bubble_contagion certainly wins the award for funniest post (above) to this thread!
OK, someone asked about buying gold coins. Here’s my answer.
I buy lots of gold. I never buy coins.
Why not?
ANSWER: I’m interested in making money, and I can use a calculator (to analyze ROIC)
Any precious metals trader knows the answer to why it is better to buy BULLION instead of coins. The round trip “premium over spot price” is significantly greater on coin than on straight bullion. Buying coin puts your break-even-point farther away
You think your local jeweler is casting your custom wedding bands from a back room stock of melted Krugerrands? Ha! Make me laugh. You should do what that jeweler does.
Buy bullion from a precious metals broker, or more conveniently just trade the gold ETF, “GLD”
The emotional reason people actually buy Krugerrands (or similar gold coin) is to sit on the floor and play with them like Gollum from The Rings Trilogy and go into a “My PRECIOUS!” stupor when showing them off to house guests!
However, alternatively you’ll find that a 32.15 troy ounce gold bullion “kilobar” makes a damn impressive paper weight!
