Quote:
Originally Posted by Grapesoda
Thanks, how much would be a good investment? 5K 10K 1K?
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That's really up to you to decide and also depends on what your goals are. It wouldn't treat it as a one-time investment but rather something you add to once in a while.
If you are worried about the fall of civilization so in the prepper sense, it's better to buy silver coins. You'd be able to barter easier then with a 1oz gold coin due to the value. You might be able to trade a few 1oz silver coins for a tank of gas etc. The problem with silver is that it weights a ton. You can have like 15-20kg of silver coins and its worth as much as a handful of gold ones so it's much harder to move and takes much more room to store.
If you are buying to hedge against inflation, probably 1oz gold coins. As much as you want to spend for initial investment and then buy an ounce here or there then the price is good. Stick to the top 6 gold coins, people know them and if you need to sell they are easy to verify. If a canadian maple leaf coin is real, it will weight exactly 1 troy ounce, it will be EXACTLY x mm thick, exactly x mm wide, etc. If any of the measurements is incorrect, it's not real - there is no other metal that would allow the weight and size to be exactly correct. Gold bars require special equipment to test if it's real.
As for storage, if you don't have a super heavy safe that would be very hard to move, get one of those home hardware closable buckets, put your coins into a jar, put the jar into the bucket, fill the bucket with sand and bury it in on your property somewhere.