Quote:
Originally Posted by dennis in se pa
If you were buying gold which would you buy? Krugerrands?...
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Nope, though I have owned some...
Quote:
Originally Posted by flatbutt
AFAIK Kruggerands have a higher copper content than American Eagles.
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All 1 oz gold coins (Golden Eagles, Buffalos, Kruggerands, Mapleleafs) contain 1 oz of gold. I beleive that Eagles and K-rands have the same ratio of alloys in addition to the 1 oz of gold whereas Buffalos and M-leafs are 24 carat (.9999) pure. I've owned all of them, and Eagle/Buffalos command a slight premium over the others.
Quote:
Originally Posted by VincentVega
...If gold prices fall or drop and you want to unload quickly, which one is simpler and cheaper trade?
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Although you'll pay a bit above/below spot price, I can buy/sell whatever I want with a 5 minute drive to a reputable dealer. Probably varies depending on where you live. If the exchanges, Internet, etc. have an issue or the SHTF, I wouldn't count on being able to buy/sell GLD, and you will certainly be "low man on the totem pole" compared to the powers that be that you'll be competing against. Just my .02 worth...I traded most of my metals for dirt (land purchase) recently. Jim know this stuff better than I.
ps: Stay away from 100 oz silver bars...I did well because I purchased 'em when silver was lower...nobody wants 'em since silver shot up over past couple of years.