Foo - Any gold coin experts out there?
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05-31-09, 07:25 PM
I've been thinking of pulling the trigger and start investing in gold (should have done it LONG ago).
I have been thinking of getting into bullion American Gold Eagles.
Is this a good idea?
How much over gold asking price should I pay for the coin?
What is a good source to buy?
05-31-09, 07:31 PM
I'm no expert but I think at this point gold is not a good buy. It spikes in price during uncertain economic times. You should have bought some a few years ago and could be selling it now. Have you considered Beanie Babies? ;)
05-31-09, 07:48 PM
Good point austro! Beanie Babies definitely seem like a good investment. No way could a miniature stuffed animal ever drop in value.
06-01-09, 10:32 AM
It's pretty easy to find the coins just for the gold price. My dad tries to skim some edge by finding coins for gold value that are not as beat up and may have some extra coin-collecting value. Seems like a lot of work and outlay, as far as I can tell, for not much gain.
06-01-09, 10:45 AM
At this point in time, you'd probably be better off buying a pick axe and some gold panning supplies. :innocent:
06-01-09, 10:50 AM
Gold is at a 70 year high, it is not a good time to buy right now.
If you have some, it is a good time to sell!
If you buy guild, buy it not as an investment, but as insurance.
I'd also recommend going for US proof sets, so you have an asset that has numismatic as well as bullion value, unless you are buying gold specifically, and prefer US coins as opposed to Credit Suisse bars.
06-01-09, 01:54 PM
My recommendation is that you send a PM to Mr. Markets and ask him.
However, gold is WAAAAAY up there, and not a good buy, currently.
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