Re: Gold Bullion Bars vs. Coins

Not sure what you mean i have been to europe never had any issues with non 24K coins, in fact few notables bullions' like Britannia are 22k.

 

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I started collecting AGEs and AGBs in 2008 or 2009. I remember reading there was a disadvantage w/ the AGEs because of 22K.
Some EU countries didn't like them because of 22K. Sorry but I don't remember the details so I shouldn't have posted anything.

Mike

 

I don't see any advantage to owning maples over AGE

 

AGEs, British Britannia & Soverign , & Krugerrands are gold alloy to more or less match the composition of gold coins back when they were used as currency. It makes them more durable. They are recognized globally so I don't think there is any issue with them.

 

So one user posits that the Buffalo is not well-known enough, and another says the AGE isn't well recognized in Asia.

 

If it's real gold I really wouldn't worry too much what kind of coin it is

 

Was just replying to another post, i would recommend AGE's in your case and perhaps go for fractional. Grab them slowly and whenever the PM prices are attractive.

 

Sounds good. Thanks for your input, everyone. Looks like I'll go with mostly AGEs, 1/10 and 1 oz. to start, but I'll get a few of the other foreign bullion rounds as well. I appreciate everybody who's taken the time out to reply!

 

HUH?? the guy just wants a little bullion

 

I do my own Home Work, I don't need to be paying anyone for advice, it's my money and I'll use my brain power to spend it. I've seen a lot of people taken by these so called "experts"
Bill Collector

 

"Ounces vs. fractionals and coins" : This is NOT for your IRA, I presume. So 1 Oz. Cdn Maples or whatever coin w/ the lowest premium. (The Americanist bias of many here is unfortunate but understandable.) Why wouldn’t you buy whatever's best condition with the LOWEST possible premium?

Best places to buy: My clients have had excellent experiences with APMEX, terrible experiences with Tulving, and I don’t think eBay is worth any small savings for the RISK. Far better than eBay - a trusted local coin dealer with a solid rep, offering fair premiums (hey: s/he has to pay rent, salaries, elec bill, etc.) No opinion on the others.

A bigger question - and where I may be wrong - is market timing. I think we may see POG decline for a few months, so a better buying opportunity might be April. Again: I admit in advance and without reservation I could be TOTALLY wrong on that hunch.

Dollar-Cost averaging on any -10% retrace is another way to relatively 'pay less' over time. fwiw

Good luck!

 

I should also qualify my opinion - I don't think of PMs as an "investment" but rather a currency and Paper HEDGE. From a professional standpoint, an "investment" clearly implies capital appreciation and or income/dividends/yield. Bullion/coin offers nothing to those expectations and entails a NEGATIVE CARRY COST. If you have Paper investments (stocks for capital appreciation; bonds for yield) the most important - really, to my thinking THE ONLY - purpose for PMs should be real asset preservation or savings.

A 'catastrophic insurance policy' shouldn't be anywhere close to your biggest bet (35% PM allocation of investable assets to bullion) unless you're
a) older
b) ultra-conservative
c) net worth >$1 mln investable assets AND
d) have predictable solid income

I also favor diversification among the PMs: consider Platinum, Palladium, Silver and even Rhodium (Baird Mint's recent ingot.) Anything you are "playing" should NEVER be bought as bullion - use the ETFs for short- or intermediate-term sector/trend allocations (anything less than 10 years holding.)

Another peculiar but often-ignored reason to hold bullion or coin (circumstance): when traveling abroad, if you lose your wallet but keep a coin stashed in your luggage - that Gold can be an emergency financial life-saver!

 

That is absolutely absurd and could not possibly be true. No reasonable person could accept that logic.

 

That's one of the reasons I said that I've seen a lot of people taken by these so called "experts"
Bill Collector ​

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