Silver or gold

DwaineO · January 9, 2013 9:31AM

which is better to invest in bullion coins? Or buy some of both? And good places to buy

nibanny · January 9, 2013 10:05AM

Silver has a great potential. Gold has a great history.
I would mix them both and add some Platinum if found at a fair premium over spot.

Besides your local B&M, you can try the BST forum or Apmex, ProvidentMetals, Gainesville, Goldeneaglecoin.
For bigger purchases, Tulving is among the best.

Don't forget to show us pics!

derryb · January 9, 2013 10:12AM

when used as an investment be sure to figure in other factors such as premiums, storage, volatility and shipping both directions. I prefer paper metals (ETFs) for investment purposes because of ease and quickness of getting in and getting out. I prefer physical metal for longer term storage of my savings to protect me from dollar destruction and inflation. Much has been said about silver having more potential for gains than gold, but keep in mind that silver is much more volatile in price swings. I personally prefer silver eagles.

Before investing in precious metals be sure to learn a lot about them and also develop a good understanding of what affects their price.

gsa1fan · January 9, 2013 10:20AM

Gold is my choice

Timbuk3 · January 9, 2013 10:26AM

25% St Gaudens PCGS MS 64 or higher
50% ASE
25% Cash

DwaineO · January 9, 2013 10:38AM

while I like the old gold isn't that more collecting than bullion? I was thinking of starting slow with maybe a silver eagle and maybe a $5 gold eagle.

derryb · January 9, 2013 10:41PM

bullion graded by a major grading co. offers the advantage of being certified as authentic. This could be a plus many years down the road as gold becomes more expensive and attracts more counterfeiters. American gold eagles in MS69 can be had for not much more than ungraded gold eagles.

tneig · January 10, 2013 12:28AM

<< which is better to invest in bullion coins? Or buy some of both? And good places to buy >>

Key word mentioned: Invest:
Both. But well thought out, and carefully... very carefully

Need to learn more.. about this before going to deep, but a worthy avenue to explore.

This forum has great resources and good folk.

Yukoncornelius1 · January 10, 2013 12:41AM

When you say "invest" it is like anything else, if you buy low you will be able to sell high.

I view silver and gold as an insurance policy against fiat currency which over the years has appreciated nicely for me but don't just assume that you can enter the game at any point in time and make a killing, timing is huge.

I think the best argument going forward over the next several years for owning PM's is the uncertainty over the debt and the amount of money being printed to service the debt, this is what fiat currency is all about an endless stream of fiat produced to keep the charade going.

There is a slight possibility that this ponzi scheme will keep going unabated forever but anyone who has studied history knows how this all will end and for those with no PM holdings it will not be good.

DrBuster · January 10, 2013 12:43AM

<< while I like the old gold isn't that more collecting than bullion? I was thinking of starting slow with maybe a silver eagle and maybe a $5 gold eagle. >>

Gold and silver eagles would be a fine way to start. The 1/10ths can start to add up after a while if you have a budget/schedule in mind for allocation.

Yukoncornelius1 · January 10, 2013 12:48AM

Another thing I've been doing lately is unloading most of my expensive coins from my coin collection and buying bullion along with paying off loans.

I look at how many expensive coins there are out there and how readilly available they are and can't help but wonder if times get tough who in their right mind is going to want to purchase a 1909-svdb penney for $2,000, a worn out 1916-D dime for $1,000 or an MS-70 PL UHR for over $10,000???

johnny9434 · January 10, 2013 4:36AM

<< 25% St Gaudens PCGS MS 64 or higher
50% ASE
25% Cash

>>

that works

Cakes · January 10, 2013 8:48AM

<< when used as an investment be sure to figure in other factors such as premiums, storage, volatility and shipping both directions. I prefer paper metals (ETFs) for investment purposes because of ease and quickness of getting in and getting out. I prefer physical metal for longer term storage of my savings to protect me from dollar destruction and inflation. Much has been said about silver having more potential for gains than gold, but keep in mind that silver is much more volatile in price swings. I personally prefer silver eagles.

Before investing in precious metals be sure to learn a lot about them and also develop a good understanding of what affects their price. >>

To add to what derry said it also depends on how much money you have to invest. I am no means wealthy but stacking physical silver does take some space, especially in a SDB while gold takes very little. I say if you have the space and plan on staying awhile to go with silver as I think it will do better long term the next 10 years. If you don't have the space and are on the move a lot I would go with gold.

jmski52 · January 10, 2013 11:33AM

Ditto what's already been said.

If just starting out, the silver and gold American Eagles probably have the best liquidity in the US market, so I'd utilize them. They should also have competitive buy-sell spreads under most market conditions. Starting slowly is a very good approach, and I do agree with keeping some cash aside as well.

I would add Silvertowne and Scotsman Coins to the list. Also, since some supplies of many items may be tight, at the time of your order you should ask what the delivery turnaround time will be on any order.

mkman123 · January 10, 2013 4:40PM

I like both!

ricko · January 13, 2013 3:30AM

Both gold and silver are good as a hedge against fiat dollars....a lot of good advice above, the main thing is to study the subject so when acquiring you make sound decisions. Cheers, RickO

Steve27 · January 13, 2013 5:30AM

I use the 50:1 rule when determining whether to buy gold vice silver. Currently 50 X 30.44 = 1522 which is lower than 1623 (current spot price of gold); therefore, I would buy silver.

As for where, I would look to buy at a local coin show, in order to avoid shipping fees. For large purchases go to Tulving.com

InYHWHWeTrust · January 13, 2013 5:35AM

<< I like both! >>

Watched "Radio" with the kids last night, and was thinking the same thing: "I like both."

DwaineO · January 13, 2013 10:01AM

Thanks for the great advice, think I will start out with buying some 2013 silver eagles.

JazzmanJAB · January 13, 2013 8:01PM

<< Besides your local B&M, you can try the BST forum or Apmex, ProvidentMetals, Gainesville, Goldeneaglecoin.
For bigger purchases, Tulving is among the best.

Modern Coin Mart has bullion now AND FREE SHIPPING !

Steve27 · January 14, 2013 1:57AM

<< Thanks for the great advice, think I will start out with buying some 2013 silver eagles. >>

If your looking to invest in silver, that would be a bad choice. Right now there is an extra premium on 2013 SAEs, buy 2012s or earlier, they'll be cheaper.

derryb · January 14, 2013 2:03AM

ASE prices varying for different years at APMEX, shop around for best prices. Date really doesn't matter to most buyer unless its a 1999 MS70.

Silver or gold

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