Gold and silver coins

[FinallyRetired]

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

 

[d]

How to avoid getting ripped off at purchase

and how to avoid getting ripped off when you sell them!

 

[Running_Man]

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

 

[JustCurious]

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.