Buying Gold or Silver Coins

United States
June 12, 2011 3:26pm CST
I worry about the economy just like almost everyone else. And I wonder about what to do next. I am on a budget but I have a small savings. And I have some stocks -- but a very small portfolio. I do not want to buy any more stocks right now given the economy and the stock market. I am thinking of investing in gold or silver coins but I am new to collecting gold and silver. I am finding it very complex and confusing. Are there any mylotters who can give me some tips and advice? Should I buy from dealers or from mints? Can you recommend companies / institutions? Which ones should I stay away from?
3 responses
divitiae
@divitiae (193)
•
16 Jun 11
If I had to buy gold I would use an ETF as it is cheaper and more liquid but personaly I am taking advantage of lower stock prices to put more into the markets right now. ETFs are available backed by coins as well as bars or derivatives.
bostonphil
@bostonphil (4459)
• United States
16 Jun 11
This may be the time to go back into stocks. When the market seriously dived a couple of years back, I was able to buy a small amount of stock. And those stocks did right by me.
Gomer Magtibay
@magtibaygom (4858)
• Philippines
15 Jun 11
There's an old saying that says, "In every crisis, there's an opportunity". Well, why not start a business that will cater to people looking for ways to save money in this time of crisis? Like for example, by studying the buying psychology of most consumers in times of crisis, you will be able to identify businesses that are being patronized because they help people save money. A few examples of these are, discount clubs, membership shopping, bargain stores, garage sales, etc.
Savvynlady
@Savvynlady (3684)
• United States
13 Jun 11
This is a great time to buy gold and silver because eventually it will be in serious demand from what I've been told. You got folks begging for gold NOW but I am told that it will be even greater down the road so do invest in it. check out the silver coins store, I go there. same for you. Goldmine International is a company you may want to check out for that. hope it helps.