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<p>[QUOTE="brightspirit1, post: 2470020, member: 31437"]Here are answers to your questions (just my opinion)....but I have quite a bit of bullion which I have purchased over the years (since the mid eighties when gold was around $275).</p><p><br /></p><p>I think that it is best to buy bullion like eagles, maple leafs, etc. With the growing issue of counterfeit coins, selling commercial bullion may be difficult in the future. FV silver coins are definitely picked over and are of poor quality. Many are worn very thin and, remember, if you sell, it will be most likely by weight, not FV.</p><p>Numismatic coins are great, but do it as a collector, not an investor.</p><p><br /></p><p>Precious metals fluctuate wildly. My advice if you are buying, pick a price you are comfortable paying and buy in small amounts over time. This target price will likely change over time. There was a time when I never would have dreamed of paying more than $500 for an ounce of gold or more than $10 for silver. I just bought some maple leafs when silver was around $15 and was very happy with the price.</p><p><br /></p><p>I believe precious metals should be part of a diversified portfolio (and a relatively small percentage at that). If you want to invest to make money over the long haul, I would go with good mutual funds that invest in the stock market.</p><p><br /></p><p>Finally, forget the ads and predictions. There are just too many variables in the world markets, including current events, that are impossible to predict.</p><p><br /></p><p>Bottom line: Diversify your investments and invest over the long haul.[/QUOTE]</p><p><br /></p>
[QUOTE="brightspirit1, post: 2470020, member: 31437"]Here are answers to your questions (just my opinion)....but I have quite a bit of bullion which I have purchased over the years (since the mid eighties when gold was around $275). I think that it is best to buy bullion like eagles, maple leafs, etc. With the growing issue of counterfeit coins, selling commercial bullion may be difficult in the future. FV silver coins are definitely picked over and are of poor quality. Many are worn very thin and, remember, if you sell, it will be most likely by weight, not FV. Numismatic coins are great, but do it as a collector, not an investor. Precious metals fluctuate wildly. My advice if you are buying, pick a price you are comfortable paying and buy in small amounts over time. This target price will likely change over time. There was a time when I never would have dreamed of paying more than $500 for an ounce of gold or more than $10 for silver. I just bought some maple leafs when silver was around $15 and was very happy with the price. I believe precious metals should be part of a diversified portfolio (and a relatively small percentage at that). If you want to invest to make money over the long haul, I would go with good mutual funds that invest in the stock market. Finally, forget the ads and predictions. There are just too many variables in the world markets, including current events, that are impossible to predict. Bottom line: Diversify your investments and invest over the long haul.[/QUOTE]
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New to the idea of investing... a couple quick questions to clear up?
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