Anybody here collect Gold coins/Silver coins? Bullions?

[MrFrankenstein]

I think people should understand the difference between 'owning gold' - and 'owning a piece of paper which says you have some gold locked away safely somewhere.' The latter option is delusional. If you can hold the coins or bars in your hand, then you own gold.

Keep in mind that nations rise and fall, empires expand and collapse, currencies spread and then become meaningless - but 'gold' retains its value. It has done for thousands of years.

Its cute for those who are talking about 'investments' with gold - they're making an assumption that their currency/country will magically last, that their political system will somehow remain stable enough to allow them to get a 'return' on their 'investment' in gold.

As the dollar continues to weaken - the value of gold rises. Because its 'real' - unlike the dollar (or any other so-called currency).

The truth is: if you don't physically have gold or a precious metal (or some form of jewels) - and all you have is currency or 'promissory notes' - then you don't have anything except some ink on paper that someone else has made you believe has value.

[catman]

I have a complete set of Silver Eagles (I still need to get the 2010, but that won't be a problem). I also have a bunch of old silver dollars, a 1-oz Buffalo gold bullion coin, and a 1-oz platinum bullion coin.

I wish I had more gold & platinum, but it's $$$$$!

[Au/Ag Guy]

I am actively buying silver. Have talked to some well informed individuals who have debated the pros and cons of the market. Ted Butler is one of the most respected silver analysts that I pay attention to. He hasn't been wrong yet. If any one is out there and wants to share opinions and dialogue please post.

[Au/Ag Guy]

Catman.......consider your buying options carefully. Au seems to hold steady and if it continues upward it will do so at a lesser pace than Ag. All indications are pointing to skyrocketing Ag prices. The Au to Ag ratio has come down from 60-1 to near 42-1 (30%) in the last few months. If you are interested I will point you in the right direction.

[catman]

Yeah, silver is ridiculously high now! It was $33.98/oz yesterday. I thought I'd never see that. I'm more of a coin collector/element collector that a serious Au/Pt investor, anyway. Don't have that kind of money to spend. I wouldn't mind having a few ounces of rhodium!

[Retroit]

It'll be interesting to hear all the sob stories when this speculative bubble pops. Wish I had gold to sell, but I sure as hell wouldn't be buying it now!

My sister worked briefly as a bank teller. People would bring in silver coins and she'd give them face value in dollar bills or as credit to their account! (Then give me the coins.) Unfortunately, no gold pieces.

[catman]

When I was a kid, I could go to the bank and get silver dollars for a $1 bill. I'd like to have another crack at doing that!

[chucksnee]

Originally Posted by catman

I have a complete set of Silver Eagles (I still need to get the 2010, but that won't be a problem). I also have a bunch of old silver dollars, a 1-oz Buffalo gold bullion coin, and a 1-oz platinum bullion coin.

I wish I had more gold & platinum, but it's $$$$$!

You have all the "W" mints also?

I would love to see a pic of that....really, no joke..the 1995 coin..

Is your collection proofs?

[catman]

No, they are uncirculated. I have a couple of proofs, but not the whole set.