Investing in Gold Coins

I have a few coins but I am by no means an expert. I was wondering if anyone here invests in Gold Coins. Gold as a precious metal has gone up and down and is projected to hover over 1100 an ounce this year. With the falling value of the dollar and lowering of the interest rates, seems that Gold is a good hedge in todays economy. Does anyone here see not so much Gold Bullion but Rare Gold Coins as maybe being a good investment?

[quote]edboze wrote:
I have a few coins but I am by no means an expert. I was wondering if anyone here invests in Gold Coins. Gold as a precious metal has gone up and down and is projected to hover over 1100 an ounce this year. With the falling value of the dollar and lowering of the interest rates, seems that Gold is a good hedge in todays economy. Does anyone here see not so much Gold Bullion but Rare Gold Coins as maybe being a good investment?[/quote]

The rare gold coin argument sounds to me very much like investing in baseball cards or something.

The logic of hedging against the falling dollar makes sense, it’s what brought gold from 300$ an ounce 5-7 years ago to the present 800$ or whatever it is now. As far as I am concerned gold is presently overvalued and therefore not a great investment. I’d like to read other’s opinions on this though.

How far do you think the dollar will fall? When will you sell? Gold is pretty high right now. This might not be the best time to buy.

Buy low, sell high.

Invest in a property instead. :slight_smile:

FYI, gold is subject to higher cap gains taxes than are stocks and bonds - the IRS categorizes gold as a “collectible” and its tax rate is 28%.