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-   -   Gold Bullion -- Coins or Bars (http://goldismoney.info/forums/showthread.php?t=98929)

spider1954 01-09-2007 08:04 PM

Gold Bullion -- Coins or Bars
 
I have done some light reading on investing in gold - but that was a while back.

What's the trend these days on investing in gold bullion? Bars or coins?

Thanks!

Lackluster 01-09-2007 08:12 PM

Re: Gold Bullion -- Coins or Bars
 
Nah, that's all old fashioned stuff.

What you want is gold futures contracts, gold stocks, or maybe the gold ETF.

Welcome to GIM!

ajrocks 01-09-2007 08:35 PM

Re: Gold Bullion -- Coins or Bars
 
lackluster is joking get both, buy what you like...

Au_Ag 01-09-2007 08:45 PM

Re: Gold Bullion -- Coins or Bars
 
Quote:

Originally Posted by spider1954 (Post 468439)
I have done some light reading on investing in gold - but that was a while back.

What's the trend these days on investing in gold bullion? Bars or coins?

Thanks!

personal preference.

My particular preference is for coins -

Nothing is more recognizable than Krugerrands and british Sovereigns, IMHO. They are the most prolific 1 oz items around.

Further, IMHO coins should be harder to counterfeit than bars.

I personally tend towards those things that are more instantly recognizable to those who have little or no interest in PM.

blueice 01-10-2007 12:41 AM

Re: Gold Bullion -- Coins or Bars
 
Good to have you here, spider. Just like AuAg says, the best bet are coins unless, of course, you are buy hundreads of thousands in PM.

elroy 01-10-2007 12:46 AM

Re: Gold Bullion -- Coins or Bars
 
I usually buy the 100oz gold bars. Buy at least 10 and you get a discount.:haha:

ShinyThings 01-10-2007 12:54 AM

Re: Gold Bullion -- Coins or Bars
 
Welcome to the GIM.

It's coins all the way for me - at least for gold. Currently, they are not practical to counterfeit. If it weighs correctly, and measures the right size, then it's pretty much guaranteed to be the real deal. I think it IS possible to make a fake with the right weight and dimensions, but currently, I think it would cost more to make it than the cost of the gold.

Now silver, on the other hand, I have both coins and bars.

ST

randymatt 01-10-2007 10:55 AM

Re: Gold Bullion -- Coins or Bars
 
Quote:

Originally Posted by elroy (Post 468702)
I usually buy the 100oz gold bars. Buy at least 10 and you get a discount.:haha:

Buy 12 and get free shipping...:ARMS1:
http://upload.wikimedia.org/wikipedi...old_ingots.jpg

grapejelly 01-10-2007 10:56 AM

Re: Gold Bullion -- Coins or Bars
 
yep, gold coins only. Silver coins and bars but for gold, only coins.

oxygold 01-11-2007 12:08 AM

Re: Gold Bullion -- Coins or Bars
 
Quote:

Originally Posted by elroy (Post 468702)
I usually buy the 100oz gold bars. Buy at least 10 and you get a discount.:haha:

Of course, you meant 400 oz. bars!


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