I'm thinking of buying some gold coins
Any recs for reputable dealers?
Pobeka
(4,999 posts)Generally, you want to buy when it is low, not high, so you guard yourself from losing value over time.
multigraincracker
(32,688 posts)Pretty easy to buy and sell.
c-rational
(2,594 posts)investment in gold. You may want to check some out.
bif
(22,720 posts)Collectible ones, not necessary rare ones.
3Hotdogs
(12,390 posts)But as an investment, think twice.
You pay a commission when you buy and when you sell. The price of your coin has to rise above the cost of the two commissions in order to make a profit.
If you just want to invest in gold, buy shares of a gold mining company. Investment cost is from zero dollars to a couple of bucks per trade.
Mining shares rise and fall with the price of gold.
keithbvadu2
(36,829 posts)Ive purchased from them and have been satisfied.
Plus, you might want to consider the US Government, dont remember the site tho.
PoindexterOglethorpe
(25,862 posts)You can wear it, enjoy it, and maybe someday sell it.
rubbersole
(6,699 posts)I buy 1 oz US Mint coins for my grandkids every birthday an Christmas instead of presents. I've paid as little as $20 and as much as $34. Just bought 4 "dollars" at Christmas at $39 each. The reputable coin dealer suggested to wait until next year when he thinks they will be in the low $30's. Anecdotal, but I have trusted this guy for 18 years.