My Personal Investment Considerations
CRHer700
Posts: 1,884 ✭✭✭✭✭
I am considering buying a common but nice looking double eagle and a $100 face bag of junk silver.
- 1; What are your thoughts on whether this is a good investment or not.
- 2; Where would the best place to buy either of the two items.
I currently have a certain quantity of silver laid up but no gold, and I want a nice coin to start off my gold.
God bless all who believe in him. Do unto others what you expect to be done to you. Dubbed a "Committee Secret Agent" by @mr1931S on 7/23/24. Founding member of CU Anti-Troll League since 9/24/24.
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Pay off any debt and get most of your money out of the banking system first.
I knew it would happen.
If this is extra money you have (no debt) you're better off INVESTING in stocks. Precious metals are a store of value, a hedge against inflation and devaluation of the dollar. Over most ten year period stocks have done better than gold as an investment.
If you're already invested in the market and young enough to ride out ups and down over a 10 year period having some percentage of your saving in gold and silver adds so protection to the wealth you've accumulated.
Nice looking double eagles can range in value widely depending on their numismatic value and grade. You can pick up a very nice modern gold American for a small premium over spot while a nice pre-1933 Liberty Double Eagle in a high grade can cost considerably more.
of course, as a coin dealer , I would say
1. No. It is NOT a good investment but having some will not hurt you like the fees on your utility bills.
2. From me.
I now return you to your regularly scheduled program. Lights out !