Chris (@Psychedelic_Sunflower) on getquin

3Mon·

Hi everyone,

I would like to buy physical gold $965515 (+0.72%) physical gold. I am considering either bars or coins, as I really want to have access to it in all crisis scenarios. So no gold ETC with a delivery option such as $EWG2 (+2.92%)

I would take 10-20g bars if the choice falls on bars or coins with 1/2 troy ounce.

Now my question: What would you favor and why? Coins or bars?

24 Comments

Stefan@InvestmentPapa

3Mon

There are at least 100 different opinions on this. To make a long story short: It's purely a matter of taste. If you prefer to hold gold directly in your hand, then coins are the first choice. If this is relatively unimportant to you, then take the small bars (10, 20 etc.) and these in the original blister pack (different variants depending on the manufacturer). In the end, it's really more a matter of preference. Just a note: If you take half ounces in coin form, then please only take those with close to the spot price, i.e. Maple Leaf, Krugerrand, Philharmonic, at most Britania. Everything else is often traded at a slightly higher premium.
As far as resale is concerned, there should be no problem as long as the coins are without scratches or edge damage and the bars are in their original packaging.

@Michael-official As always, thank you for your attention.

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~ Michael 💎 🏅@Michael-official

3Mon

@InvestmentPapa

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Rmann@Epi

3Mon

Imagine what happens in times of crisis and in which scenario you need gold. If it's only a minor crisis (economic depression), you don't need gold. If the shit really hits the fan, it's of little use to you either. Gold is only a crisis hedge in some intermediate scenarios.
Then imagine what would happen if hundreds of counterfeit bars were suddenly in circulation (there were a lot of gold bars with cobalt cores in Germany in 2012!) Certificates of authenticity are even easier to forge. Then you need a trustworthy body to certify the authenticity for you and the buyer.
If you want to avoid this stress, I would go for well-known coins that are difficult to counterfeit. The new Maple Leafs are a safe bet with their engraved hologram.

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philoro1@philoro1

3Mon

Hi Chris, coins and bars are often very close in price. At the moment you can buy common #gold bullion coins such as the Krugerrand or Vienna Philharmonic at low prices/close to the gold price. Dealers have bought a lot of goods from customers with the rising gold price. Stocks are correspondingly well filled.

Work out how much 1g of the product costs. Then you will get a feel for it.

If you decide to buy bars, make sure that you buy certified bars (Valcambi, Heraeus, etc.). You won't have to reckon with price reductions if you sell again at some point.

Personally, I would opt for coins. I like the motifs. You can't go far wrong with a Krugerrand, Philharmonic or Maple Leaf. If you prefer classics, take a look at 20Sfr Vrenelis. These are also common.

There are plenty of dealers

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Land S.@Bloekendesschaf

3Mon

I bought my first gold coins in 2006 and have never regretted it. The advantage is that if you want to turn it into money, it takes a little more time than selling a share or similar. You may find another way to cover a financial gap that you wanted to cover with the sale. That's what happened to me several times and I still have these coins. The purchase price at the time was around €600, but I can't remember exactly. That's why I would actually regard gold as an absolute emergency reserve and never sell it again.

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Opa@PicturePerfect

3Mon

Ever heard of GoldRepublic? I buy physical gold there and they keep it safe.

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Chris@Psychedelic_Sunflower

3Mon

The decision has now been made for half ounces of 2024 Maple Leaf. Original as issued by the Royal Canadian Mint and will not be unwrapped