02-06-2003, 10:59 PM
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Industry Role:
Join Date: Sep 2002
Posts: 10,592
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Quote:
Originally posted by Penn E. Less
Don't buy 10 ounce bars. Stick to 1 ounce bars. Easier to sell and doesn't require an assay of the gold if you wish to convert it into cash at a later date. One ouce Krugerrands, Eagles, Maples, etc. don't need to be assayed for their purity.
Krugerrands carry a smaller premium over Eagles, Maple Leafs, etc. so the price is cheaper. More importantly, they all contain one ounce of gold. The real bullion players pay the least amount of money for the most amount of gold. Don't get involved with numismatic coins, stick with bullion. Although a numismatic coin is gold and a bullion is gold, they are in two entirely different coin games.
Let me know if I can be of further assitance to you.
Penn E. Less
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Numismatics is a great market if you know what you are doing, and what you are looking for. Bullion is just easier to follow.
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