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So I inherited $5000 and I want to buy silver and gold coins... what would you recommend?
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<p>[QUOTE="Cringely, post: 2177727, member: 22271"]the one thing you have to remember is that gold and silver bullion are commodities and are subject to not-insignificant price swings over a medium term (few year) basis. And this swings are not predictable. There are lots of gold and silver bugs who will tell you that precious metals are a hedge against inflation, but plot precious metal prices against inflation—you will see that the curves do not correlate in any meaningful manner.</p><p><br /></p><p>If you are wanting to use your $5,000 as an investment, buy a key coin in a series that has <i>lots</i> of collectors. No modern coins, especially if you are trying for condition census coins. Be sure that the coin is slabbed by PCGS or NGC and defiantly get a CAC approved coin. Then hold onto it for a decade (and then compare its/their value against the rise/fall in bullion prices).[/QUOTE]</p><p><br /></p>
[QUOTE="Cringely, post: 2177727, member: 22271"]the one thing you have to remember is that gold and silver bullion are commodities and are subject to not-insignificant price swings over a medium term (few year) basis. And this swings are not predictable. There are lots of gold and silver bugs who will tell you that precious metals are a hedge against inflation, but plot precious metal prices against inflation—you will see that the curves do not correlate in any meaningful manner. If you are wanting to use your $5,000 as an investment, buy a key coin in a series that has [I]lots[/I] of collectors. No modern coins, especially if you are trying for condition census coins. Be sure that the coin is slabbed by PCGS or NGC and defiantly get a CAC approved coin. Then hold onto it for a decade (and then compare its/their value against the rise/fall in bullion prices).[/QUOTE]
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So I inherited $5000 and I want to buy silver and gold coins... what would you recommend?
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