VFROOOM

First of all, I'm not much of a speculator.

I do not own individual stocks, just a handful of mutual funds and I do not subscribe to the "Sky is Falling Buy Gold!" crowd.

But I've always wanted to own 1 ounce of Gold. Anyone here have insight on what to buy?

The South African Krugerrand 1 ounce?


or US Eagle? 1 ounce?



BTW, I heard that throughout time, the value of 1 ounce of gold has always been roughly equal to a good business suit, so I'm not looking to owning gold shares or anything like that.

aralls

The Eagle is purdier - go with that.

magician

But the Krugerrand's shinier.

Incubus

That caught my eye too. Way shinier, unless it's the picture.

magician

The Krugerrand is alloyed with copper, whereas the US Eagle is, I believe, alloyed with silver; that would account for the difference in color. As for the reflectivity, perhaps the Krugerrand dies are more polished.

VFROOOM

Alloy? Can you explain?

For the Today price $651.16, I thought they'd be a 1 pure ounce of Gold.

magician

[QUOTE=VFROOOM,Dec 13 2006, 12:25 PM]Alloy?

VFROOOM

Ahhhhhh that explains it...Thanks!

quickysrt

is this purchased at a bank?


when it comes time to sell it back, does the buyer/seller(bank) purchase at set gold price or hagle like a car dealer?

aralls

not likely to find it at a bank. try coin shops.