Reply to Thread

Message:: [QUOTE="scottishmoney, post: 526820, member: 12789"]I approach gold from the standpoint that it is NOT an investment, it is strictly an insurance policy for asset protection.  No matter when, no matter where, gold has NEVER lost it's value.  It will buy food, safe passage, and security. As an insurance policy, think of it as like your life insurance, you have it, you don't think about it unless you or your heirs have to.  Don't sit and worry about what it is going to be worth next week, or next year.  Just sit on it. With buying gold now, the premiums are usually ridiculous on just about everything available.  Where I was buying $20 Libs and Saints a few years ago for 4-5% over spot, forget about that now, they are usually almost 20% over spot.  Bullion is often going for up to 10% over spot.  In other words, the time to buy may have passed unless you can eat the margin. I can still find coins that I will buy, but it maybe something inane like a $10 Olympic commemorative from the 1984 LA Olympics.  Usually those and a few of the $5 commems are all you are going to find that are close to spot.  They are not attractive coins, are common, and not collected as numismatic items but only for the bullion.  Similarly I bought several of the $20 Canada Centennial from 1967 commems a few months ago at under spot.  They are common coins, attractive, but not avidly collected as such.[/QUOTE]