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Should I buy 22K or .9999 fine gold?
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<p>[QUOTE="medoraman, post: 5476243, member: 26302"]Its a matter of who you sell it to. I would not melt down any coin, but if you invest in bullion, some day you will sell. That buyer could be a smelter. .999 is more valuable to smelters, since they can create other .999 items without paying to repurify, or it could be sold to a firm who needs .999 gold for specialty applications like gold circuitry. It simply has more potential uses in the future, so would be more valuable. You cannot simply melt down a double eagle and use it as is for many gold applications, it would cost money to purify.</p><p><br /></p><p>Personally, I do not think I own any .999 gold, just commenting on why a premium is justified. Are the Walkers or UHR 2009 issues .999?[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 5476243, member: 26302"]Its a matter of who you sell it to. I would not melt down any coin, but if you invest in bullion, some day you will sell. That buyer could be a smelter. .999 is more valuable to smelters, since they can create other .999 items without paying to repurify, or it could be sold to a firm who needs .999 gold for specialty applications like gold circuitry. It simply has more potential uses in the future, so would be more valuable. You cannot simply melt down a double eagle and use it as is for many gold applications, it would cost money to purify. Personally, I do not think I own any .999 gold, just commenting on why a premium is justified. Are the Walkers or UHR 2009 issues .999?[/QUOTE]
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