Longterm Gold Coins for investment?

Bigdogg

Hey guys haven’t been around very much with all this bad weather and traveling up to the Mountains in Pennsylvania. With that said I need some advice on investing in Gold Coins? I’m not out to make a killing but would like a better return on what the banks are offering. I’m don’t know whether to go Numismatic or bullion route? What would you guys do ? With about 25Gs

Thanks to all

paigowjohnny

I personally think gold is a TERRIBLE investment....however, if you want to...strictly as an investment...do it in bullion and be ready to trade quickly and frequently. I would never consider gold a long term strategy...look at it's track record.

Baley

hooo boy. here we go again.

anyone who answers your question without knowing your OVERALL financial picture is making a mistake, and so are you making a mistake if you consider investing your $25K in gold coins without considering how that fits in to the rest of your investment portfolio, no matter what anyone on here tells you (and most will tell you that coins are not an investment, they're a hobby that may or may not appreciate in value)

to give investment advice, anyone competent would need to know:
your net worth, including housing situation, income streams, debt levels
your stock and bond portfolio composition, including cost and time held
your time horizon for the "gold coin" portion of your investment portfolio.
your risk tolerance, your intended storage of the asset, and lots of other things.

now if you ask us which gold coins are most interesting to COLLECT, I'd say go for a 12 piece US gold type set in PCGS or NGC MS 65 or better, start with the large coins and move smaller until your money runs out, try to find slightly better dates for common date prices, shop around and go slooooow.

wallstreetman

I take it you mean the difference between coins and bars? Coins are the only way to go, doesnt matter if your talking Classic or Modern! The key here is longterm from this point, so your goals are inline, IMHO!

Ive been putting some money in the telecom, disc drive, entertainment space! I will be ready for the Real Estate dive!

wallstreetmann

wallstreetman

Hey paigowjohnny, Any investment is bad if done at the wrong time, especially if your time horizon isnt inline!

wallstreetman

Baley, Did you just refer to Bigdogg as a Ho?

CarlWohlforth

So will gold continue to go up? There are many opinions. My own, personal, opinion is that gold will be less than $325/oz next year at this time so I wouldn't invest. I think a money market account would be much better with a positive return.

But if you really think gold will go up or if you have over a million in stocks and bonds and wanted $25 grand in gold I would invest in gold mining stocks. They sell futures against future production so should be locking in today's prices for a portion of output for the next few years. Further they have come down in price (with all other stocks) at the same time as gold is going up in price. Right now gold is near a 52 week high while mining stocks are near 52 week lows.

MrKelso

Over the years since 1971 when i started i followed a simple rule of thumb and that was 5 to 15 % of my portfolio would always be in Gold. Over the years i have been buying about 15% of what ever my portfolio was at years end.
I did not start buying Numismatic Gold until 2001 and since then have not stopped buying my percentage of Gold bars each year.

My Advise to you, Do your research, set a goal, Think long term when buying Gold as an investment. Be very careful with Gold company stocks.


Good Luck.

jeffnpcb

Go Southern Company or any major electric utiilty that is regulated and has a fixed income. Highs and lows in the market, but you can't live without it. Strong steady return and no anxiety!!!

Numismatic if you buy gold, unless some major manufactoring uses it. Silver and platinum have a stronger commercial aspect than gold.

BSqr

Think of Gold as a good STORE of VALUE rather than an actual investment vehicle. Just my 2 cents.

RYK

If you are looking to buy rare gold coins, I would suggest you contact Doug Winter (www.raregoldcoins.com). Though he does not sell gold coins as an investment per se, he tends to sell high quality coins at a reasonable price. He is a very nice person to deal with and delivers excellent service. He will teach you a lot about gold coins if you are willing to invest the time and effort to learn. I am a very satisfied customer of Doug's.

supercoin

Gold has a terrible track record as a long-term investment. As a disaster hedge, maybe.

For short-term trading, gold futures contracts are far more efficient than physical metal. E-mini gold contracts control 33.2 oz each so would be within your $25K target.

DeepCoin

High quality numismatic gold. 1907 High Relief Wire Edge Saint for example. Go for quality keys if you think another demonination is more appealing. This way you get to have a "investment" and also something to be proud of. For the record, I think coins are a bad investment and a great hobby.

roadrunner

Coins are a great investment when tangibles are in vogue and stocks are down. No one knows where things will be at this time next year. But everyone's portfolio in this kind of market should have at least a small % of their assets in gold/silver bullion/coins.
Better places to be today: tangibles, reverse index stock funds, treasuries.

roadrunners

BigAlan

Buy what you like to look at. If the price goes down you will still have the enjoyment of ownership.

michael

numismatic coins are NOT AN INVESTMENT

gold is a speculation

coins are for fun and collecting and to be bought with discretionary funds

if you want an investment a great investment invest in yourself

to be a better person and/or to get a better income

remember this

ability really counts of nothing the only thing that makes you and defines you are the choices you make

sincerely michael

mr3holesinone

I'm assuming the $25,000 is play money for you. You know, it won't make or break you no matter how it performs. Thus, I'd suggest MS-64 gold commemoratives 1903-1926. You should be able to purchase an eleven piece set (or close to it).

If you want to be daring... Purchase 300 shares each of Dell, Microsoft and Cisco Systems and 400 shares of Oracle. :-)

Bigdogg

Thanks to all you guys, I always appreciate your advice, believe meThanks