Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Gold and silver coins
Old 04-18-2007, 03:33 PM   #1
Thinks s/he gets paid by the post
 
Join Date: Aug 2002
Posts: 1,322
Gold and silver coins

As a complement to hogtied's thread on how much cash one keeps around the house, how about gold and silver coins for TEOTWAWKI? A couple of people on that thread say they do keep coins. Any thoughts/recommendations on

- What kind of gold/silver coins to keep
- Where to buy them
- How to avoid getting ripped off at purchase
- Where/how to best secure them (generic, don't want your safe combo)
- How many coins and what denominations
__________________

__________________
FinallyRetired is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Gold and silver coins
Old 04-18-2007, 03:35 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Apr 2006
Posts: 1,487
Re: Gold and silver coins

Quote:
How to avoid getting ripped off at purchase
and how to avoid getting ripped off when you sell them!
__________________

__________________
d is offline   Reply With Quote
Re: Gold and silver coins
Old 04-18-2007, 04:00 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Sep 2006
Posts: 1,698
Re: Gold and silver coins

You can buy Englehard Silver at a reasonable price. 100 OZ bars can be purchased from a reputable coin dealer for $0.50 -$0.60 over spot and sold back at spot price. Those would be my reccomendation.

1 Oz Gold Coins Canadian Maple Leaf are typically $20 over spot and purchased back at spot US Eagles are $25-$30 over spot and if you look around can be bought back at 5-10 over spot.

I keep them in a safe deposit box. If you have enough money you can get secured storage in Switzerland. But even on a million dollar portfolio 5% in gold will only be about 71 ounces of gold which is not a very large a quantity. 5% in silver would be 3,000 ounces which would be rather voluminous
__________________
Running_Man is offline   Reply With Quote
Re: Gold and silver coins
Old 04-18-2007, 04:53 PM   #4
Full time employment: Posting here.
 
Join Date: Sep 2006
Posts: 678
Re: Gold and silver coins

Quote:
Originally Posted by Running_Man

1 Oz Gold Coins Canadian Maple Leaf are typically $20 over spot and purchased back at spot US Eagles are $25-$30 over spot and if you look around can be bought back at 5-10 over spot.
Note that you will have to pay sales tax if you buy foreign silver or gold coins. However, if you buy American Eagles (silver or gold) they are exempt from sales tax. If gold is at 680, and sales tax is 6 percent, then you can save about $40 by buying American Eagles.
__________________
JustCurious is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
The need (?) for disaster hedging pedorrero FIRE and Money 23 04-10-2007 09:41 AM
best gold and silver funds newyorklady FIRE and Money 22 03-02-2007 08:39 PM
It is NOT about the OIL after all doushioukanaa FIRE and Money 20 05-19-2006 01:07 PM
Gold mb FIRE and Money 199 04-17-2006 06:40 PM
New to the board - Greetings and thoughts Focu$ed Hi, I am... 14 04-08-2006 09:01 PM

 

 
All times are GMT -6. The time now is 04:58 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.