pantone159
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Element collectors - Don't miss this 100 kg Au coin
http://www.canada.com/topics/news/national/story.html?id=d43...
Canada is introducing a new 100 kg, 99.999% fine, gold coin. Only $3 million each.
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Darkblade48
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And that's 3 million Canadian 
I'm sure I could do a lot more useful things with 3 million CAD though.
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egloskerry
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So you buy a 1000000$ coin for 3000000$? Seems like a poor investment to me!
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pantone159
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Face value for bullion coins is almost always just a nominal value, the metal is always worth far more. Nobody ever spends such things. (Even the
reasonably sized ones.)
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egloskerry
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You could buy a house with it. "Sir, this house is 3000000 dollars." "I'll pay in cash."
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Pyridinium
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| Quote: | Originally posted by egloskerry
So you buy a 1000000$ coin for 3000000$? Seems like a poor investment to me! |
I never could understand the reasoning behind buying a bullion coin that's priced at 2 to 3x bullion price. And then when you want to sell it, you
get... bullion price.
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pantone159
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It's not priced at 3x bullion price... It is supposedly just slightly over bullion price (I didn't calculate this myself) to account for fabrication
costs, some profit, etc. The face value is not the same as the bullion price, face value is much less.
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Pyridinium
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| Quote: | Originally posted by pantone159
It's not priced at 3x bullion price... It is supposedly just slightly over bullion price (I didn't calculate this myself) to account for fabrication
costs, some profit, etc. The face value is not the same as the bullion price, face value is much less. |
I should probably have looked up the current price of gold before saying that, but I have seen a few offers for "investment" bullion coins that were
most definitely at least 2-3x over bullion price. So in that case it wasn't much of an investment.
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Fleaker
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That's true pyridinium. That's why if you buy gold, buy it by the ingot. Don't pay extra for numismatic costs unless the coin is rare and you plan on
selling it at a show or something. If you're just after something to invest in and have as a hedge against inflation or a paperweight :p, go to http://www.kitco.com and buy away. I sell my gold, silver, and platinum to them and they give the best prices I have found. Good to deal with.
Neither flask nor beaker.
"Kid, you don't even know just what you don't know. "
--The Dark Lord Sauron
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Pyridinium
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| Quote: | Originally posted by Fleaker
If you're just after something to invest in and have as a hedge against inflation or a paperweight :p, go to http://www.kitco.com and buy away. I sell my gold, silver, and platinum to them and they give the best prices I have found. Good to deal with.
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Thanks for the tip, Fleaker. I have been thinking about buying a small piece of pure Au to experiment with gold compounds. After all, it is a "heavy
metal" and has some neat properties 
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