Buying Gold or other precious metals

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  • Eastexasrick

    Isn't it pretty to think so.
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    Grumps21

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    We have bought some coins from Texas Precious Metals and I have to admit this is tempting.

    That’s a uge premium for a round. For that dough, I’d get a Silver Eagle. Hold value, and easier to sell since more people know what they are. Maples are a good deal too since they are generally priced below the ASE but have greater silver content. .9999 for the Maple vs .999 for the Eagle.
    Still, I get the draw to this coin so not knocking it. Some folks collect for the bullion value, others for numismatic value, and others for the artwork.
     

    Grumps21

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    It is too late to buy Gold this time.

    If you need a less risky precious metal, try Platinum or Palldium.
    Platinum and Palladium are more of an industrial metal IMO. I’ve thought about buying some - a coin or two maybe, but I’m undecided. If the industrial use of these metals ever craters or moves to a better or cost effective alternative, then value takes a hit. I need to study it a bit more. You could say the same of gold and silver to a certain degree, although they’ve been tied to currency and wealth going back a long time
     

    Rafe

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    It is too late to buy Gold this time.

    If you need a less risky precious metal, try Platinum or Palldium.
    I hear that. I'd started contemplating buying some gold bullion around mid-February. Then it started climbing and I held off. The spot price quickly jumped $150 before the end of March. Now it's been hovering up around $2,410 and as high as $2,470 since the beginning of July. So I've been sitting on my thumbs.

    Platinum does look a lot more attractive looking at the trends, but I know nothing about it. Guess I need to get in gear and do some research. 'Course, my history of investing speaks to the adage, "Buy high and get stuck with it." I also got in on the IPO for the DNA testing company 23andMe and felt pretty good about getting shares at just over $10. Now it's a penny stock and closed today at 37 cents. :(
     

    leVieux

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    Back when i was lucky enough to need Swiss Bankers, they advised that one is less likely to be hurt withy Platinum.

    Platinum is a “precious metal”. with some industrial applications. Long term it is worth a bit more than Gold, but is much less volatile.
     

    SARGE67

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    We have bought some coins from Texas Precious Metals and I have to admit this is tempting.

    It's not much more than today's actual price of silver at $27.00. Many times these commemorative coins aren't .999 and cost way over the actual value of silver. I'd go for it...
     
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