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Which new coin this year (2009) do you think is the best investment?
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<p>[QUOTE="kneil3, post: 516772, member: 7991"]The problem with investing in coins, bullion, ect. is that you are supposed to buy low and sell high. silver has been lower than $5 dollars per ounce in the last 9 years and as high as $20 last year. gold has been as low as $300 and is hovering around $900-$1000 now. Is this the high or are we due to go higher?</p><p><br /></p><p>SOOOO what to do, should you buy now when each of them are near there all time high or just save the money and wait for the price to downturn? What happens when the value of silver and gold drop, do the value of the modern bullion coins go along with it?</p><p><br /></p><p>I have been fighting this for a long long time. Any collectable coin version can be bought from the mint and turn around and be resold in the short run. But unless you are lucky and is is an error or low mintage the retuen might not be worth it. </p><p><br /></p><p><br /></p><p>I will buy the lincoln because I want one, high silver price or not. But I will not buy the double eagle because I feel gold (and silver value) is overpriced and will eventually come down.[/QUOTE]</p><p><br /></p>
[QUOTE="kneil3, post: 516772, member: 7991"]The problem with investing in coins, bullion, ect. is that you are supposed to buy low and sell high. silver has been lower than $5 dollars per ounce in the last 9 years and as high as $20 last year. gold has been as low as $300 and is hovering around $900-$1000 now. Is this the high or are we due to go higher? SOOOO what to do, should you buy now when each of them are near there all time high or just save the money and wait for the price to downturn? What happens when the value of silver and gold drop, do the value of the modern bullion coins go along with it? I have been fighting this for a long long time. Any collectable coin version can be bought from the mint and turn around and be resold in the short run. But unless you are lucky and is is an error or low mintage the retuen might not be worth it. I will buy the lincoln because I want one, high silver price or not. But I will not buy the double eagle because I feel gold (and silver value) is overpriced and will eventually come down.[/QUOTE]
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Which new coin this year (2009) do you think is the best investment?
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