what is better to have gold stocks or coins or bullion?
Public Comments
- i think the stocks have more leverage
- coins, the older ones are worth a lot
- coin far and away, in my book- uniform and small quantity, as opposed to bullion, and stocks are just paper, not gold.
- Stocks.
- Here are considerations. If you won coin or bullion, it can always get stolen. If you own a great enough quantity, then the cost of storage takes away from your investment profits. If you own stocks, their value has only a rough correlation to the spot price of gold. In a down market, the stock can drop more than the spot price and stay down there for quite awhile. MY ANSWER: If you are not talking larges amounts, then store coins in your safe deposit box. (and price them around and by as cheap as you can...prices vary from dealer to dealer)
- Go to Yahoo Finance and check out Central Fund of Canada -- symbol CEF. It is a closed end fund that owns physical gold and silver. It is safer than owning companies or coins. Caveat emptor!
Powered by Yahoo! Answers