Help me decide
 

Well, I sold some silver and I am looking into getting some gold so with $1500 should I get a graded St. Gaudens or, a GAE and some extra gold with the remainder.

I figured if i get a GAE that will be almost $1,100 and the $400 I can use towards something else but I have always wanted a St Gaudens even if it is a common date.

So what say you

Re: Help me decide
 

I can only help by telling you I believe you have this process BASS ACKWARDS.

Sorry.

Re: Help me decide
 

Ok how so...it is either more gold (which would be the obvious choice) or a piece of history which is known to appreciate as well. Please elaborate how i got this backwards.

If you are not going to offer a good opinion on this then please move on. You are not helping one bit. If you didnt read correctly there is no choice "C"

Re: Help me decide
 

Can you get a Saint a lot cheaper ungraded? If so, get that. Sometimes you can get some good deals...If not, and if you want one graded, BUY it. No remorse.

Re: Help me decide
 

I would consider selling some gold to buy a bunch of silver before I would sell off a bunch of silver so I could buy one piece of gold.

Hope this clears it up for you.

Re: Help me decide
 

Thanks for the advice...Im not too knwoledgeable as to the potential of Saints as opposed to straight bullion. Ive found a couple of places like APMEX where one can get Saints in AU or better condition for about $1400.

Im just looking more for long term so Im wondering if Saints are the way to go as opposed to getting that extra 1/4 oz

Re: Help me decide
 

http://coins.ha.com

Great website. I recently purchased an 1898 S Liberty Head Double Eagle from there. It's a beautiful coin and I got it at a fair price. They always have 400+ Double Eagles on that site for sale. Check it out.

Re: Help me decide
 

Hmmm....I guess you dont play the ratio. The whole purpose of buying gold now is so that when the ratio goes higher you can do a swap.

59 to 1 right now and if it goes back up to 70 or 80 guess what I just netted an extra 10-20 oz.

Most folks here would tell you to buy gold as the ratio drops, not the other way aaround.

But to each its own

Re: Help me decide
 

Thanks GG...how could i possibly overlook Heritage

Re: Help me decide
 

I'm not all that knowledgeable either. I was lucky and bought numismatic stuff when there wasn't as much of a premium as now. If you are not in it really long term, go with the extra 1/4 oz. If you don't care, get what you want. I love the pre-33 stuff and it will be the last things that I sell, if ever.

Re: Help me decide
 

You are 100% correct...I do not 'play the swap'...I own both to weather the coming tsunami. Smaller denomination silver coins will be much more usefeul than large gold ones.

Imagine wanting to buy a loaf of bread or a pair of boots with a $1,000 bill, and the merchant having no way to 'make change'...if you will.

Silver dime (bread) silver dollar (boots). Done.

Re: Help me decide
 

I own both too but with the ratio dropping I am swapping SOME silver for gold but yet maintaining an nice core on both.

balance is the key and i would never do a 100% swap of silver for gold

Re: Help me decide
 

Always GET what you ALWAYS wanted first - that way you'll think TWICE before trade/sell/dumping it!

:23_30_104::23_30_104:

Re: Help me decide
 

I would go with the Saint. Try to find a nice one, then have it graded yourself.

if it is a grader, the price will not fluctuate too much if spot falls.

Re: Help me decide
 

Yeah and when spot goes up 500% your saint will be worth a 10 BANGER! :23_31_2::23_31_2: