[CoachKandSportsguy]

Buy the verified gold coins, Canadian maple leafs, etc, commission should be irrelevant if you think that the world is devolving into chaos. . . just remember than currency rates is just a spring of equality between economies and politics and interest rates and that the US dollar is relative to other economies. Given our lack of relative political constraints around economic growth, the US generally always fairs the best with economic recoveries vs the rest of the world.

With interest rates rising, gold is less appealing, which is why gold hasn't done much recently, as the dollar has remained stronger than most currencies with the best economic growth and recovery outlook. So don't expect gold to go to $3000 anytime soon. . . but it would be fun to look at them at home every once in awhile. Also buy a few verified silver coins as well, get diversified in your metals investments.

good luck, and stop reading those nihilistic web sites about the US economy cr*pping the bed. . .

finance guy

[caseycasebeer]

Regrettably, all the World’s currencies have been ‘fiat (little more than ink on paper) for over fifty years, and historically, fiat currencies do not have a good track record. Difficult as it is to believe, they all devalue eventually (look at the USD since 1913). Gold (and to an extent silver) have a better track record.

If it were not for the fact that the USD is still essentially the world’s “reserve currency” (used in worldwide commerce) the USD would also be hurting even more than it is.

A long time ago I began making small purchases in various precious metals (gold, silver, and lead) as a hedge against the fiat dollar. I only buy ‘physical gold, no paper gold, or collector coins (aka “Numismatics”). That’s fine, but at a certain point security can become an issue.

One other issue I’ve wondered about is when it becomes time to liquidate some gold/silver - what do you do? ...you just end up with more ‘paper!

One final thought - if you want to buy some gold or whatever, I urge you to buy smaller coins (1/10oz, .25oz, or .5oz) but not necessarily 1oz. Yes, you’ll pay more of a premium on the smaller coins, but they may be easier to sell or trade when the time comes.

Personally, I like a company in Phoenix (AZ) called CMI Gold & Silver (CMI-gold-silver.com). (855-935-0419)

[retiredguy123]

The dumbest TV commercial for gold is the one where they compare the purchasing value of the dollar to the value of gold over a long period of time. For that comparison to work, you need to assume that people keep large amounts of cash under their mattress and hope that it increases in value. Almost nobody does that.

[Shish]

Hard Assets Alliance
Buy Gold Bars Online | JM Bullion™

How is gold taxed?
Taxes on Physical Gold and Silver Investments

Holding physical gold at home in a major dollar collapse would be good. Keep a portion in small coins/bars.
Holding gold in an IRA cannot be done at home.
Holding gold in a Roth IRA means profits are not taxed.
Depending on total assets, a 10% investment in gold is recommmended.

A good read: "The New Case For Gold"
Amazon.com

[2001villager]

I too use JMBullion. Usually about 3-4% over current spot.

[FredJacobs]

Originally Posted by Sabella

Anyone purchase gold recently who can recommend a honest , fair priced stable company to buy from. Any opinions on why the US currency will be worthless soon considering there in little gold to back the paper?

As I see it, most of these companies are selling collectibles and commemorative coins that they want you to believe will increase by the price of gold increases and the value of the coin increases by limited. I think that both of these conditions happening at the same time is very rare.

IMHO, you would be better off buying gold or silver ingots and not count on the coin increasing in value because collectors are beating down your door wanting to buy it from you.

One more thing - precious metals are considered collectibles and are NOT taxed at the capital gains rate of 15%. Collectibles are taxed at 28%.

[retiredguy123]

Originally Posted by 2001villager

I too use JMBullion. Usually about 3-4% over current spot.

3-4 percent to buy it, but how much do they charge when you sell it back to them?

[fcgiii]

Easiest way is to buy shares in gold Exchange Traded Funds (ETFs). I have two in our etrade portfolio: IAU and GLD. They trade just like stocks and thus can be in your IRA.

[Petersweeney]

They can make gold synthetically now - there’s a family like Da Beers that control it…..
Go on a cruise….

[David_H]

D & R Coin
352-389-3310
8602 SW State Rd 200, Ocala, FL 34481

[TNLAKEPANDA]

Unless Gold goes Way Up in value it is not a good investment. If the economy goes to heck what good is Gold? Who will buy it? The price of ammunition has gone up 4X and is in high demand!

Just my thoughts.

[tophcfa]

Originally Posted by CoachKandSportsguy

With interest rates rising, gold is less appealing, which is why gold hasn't done much recently, as the dollar has remained stronger than most currencies with the best economic growth and recovery outlook. So don't expect gold to go to $3000 anytime soon. . .

The recent performance of gold has been extremely disappointing, historically gold has skyrocketed during times of hyper inflation. I suspect a big reason for that is crypto investing. Our generation has always wanted to own some real tangible assets other than stocks and bonds and gold was considered the benchmark for that. Now many investors, especially younger generations, are comfortable owning something that is nothing more than a digital entry with absolutely no backing. Crypto has siphoned away much of the demand for gold. I want to queue up my physical gold for a quick sale if/when crypto ultimately crashes and burns because that’s the new trigger point that will send gold prices spiraling upwards.

[OhioBuckeye]

Thanks, you said exactly the way I thought. I always said anything the govt. has control over they could have total control, & the govt. can control gold. Like you said if you pay $100. For a piece or some gold there’s a middle man that gets his cut of your money. To me nothing is for free just like the $100. I spend. It just always seem like you’ll have to find a gold broker or like I said a middle man. I’ll take my chances with the good ole American currency. Just like some people think that currency might be a thing of the past, just like America might not be America in the yrs. to come. We live in a scary world now. God Bless America!

[rogerrice60]

The government has been printing "FREE"money money to boost the economy; their spending is out of control which devalues our dollar.
We can expect HIPPER-INFLATION soon wich will sink the dollar.

[Phpb2]

Good luck. Only thieves! Buy 30% under spot. Sell 30% over spot!
It used to be 5%. Now the mantra is “Hedge against inflation!” Who you gonna sell to? And with what currency? Thieves!!!!