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What denominations gold coins?

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Viewing 9 posts - 11 through 19 (of 19 total)
  • Sun, Nov 27, 2011 - 12:53pm

    #11
    Peak Prosperity Admin

    Peak Prosperity Admin

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    It depends….

 on how you think you will end up using the coins.  

If you think they will be used for trade/barter, I think smaller may be better.  But bigger would work if you use a bar to purchase a home or land.

If you think you will buy now to sell later at a much higher price to a dealer, then the larger bars may be better (with lower premiums)

I have mix and match.  I bought some 1/10, 1/2 & 1 oz bullion coins, as well as some 1 oz & fractional bars.  

I also added some junk silver, ASEs, Maple Leafs and a few 2012 Australian Kookaburras (just for fun)  and silver bars to the stack.  

Since I don’t KNOW what is coming, a little diversity in my investment makes me think I have several scenarios covered  

 Plus, for me anyway, the smaller cash outlay for the smaller bullion, keeps me stacking on a consistent basis, even though the premiums are a little higher.  But, if prices head up….in the long run, I think (hope) I will still bring in a little profit if I decide to sell.  I suppose only time will tell.

 

  • Sun, Nov 27, 2011 - 04:09pm

    #12
    Peak Prosperity Admin

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    Retha wrote:If you think

[quote=Retha]

If you think you will buy now to sell later at a much higher price to a dealer, then the larger bars may be better (with lower premiums)

[/quote]

There are a number of problems with this thinking.  Larger bars have lower purchase premiums but you also take a bigger hit on resale in most instances because the dealers know you will have a difficult time selling such a bar to anyone but a dealer.  Which brings us to the second problem … the size of the larger bar limits the number of your prospective buyers.  Third, ever try and ship a large bar back to a dealer?  Kilo bars are running in the 55K range.  There is no shipper (short of a very expensive armored car service) that will ensure a precious metal shipment that large.  Fourth, your local coin shop is unlikely to want to plunk down the money, in one fell swoop, for a larger bar.  Fifth, larger bars are much easier to counterfeit than coins and there are more and more counterfeits floating around out there. 

As far as the smaller fractional gold coins go, that’s what silver’s for.

Check the friendly archives.  These subjects have all been discussed at length previously. 

  • Sun, Nov 27, 2011 - 04:56pm

    #13
    Peak Prosperity Admin

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    Thanks ao :)

 Good points…I haven’t really thoroughly studied the larger bars, since I don’t really have that kind of cash to purchase.  So, my comment was just a thought that jumped in my head as it might make sense to purchase larger items such as land.  But, what do I know?  lol  Thanks for the clarification 

  • Sun, Nov 27, 2011 - 07:43pm

    #14
    Peak Prosperity Admin

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    aware of GLD

[quote=ao]

[quote=MrEnergyCzar]

 I’d start with silver and move upwards later.  I started with a base of junk silver dimes, quarters and halves, then moved up to the american eagle silver dollars then paper gold (GLD) for simplicity, finish with a variety of actual gold coins, american, all sizes.  From there you can get other countries gold etc…  The premiums are killer if you trade back in and out a lot.  

MrEnergyCzar

[/quote]

Just for the record, silver dollars and silver eagles are different.

Also, you may want to peruse the archives for why a prudent investor would handle an investment in GLD as carefully as an epileptic black mamba on meth (meaning not at all!).  Have you actually read the prospectus for GLD?

 

[/quote]

 

I became aware of there possibly being more GLD than actual gold held in London so I sold most of it last year but kept some still.  Paper gold is just easier to buy and sell but should be part of a complete diversity of holding type, coins and paper…. mostly coin is probably safer depending on how you store it etc..  

 

MrEnergyCzar

  • Mon, Nov 28, 2011 - 10:45am

    #15
    Peak Prosperity Admin

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    MrEnergyCzar wrote: I

[quote=MrEnergyCzar] 

I became aware of there possibly being more GLD than actual gold held in London so I sold most of it last year but kept some still.  Paper gold is just easier to buy and sell but should be part of a complete diversity of holding type, coins and paper…. mostly coin is probably safer depending on how you store it etc..  

MrEnergyCzar

[/quote]

if you are going to be long in paper gold, consider PHYS and GTU, which are fully backed by gold.

GLD is not.

  • Fri, Sep 27, 2013 - 04:44am

    #16
    barbarayeager703

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    I have got 20 coins of

I have got 20 coins of one-ounce each from store.sprottmoney.com . I am on my way to buy 10 more gold coins as smaller denominations are preferable to me.

  • Wed, Oct 30, 2013 - 11:45am

    #17
    alenbeck

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    Last year when I need to

Last year when I need to purchase gold coins, I was in a doubt whether to buy gold as ten 1oz coins or one 10oz coins. At last with help of my friends I concluded to buy ten 1oz coins as it is more reliable and when in need, one or two can be sold or mortgaged. I think you should also buy gold coins in small denominations. 

  • Tue, Jul 28, 2015 - 07:09am

    #18
    Cloud14

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    Thanks for this some

Thanks for this some information you've shared. Nice. Really helps for me. get soundcloud services

  • Thu, May 05, 2016 - 09:36am

    #19

    Marudhar Arts

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    MarudharArts Selling Different coins in world. They are Providin

Thanks so much for your input 

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