You should have claims on gold for delivery bars in vaults or futures contracts backed by exchanges. Owing a bunch of stuff that someone tells you is gold so you can tell someone else it is gold is just weird.
If you've got a 1908 double eagle, then it has collectors value. The kind of stuff you're buying from apmex, has no collectors value. These are bullion coins.
1 oz krugerrands have a low spread almost anywhere and are 'universal'.
For gold, I buy nothing else. For silver, I like US eaglesbut will buy generic rounds on occasion. the latter includes apmex products.
apmex is reliable but there other places that are usually a little cheaper.
try JM bullion.
What are you doing here? "investing" for price appreciation and inflation hedge? or collecting gold instead of baseball cards, beanie babies or Rembrandts?
If it is to make a profit down the road, isn't it interesting that a company that owns gold, and is encouraging others to buy their gold. Why buy advertising saying "the demand for gold is growing" or something similar, and then sell gold to others.
Figure your transaction costs (buying and selling) and then factor in your "storage" costs. (you wouldn't put thousands of dollars in gold under your mattress, would you?)
I'm thinking about buying gold from apmex (which from everything I have read is a reputable company). I'm looking at the prices and I'm kind of surprised how much variation there is for the same amount of gold. For example, I could buy 2oz of gold shot for just a few dollars above spot price which would be roughly $2600 or I could buy a 2oz Engelhard poured gold square for about $3600. Should I just buy as much gold as I can as cheaply as possible or is there actually a collectors market for gold? And if there is collectible value what coins/manufacturers are desirable? Thanks!
