Gold coins as investment

[visual...@yahoo.com]

Please I'd like to hear from someone in the know about this.

Are gold coins (like the Candian gold maple leaf) purchased from a bank
'cashable' at (the bank) at a later date? What I mean to ask is can
these coins be 'sold back' to the bank at a later date if and when
their value appreciates and I want cash for them. Or are they regarded
as just jewelery and have to be sold else where?

Are some gold coins of equal gold content worth more than others over
time?

Thanks

[Wes Chormicle]

The bank has little or nothing to do with gold bullion (such as Eagles,
Maples or K-rands). You want to buy them for as close to spot as you can
(usually NOT at a bank). When it comes time to sell them, check with your
local coin shops and see what they buy them for that day. If you are
dealing in quantities of about 15 oz or more, you can get a pretty deal from
places like www.tulving.com , for smaller quantities, check with your local
coin shops. The bigger the city you live (or shop) in, the better the price
(usually).

Also don't be afraid to ask the local shops if they have any specials.
Sometimes we buy a bunch of one type and want to turn it quick so we lower
the price. Keep in mind that the spread on metals is pretty thin, so don't
expect to see a ton of difference between dealers.

At the moment we have quite a few 100 Corona Austrian gold coins that we're
selling at spot.

[Peter Irwin]

Wes Chormicle <wchor...@sprynet.com> wrote:
>
> The bank has little or nothing to do with gold bullion (such as Eagles,
> Maples or K-rands). You want to buy them for as close to spot as you can
> (usually NOT at a bank). When it comes time to sell them, check with your
> local coin shops and see what they buy them for that day.

If the poster is in Canada, it is not necessarily insane
for him to buy and sell gold through the Bank of Nova Scotia.
It is also a good idea to check with local coin shops, but
Scotiabank does have a retail bullion business through its
bank branches, and it could be worth checking terms at your
local bank.

Peter.
--
pir...@ktb.net

[richard schumacher]

In article <1138579493.9...@g43g2000cwa.googlegroups.com>,
visual...@yahoo.com wrote:

Gold coins are just about the last thing that anyone should invest in.
They should never be more than a few percent of one's net worth. If you
have any credit card, automobile, or mortgage debt, don't buy gold.