Does every bank sell gold/silver coins?i was thinking of buying some gold or silver coins or just gold/silver period to have for a investment, how much do gold or silver coins cost? and where can i get them? banks? coin shops? and is it true they go up in value? |
In some countries, the current bullion coins are sometimes available at banks or post offices, but the US isn't one of those countries.
Probably your best bet would be a coin shop. If you're looking toward just having some precious metal, and don't care about any numismatic value, you're going to want to look at "bullion" coins. The price is going to vary based on the "spot" price for gold and silver. Right now, that's $1367 and $28.55 per troy ounce.
If the value of gold and silver go up, then the value of the coins goes up. If it goes down, then so does the value of the coins.
I doubt your local bank will have gold or silver currency. You will either want to go to a pawn shop, some sort of coin shop, or the U.S. Mint website, or maybe ebay or something. Your best bet are gold or silver american eagles, these are the most liquid and most easily converted to cash. Look up the "spot price" of the metal you are buying before you get the coins to make sure your not getting ripped off by the shop. Nothing is guaranteed to go up in value. If it was, everyone would be buying them. Consider gold a bet against the US dollar and other paper "fiat currency" (Money not backed by anything REAL, just the good faith of the government issuing it) Considering how much money the US government has been printing lately and the huge almost 14 trillion dollar national debt. It would not surprise me if we have massive inflation in the years to come. Therefore gold would be a good bet. Anyways, hope that helps. I'm not a pro take everything you hear with a grain of salt and dont base any investing decision on what i have told you alone.
If your profile wold allow me to email you then I would be able to give you a better answer then I can here due to space constraints. However as the other posters have stated you can not get gold and silver at banks in the US. You have to go through dealers. The US Mint will not sell to the public directly except for high priced collectors coins.
I agree you should buy gold and silver but before you do you need to know what types of products to buy and why you want some types over others. If you want more detailed information the if you email me and provide and email address I can send you links and information. Until then I strongly suggest you take an hour out of your day each weekday and download and listen to the following program..
http://patriotarchives.blogspot.com/
This radio will give you a lot of information in a short period of time. You can also read my post here that explains about money and gold. My post is the second one down and I post as ALCAN1
http://gogomag.com/tvheads/viewtopic.php...
Feel free to email me at [email protected] if you want more info.
This Site Might Help You.
RE:
does every bank sell gold/silver coins?
i was thinking of buying some gold or silver coins or just gold/silver period to have for a investment, how much do gold or silver coins cost? and where can i get them? banks? coin shops? and is it true they go up in value?
I've never heard of a bank selling gold or silver, not since they stopped using silver coins as currency. Precious metals can go up or down in value, but lately they have gone up compared to our worthless paper money.
This site has good info on buying/selling/investing in gold and silver. It has current values and lists coins by name, like: American Buffalo and Canadian Gold Maple Leaf. Hope this helps.
http://investingoldandsilver.com/
