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Dec 30th, 2023
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 Gold
#12488846
11/02/17 12:11 PM
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Joined: Apr 2014
Posts: 9,019
Jpurdue
OP
TFF Celebrity
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OP
TFF Celebrity
Joined: Apr 2014
Posts: 9,019 |
I'm thinking of buying some gold to augment the investment portfolio. Where do you guys buy and do you recommend bars or coins?
"Bragging may not bring happiness, but no man having caught a large fish goes home through an alley." -A.L. www.LunkerLore.com![[Linked Image]](https://i.imgur.com/ckGplwut.png)
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Re: Gold
[Re: Jpurdue]
#12488852
11/02/17 12:15 PM
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Joined: Mar 2015
Posts: 13,176
UGLYSHCTICK
TFF Guru
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TFF Guru
Joined: Mar 2015
Posts: 13,176 |
Just want to make folks smile, and spit coffee on their keyboard.
If you put beans in your chili, you don't know beans about chili.
God doesn't create temporary people, you will spend eternity somewhere. Choose wisely.
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Re: Gold
[Re: Jpurdue]
#12488853
11/02/17 12:16 PM
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Joined: Jan 2010
Posts: 11,733
MrRoachie
TFF Guru
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TFF Guru
Joined: Jan 2010
Posts: 11,733 |
God loves you just as much as anybody else!!
Jesus offered His life as a gift for you. Please accept it!
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Re: Gold
[Re: Jpurdue]
#12488855
11/02/17 12:20 PM
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Joined: May 2007
Posts: 45,491
WAWI
TFF Guru
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TFF Guru
Joined: May 2007
Posts: 45,491 |
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Re: Gold
[Re: WAWI]
#12488861
11/02/17 12:22 PM
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Joined: Jun 2008
Posts: 11,422
Bass&More
TFF Guru
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TFF Guru
Joined: Jun 2008
Posts: 11,422 |
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Re: Gold
[Re: Jpurdue]
#12488863
11/02/17 12:24 PM
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Joined: Oct 2006
Posts: 105,343
Bigbob_FTW
Big Sprocket Bob
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Big Sprocket Bob
Joined: Oct 2006
Posts: 105,343 |
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Re: Gold
[Re: Jpurdue]
#12488865
11/02/17 12:27 PM
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Joined: Apr 2014
Posts: 9,019
Jpurdue
OP
TFF Celebrity
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OP
TFF Celebrity
Joined: Apr 2014
Posts: 9,019 |
Wow you guys are particularly useless today.  Nobody out there keeps a small <5% portion of their portfolio in gold?
"Bragging may not bring happiness, but no man having caught a large fish goes home through an alley." -A.L. www.LunkerLore.com
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Re: Gold
[Re: Jpurdue]
#12488868
11/02/17 12:28 PM
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Joined: Oct 2006
Posts: 105,343
Bigbob_FTW
Big Sprocket Bob
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Big Sprocket Bob
Joined: Oct 2006
Posts: 105,343 |
Wow you guys are particularly useless today. Nobody out there keeps a small <5% portion of their portfolio in gold? nobody here has a portfolio. 
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Re: Gold
[Re: Bigbob_FTW]
#12488872
11/02/17 12:33 PM
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Joined: May 2003
Posts: 17,895
Chris B
TFF Guru
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TFF Guru
Joined: May 2003
Posts: 17,895 |
Wow you guys are particularly useless today. Nobody out there keeps a small <5% portion of their portfolio in gold? nobody here has a portfolio. You may want to try the Texas Country Club Forum.
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Re: Gold
[Re: Bigbob_FTW]
#12488873
11/02/17 12:33 PM
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Joined: Jun 2008
Posts: 11,422
Bass&More
TFF Guru
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TFF Guru
Joined: Jun 2008
Posts: 11,422 |
Wow you guys are particularly useless today. Nobody out there keeps a small <5% portion of their portfolio in gold? nobody here has a portfolio. Spot on correct Bigbob_FTW   
Last edited by Bass&More; 11/02/17 12:34 PM.
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Re: Gold
[Re: Jpurdue]
#12488874
11/02/17 12:33 PM
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Joined: Feb 2015
Posts: 4,788
Flippin-Out
TFF Team Angler
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TFF Team Angler
Joined: Feb 2015
Posts: 4,788 |
If you're going to buy the physical precious metal, I would say go with coins. Those seem to raise fewer eyebrows when you get ready to sell some. Bars can be poured easily with any alloy mix. When I had metals, I wasn't thrilled with all the hands out in the buy/sell process. When I did it, I had to pay to have bars assayed by a bonded metallurgist before they could be sold. It wasn't cheap. I have since decided to make my "gold" investments via ownership in ETFs that in turn own gold, mining leases, etc. I have found that to do very well for me without seeing gains eaten by all the buy/sell fees.
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Re: Gold
[Re: Jpurdue]
#12488909
11/02/17 12:59 PM
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Joined: May 2002
Posts: 6,135
JCG57
TFF Celebrity
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TFF Celebrity
Joined: May 2002
Posts: 6,135 |
Gold ETFs that hold the commodity are an efficient way to invest in the metal. No need to store coins or bullion in a safe and very fast and easy to liquidate your position. If you want to hold coins, I would go for ones that have no numismatic value baked into the purchase price, such as South African krugerrands.
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Re: Gold
[Re: Jpurdue]
#12488914
11/02/17 01:05 PM
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Joined: Mar 2008
Posts: 34,599
cocodrie
TFF Guru
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TFF Guru
Joined: Mar 2008
Posts: 34,599 |
My FIL bought a coin for 4800. He then sold it a few years later for 4000 to buy a 4 wheeler. Talk about one poor investment after another.
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Re: Gold
[Re: Jpurdue]
#12488923
11/02/17 01:14 PM
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Joined: Sep 2005
Posts: 28,129
Uncle Zeek
aka "Mom"
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aka "Mom"
Joined: Sep 2005
Posts: 28,129 |
APMEX is a reliable, trustworthy source for gold and silver. Be patient and watch for their sales at just a few dollars over spot price.
Bullion coins are, in my opinion, a better purchase than gold bars. Common coin types are easier to verify as genuine without doing an acid test or assay. I prefer US pre-1933 gold coins, but theres many common gold coins with widespread acceptance, like British sovereigns or Swiss 20 franc coins.
Modern bullion coins are good too.
"Decency is not news; it is buried in the obituaries --but it is a force stronger than crime" ~ Robert A. Heinlein
Artim Law Firm, PLLC
Estate planning & tax attorney AND 07/02 FFL
2250 Morriss Road, Suite 205, Flower Mound, Texas 75028
972-746-0758 mobile
zac@artimlegal.com
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Re: Gold
[Re: Jpurdue]
#12488935
11/02/17 01:20 PM
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Joined: Oct 2013
Posts: 2,604
UTDmiller
Extreme Angler
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Extreme Angler
Joined: Oct 2013
Posts: 2,604 |
Bitcoin hit 7300 earlier this morning, dropped back to just under 7k... buy that instead 
John Miller
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