My Personal Investment Considerations

CRHer700

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.

jmski52

Pay off any debt and get most of your money out of the banking system first.

pmh1nic

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.

TwoSides2aCoin

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 !

derryb

Shield Wealth With Smart Defense

Downtown1974

@CRHer700 good for you! I am a big advocate of having a well diversified portfolio.
I agree with what was said about eliminating debt first, especially high interest credit cards.
Gold and silver aren’t the best play for investing, but it’s a great place to park money from an eroding dollar.
There are some reputable on- line dealers that can fill your order such as APMEX, JM Bullion, etc.

Crusty

Buy the junk silver!

GoldFinger1969

I love buying a Double Eagle as something that is historic and beautiful. The price will PROBABLY rise over the next few years but even if the price flatlined or went DOWN....I would still buy at least one provided it didn't take away $$$ for other essentials of living or investing.

Never treat ANY gold or PM purchase as an "investment" but rather as a SPECULATION.

CRHer700

@GoldFinger1969 said:
I love buying a Double Eagle as something that is historic and beautiful. The price will PROBABLY rise over the next few years but even if the price flatlined or went DOWN....I would still buy at least one provided it didn't take away $$$ for other essentials of living or investing.

Never treat ANY gold or PM purchase as an "investment" but rather as a SPECULATION.

Yes, I know that nothing is certain. I do feel rather confident about silver and gold right now.

CRHer700

Thanks for the replies everyone, I ended up buying a common $10 eagle as my first gold coin shortly after this was originally posted, and have had much better than expected results with the metal price so far.

PerryHall

@GoldFinger1969 said:
Never treat ANY gold or PM purchase as an "investment" but rather as a SPECULATION.

I consider gold to be INSURANCE against the future devaluation of the dollar due to the ongoing inflation of our currency. I read somewhere that since 1913 when the Federal Reserve was established the dollar has lost 97% of its purchasing power. I don't see any end to inflation any time soon.

blitzdude

Doble Eagles are always nice. I'd steer clear of the gutter bag though. Also, if looking for "investment" stick with the paper, much too hard to quickly move physical and the premiums are an instant loss. Physical is about as poor an investment you can make. RGDS!