I mostly go with the metal itself. Same reason as Chris or Red, or whoever said it; I want it in my hand. Tangible asset.
I do have CEF; Canadian closed end fund, which holds Au and Ag. It may also benefit from the $ falling against the Loony.
Have a little Harmony Gold, a little PAAS, from when they bought out Corner Bay. Mostly, I stay away from the stocks.
I buy my coins from the local dealer. Most have about the same prices. I buy in $1K lots, when I save up the money. Avoids the 7% Calif. sales tax. Buying in person saves S&H fees.
I figure metal is metal; doesn't matter whose name is stamped on it. 9 out of 10 Chinese won't care if it is the Eagle, or a Swiss Franc, or the politically incorrect, and therefore cheapest, KRand. All they see is the shine of the metal. Last few times, I've been buying 2 oz of Au ( he recently has had only US Eagles) and the balance in silver.
I haven't bought any rounds yet, but they are the cheapest. Put out by the producer, with their name on it; so what, gold is gold.
I haven't been buying any numismatic quality stuff. No proof sets, etc. I figure the premium won't be worth it; the metal should appreciate more than the collectable. 9 out of 10 Indians know squat about Proof. 9 out of 10 Moslems don't care diddley about Maple Leaves, eh? Metal is metal. 9 out of 10 constipated babies don't give a shit.
Rat |
