Just started my PM coin journey today !

Not sure what most of the other CT members think of the 1/10 ounce approach
to collecting and investing in gold and in this case Platinum to , even though i did buy a 1 gram gold bar last week.

am getting all geared up to expand this way, just more affordable then trying to
save up for a larger size and plus its more on the scale of a 10 OZ bar what i have
been buying lately, today ordered a red tube holder which fits 20 1/10 OZ Gold
and bought the same with a black cap for the Platinum and bought a coin for each
so i am excited to get started !!

 

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It's fun to start a gold and platinum collection. Congrats !!

 

The best to you in this new endeavor. I also just purchased my first 1/10th Platinum and 1/10th Palladium a couple days ago.

 

Congrats to both of you. May your stacks grow like weeds.

 

I just got a $5 gold piece at the TNA show =)

 

Was that in coin form ? if so where did you get it ?

 

The exact coins were the 1/10 oz Krugerrand and the APE, i chose the Krugerrand
even though there is a premium over the AGE, just because i think it is a more
Popular issue for investment purposes.

 

I love opening up my box of silver coins and admiring all of the different 1-ounce designs! Its truly amazing what they are minting, especially with the koalas, pandas, and kookaburras!

 

i find myself holding this allot its a real handful !!

 

I like the way this particular bar actually spell how many OZ,S are in a KILO
Now i know 32.15 OZ,S

 

I am sooo embarrassed. I was thinking about 2 1/10th ounce gold I purchased. Canadian Wolf's. Please forgive my error. I picked up a 1 gram platinum and three one gram Palladium bars. Pamp Suisse. Off the Bay.

 

I was looking for Palladium but couldnt find any bars will go ahead and try and find
some, Thanks for the info

 

nothing wrong with buying gold, even in small amounts. makes more sense than buying just silver

 

Actually, 32.1505. It can make a difference if you are talking gold.

 

It does add up

 

Thanks for the clarification but I doubt if I will be buying a kilo of gold anytime soon...LOL

 

Whether your buying Gold, Silver, Platinum, or any other PM, you need to watch the market pretty closely as an Investor. If your purchasing PM's as a Collector, you still need to be aware of market prices, but your purchases as a collector will probably, (and usually), cost slightly more.

If you have the funds to purchase PM's as an investor, and you have a way to sell them when the prices go up, then by all means go for it. However, I would inform you, that this is a very risky business, and you can loose your shirt really quickly if you're not careful, and you don't have the right business plan.

If your purchasing PM's as a collector, you will generally be getting items that are of particular interest to you. These items can be passed down to future generations, and can easily be worth much more then what you purchased them for. Then again, the items could be worth less in value, but 100 times more in significance, to those you leave them to.

It all comes down to the size of your wallet, and/or your collecting or investing interests. Precious Metals will always have value, whether as an investment, (which you will have to wait for), or as a collection, (for the significant value). How you decide to categorize them, is totally up to you, and how much you want to spend.

 

There is another option you did not consider. Certainly there are investors and there are collectors. But there are also hedgers. I don't expect an investment return from my PMs but I do expect that they will become a long term hedge against inflation and potential financial crises. I leave other things to investment.