I am thinking about buying a $5200 pure gold coin (2 troy oz, mintage of 300). I am not sure if this is a good investment or not. Have anyone here collect gold coins? Is it a good investment overall? How difficult is it to sell it later on when I need money? I don't want to lose my shirt over this but I am so tempted to own at least one shiny 24k gold coin. :shrug:
http://www.mint.ca/store/coin/2-oz.-...2#.Uw2a9oVG5n8
Another option is the buy Gold mutual funds. They are much more easier to liquidate in an emergency.
Depending on your income level.... $5k is about the same as a used car or a vacation.
A hunk of gold may be sexy to have around, stuck in a vault, but gold mutual funds, like xlxo suggests is the way to go. Like our DD said to me, if anyone is thinking that holding a hunk of gold in their hands will help feed their family in some apocalypse, they're wrong. No one can eat a gold nugget or would trade food for it, but people can get cash for their mutual funds...cash will always be the commodity used for trading goods.
I have not experience about this procedure. So i can't say well about it. Sorry