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<p>[QUOTE=&quot;pbryan, post: 527106, member: 10722&quot;]Obviously if you are investing in gold (or any other precious metal) buying as close to spot as possible is key.&nbsp; That basically excludes any product sold directly by the us mint.&nbsp; Bullion (no-mintmark) AGE&#039;s and ASE&#039;s produced by the mint but sold by dealers are sold much closer to spot and have some investment potential.&nbsp; Bars, rounds, and coins from other governments or private mints can fall into this category too.&nbsp; But do your homework on the ability to sell, and the goverment reporting requirements when selling (with some of these items, depending on quantity, a dealer is required to report your sale to the government and/or the IRS).&nbsp; </p><p><br /></p><p>There&#039;s also the question of do you purchase &amp; store your metals yourself, or purchase ETF&#039;s or other certificate sytle investments.&nbsp; I&#039;m not sure I fully trust the ETF&#039;s and paper, having a chunk of gold in your hand has some assurances that you actually own the gold, and Bernard Madoff&#039;s protege didn&#039;t just sell you a piece of paper for $1000/oz.&nbsp; However there come some risks too.&nbsp; Where can you safely store your investment and protect it from theft, fire, etc...</p><p><br /></p><p>Clembo brings up a good point with refining, especially when it comes to silver.&nbsp; I&#039;ve read and been told to always invest in .999 or finer silver.&nbsp; Most industrial applications of silver require pure silver.&nbsp; And since industry is by far the largest consumer, it&#039;s likely to be the ultimate buyer of your silver.&nbsp; Any silver needing refining will be worth less, and if you are selling silver at a time when many other people are as well, there could be backlogs at refinerys, causing the market value of less pure silver to drop.&nbsp; Buying and hoarding 40% and 90% silver coins for investment may not be the best approach.&nbsp;&nbsp; My understanding is that gold is less sensitive to this, obviously your 10K jewelry isn&#039;t investment grade, but the 22K AGE&#039;s shouldn&#039;t pose a refining issue.&nbsp; &nbsp; &nbsp; </p><p><br /></p><p>Overall, clembo said it best:</p><p>&quot;Do your homework&quot;</p><p><br /></p><p>and while reading this and other web forums is part of your homework, I&#039;d suggest getting some advice from real investment professionals as well (One of which, I am not)...</p><p><br /></p><p>--Paul[/QUOTE]</p><p><br /></p>

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