Did collectible gold coins get honorable mention...

TwoSides2aCoin · April 28, 2013 4:29AM

... by a famous investment guru who's name rhymes with 'framer', in the financial news the other day ?
A friend who lives off his investments told me this in a phone call. I was pleasantly surprised. Is it true ?
Do you think gold coins are a "safe" place to park some cash ?

ajman · April 28, 2013 5:34AM

Of course. To me gold is cash. Instantly liquid, there to be converted when you need it. All it takes is a trip to the local dealer to cash it in. I don't invest in coins but I certainly know that I can liquidate if I need to.

roadrunner · April 28, 2013 5:56AM

I see the prices now in smaller denomination generic gold coins and I don't see a whole lot of downside after the crushing of the past 4 years. Most of them are at
4-7 year lows:

MS 64 $2-1/2 Lib - $775
MS64 $2-1/2 Indian - $975
MS63 $5 Libs - $625
MS64 $5 Libs - $945
MS63 $10 Indians - $1050
MS64 $10 Indians - $1400
MS65 $10's $2100-$2200

One can hardly not find something from MS63-MS65 that isn't at huge discounts to 2006 prices. If I recall, back then MS63 $10 Indians went to $2600...or maybe that was 2008.

If an AU $10 Indian is going to cost you around $900 or more. Might as well pay the extra $150 and get a MS63 at 50% over spot. That's the same premium over spot paid
for a cull Morgan dollar or a F-VF 1958 wheat cent....not exactly your rarest or most exciting coins. MS63 Morgans fetch a 230% premium to spot.

bidask · April 28, 2013 6:31AM

<< <i>... by a famous investment guru who's name rhymes with 'framer', in the financial news the other day ?
A friend who lives off his investments told me this in a phone call. I was pleasantly surprised. Is it true ?
Do you think gold coins are a "safe" place to park some cash ? >>

park 'some' cash.......sure.

ColonelJessup · April 28, 2013 6:34AM

But why would you buy from a retailer, especially a telemarketer, if that's what your caller was? If not, forget I asked.

Was Cramer shouting when he made the statement? Was a bell or horn going off? These are signs he REALLY means it

coinkat · April 28, 2013 6:42AM

No comment

daOnlyBG · April 28, 2013 6:46AM

The short answer is "yes."

I don't think the complete answer is an easy yes or no, but I believe it's possible to collect coins in a proper way such that they'd make a lucrative investment.

But I don't know if I'd trust Cramer lol

Did collectible gold coins get honorable mention...

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