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<p>[QUOTE="JoeSmith, post: 637876, member: 18021"]I'm a Gold Bug. The main reason I own gold and silver is because they're real, whereas fiat paper money is make believe, and is backed by nothing. When we have total economic collapse, an EFT could be worthless. Gold and silver are the only things dollar cost averaging works with, because they can't go to zero. The "spot price" is really meaningless. What matters is what price can you buy, and what price can you sell. For the price of 9 one tenth ounce gold eagles you can buy 1 one ounce gold eagle. That would lead one to believe the 1 ounce eagles are better. But, when you sell tenth ounce eagles, you recover the premium you paid, so it doesn't really matter.</p><p><br /></p><p>I'd buy tenth ounce gold eagles, silver eagles, "junk" silver dollars and mercury dimes. I don't think $900 is expensive for gold. I expect it to go to $4,000 within 3 years.[/QUOTE]</p><p><br /></p>
[QUOTE="JoeSmith, post: 637876, member: 18021"]I'm a Gold Bug. The main reason I own gold and silver is because they're real, whereas fiat paper money is make believe, and is backed by nothing. When we have total economic collapse, an EFT could be worthless. Gold and silver are the only things dollar cost averaging works with, because they can't go to zero. The "spot price" is really meaningless. What matters is what price can you buy, and what price can you sell. For the price of 9 one tenth ounce gold eagles you can buy 1 one ounce gold eagle. That would lead one to believe the 1 ounce eagles are better. But, when you sell tenth ounce eagles, you recover the premium you paid, so it doesn't really matter. I'd buy tenth ounce gold eagles, silver eagles, "junk" silver dollars and mercury dimes. I don't think $900 is expensive for gold. I expect it to go to $4,000 within 3 years.[/QUOTE]
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Newbie here, looking for guidance buying bullion as investment
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