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<p>[QUOTE="Cloudsweeper99, post: 112847, member: 3011"]Don't buy Newmont Mining stock if you want gold. Newmont is a company, not gold, with all of the additional analytical problems that come with owning stock in a company. The gold ETFs, GLD and IAU are "paper gold" and more suitable if you want to go that route. I wouldn't be overly concerned with gold coins declining in price if you intend to hold them for ten years. There are a lot of people who think that because gold has traded within a well defined range for a fairly long time that this is predestined to continue. This is a low probability bet at the present time.</p><p><br /></p><p>Don't worry too much about which gold coin you buy. You've already made a pretty good decision in choosing gold coins in the first place. Don't get too fixated on completing a set of something, such as every 1/10th ounce coin. As you point out, there is a lot to choose from, and buying one example from each major country minting gold coins can be a pretty nice set to have, and would be very easy to sell if you choose to do so someday. You can also throw in a couple of the pre-1933 gold coins as your budget permits.</p><p><br /></p><p>Good luck and have fun. If it isn't fun, you are doing it wrong.</p><p><br /></p><p>Everything written above is my personal amateur opinion, and keep in mind that your opinion is just as good or better.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 112847, member: 3011"]Don't buy Newmont Mining stock if you want gold. Newmont is a company, not gold, with all of the additional analytical problems that come with owning stock in a company. The gold ETFs, GLD and IAU are "paper gold" and more suitable if you want to go that route. I wouldn't be overly concerned with gold coins declining in price if you intend to hold them for ten years. There are a lot of people who think that because gold has traded within a well defined range for a fairly long time that this is predestined to continue. This is a low probability bet at the present time. Don't worry too much about which gold coin you buy. You've already made a pretty good decision in choosing gold coins in the first place. Don't get too fixated on completing a set of something, such as every 1/10th ounce coin. As you point out, there is a lot to choose from, and buying one example from each major country minting gold coins can be a pretty nice set to have, and would be very easy to sell if you choose to do so someday. You can also throw in a couple of the pre-1933 gold coins as your budget permits. Good luck and have fun. If it isn't fun, you are doing it wrong. Everything written above is my personal amateur opinion, and keep in mind that your opinion is just as good or better.[/QUOTE]
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