Is it a good idea to invest in gold/silver coins?

Public Comments

1. yeah. if silver goes up in price those old coins go up too. if silver goes down the coins remain valuable as to collectors. when the world economy suffers the next hit (probably in less than a year or 2) all commodities should skyrocket in value. "if you bought gold 20 years ago at $800 an ounce?....and sold it today at $800? your profit would be ZERO ....and yet you held on to it for 20 years?" unlike the last 20 years for the last couple years gold has held steady at or about 7-8 hundred dollars an ounce but has fluxuated a lot between that number and over 1000 dollars. when the next crisis hits it should go up to 1400 while holdiong steady at or above 1100. the next crisis would push it up to 2000 dollars.
2. if you bought gold 20 years ago at $800 an ounce?....and sold it today at $800? your profit would be ZERO ....and yet you held on to it for 20 years? imitation is the sincerest form of flattery...suns copied my answer
3. Traditionally gold and silver bullion coins have been a rather poor investment. You'd be better off in gold or silver stocks if you believe that gold and silver prices will rise.
4. "Invest" is the operative word. In my opinion the history of the commodities market underlines the fact that the only time to buy is when there is blood in the streets (The gold bugs have been crushed for years) and the time to sell is when everybody has a brother who is "into" buying gold for investments (the gold bugs are king of the hill). If you don't know what you are doing it will crush you just as surely as the dot.com bomb and flipping houses. The only difference is that the commodities market is so small (dollar wise) that bubbles and crashes are common rather than rare. Do I think that we will have $1200 gold in the next 12 months? Yes, probability is better than 50/50. But (and its a big one), I wouldn't be a bit surprised to see gold closer to $300 than $2400 in three years. You have got to be very sure you aren't the last sucker buying gold at $2000 on its decade long plunge back to $300. Remember oil at $150 on its way to $300? The commodities market is a very fickle beast. With so many people convinced that inflation must rage and gold is the answer, contrarians like me are forced to bow out quickly. So many people cannot be correct and/or timely. (Full disclosure: I own 2010 calls on GLD at $100...roughly equal to gold at $1000oz...in my speculative portfolio)
5. Assuming a dooms day scenario, which regrettably might be closer than we might think, there will be only one medium of exchange that is acceptable--gold and silver. Credit cards and paper money will be worthless. Whiskey might be a good holding also and dried beans and rice. Matches, water purification tables, and 22 bullets too. The smaller denominations will be of more use than the larger--dimes, quarters. Silver 1 oz will be used only for major purchases. Gold will buy darn near anything, even the 1/10 oz coins. So it might be a good idea to have some silver and maybe a little gold on hand just in case. Might also give some consideration to those other items I mentioned.
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