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Re: Gold Bullion Bars vs. Coins
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<p>[QUOTE="sridhar3, post: 1557236, member: 41663"]1. Physical gold is tangible, a characteristic which lends itself to a personal sense of security. I understand the drawbacks to physical gold (risk of theft, eventual need for a safe/safety deposit box, etc.). Zombie apocalypse and anarchy notwithstanding, aside from security of having something readily at hand, to some extent it probably has (at least to an extent) something to do with the romanticism attached to the concept of physical ownership of a valuable natural resource. Couldn't a similar argument be had with regards to cash vs. bank accounts vs. stocks/bonds vs. futures etc.?</p><p><br /></p><p>That said, the reason I didn't mention ETFs, futures, mining companies etc. is because I didn't think it was an appropriate discussion topic in the Bullion forum. That doesn't mean I won't invest in those things too. I plan to set a budget and then diversify on all fronts, dividing a predetermined amount between a variety of investments.</p><p><br /></p><p>2. I'm not entirely sure on how I would liquidate, as it's impossible to predict what the future holds for us. The point to having physical gold is more for the, "What happens if..." contingency. If the national power grid goes down secondary to aliens, zombies, terrorism, etc., paper investments will largely be irrelevant. But there also wouldn't be internet, so eBay, APMEX, Provident, etc. would also no longer be relevant. If the world ended, would somebody working at a pawn shop still keep working at a pawn shop? Will gold even be worth anything? Would humanity move over to a barter system? Who's to say? On the other hand, if the place where the gold is stored gets robbed or catches fire, short of storage in an everything-proof safe, the physical gold is probably gone.</p><p><br /></p><p>So I guess the most apt answer is that I don't know how I'd liquidate. Would I be better off investing my money in guns and ammunition?</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Thanks! All good reasons. Any reason for Leafs specifically (as opposed to other types of coins)?</p><p><br /></p><p><br /></p><p><br /></p><p>I think this is solid advice. At this point, I'm leaning towards sticking with rounds. I'm not sure how I'll split between AGEs, Buffalos, Leafs, Krugerrands, but that's an easier decision (I'll probably entirely forgo Pandas and others). Do you think that BioEtOH's breakdown on fractionals is appropriate, or do you have a different suggestion with regards to how one should go about distributing between different weights?</p><p><br /></p><p>Will stay away from bars to start. Knowledge and ideologies regarding bars seem nebulous at best.</p><p><br /></p><p>With regards to AGEs vs. Buffalos: They're both one troy oz. of gold, right? The only thing they differ in is metal purity? Is there any pragmatic (read: non-theoretical) logistical reason to buy one over the other?[/QUOTE]</p><p><br /></p>
[QUOTE="sridhar3, post: 1557236, member: 41663"]1. Physical gold is tangible, a characteristic which lends itself to a personal sense of security. I understand the drawbacks to physical gold (risk of theft, eventual need for a safe/safety deposit box, etc.). Zombie apocalypse and anarchy notwithstanding, aside from security of having something readily at hand, to some extent it probably has (at least to an extent) something to do with the romanticism attached to the concept of physical ownership of a valuable natural resource. Couldn't a similar argument be had with regards to cash vs. bank accounts vs. stocks/bonds vs. futures etc.? That said, the reason I didn't mention ETFs, futures, mining companies etc. is because I didn't think it was an appropriate discussion topic in the Bullion forum. That doesn't mean I won't invest in those things too. I plan to set a budget and then diversify on all fronts, dividing a predetermined amount between a variety of investments. 2. I'm not entirely sure on how I would liquidate, as it's impossible to predict what the future holds for us. The point to having physical gold is more for the, "What happens if..." contingency. If the national power grid goes down secondary to aliens, zombies, terrorism, etc., paper investments will largely be irrelevant. But there also wouldn't be internet, so eBay, APMEX, Provident, etc. would also no longer be relevant. If the world ended, would somebody working at a pawn shop still keep working at a pawn shop? Will gold even be worth anything? Would humanity move over to a barter system? Who's to say? On the other hand, if the place where the gold is stored gets robbed or catches fire, short of storage in an everything-proof safe, the physical gold is probably gone. So I guess the most apt answer is that I don't know how I'd liquidate. Would I be better off investing my money in guns and ammunition? Thanks! All good reasons. Any reason for Leafs specifically (as opposed to other types of coins)? I think this is solid advice. At this point, I'm leaning towards sticking with rounds. I'm not sure how I'll split between AGEs, Buffalos, Leafs, Krugerrands, but that's an easier decision (I'll probably entirely forgo Pandas and others). Do you think that BioEtOH's breakdown on fractionals is appropriate, or do you have a different suggestion with regards to how one should go about distributing between different weights? Will stay away from bars to start. Knowledge and ideologies regarding bars seem nebulous at best. With regards to AGEs vs. Buffalos: They're both one troy oz. of gold, right? The only thing they differ in is metal purity? Is there any pragmatic (read: non-theoretical) logistical reason to buy one over the other?[/QUOTE]
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