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Re: Gold Bullion Bars vs. Coins
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<p>[QUOTE="fatima, post: 1557199, member: 22143"]I think before you can find your answer to what to buy, you need to answer this for yourself.</p><ol> <li>Why are you buying physical gold?</li> <li>What is your plan to liquidate your physical gold holdings?</li> </ol><p><br /></p><p>I realized you stated in your OP that you wanted to diversify but this isn't the answer to question #1. You could buy a paper gold investment if this is all that you wanted to do. Why do you want to hold <u>physical</u> gold? There are a lot of various answers to these questions for individuals ranging from "I fear hyper inflation", "I want assets off the grid", "Just because", "zombie apocalypse", etc. Likewise, are you planning to sell your holdings in bulk at some point, or do you plan to wander into a pawn shop to sell small amounts to avoid Mr. Tax Man. (I'm not giving legal advice so nobody lecture me.) </p><p><br /></p><p>You have to answer these questions before you can decide between bars and/or coins, and the denominations. Once you do, the rest becomes obvious.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1557199, member: 22143"]I think before you can find your answer to what to buy, you need to answer this for yourself. [LIST=1] [*]Why are you buying physical gold? [*]What is your plan to liquidate your physical gold holdings? [/LIST] I realized you stated in your OP that you wanted to diversify but this isn't the answer to question #1. You could buy a paper gold investment if this is all that you wanted to do. Why do you want to hold [U]physical[/U] gold? There are a lot of various answers to these questions for individuals ranging from "I fear hyper inflation", "I want assets off the grid", "Just because", "zombie apocalypse", etc. Likewise, are you planning to sell your holdings in bulk at some point, or do you plan to wander into a pawn shop to sell small amounts to avoid Mr. Tax Man. (I'm not giving legal advice so nobody lecture me.) You have to answer these questions before you can decide between bars and/or coins, and the denominations. Once you do, the rest becomes obvious.[/QUOTE]
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