I don’t have much money to invest, what kind of gold coins should I start with?

Tough commodity for a buyer – gold is nudging $1000/oz in the US.

from experience i can say that investing in gold coins is risky and seldom worth something in the end. why don´t you invest in savings bonds instead?whatever you decide to do good luck.

What ever gave you the idea that you should be investing in gold? You have obviously done zero homework and you are going to be eaten alive by some rip off dealer.

I just sent you an email containing all the US monetary gold coins mande after 1933 (not counting bullion coins like the American Eagle. ) That was a joke: The St. Gaudens Double Eagle was the last one and stopped in 1933. By the way, the US mint does make gold bullion coins. Why would they do that if they were going to confiscate them? The US repealed the laws restricting private ownership of gold in 1986.

if we go into another giant depression you have alot more to worry about than the government taking your coins away (there are ways of hiding them so they wont find them). also you ought to know that swiss francs are a currency, not gold. gold is nearing $1000. I doubt you will be buying too many gold bars (they weigh 27. 5lbs, do the math on the value of these things).

If you want to invest in precious metals what I would do is open a trading account and buy some GTU. each share is worth a certain amount in gold and silver and if the company goes bankrupt you are entitled to that gold and silver (you cant, however, request the metal if the company is not bankrupt). each share trades for around $36 a piece. also there is no problem selling the shares where as selling actual metal may entail some difficulties. hope this helps.

I’m an experienced investor & I’m in and out of gold on occasion. I only use a very small part of my portfolio for gold. It seems crazy for someone with little money to invest most of it in one thing. . . . especially gold.

But. . . if you must, why buy coins or the metal? For under $15 you can buy as much gold as you want. There would be no shipping charges or storage charges or big “spreads”.

Simply buy the ETF for gold which is symbol “GLD”. Keep in mind in the 1970′s Gold hit $800 an ounce. It then dropped by 50% and took over 30 years to get over $800. Not a great “long term” investment.

Are you buying gold because you heard it is at record highs? If so don’t buy gold. Don’t buy any investment at record highs. Besides gold is historically the worst “investment. “

frankly, i would save until you had enough to buy 1-ounce Krugerrands. they carry one of the lowest premiums over the gold price, and they are the most recognizable bullion coins in the world. smaller gold is okay, but some of them have some numismatic element, which can be unstable, and i don’t think the extra premiums are worth it.

other posters have advised against gold simply because of the 1980 spike and subsequent crash. while it is true that you would have lost a ton of money in that particular instance, you have to ask the question, how many people actually did that? most gold bugs would have recognized gold’s ascent early on and ridden the price up to just below bubble levels.

i also don’t recommend gold ETF’s simply because you don’t really own the gold, but rather a share in what the ETF issuer says it owns. if the ETF were to go belly up, you might not get back what you put in. the risk is very very slight for corporate incompetence and malfeasance, but it’s there, nonetheless.

i myself don’t “invest” in gold, i have it as a permanent (never sold unless all hell breaks loose. . . ) hedge in my portfolio, being about 10% of my net worth, and rebalanced regularly. as i earn income i convert about 10% of that into gold, and sometimes i pay a lot, sometimes less, but the gold price is actually irrelevant to me. i also have a similar percentage in silver, and i’m currently overweight in silver.