Buying gold

[retiredguy]

I'm going to buy gold coin. Has anyone had experience with Goldline or Rosland Capital? Or; any other suggestions for gold coin purchase.

[The Great Fumar]

In my opinion if you are buying the coin for a gold investment ,,,,you've missed the window , Gold is at an all time high .......

again , just my opinion........

[Yoda]

I'm going to buy gold coin. Has anyone had experience with Goldline or Rosland Capital? Or; any other suggestions for gold coin purchase.

Please understand that gold is a commodity. It is very risky. It is not really a good investment but a hedge against catastrophe. If you want to hold it as a last resort hedge or you want to play poker with it understand the risk. If you want gold as an investment, seek the advice of a good financial adviser. Not a gold salesman.

IMHO

Yoda

[jrjr729]

Gold stocks are a better way to go. None of the hassle of owning coins or bullion. I think there is a place for gold even at these levels closing at
926 recently. Commodities traders think the price will rise and if you think inflation will hit gold can only go up.

However, I think your timing is a bit premature. I do not expect any real bouts of inflation until 2011 or later. Unemployment is too high for demand pull inflation and raw materials and labor costs are too low for cost push.That is barring some massive collapse or some sort of outside intervention such as another attack on the homeland or perhaps an epidemic of biblical proportions.

[gonzy]

Gold is risky?? In 1913 when the Federal reserve was created your nickel would buy a loaf of bread and gold was $17.50 an ounce seems to me federal reserve notes are the risk. The only asset that did not lose value through the 2008 and 2009 crash was gold check out a chart. Our constitution requires a precious metals backed currency I think the founding fathers were smarter than we thought.

[escapequeen]

We purchased gold coins today and are looking forward to watching the market. We thought about getting in at $950, wish we had but que sera, we are in now.

[starflyte1]

May I ask where did you buy your gold?

[SeaCruiser]

I inherited some gold and silver bullion. I designated it for our children to be used for meaningful need. I held it because I felt it needed to be kept in a safety deposit box (keep that in mind) Our daughter wanted to cash some in to help with college loans which is meaningful need so I went to the coin/jewelry shop on 441 in the mall where Comcast is. The shop was a pleasure to do business with. There was a small adjustment from spot prices but fair. You may be able to purchase gold there.

About a year ago I purchased PRPFX Permanent Portfolio which has a gold position. That's another way to invest in gold.

[spk7951]

Earlier this year I had read an article by an investment analyst putting a price on gold of $1,200 - $1,300 an ounce by the end of 2010. Luckily we were already invested in a couple of precious metals mutual funds and they have performed wonderfully this year, but we are now concerned about whether or not we may see the bubble burst as we recently saw with the housing market. For the time being we are following the gold market carefully in case we need to get out quickly.

[escapequeen]

We purchased our gold coins from Goldline. They are due to arrive any day and we will at that time place them in our safe deposit box. We are very tempted to buy even more, hmmmm.........

[brostholder]

Whether or not to buy gold at it's current record highs is an investment decision that everyone has to make individually. I personally believe that with the latest round of QE from the fed, that eventually we will see inflation that will make the price of gold go even higher. What I don't understand is why I would buy gold coins. Correct me if I am wrong, but it is my impression that gold coins are priced above their gold content value. This premium is based on nothing else but what another buyer would be willing to pay. What is the advantage of buying gold coins versus buying bullion or gold stocks?

[batman911]

I believe that if you take possession of bullion, it will need to be re-tested/certified before you can sell it. That service will be costly. History says now is the time to sell gold.

[mrdills]

just remember gold is just a hedge against the currency, With gold over $1400 a oz. I personally think it has allot of down turn compared to the upside. check with you financial planner.

[In awe of TV]

Whether or not to buy gold at it's current record highs is an investment decision that everyone has to make individually. I personally believe that with the latest round of QE from the fed, that eventually we will see inflation that will make the price of gold go even higher. What I don't understand is why I would buy gold coins. Correct me if I am wrong, but it is my impression that gold coins are priced above their gold content value. This premium is based on nothing else but what another buyer would be willing to pay. What is the advantage of buying gold coins versus buying bullion or gold stocks?


I'd have to agree with brostholder. Gold coins do not pay dividends and really, the coins are only worth what someone else is willing to pay for them. Gold is at it's highest right now. I believe in buying low and selling high.

[RVRoadie]

I inherited some gold and silver bullion. I designated it for our children to be used for meaningful need. I held it because I felt it needed to be kept in a safety deposit box (keep that in mind) Our daughter wanted to cash some in to help with college loans which is meaningful need so I went to the coin/jewelry shop on 441 in the mall where Comcast is. The shop was a pleasure to do business with. There was a small adjustment from spot prices but fair. You may be able to purchase gold there.

Get at least three estimates before you sell gold. I recently sold several thousand dollars of gold jewelry that we have had for years, but never use anymore. For some items, I got the best price at the jewelry store on 466, the rest I got the best price at the guy that comes to the Waterfront every couple of months. A third place on 441 by the card room was low by a couple hundred dollars.

You just have to take the time to find the best price on your particular items.

[escapequeen]

The coins we purchased are uncirculated, rated BRILLIANT, British gold soveriegns. The research we did told us that this type of coin would bring more at re-sale than used coins. Also, if you purchase bullion you would have to pay for the verification process when you sell it, which is more of an expense.

[escapequeen]

Guess the results remain to be seen. WHen gold goes to $5000 an ounce we will be extremely happy villagers, lol!
:clap2:

[silvertoken]

This is a very good place to find how much your gold and silver are worth: http://www.silverrecyclers.com/Calculators/coin_calculator.aspx check the bottom of the page to see the scrap prices.

[silvertoken]

With coins being a hobby also precious metals, I would like to know if it would be possible to form a group. Selling and trading for spot price within the group would be more profitable. Taking your coins to a shop or buying them, to me is at a substantial loss on both ends. Also take note there are a lot of forgeries out there from China. I would think forming a group would be very beneficial. The chart I enclosed in my previous post is what I'd be more than willing to buy or sell for spot price. If I was to buy or sell on the outside I would lose at least 5% to 10% of spot.