Rare coins vs. Bullion?
I'm buying some gold from this site:
http://www.blanchardonline.com/blanchard...
I'm buying about ,000 worth of rare gold coins (mostly gaudens ms-63) but I'm also buying about ,000 worth of gold and silver bullion.
My only concern is whether I should rally be investing in more rare coins rather than bullion.
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You are wise to be investing in gold at this time.
I think no matter which vehicle you use, you will do well if you are patient. My personal preference is two-fold. I like the exchange-traded fund GLD for trading gold. Its price mirrors the price of gold rather well.
I also have a stash of bullion, for investment as well as protection in case the whole financial structure implodes.
I don’t invest in rare coins for two reasons: the difficulty in trading them and the difference of opinions as to condition, and ultimately, price. My preference is US Gold Eagles. They are available just about anywhere (Note, however, that some shortages are popping up here and there, as demand has increased). They have a big market. You can sell them at any coin dealer. Everyone knows the price, so you won’t be ripped off when you need to sell them.
You can buy them more cheaply and easily from a bullion dealer than from the US Mint. I buy mine online from a reputable dealer, golddealer.com. You call them to set up an account, order by phone, and pay by check or wire (wire only for large amounts). Shipping and insurance are free. The premium over spot gold is not very high.
That dealer, as well as other dealers, also offer various other forms of bullion. Check out the page below. I notice as I’m typing this that they are currently out of Gold Eagles. Try calling them early in the day for a quote and to see if they have them available. They usually do. I just bought some last week.
Best of success.
Couldn’t tell ya.
I don’t recommend owning gold, "rare" coins or bullion.
If I had to pick one. I would pick a market that has published prices such as gold.
If you are going to buy gold coins I would only do it from the direct source.
http://www.usmint.gov/mint_programs/index.cfm?flash=yes&action=american_eagles