Gold Bullion - do I need to buy MS70??

I'm buying bullion as "insurance" and am trying to figure out if I need to spend more on the MS70 bullion. For example, on the blanchardonline.com website - there seems to be no rating for most of the bullion - is it ok to buy it for resale later on? Or should I be certain of the grade before I buy anything?

Public Comments

1. Nope. Not unless you plan to hoard it in your family and sell it as a rarity hundreds of years from now. Otherwise you should simply care about the price/troy ounce not the "beauty rating" of the bullion you plan to purchase.
2. If you are looking to buy gold as insurance why not just consider the StreetTracks ETF "GLD"? Seems like the costs and maintenance would be much less than actually physically buying buillion, no?