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RE: Graded (slabbed) GOLD coins versus generic bullion

in #investing6 years ago

The only graded coins I do not like are graded bullion coins (by Apmex or MCM for example). Here the premium you pay will never earn itself back. Mintage is much too high and almost all coins are of the same quality.

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I am new to buying gold. I have two reasons for buying. 1.) I like it , its cool 2.) I want to have protection against a 2008 scenario.. What are your thoughts on reason #2

Precious metals investing is like an insurance policy. You will never get a 'market' type of return on investment, you hopefully never have to use it and it is all ways good to have. So yes, gold and silver are a great way to protect yourself from a 2008 type of even. PMs will not get you rich (unless your piles are high and deep) they will provide a hedge against the oncoming financial straits.

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