Buying Gold coins Advice Please?
C asked:
Not hiding money from paying taxes, but I don’t want the Government taking it away either.
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Not hiding money from paying taxes, but I don’t want the Government taking it away either.
Gold, Silver? was thinking about several 1oz. coins to protect —- just in case. Is it worth buying the older double eagle coins at the huge premium?
Thanks!
Banks will always take Gold…..
What about having them registered? Should I worry about that?
March 3rd, 2009 at 8:13 am
Where are you going to sell these coins when you need the money?
March 3rd, 2009 at 10:21 am
When you buy older coins at a premium, you had better understand their condition and value. There are other alternatives: buying pampe suisse ingots ( also called bars). Check out and the kitco website. You can buy coins that are only valued for their metal content. That’s what I’d do, if you are interested in the value of the gold, look at canadian maple leaf, krugeraands, etc.
March 3rd, 2009 at 1:41 pm
ingots?
I buy gold jewellery - but bullion better
I agree the krugaraands are great too
March 5th, 2009 at 2:40 am
If you are buying any coin at a premium (a price above the actual value of the metal ) that will be a direct increase to the price per gram.purchase any coin as close a price as to the current cost of the raw mineral. Kruger Rand are currently good purchases .
March 7th, 2009 at 11:44 pm
I would suggest that you call 1-800-buycoin (Swiss America) and ask them I have heard that they are very reputable. If you don’t want to call you can visit their web page
I don’t think paying a huge premium is worth the extra money but at the rate that the DJIA is dropping who knows. If you had purchased at the end of August you would have bought at $750 an ounce and it would be worth around $900 per ounce. The worse our market is the better gold gets.
Registering the gold is something to ask the Brokers, I can tell you that gold normally hits bottom around the end of August and then starts back up in September.