If you have faith in our leaders of commerce, don't buy gold.
The markets from a physical viewpoint and the theorems behind 6 replies
Trading/Investing in physical gold 4 replies
DislikedI found a video that has some good info that might help you get started (here's the accompanying article) https://www.youtube.com/watch?v=MgOEoSTQq_AIgnored
DislikedHowever I would like to know if any of you actually own physical gold and if you do, what your purpose is for holding it? I actually do own physical Gold.Ignored
Disliked...My portfolio is mostly in Crypto right now, I am planning on liquidating at least 20% into psychical gold. I'm told it's always good to diversify!Ignored
Disliked{quote} So whats the difference between buying a 1oz Buffalo from Apmex for $1,378 vs directly from the US Mint for $1,660?Ignored
Disliked{quote} I was the same way...in fact the first coin I bought my wife was very upset. I told her I was going "gold shopping" and she thought I would come back with some jewelry for her...She still thinks gold is 'worthless" unless you can put it on.Ignored
Disliked**Edit** Ah I get it...the one from the US mint is UNcirculated and comes with a certificate of authenticity. I believe the uncirculated part is why they are demanding the premium. Of course the minute you buy it the coin becomes "Circulated" and you might lose the premium...but the collector here would know that better than I. Ric? What do you say?Ignored
Disliked{quote} Ha! When you buy for yourself you need to buy for your wife. They're not interested in trading or assets! I'm going to start with some simple bullion coins, makes it feel more like money. So many choices though, any recommendations?Ignored
Disliked{quote} Ah, the US mint one also comes with an "elegant hardwood box with a matte finish and a leather-like inset". For the almost $300 extra I would expect real buffalo leather straight from the animal pictured on the coin.Ignored
Disliked{quote} I'm fond of the Canadian Maple leaf...but don't forget to buy a little something for the significant other...perhaps a freshly minted candy necklace?Ignored
DislikedBuying a physical gold is a challenge in itself, many fakes out there. I would buy from the most reputable company possible and/or additional test it myself, not just the outer layer (scratch test) but inside also. There are some good methods for this, not that easy/cheap however. Wouldn't you wonder if the gold bullion is REAL, the whole weight of it?Ignored
Disliked{quote} They do look nice! This one caught my eye: https://www.apmex.com/product/191837...s-first-strike I won't impulse buy, but if I'm still game by next week then I'll commitIgnored
Disliked{quote} Whole heartedly agree. In fact many reputable dealer will have a spectrograph (I think that's what its called) that will show you the quality of the metal without having to damage it.Ignored
Disliked{quote} That seems a bit over priced to my eye...again I'm not a collector and have no idea what the premium should be for a "1st strike" but I'm not sure its worth close to $1,000. Compare here...these people are reputable...I have done business with them myself. https://www.pacificpreciousmetals.co...aple-leaf-9999Ignored
Disliked... But getting two coins for near the same price? Now it's getting temptingIgnored
Disliked{quote} I was the same way...in fact the first coin I bought my wife was very upset. I told her I was going "gold shopping" and she thought I would come back with some jewelry for her...She still thinks gold is 'worthless" unless you can put it on. {quote} I agree...it is good to diversify.Ignored
DislikedAh I get it...the one from the US mint is UNcirculated and comes with a certificate of authenticity. I believe the uncirculated part is why they are demanding the premium.Ignored
Disliked{quote} So whats the difference between buying a 1oz Buffalo from Apmex for $1,378 vs directly from the US Mint for $1,660?Ignored
Disliked{quote} My goal in life is to be as decked out as the guy in that video: {image}Ignored