Buying GOLD and SILVER

[TheGreatSatan]

I want to put some money in GOLD and SILVER. I'd like to buy coins and the like to have them around as future investment. Is 24K the best? What about Silver? Is $19.99 a good price for these coins?

https://www.getmorgans.com/spark/index.php?ai=19#

They're selling on Ebay for $40+ each, why only $20 with them^?

[jdbnsn]

I would imagine there is a way to check the official value of the metal you are interested in. And your choice in investments is a good one, don't rule out gemstones either, more expensive but when civil war breaks loose and the american greenback becomes nothing but toilet paper the precious metals and gemstones will retain their value. Another great option, get quite a gamble, it to predict who will win the upcoming WWIII and exchange currencies, although you still run the risk of governmental collapse in their home country as well. But when it comes to WWIII, there is no better currency then food.

[Zephik]

Gold is definitely great to invest in. Silver would be the alternative investment in my book, since gold retains its value and becomes more valuable over time more so than silver. At least thats what I've been told, so don't hold me to that. :p

But my dad has about twenty silver dollars, I think thats what they are anyways. They are pretty cool, but they aren't worth as much as MY single gold coin. :devious: (or so he says they aren't worth as much, he's a tricky one though. lol)

I have a Twenty Dollar Double Eagle and it is worth approximately seven hundred dollars. For that ONE coin! So that also makes me think that gold is a better investment than silver.

You also have to look out for those rare items, especially with coins as I understand. The same coin I have, but with a different year or something like that, is worth like twelve hundred dollars because of the rarity of the coin to coin collectors. Which is why I like to invest into coins, because they are a double whammy. Not only are they rare metals that retain value and gain value over years, you also have the coin collectors who will pay however much more than its already worth for a rare coin.

I don't know about gemstones, I've never owned any so I've never looked up their value. But I would only imagine that they would be a good investment as well, just not sure if they are worth more or less than silver and gold. I guess it depends on the gem. Meh, I would collect them just because they are pretty. haha. Hey don't mock me though, just look at diamonds. Thats practically the only reason why they are worth so much, because of their high brilliance when cut right or whatever. -_^

[jdbnsn]

You're definately right about gemstones being more complicated to appraise, I can't even tell the diff between a diamond and cubic Z. But a skilled appraiser can differentiate two diff stones that look the same to me into two vastly diff values. But the reality is that diamonds are only so costly due to DeBeer's monopoly on them. Their headquarters is stuffed with diamonds that they keep away from the free market to ensure that they remain a somewhat rare resource. But gold is pretty easy to appraise, even the purity can be determined by someone who has a college physics textbook and a bowl of water.

[Indybird]

Coincidence?

http://i8.photobucket.com/albums/a29/Indybird/8018138a.jpg

-Indybird

[jdbnsn]

hahaha, nice catch. But no, not a coincidence, the google adsense grabs keywords on each page and tries to match the appropriate ad. I've noticed that the header image I see most on the main forum is the best case scenario (some other company). I changed the side ad to text based just now by the way, it should take a load off of the dial up users.

[Indybird]

hahaha, nice catch. But no, not a coincidence, the google adsense grabs keywords on each page and tries to match the appropriate ad. I've noticed that the header image I see most on the main forum is the best case scenario (some other company). I changed the side ad to text based just now by the way, it should take a load off of the dial up users.

Regardless I didn't even know they had ads for random stuff like that. It was pretty much exactly what you were talking about.

-Indybird

[TheGreatSatan]

I love having coins in hand too. The value of Gold rises as the value of the dollar drops. Gemstones are interesting too. Seriously though. See how Unvaluable some of these HIGH carat stones are.

Ruby (http://cgi.ebay.com/SPECTACULAR-10-02-Cts-natural-Africa-Ruby-Oval-Facet_W0QQitemZ220195710118QQihZ012QQcategoryZ1025 7QQssPageNameZWDVWQQrdZ1QQcmdZViewItem)

Topaz (http://cgi.ebay.com/Excellent-Electric-Pink-Topaz-Heart-48-65-CT-NR_W0QQitemZ220196653252QQihZ012QQcategoryZ110898Q QssPageNameZWDVWQQrdZ1QQcmdZViewItem)

AMETRINE (http://cgi.ebay.com/NR-65-08-CT-AMETRINE-EMERALD-CUT-AAA_W0QQitemZ320212744121QQihZ011QQcategoryZ110786 QQssPageNameZWDVWQQrdZ1QQcmdZViewItem)

[Zephik]

Hmmm, I think pink topaz is laboratory made. I think I remember reading about that somewhere. Anyone know?

Thats another thing you have to watch out for, especially with gemstones. Like jd said, most of us would never be able to tell the difference, but a professional would.

[J-Roc]

Personally i would think ingot's are the best method of holding precious metals. With coin's there is more fluctuation due to the type and rareity of the coins. Allthough it can work to your benifit on occasion.

[Edit]
Forget gold salvage, after looking into it, its only profitable on a massive scale.

[TheGreatSatan]

So no saving old Procs?