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A Question for Precious Metal Investors?
I'm kind of new at this precious metals thing, but I know the difference between bullion and numismatic coins. What are some of the advantages and disadvantages of collecting both. . .or just one kind, i.e., bullion? Do numismatic coins need to be graded in order to sell for any kind of profit? I have done a lot of research and have come up with so many differing viewpoints. . . I am getting confused. Is there a real battleplan I can follow, or do I just need to go with my gut feeling?
I think I failed to make this clear. I have a diversified protfolio (yes, some in real estate) but my question was for precious metal experts. I'm just trying to get as much info as I can regarding this new venture.
1 Answer
- 1 decade agoFavorite Answer
Coins have value above their gold-silver content. They are collectable. Bullion has value relative to the price of gold - silver. You need to be sure you are getting high qualitity stamped bars. Investing in ETF (GLD) allows you to play gold without taking possesion.
I invest in the mining stocks CDE NEM SLW
www.kitco.com has a lot of information and sells precious metals. The Yahoo message boards for the symbols I listed have lots of discussion about buying physical gold
Good luck
