Which gold bullion to buy?
I would like to buy some gold bullion coins/bars
It seems Bullion Gold Bar .999+ Pure - CMX (Sealed) (1.000 oz.) is the cheapest whereas the
S. African Krugerrand Gold Coin (1.000 oz.) cost a little more and the
Canadian Maple Gold Coin (1.000 oz.) , American Eagle Gold Coin (1.000 oz.) cost even more!
I believe the intrinsic value of the gold should be all the same between the items… Which is best to get for purely investing purposes. (I don’t really care how it looks, just that it would be easy to trade in the future..)
Thanks!
Related posts:
- Buy Gold Bullion - Why Gold Bullion is the Best Way to Invest in Gold Buy Gold Bullion - Why Gold Bullion is the Best Way to Invest in Gold If you’ve paid much attention to the news lately, you’ll have noticed that gold is...
- Investing In Gold Bullion Investing In Gold Bullion Article by G Smith For thousands of years Gold has been used as currency and been a highly prized...
- World Gold Bullion Coins: Gold Eagles, Gold Maple Leaf, Krugerrand, and More World Gold Bullion Coins: Gold Eagles, Gold Maple Leaf, Krugerrand, and More Coins are usually collected just as a hobby. But you can actually buy these things called gold bullion...
- American Eagle Gold Bullion and Silver Bullion Coins American Eagle Gold Bullion and Silver Bullion Coins The American Eagle Gold Bullion Coin was authorized by the 1985 Bullion Coin Act and rapidly ended up becoming the globe’s leading...
- Buy Canadian Gold Maple Bullion Coins As A Defence In These Times Of High Inflation Buy Canadian Gold Maple Bullion Coins As A Defence In These Times Of High Inflation Canadian Gold Maple Leaf coins are a way for investors who are skeptical of investing...
It all depends on how much you are looking to invest, but in general I would buy gold bullion and not numismatic coins. Plain coins are called rounds and just have a hallmark on them. If you were talking about buying a handful of coins I’d say get what you like, but if you want to buy significant volume I would just go with bullion for a couple of reasons.
Bullion is easier to store. If you are buying some coins and putting them in a safe it’s not a big deal but if you are buying 100 oz and don’t want to worry about storing it yourself. You mention that you plan on trading it. If you plan to be an active trader you will need to have it placed in storage so you can move it quickly. If you go with gold bullion you can opt for unallocated storage which is cheaper.
I have significant gold and silver holdings. I own bullion, both bars & rounds and I keep most of it in storage so I can trade it. My son took an interest in precious metals so I bought him a silver Buffalo/Indian Head coin as a gift because it "looks cooler"(his words) than rounds but it is a sentimental purchase and not an investment.
For fun? You should buy whichever you like!
But for "investment"? Don’t waste your money on gold! It does not "do" anything to generate value (the way stocks, bonds, or Real estate all do), it just "sits there" and looks shiny yellow… Gold, in fact, is still trading for HALF what it was worth when Columbus "discovered" the Americas, and (right up until the current "mass e-mailing-induced bubble") had been going basically SIDEWAYS for CENTURIES;
http://****gold-eagle.com/analysis_98/jmiller050598.html
We are still digging it up faster than the population is growing, so (in spite of what the guy says at the link where this graph is) it would be foolish to expect it to go anywhere but back to where it belongs, somewhere between $310/oz & $627/oz, and probably soon…
The bottom line is you should pay the least amount over spot that you can get away with. Having a recognized named attached to the item will help when it comes time to sell. Before you buy make sure you have an exit strategy for when you want to sell.
The differences in cost relate mostly to labor costs related to producing the coins and to some extent the demand for that particular product.