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<p>[QUOTE=&quot;JIMV, post: 344882, member: 11853&quot;]Rono, the problem with this very good advice is that it assumes an investor with a LOT of money. Say one has $100K to invest, using his 3-5% in precious metals, one is speaking of say $5K in metals, or about 5 Double Eagle coins...That is a nice bit of gold but really not enough to mitigate the market drops or inflation pressures we are seeing.</p><p>&nbsp;</p><p>If one is like me, somene who has a few hundred a month to invest, sticking to gold coins makes more sense, as I can buy one every month.</p><p>&nbsp;</p><p>Another issue is taxation...the government loves our money and fully expects to steal as much of it as they can. If you buy gold in the form of stocks and mutual funds, the government has a record of your transactions and WILL get their cut. If you buy and sell coins in a small way as a hobby, as most of us do, they have no record. As they have done nothing at all to merit my gain and will not give me a dime in credit if I lose money on the exchange sometime in the distant future, I preffer to own my modest investment in the form of gold coins.</p><p>&nbsp;</p><p>In short, do ot confuse a hobby with an investment strategy. In the latter one needs a lot of money and the government eats your profit. In the former, you are collecting interestng coins that happen to have a bit of value.[/QUOTE]</p><p><br /></p>

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