Gold bullion vs. Gold Numismatics
Craig R. Smith, CEO of Swiss America, discusses the price and value of gold bullion coins vs. gold numismatic coins on CNNfn's The Money Gang-Jan 31,2002
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yes a time machine would be a lovely thing for this as well as a couple other interests of mine haha
if only we were back in 1998 when gold was “cheap”
You can still get it in europe..
the gold market is manipulated and for such a stable investment it price fluctuates wildly.
gold is the only (besides silver and other very precious metals) way to back up your financial wealth. the FED (Federal Reserve) is owned by private companies, NOT by the United Sates government, and all interest rates are regulated by this(ese) PRIVATELY owned companies. All stocks are based off of federal reserve money, which is only worth the paper it is printed on. your money needs to be taken out of banks and traded in for precious metals which is actually worth some value. Listen.
My past financial advisor strongly discouraged me from investng in gold when it was 500-700 an oz, telling me I listened to too much Glenn Beck, Peter Schiff & David Walker; instead talked me into Muni’s, ORNCX just one looser w high fees. I lost $10K in 2008, then gold went over $1K. Thank God I payed attention to the 3 guys I was discouraged from. Gold @ $1500 this year? With the Obam/Palosi spenulus plan, my bet is on gold $ silver. People, STOP selling grandmas silverware& jewlery!
I second all that…also…look this whole arguement of Numismatic Vs. Bullion is a B.S. arguement..its my Dad’s Old Man mentality..here what I mean..when you have NO food…and you show a guy that coin he’s gonna say..its what? “It’s blah, blah. blah 1888..blah blah blah blah…and he’ll say…NO buddy it’s 1 oz of gold..that’s it..you wanna eat or not.?..and you’ll say..yeah your right..it’s 1 ounce of Gold.
Rarity ain’t noth’n but a word when people are starving! Just get Gold Period.
and for those who want to give me “tired Head” with the …”they will confiscate your post 1933 gold” I do not have time to show you all the reason why that won’t happen this time…if your really worried about that then BUY SILVER…heck you’ll make out better in the Long run…
My friends Grandfather died in 1998 he said and they found a box of Krug’s still in the plastics.. they said $50 on the plastic for each..I was like wow..what a miracle..your Grand Dad is gonna end up saving your ass..He said..not so much my Dad sold them for 200 a piece…
I puked in my own mouth when he said it..I asked how many?..he said there were hundreds of them.
His dad is a Banker..No Shit…if it wasn’t so true it would be FUNNY.
He told me this Friday! gold @$994 oz.
I wish gold was $280 today.
Why
So I could buy it at $280. I have very little gold.
yes it’s price can fluctuate wildly but no matter how much it goes down in price, it will never be totally worthless. unlike stocks that can be worth absolutely nothing overnight. the gold price can crash, but it will still at least be worth something. gold and especially silver is the way to go these days.
Junk silver, if you can find it
I regret not buying it when it was approx. $500 an ounze.
I’m buying silver at the moment, but I can’t figure out if Bullion is the way to go, or if I should just stick to 99.99% pure coins.
The US Government can legally confiscate your bullion. It is in the US Code. In fact, FDR did just that with gold in the 1930′s. He did not touch the numismatic coins.
D33Lux: keep buying silver. It is undervalued right now and there will be a serious industrial need, i.e. China, for silver in the near future.
So what? What would stop Obama from doing that today? Anyways, I’m asking about bullion coins vs bullion bars. The bars are cheaper, but less liquid.
i heard they were going to invest theyre money into gold because theyre value is so high and gold was always really high in price in stocks that if or when they do invest into gold… the price of gold will skyrocket because chinas investment into it and you will see your stock increase by a ton
but im not a stock expert but i do believe gold is the way to go in stocks
that is very true my friend.
my my, how things have changed… gold bullion is now beginning to go through the roof, whilst these commemorative type coins arent anymore. At the end of teh day folks, buy bullion, not collectables!! As the us goes into a depression, gold and silver bullion will increasingly become valuable commodities (particularly silver).
why do you think silver will increase in value at a higher percentage? what do you mean by your statment? please tell me?
Silver and gold ratios will narrow. Silver is only 10x rarer than gold and should have a value ratio of 10:1, so silver should theoretically be trading at close to $100 an ounce at a 10:1 ratio. In the past it has traded at close to this ratio. Currently it is at a ratio of about 70:1. In time the ratios will narrow back again, so silver has the potential to increase much more than gold through the ratio value alone. Also, don’t forget that there is more gold above ground than silver right now.
oops, I meant that Gold is only 10x rarer than silver, d’oh.