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.

 

The Eagle is purdier - go with that.

 

But the Krugerrand's shinier.

 

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

 

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.

 

Alloy? Can you explain?

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

 

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

 

Ahhhhhh that explains it...Thanks!

 

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?

 

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