If you talk to a gold dealer, they say buy gold bars... coins cost a premium for minting the coin, and the odds of having gold confiscated by the government (as the US did back in 1934 to citizens who survived the stock market crash by buying gold beforehand) is "less likely than being abducted by aliens" since the US dollar is no longer backed by gold.
If you talk to a gold money-changer, they say buy gold coins, because they can be spent like cash, and are less likely to be confiscated by the government to help it recover from a crash since even in 1934 the US Government didn't confiscate collectible coins, just currency gold. (Yet they are selling you currency coins, not rare collectible coins... so kind of a big hole in that argument).
Gold dealers and changers alike says get the gold in your hand, don't accept a certificate... if the shit hits the fan and that gold-broker company folds... you may never see your gold... you'll be stuck with a worthless piece of paper. Gold brokers say baloney, why pay all that shipping when they can hold it for you, backed and insured against loss.
If you go with coins, South African Kurrugands seem like the world standard coin, most widely used, and cheaper than the American Eagle gold coins... and gold, when melted down, is gold no matter who minted it.
Anybody here know anything about gold investing?
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Anybody here know anything about buying gold?
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Re: Anybody here know anything about buying gold?
