What to buy?

I like those. I did the math and if im correct the premium is around 76 an ounce which is about the same as the AGE. Are the smaller denominations easier to liquidate?

 

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Probably won't matter if you are selling to a dealer, but if you are making a private sale it should be easier to liquidate.

A couple other good options for gold would be the 1 oz gold kangaroo for about $45 over spot. It's a one ounce coin but you are paying a very low premium and perhaps at some point the premium over spot could appreciate.

http://www.providentmetals.com/2013-1-oz-australian-gold-kangaroo-coin-perth-mint.html

or 1 oz perth mint bar for $35 over spot.

http://www.providentmetals.com/perth-mint-1-oz-gold-bar-with-assay-card.html

or a 10 gram perth mint bar for only about 50 over spot per OZ (might be worth the extra $15 per oz when it comes time to sell, hard to say)

http://www.providentmetals.com/10-g...gold-bar-in-assay-card-9999-fine-bullion.html

Mexican gold, even the tiny fractionals, can sometimes be had for low premiums as well. Provident is out of the small gold pesos right now though.

 

Wow, the only bubble bigger than Apple is the bond markets.

 

Sovereigns are more frequently counterfeited than many other gold coins. I stick to bullion with my metal because it has the weight and purity stamped on it. That way you aren't relying on someone else's knowledge to make the sale. I like fractional gold coins because they are more liquid, and the premiums generally are retained. Silver is best for liquidity, but if you plan to hold strictly for wealth preservation a 1 oz or 1/2 oz gold eagle or maple leaf is what I would go for. I don't bother with 1 oz gold because I don't like to spend that much all at once, preferring to accumulate where I can. I would steer clear of bars in general and anything over 1 oz as you get into higher counterfeiting probabilities.

 

Well there are more sovereigns in existence than any other gold coin so it stands to reason they would be more often faked. Pretty much anything and everything is faked at this point. I'd say 90% U.S. coinage is probably the safest spot to be for silver if you are worried about fakes. As for gold, harder to say, but I don't think there are many known fakes for smaller fractionals like 1/10 ozers, but you will also typically pay a significant premium if buying retail. All depends on your risk tolerance and knowledge to whether or not you should buy coins that have been known to be counterfeited.

If you are buying from a well respected site it certainly lowers your risk of getting a counterfeit, but may not eliminate it entirely.

I also believe bars are a higher risk item, as it would seem its easier to make a convincing counterfeit of a bar, while a round is more difficult.

 

How many ounces of silver should i get before i switch to gold? What ratio do you recommend?

 

No real answer other than how much weight do you wish to move around eventually?

Silver adds up quick if you are talking about $1400 a month. My SDB weighs over 100 pounds at this point. I still buy junk silver for fun at times, but have been wishing to switch over to gold or platinum for any future PM purchases.

You are young and in the military, so this is probably not a huge concern yet. I am just saying there is a limit to how much money in silver you may wish to own, a physical weight limit. Those dang rolls of silver add up over time man, trust me.

 

Duplicate, delete.

 

Duplicate, delete.

 

Duplicate, delete. Not my best day

 

If you need to be mobile, heavily weighted in gold. If not, heavily weighted in silver. I didn't bother picking up any gold until I had my core position in silver which has the best fundamentals IMO. So the question is, how large should your core position be? This varies, and the uncertain answer is whatever it takes for you to sleep at night. I would suggest minimum 100 oz silver before thinking about gold, but for me personally that's not enough for a core position. My preferred ratio is 10:1 silver to gold based on price, or 500:1 silver to gold based on ounces, which is in part why I prefer fractionals. Obviously I like silver better so my answers will reflect that.

 

It is my understanding you are overseas. If that is true, stick to an ounce of gold or platinum every month and a half because it will keep you light for when you are ready to come back to the states.

 

rhodium and silver!

 

With that much money, I'd buy a mix of government issued one ounce gold coins and common date $20 gold. You could even put together a type set of $20 US gold coins pretty quickly.

 

With $1400 a month and looking only to PM, I'd probably go with 1/2 ozt of gold and 20-25 ozt of silver. Maybe every three to four months switch platinum for gold and palladium for the silver. Seems. A decent. Idea

 

Hey Mikey,

The relationship between gold and silver is a well know and historic ratio. Right now it is about one ounce of gold for 55 of silver. 55/1. Note that for most of known history this ratio has been ~17/1. During the bull run in the late 1970's it was 17/1 at the peak. Gold peaked around $850 and silver around $50.

While there are some bright folks that discount this ratio, there are many others that swear buy it.

Why don't you consider buying gold and silver in these ratios and over time rebalancing to maintain them. 55 to 1 right now and if silver gains on gold over time, you could increase your gold buying relative to silver and rebalance on the fly.

just a thought,

peace,

rono

 

I like to buy small gold at spot, but with a possibility of a numismatic premium. I don't like the ducat, since it's been minted forever and is not really a coin that's over 100 years old. There are ducats that are old, but you'll find a lot of the ones with prooflike surfaces are recent strikes with an old date on them.

 

The ratio bounces around between 15 and 90 to 1, and frequently takes many decades to adjust. So I don't see any cause and effect at work, or any meaningful investment possibility from using the ratio. Instead, buy what you like keeping in mind that the one ounce coins [gold or silver] seem to be the most popular over time.

 

Canada has some nice commemorative gold too

 

This is a little more affordable. I got mine for melt at a pawn shop.

http://www.ebay.com/itm/Apollo-17-E...71128841442?pt=Bullion_US&hash=item3f2089cce2