New Financial advise on Gold Coin Purchase

[El Diablo Blanco]

There are some smart guys on here so curious on your take.  The US Mint is releasing 100,000 - $100 face value  99.99% pure 1 ounce gold coins to mark it's 225th anniversary on April 6.  It's the second time they've released coins this pure.  It's also the first of a Series in the Lady Liberty line where she's not white.  She's going to be a black woman and every two years they're going to release Asian-Americans, Hispanic-Americans, and Indian-Americans.

Currently gold is $1200 an ounce and coins are marked up I believe 10-20%.  So it will be about $1400-1500 a coin.  Is this a decent long term investment?  I have stocks and other shit but want some tangible I can hold and lock away in a safe for a long time.


Just your thoughts on this.

[Yamcha]

x2.

Would like to invest in gold too

[ratherbebig]

"There are some smart guys on here"
lol
 

[El Diablo Blanco]

Here's the coin.  I don't care that she's black, ugly  or whatever.  I'm more interested in the value as a collector.  I do plan on getting the whole collection over the next 10 years

[ratherbebig]

yeah right

the minute you hear about a BLACK WOMAN on a coin you wanna buy it!!

i bet if one went through your surf history one would find a lot of interracial

[El Diablo Blanco]

yeah right

the minute you hear about a BLACK WOMAN on a coin you wanna buy it!!

i bet if one went through your surf history one would find a lot of interracial

I was really hoping for a tranny .  I'm betting that the controversy plus the special release will give this some value, but then again collectors years from now may not want this coin because she's black.

[ratherbebig]

i'd love to see rich piana on the gold coin!

[Tedim]

There are some smart guys on here so curious on your take.  The US Mint is releasing 100,000 - $100 face value  99.99% pure 1 ounce gold coins to mark it's 225th anniversary on April 6.  It's the second time they've released coins this pure.  It's also the first of a Series in the Lady Liberty line where she's not white.  She's going to be a black woman and every two years they're going to release Asian-Americans, Hispanic-Americans, and Indian-Americans.

Currently gold is $1200 an ounce and coins are marked up I believe 10-20%.  So it will be about $1400-1500 a coin.  Is this a decent long term investment?  I have stocks and other shit but want some tangible I can hold and lock away in a safe for a long time.


Just your thoughts on this.

whats the discount for being black and a woman 20-25% off?

[polychronopolous]

"Buy an index fund and go back to work" - Warren Buffett

[SOMEPARTS]

"Buy an index fund, make me rich - and go back to work" - Warren Buffett

[denarii]

if you want to buy gold cant just ask around a few pawn shops and see if you can buy coins at no premium?

[calfzilla]

"Buy an index fund and go back to work" - Warren Buffett

[Rambone]

Learn the futures/commodities domain and if you're bullish gold, buy a /GC future, sell puts in it, or buy GLD ETF which would be the easiest option since you wouldn't have to manage it. I'd never buy stuff that is marked up. That's ridiculous. No wonder they have money to constantly run their gimmicky commercials. A gold futures contract is 100 ounces, so the notional value of that contract is about $120,000 and would only tie up around $5000 in capital. But like I said, I'd learn the domain before jumping into futures trading. Tangibility means nothing and is used to sell marked up coins.

[TuHolmes]

There are some smart guys on here so curious on your take.  The US Mint is releasing 100,000 - $100 face value  99.99% pure 1 ounce gold coins to mark it's 225th anniversary on April 6.  It's the second time they've released coins this pure.  It's also the first of a Series in the Lady Liberty line where she's not white.  She's going to be a black woman and every two years they're going to release Asian-Americans, Hispanic-Americans, and Indian-Americans.

Currently gold is $1200 an ounce and coins are marked up I believe 10-20%.  So it will be about $1400-1500 a coin.  Is this a decent long term investment?  I have stocks and other shit but want some tangible I can hold and lock away in a safe for a long time.


Just your thoughts on this.

Personally, if you are going to invest, then you should just get into buying gold from people. I have a couple of friends who bought their own equipment and just make their own gold bars.

Get it hot enough to burn out the impurities and you're good to go. You could also do it with Silver. Don't go buying it from anyone for actual cost. Do what the gold buyers do and give people back a percentage of the value of their gold or whatever. Don't pay retail.

[doggler]

 

Why take a financial advice  from random getbigger when you have getbig legend Vince Goodrum ?

[polychronopolous]

The Oracle of Omaha

[mphgrove]

My own opinion: not a great investment choice.  Go with stocks, bonds, real estate, etc. first.  That said, I have seven or eight gold coins in my safe deposit box. If I get some extra cash along the way, I sometimes take $1200 into the gold dealer and buy a coin I like and just pay the commission which is pretty steep. It is fun to get the coin which you can touch and feel.  I don't buy jewelry so it's kind of like that. Then I tuck the coin away at the bank. I've never made much on them but it's kind of rainy day spending source in case things got REALLY bad out there.

[TuHolmes]

My own opinion: not a great investment choice.  Go with stocks, bonds, real estate, etc. first.  That said, I have seven or eight gold coins in my safe deposit box. If I get some extra cash along the way, I sometimes take $1200 into the gold dealer and buy a coin I like and just pay the commission which is pretty steep. It is fun to get the coin which you can touch and feel.  I don't buy jewelry so it's kind of like that. Then I tuck the coin away at the bank. I've never made much on them but it's kind of rainy day spending source in case things got REALLY bad out there.

Met a guy through some friends... They called him "Silver Guy".

He would save up tons of cash during the downturn, buy silver bars from my friends, and then bury it in his backyard under a tree.

Asked about him when I talked to my friends last time. Dude hasn't been seen or heard from in a couple of years.

[Mr Anabolic]

The Oracle of Omaha

This crony old coot is a bankster/Fed reserve/status quo shill... fuck him.  Do yourself a favor and read about Warren's father Howard Buffet, who was a very intelligent, honest man with integrity.

Howard Buffett strongly supported the gold standard because he believed it would limit the ability of government to inflate the money supply and spend beyond its means.[14] His son Warren Buffett is not an advocate of the gold standard

[polychronopolous]

This crony old coot is a bankster/Fed reserve/status quo shill... fuck him.  Do yourself a favor and read about Warren's father Howard Buffet, who was a very intelligent, honest man with integrity.

Howard Buffett strongly supported the gold standard because he believed it would limit the ability of government to inflate the money supply and spend beyond its means.[14] His son Warren Buffett is not an advocate of the gold standard

The amount of money you spent on gold would be much better served invested in food, ammunition, silver and copper which would be far more useful in a doomsday type scenario.

[ratherbebig]

The amount of money you spent on gold would be much better served invested in food, ammunition, silver and copper which would be far more useful in a doomsday type scenario.

you forgot steroids

i think its safe to say than when the shit hits the fan and it will be between the natural and the juiced the juiced will prevail!!!

IN THE FUTURE

EARTH WILL HAVE A DIFFERENT NAME

JUICE WORLD!!!

ALL HAIL THE JUICERS OF THE NEW DAWN

[polychronopolous]

you forgot steroids

i think its safe to say than when the shit hits the fan and it will be between the natural and the juiced the juiced will prevail!!!

IN THE FUTURE

EARTH WILL HAVE A DIFFERENT NAME

JUICE WORLD!!!

ALL HAIL THE JUICERS OF THE NEW DAWN

22s will be the norm

[ratherbebig]

im getting pumped just by thinking of it

what if doomsday come sooner rather than later

it will take some times for the JUICE to kick in

i feel an urgency!!!

[Mr Anabolic]

My own opinion: not a great investment choice.  Go with stocks, bonds, real estate, etc. first.  That said, I have seven or eight gold coins in my safe deposit box. If I get some extra cash along the way, I sometimes take $1200 into the gold dealer and buy a coin I like and just pay the commission which is pretty steep. It is fun to get the coin which you can touch and feel.  I don't buy jewelry so it's kind of like that. Then I tuck the coin away at the bank. I've never made much on them but it's kind of rainy day spending source in case things got REALLY bad out there.

Stock and bonds are paper instruments with no tangibility.  RE (along with stocks and bonds) are in a the biggest bubble in history... mostly precipitated by federal reserve stimulus (about $4-6 trillion pumped into the stock market since 2009 to keep it afloat).   When these bubbles pop, people aren't going to know what hit them.  

It's good to have some cash on hand (in a fireproof safe) in case of emergencies.  

Gold and especially silver are fairly cheap right now.  I always buy on the large dips.  I've been buying silver since 1985 and gold since 2004.  

The gold coin the OP is asking about is overpriced.  All commemorative coins (like the one above) do not appreciate all that much unless they have errors or they are extremely low mintages.  Gold will always be worth something.  If you like the coin, buy it for that reason, but not for investment purposes because it will not appreciate all that much.  If I was going to spend $1400-1500, I'd rather put it into a MS graded $20 Double Eagle.  I prefer the St Gaudens $20 gold coins (1907-1933) for investment purposes.  You are purchasing a piece of true history.    

[Mr Anabolic]

The amount of money you spent on gold would be much better served invested in food, ammunition, silver and copper which would be far more useful in a doomsday type scenario.

I already have all that stuff... in significant amounts.  Last time I took count, over 20K rounds of ammo.