Should i buy gold coins now?

Question

Should i buy gold coins now?

Answer 1

Gold is fairly high.  The market trend for gold is up.  When the market looses faith in the dollar, Gold prices soar.

There is not much leverage in buying gold coins for the value of gold in it.  If you are a collector of coins, then the intrinsic value of the gold will have an effect on the premium you pay as a collector of rare coins.

You can buy Electronically traded funds like GLD, which represent one tenth of an ounce of gold.  If it goes up a dollar then you recieve a dollar. Down a dollar you loose a dollar.

There are also futures products that allow you to control 100 ounces of gold for $5,000.  so every .10 it moves you get 10.00 if you have picked the direction.

Most people that buy gold coins are collectors.  Because of the number of fake coins hitting the market, buyers will have to re assay your coins to be sure they are not fakes.  They sell them for a premium but buy them at a discount from you when you sell them..buyer beware...

Answer 2

why would you want to?  if you think they look pretty and just want to have some, do whatever you want.  if you think they're a good investment, though, you're pretty dumb.

why would you want to buy this as an investment after the huge run-up gold has had?  you're supposed to buy LOW sell high, not the other way around!