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Should I start buying coins instead when bullion prices are high?
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<p>[QUOTE="Gam3rBlake, post: 7418228, member: 115909"]I am a collector of both coins and precious metals.</p><p><br /></p><p>Lately the premiums for gold and silver have been outrageous.</p><p><br /></p><p>I’m wondering if now would be a good time to hold on bullion and focus on coins?</p><p><br /></p><p>Or should I just keep stacking?</p><p><br /></p><p>Just curious what others think. I feel really disheartened with these insane premiums since my original goal was to buy $200-$500 of gold &/or silver every month but on the other hand I am hoping that prices will go down once COVID is no longer a big issue worldwide and that hopefully people like myself will be able to buy 1 oz of silver for under $25 or 1 oz of gold for under $1700.</p><p><br /></p><p>I think the uncertainties and fear caused by COVID caused a lot of newcomers to flock to gold & silver and that all those new buyers are the reason premiums are so crazy.</p><p><br /></p><p>From what I’ve read precious metals prices tend to go up during times of instability, fear and uncertainty and tend to go down during times of peace and prosperity.[/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 7418228, member: 115909"]I am a collector of both coins and precious metals. Lately the premiums for gold and silver have been outrageous. I’m wondering if now would be a good time to hold on bullion and focus on coins? Or should I just keep stacking? Just curious what others think. I feel really disheartened with these insane premiums since my original goal was to buy $200-$500 of gold &/or silver every month but on the other hand I am hoping that prices will go down once COVID is no longer a big issue worldwide and that hopefully people like myself will be able to buy 1 oz of silver for under $25 or 1 oz of gold for under $1700. I think the uncertainties and fear caused by COVID caused a lot of newcomers to flock to gold & silver and that all those new buyers are the reason premiums are so crazy. From what I’ve read precious metals prices tend to go up during times of instability, fear and uncertainty and tend to go down during times of peace and prosperity.[/QUOTE]
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