Discussion in 'Bullion Investing' started by vest007, Jul 31, 2013.
Definitely a nice coin!! With gold prices down I'm able to buy again!! [emoji4]
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Mexican .999gold Libertads 1oz, 1/2oz, 1/4oz, 1/10oz & 1/20oz.
I own a 1oz gold proof which is one of my favorite gold coins.
https://www.hardassetsalliance.com/...-reasons-most-investors-overlook#.Vhaq47RViko), but is that true for both coins and bars?? If anyone could clear that up for me, I’d really appreciate it.
Though you have to consider the different premiums and the ease of selling and buying different coins or bars.
As long as you stay within the 1oz modern bullion gold coins (Kruger, Maple, AE, Vienna Philharmonics) they are a great choice with a premium of under 5%, often even lower.
Gold bars (for me at least) start with 100g, the smaller sizes often have higher premiums as 1oz bullion coins.
The 100g gold bar is the most sought-after gold bar for private investors, because it is more affordable than 250g, 500g or even the 1kg gold bars.
At the end of the day, gold as an investment in the precious metal itself follows the rule: Gold is gold.
So buy it as cheapily as possible.
Better liquidity in coins, since there are more buyers/sellers for them than for bars. Unless you are in Switzerland.
Remember, gold can go up or down based on lots of factors so make sure it's not your investment or security capital.
Would be interesting to know....maybe the World Gold Council ?
Well I got this from a few Google Searches:
American Eagles: Looks like production of the 1-oz. is always several hundred thousand per year, with peaks well over 1 million. Recent years closer to 3/4 million or more. Great liquidity in these coin:
Chinese Pandas: Looks like production of the 1-oz. is up to 500K-1 MM a year, up from much smaller figures years earlier:
Austrian Philharmonic: Looks like production of the 1-oz. is 500K, with more during the Credit Crisis when Europeans bought more gold:
Good chart for gold prices, 1900-2015:
Canadian Maple Leaf: Looks like production runs about 750K - 1.1 MM last few years, after only being a few hundred thousand 10-15 years ago.
South African Krugerrand: Prooduction runs about 600K per year. In the early-1980's they set the record as a few times they eclipsed 3 MM coins.
It appears that other coins are really niche products. The Mexican Libertad produces usually 10K - 20K coins per year.
If I remember correctly I think it's being called a metric ounce
Actually, the 2016 30 gram gold Panda is less than an ounce.
From PNG Web Site:
Actual Gold Weight: 0.9645 oz. AGW
Hence the "metric ounce" designation. It's like a metric ton which isn't the same weight as a regular ton.
I would not buy a 30 gram gold Panda based on the fact that its less than a Troy ounce.
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