Quote:
Originally Posted by baddog
Apmex is who I was looking at, but I was looking at bars instead of coins. Is there some advantage to coins [or jewelery]?
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When investing in any precious metals ... ALWAYS take delivery of your purchases ... DO NOT TRUST ANYBODY to hold onto YOUR INVESTMENTS!!
Secondly ... make sure that you have enough that is easily divisible (that you can make small change) to last you for 3-4 months - just in case the economy does completely tank - you want to be able to sell off small quantities of your gold or silver, while leaving the rest of your investments in tact ...
It's easier to sell one 1oz gold coin/round - or use it as currency even, than it will be trying to use a 100oz gold bar to buy your groceries ...
Rule of thumb is generally have $5000 worth of small coins/rounds before you start hoarding larger bars ....