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Do you like to Buy Gold bar or Gold coin ?

7 Answers

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  • 6 years ago

    I don't like gold as an investment nor as a hedge against total economic collapse.

    Precious metals retain their value against inflation. When investing for profit, that is better than burying your money in the back yard, but not by much.

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    Should the economy crash and money become worthless or nearly so; people will be trading commodities and services.

    You may not be able to convince your neighbor that your gold bars, gold cuff links or silver candy dish is valuable. Your silver or gold necklace is questionable. Most people know that gold is valuable but can’t tell a gold coin from a bus token.

    A one ounce gold coin is worth about $1200. Your neighbor may not be able to give you change when you wish to trade your gold coin for a can of beans. It will be all or nothing, unless you cut up your coin.

    If you are collecting some precious metals to protect against an economic disaster, then you are only interested in the true value of the metal. The one ounce silver or gold coins are suspect. (Many are not pure or are only plated.) People buy them for their collector’s value but, after a disaster the collector value drops to zero and they are merely coins. They are not common and their value not easily recognized.

    However, pre-1965 silver U.S. coins are easily identifiable and their value is well known. Nearly every household has a few of them in the back of a drawer collecting dust. After a currency breakdown, these may become the “coin of the realm.”

    These coins are also in small, easily tradable units, unlike a silver bar or a gold coin. They are 90% silver (Halves, quarters and dimes – not silver dollars.) One dollar face value of these coins contains 0.715 troy ounce of silver. They are called “junk” silver coins and you can buy them online for about 6% above "spot" silver value.

    If you are concerned that you may be required to relocate quickly and take only what you can carry then gold may be best for you.

  • 6 years ago

    Coin is better in a healthy financial system as the intrinsic value to collectors may increase along with the value of the gold.

    Coin is much worse in a poor financial system as you "most likely" paid for that intrinsic value already and now it's only worth it's weight in gold.

    However if you buy the coin at its low point and just pay the gold value price then coin is still better, as one day times will be good again.

  • 5 years ago

    gold bar

  • 6 years ago

    I would like to buy coins..

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  • 6 years ago

    BAR of course

  • 6 years ago

    yes I like.

  • 6 years ago

    No.

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