional gold vs 1 oz. bullion? The fractional coins have terrible markups. However, they also give you the ability to easily divide your gold, sell less at a time if you want. Also from a survivalist point of view, if Armageddon gets here and you need to trade gold for goods, the fractional coins make better sense. What is your guys take on this keeping #2 in mind. I considered silver, but that has even higher markups than fractional gold!</p><p><br /></p><p>4: Is it safe to buy circulated coins? My main concern is gold loss. I don't know how much gold loss occurs from general circulation use. Is this something to be concerned about? Most coins I've seen in shops are in some sort of holder, either fancy plastic or cardboard with plastic window. </p><p><br /></p><p>5: How do you make sure you you're not getting ripped off without offending the dealer? I suppose weighing a coin helps you know if it's whole or not. However, is this improper etiquette?</p><p><br /></p><p>Any input would be much appreciated.</p><p><br /></p><p>Regards,</p><p><br /></p><p>Panamagold[/QUOTE]</p><p><br /></p>
[QUOTE="panamagold, post: 702502, member: 20839"]I've recently decided to collect some gold coins. I have some general questions based on some of the things I've learned on the web and going to a couple of coin shops. I know some of my questions will be a little strange in nature, but please bear with me on my current paranoid line of thought brought on by reading some survivalist talk on other gold coin forums. 1: Is it a bad time to buy gold? Of course, I'm not looking at gold at the top of the market. Maybe this is the wrong group to ask since you'll be a little biased, but I'd like some feedback on that question. 2: Does it matter what gold coins I buy? I've seen a wide range in above melt value premiums on coins. I'm looking at buying gold more from a investment/dollar hedge point of view. If this is the case, does it really matter what coins I purchase? A couple key arguments I've encountered, + Better to buy US for IRA investing. They also accept 24k purity coins from English speaking countries. + English language coins since they are recognized and can be read. People are familiar with oz. vs. grams ect... + U.S. coins will general have better values in the long run 3: Should I buy fractional gold vs 1 oz. bullion? The fractional coins have terrible markups. However, they also give you the ability to easily divide your gold, sell less at a time if you want. Also from a survivalist point of view, if Armageddon gets here and you need to trade gold for goods, the fractional coins make better sense. What is your guys take on this keeping #2 in mind. I considered silver, but that has even higher markups than fractional gold! 4: Is it safe to buy circulated coins? My main concern is gold loss. I don't know how much gold loss occurs from general circulation use. Is this something to be concerned about? Most coins I've seen in shops are in some sort of holder, either fancy plastic or cardboard with plastic window. 5: How do you make sure you you're not getting ripped off without offending the dealer? I suppose weighing a coin helps you know if it's whole or not. However, is this improper etiquette? Any input would be much appreciated. Regards, Panamagold[/QUOTE]
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