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My Personal Investment Considerations

CRHer700CRHer700 Posts: 1,919 ✭✭✭✭✭

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.

Comments

  • jmski52jmski52 Posts: 22,849 ✭✭✭✭✭

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

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • pmh1nicpmh1nic Posts: 3,276 ✭✭✭✭✭

    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.

    The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,291 ✭✭✭✭✭

    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 !

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