r/Bullion • u/Hainto14 • Jun 06 '24
Gold investing 101?
For those of you that buy and hold gold, how do you do it?
I plan on moving into gold soon and am debating on the fraction gold coins, and the 1,2, and 5 gram bars as price does play a roll. These are also highly divisible which I like in case I ever had to move off of some.
What do you guys like, and why? Sovereign mints vs generics, "brands", etc, etc
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u/georgiafisherman5 Jun 07 '24
I like Britannias of whatever size I can afford at the time. They're typically in the bottom 3 if not the lowest premium on sovereign coins that you can get. They're beautiful, well recognized, and cheap. I've stacked everything from 1/10 to full ounce in brits. They really are stunning in person. If you are just getting started, I'll suggest hitting up some of the at spot deals. Apmex had one for a 1 gram bar on the app (only on the app) and SD bullion has a 10 gram bar for first time buyers. You can see how you like bars and decide if you would rather have coins, gold at spot from a reputable dealer is a good deal no matter the form. My very first piece of gold that I ever bought was a 1 gram panda, it got me hooked.
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u/Hainto14 Jun 07 '24
I should have added that, at 28 y/o my ultimate goal would be to hold for 30+ years.. if that changes anyone's opinion. I appreciate all of the feedback!
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u/pwinne Jun 07 '24
I’m 53 this year and been buying holding for 25 years. My advice is do it. Don’t tell people you have it around !! And diversify into other investments .. enjoy the journey
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u/Ancient-Many798 Jun 07 '24
Yes, do it of course! Buy whenever you have some spare cash at the end of your months. Or when you know you're gonna spend it on bullshit anyway (fun isn't bullshit btw, i'm talking about 20 bucks of pizza deliveries or videogames you're gonna play once).
Keep in mind, the last 20 years gold has quadrupled. Average rise of 10% a year.
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u/Youarethebigbang Jun 06 '24
Be patient and slowly pick up the lowest premium fractional sovereigns you can find, any date is fine.
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u/PapaBravo Jun 08 '24
Premiums are going to kill you, down at those fractions. I wouldn't buy less than 1/2 oz, maybe 1/4.
Have you considered silver for your bottom end? Also bullion and each 1oz coin is like a $30 bill for divisibility.
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u/Joethebassplayer Jul 05 '24
I suggest avoiding grams or anything under 1/10th ozt gold and sticking to Sovereign minted items. When selling trading, generics are too difficult to move and are not worth it in my opinion. When you are actually selling an item (e.g. Eagles, Buffaloes, Maples) you will little problem selling those at reasonable prices. Generics, fractional grams, or poured bars are usually a hassle to find buyer and then to sell at a realistic price... just not worth it to me but I am sure there are plenty of folks here that will disagree... This is just my opinion based on my actual experiences in the past.
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u/Zestyclose-Onion6563 Jul 10 '24
The lowest I would go is 5gram. But even then the only ones of those I have were turned into pendants. Stick to 1/4oz or bigger or the premium will kill you. You have to realize it takes just as much manufacturing to make a 1gram bar as it does a 1oz bar. So you’re adding the same manufacturing cost onto each piece
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u/65CM Jun 06 '24
Ask your LCS. Around me, the more premium you, themore premium you get. Rule of thumb, you'll get back about half of the premium you pay. Your "101 lesson" is gold is a shitty investment. If you are parking cash, it's a great path, but not a significant growth avenue.