Are gold notes a good investment? Would it be better to buy several 1/4 oz silver coins or a 1 oz bar? I'm thinking of when actually needed as the dollar loses worth not for a collector's item.
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (13)
sorted by:
Gold is much easier to sell than silver. You can go to just about any pawn shop or jeweler to sell gold. To sell silver you would have to find an interested counter party which may sound easy now, but go ahead and try it.
You are going to pay spot + premium. The size of that premium will increase as the coin gets smaller. So a smaller premium on 1 oz gold coin and a much larger premium on. 1/10th oz gold coin.
Selling a 1 oz coin is a large financial transaction. Selling a 1/10th oz coin is a much smaller transaction. So try to foreseen the conditions that would get you to sell. If you are trying to sell a 1 oz coin in a stressful situation where physical security is not assured, then it’s a risky transaction and the potential loss related to paying a higher premium may be worth it to reduce risk.
One of the basic characteristics of money is “sub divisible to facilitate commercial transactions” this was accomplished by having a combination of gold and silver coins of various sizes. You may want to reproduce this in your hoard.
Some 1 oz silver, some gold of various sizes. Junk silver is a possibility, but getting good money from it is hard. Focus on getting high quality coins so that the person you want to sell it to will have confidence in the coin without needing to perform acid tests on the metal.