gold question.

[movonne]

Does anyone have any thoughts as to what would be a better investment at this time.....l oz. gold bars, or gold collectible coin sets.

[wuushew]

1. What is your investment timeframe?

n/t

[movonne]

3. I am not sure what you mean by time frame....I am not looking for a quick profit..

am looking to sort of hedge my bets against inflation. I was told the collectibles increased much more percentagewise than the gold bars when gold went up.

[CountAllVotes]

11. Gold is good IMO (and silver too!)

and yes, you can always sell it. I have a list of companies that buy/sell gold, including places like kitco.com.

I'd suggest buying gold coins. You might look at Vienna Philharmonics too (they are minted in Austria). They are 1 oz. of 99.9% gold and quite a discrete investment.

Some financial planners recommend that you have 10-15% of your assets in gold and silver.

You might also consider looking at the usmint.com and have a look at their gold eagle proof set for 2007. I was just looking at it (I bought two of the silver proof sets myself for $44.95 each) and it was selling for Price: $1,449.95. They also have the gold buffalo 1 oz. coins for sale there too. I sure wish I had the money to buy one of those right now (Price: $825.95+ shipping - yikes but a beautiful investment)!

Note: It is easier to find buyers for uncirculated gold snd silver coins rather than buyers of proof gold/silver. Perhaps AMPEX might be a place worth checking out ( :shrug: ). http://www.apmex.com/ (they buy/sell all sorts of gold/silver).

You might also check here for prices and other info. here: http://www.pcgs.com/prices/ . You might also consider joining a forum or two and learn all you can before you invest. :)

:dem:

[dipsydoodle]

2. I'd have thought

bars because sets have got inflated prices and at the end of the day if you needed to realise them quickly you'd only get scrap value.

[Old Codger]

4. Tossup really

Gold itself, is more subject to fluctuations than gold coin sets, but gold coin sets will cost much more than the same weight in gold. Gold bars or raw gold will go up or down on a daily basis, but you can liquidate it immediately whereas gold coins must be either sold to a coin shop for what would amount to wholesale prices depending on how soon you would have need of the funds...In order to get full "retail" price for gold coins may take a while...I have dealt in gold from the mining end and would love to have the last gold I sold back right now as it went from the $240.00 OZ to where it is today (about $635.00 or so)

[snappyturtle]

5. I know people say to invest in gold but how do you barter with gold?

What do you do with it once you have it? I know this is really stupid sounding but I truly have no idea. I've often thought if I saw REALLY BAD times coming I'd buy all I could of something people would really want not to give up and didn't have an expiration date......e.g. toilet paper! If money is of no value wouldn't a commodity like tp be good?

[EstimatedProphet]

6. I would say the coins. Here's why:

Gold is really high right now. It might go up, but likely it will go down, in the long run. Coins can be and often are graded, and that gives them an extra collectible value over the bullion value. Bars are strictly bullion only. so graded coins have an extra buffer against falling value.

[kirby]

7. Gold teeth is where all my money is invested... n/t

[Colorado Progressive]

8. My family collects gold and silver coins and bars

in different types/sizes/amounts. An ounce bar is a lot of gold, if you ever needed to spend it, it might be hard to get change. Not saying you shouldnt do it, but having come from an "always prepared" background, I was taught to collect everything from silver quarters and dimes to ounce coins/bars. Because its real money, as opposed to the numbers in a computer somewhere. The collectible stuff (ie US mint proof sets) that I have collected over the years have all gone through the roof too. So, I guess diversify, and you probably cant go too wrong with any of it.

Taking off the tinfoil hat now....

[texastoast]

9. Gold mining pollutes with arsenic n/t

[safeinOhio]

10. Look into

Non collector gold coins. You can get gold peso in small weights with little premium. Will be able to trade in smaller amounts. Bars have to be tested and that can make them harder to trade. Gold is Gold. I'm in a divorce and my (cop) wife stole all my gold and silver. Good luck.

[DFW]

12. I would say coins

I would not go in for modern stuff, recently minted bullion stuff
smartly packaged and marketed, but essentially you are buying gold
and some fancy packaging. Some of that stuff goes up by accident if
an issue is unpopular at the time of issue and becomes scarce by
virtue of no one having ordered it when the mint was pushing it, but
you can't know that in advance, and when the fad dies, your coin is
just a hunk of precious metal again.

I'd go for the older stuff, especially now, where the premium is low
on the 80-150 year old stuff. If you are contemplating a substantial
purchase, say over $10,000, definitely ask a wholesaler for a quote.
HA.com has that kind of stuff in stock most of the time, but depending
on where you are, you might want to go for a local dealer unless you
have sales tax in your state. Many states have removed sales tax on
investment-sized purchases, but check with your local laws so as not
to be in violation. I know that Texas has no sales tax on such purchases
if they total over $1000, but it varies widely from state to state.

Whatever you do, GET INFORMED FIRST!!!!