Gold or silver bullion , or collectible gold and silver . Why would you pick one over the other ? Collectible can be what ever period has your interest. Pep
Gold has been hot but lately it advances one day and the recedes the next, so it's dicey. I believe the America the beautiful 5 oz sets are going to EXPLODE so i think there a good bet
Nice Chris! The collectible stuff is a gamble because it will cost more than melt and there's no gurantee that gold or silver will go up to justify the cost of the premiums so it's a gamble.
I would buy as much raw gold and silver bullion as I could afford. Especially silver. With currency becoming worthless, holding precious metals is the way to go in my opinion. If disaster ever hit this country and/or the world, I feel precious metals will be our only chance for survival. Survival meaning to sustain life. If a national crisis did happen to us and people were perishing from lack of food and shelter because our currency was no good, I feel only those holding precious metals will survive. And I often think about this: During this crisis, would it REALLY matter if those holding precious metals and/or coins possessed pieces that were MS70? MS69? No. Because grade would not matter anymore. Only the metal CONTENT of each and every piece would matter. Enough of that for now. Time for something a little more lighthearted. I'm new to this site and really enjoy it. One of the many things I love about this hobby is the fact that you meet so many nice people. Love it! Happy New Year everyone!
OK - I am holding silver too, but would counter the above statement, that the people with the food and shelter you ARE giving the silver TO will probably also survive!
Depending on the amount of money you have to invest has a lot to do with your decision on what to invest in, and of course buying at the right price. Personally I like gold and silver but have been trying to favor silver more recently as I think it has a lot of room left to go. Also I tend to lean towards collectible bullion which technically puts you into both catagories. If you can get collectible gold and silver at near spot prices then it is a win win. For instance some of the coins/bullion I am holding right now include a 2008 W UNC Gold Eagle set, two 2009 UHR Gold Eagles etc. Now granted I paid what I felt was a little more at the time but in the end it has paid off. I think the best bet for ROI is silver even though it is almost $31 an ounce right now. There is still room left plus you can buy a lot more silver for the money.
If you are investing, bullion. If you are collecting, buy coins. All people who buy bullion do it for a return on their investment or as a hedge on inflation. True collectors do not have this as their motivation. If you do, I would suggest the first option since there is only one variable to worry about; spot price. The second option has two; spot price AND numismatic value. Every time you have another variable you increase your exposure and risk.
My point exactly "debordj." The silver/gold you HAVE as a consumer that you would use to buy food, shelter, etc, you give to the retailer (which will probably be the government someday), which does inturn make the retailer a HOLDER also of silver/gold, which will support his/her survival.
i love buying junk silver because maybe they aren't worth any numismatic value but i love collecting coins and not to mention buying silver. so at the same time i get to fill my date folders and silver. Thats just my opinion.
If I was buying strictly for investment, I would buy one ounce AGEs or ASEs. If it was for enjoyment, I would probably try to develop some expertise with peace dollars and put together a type set of $20 gold coins.
If silver were to go up to $60 an ounce or more, I'm still not selling the coins I have been collecting. That's why I'm getting silver bullion. No thrills compared to finding that coin you've been looking for, but no emotion to stop you from selling when the time is right. My coins are my collection, the bullion is my investment.
I'm not buying anything right now. Prices are way to high. I think there is going to be some downside at some point. Then I will buy. Right now the only thing I will buy is junk silver pulled from roll searching. Junk silver at face value is always a good bet.
Both are a gamble, but if you're in it for the long haul you will eventually come out O.K. But both could continue to climb in value, who knows? Another gamble you could try, and it is a gemble, is try to figure out which series of coins will get hot in the next two years. Then buy some MS-65 or higher coins from that series. This would be a better gamble if you are looking for short term investments.
