>Coins that can be 'spent like money' are worth their face value, no matter how much you paid for them

See, gold investing is so confusing... that's why I was hoping someone knew something about it, because I'm trying to get schooled on this whole scene. The prediction is a US currency crisis is coming... which is why gold is sky-rocketing.



Government currency coins stamped with a "dollar" amount are not bullion coins, and have very little of the "metal" they are named after, like silver dollars and such. So if the US dollar hits a currency crisis, that silver dollar likewise will be basically worthless except to a collector if its a rare currency coin.

Gold bullion coins aren't marked with currency, they're actual gold alloy marked with their weight... so their worth is tied to the market price of gold minus a fudge-factor for the mint premium for who minted the coin itself. Usually fractions or whole numbers of an ounce. I did read that the smaller the coin, the less efficient the investment since you pay the same minting premium for each coin, thus more money wasted on minting and not on the buying of actual gold. Another argument for buying bars... no minting premium wasting your investment... The down side to bars is no government seal assures the quality and purity of the gold... you could be buying a brick of shit.

US minted coins cost more than South African coins for whatever reason, even though when melted they are worth the same.... so what I understand is paying the extra for a U.S. minted coin is dumb... which is why South African coins are a favored coin.

edit: I just saw this video which explained why US coins are more expensive. Basically US minted Eagle gold coins are "legal tender" in the US and therefore are not reportable transactions... so you could buy or sell millions of dollars of Eagle coins, and nothing is required to be reported, whereas South African or other government coins are considered a commodity transaction, and must be reported to the IRS on a form 1099B. So a major privacy factor in buying US minted coins... thus they cost more.

Man, so much to learn if you want to squirrel away some tender for insurance against a currency crisis.

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I'm thinking maybe invest in arcade tokens instead of gold coins.

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