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<p>[QUOTE="beef1020, post: 2463250, member: 24544"]Mostly reiterating what others have said, but I do find your cautious approach very reassuring.</p><p><br /></p><p>For me, you are taking two different and distinct ideas and mixing them together. I would encourage you to keep them separate. </p><p><br /></p><p>If you want some precious medal in your portfolio then I think old U.S. coins with no numismatic value, junk silver/gold, is a good way to get it. Be aware that you will have storage costs associated with physical gold that you won't have with paper gold.</p><p><br /></p><p>If you are interested in gold coins with numismatic value because you think you might be interested in collecting these coins good for you. But I would encourage you to think about this collection as totally and completely separate from any investment or retirement portfolio. </p><p><br /></p><p>Now, I am sure there are many people who start off doing the first and move into the second as they catch the collecting bug. But I certainly know that keeping my hobbies separate from my investments helps keep my bias and overspending in check. It's much to easy to rationalize numismatic coin purchases because it's an 'investment'. For me, collecting coins is a hobby, I use spending money only, and if I woke up tomorrow and all my coins were worthless I would not bat an eyelash.[/QUOTE]</p><p><br /></p>
[QUOTE="beef1020, post: 2463250, member: 24544"]Mostly reiterating what others have said, but I do find your cautious approach very reassuring. For me, you are taking two different and distinct ideas and mixing them together. I would encourage you to keep them separate. If you want some precious medal in your portfolio then I think old U.S. coins with no numismatic value, junk silver/gold, is a good way to get it. Be aware that you will have storage costs associated with physical gold that you won't have with paper gold. If you are interested in gold coins with numismatic value because you think you might be interested in collecting these coins good for you. But I would encourage you to think about this collection as totally and completely separate from any investment or retirement portfolio. Now, I am sure there are many people who start off doing the first and move into the second as they catch the collecting bug. But I certainly know that keeping my hobbies separate from my investments helps keep my bias and overspending in check. It's much to easy to rationalize numismatic coin purchases because it's an 'investment'. For me, collecting coins is a hobby, I use spending money only, and if I woke up tomorrow and all my coins were worthless I would not bat an eyelash.[/QUOTE]
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