is it better to buy gold coins or gold bars?
Adam asked:
i want to start buying some gold, i wanna start of small. i don’t want the for an investment i just want them because i think they are pretty and i have always had a thing for precious metals. so which is better to own coins or bars? which resells for more money? give me all the info you know!
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i want to start buying some gold, i wanna start of small. i don’t want the for an investment i just want them because i think they are pretty and i have always had a thing for precious metals. so which is better to own coins or bars? which resells for more money? give me all the info you know!
March 23rd, 2010 at 7:29 am
No, it isn’t.
Here is a graph of the average (inflation-adjusted) price per ounce of gold since the year 1550;
As you SHOULD be able to tell, it has nowhere to go but down (probably to about $630 or $640 an ounce)…why do you think the sellers are spending so much on advertising trying to convince you that it’s a “good buy” at over $1,000 an ounce?)….
Don’t be a sucker! ThinKabootit
March 25th, 2010 at 6:34 pm
you should buy gold coins, bc a lot of gold bars arent 100% gold, n the companies tht make them basically scam their customers. but gold coins are made by the government, and the government would not do that. sportsface268
March 27th, 2010 at 6:37 pm
At the current price of gold, it’s tough to justify buying either gold coins or gold bars. That is, unless you find good deals like on eBay but then you need to research the seller. What I see more people doing it buying silver. It’s more affordable and increases in value quite nicely. Consider that as an option. JV