Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

3Hotdogs

(13,635 posts)

4. Coins, for the sake of coins, is one thing. I like coins. They are fun to hold, especially gold.

Reply to bif (Original post)

Mon Jan 16, 2023, 09:00 PM

Jan 2023

But as an investment, think twice.

You pay a commission when you buy and when you sell. The price of your coin has to rise above the cost of the two commissions in order to make a profit.

If you just want to invest in gold, buy shares of a gold mining company. Investment cost is from zero dollars to a couple of bucks per trade.

Mining shares rise and fall with the price of gold.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

9 replies

= new reply since forum marked as read

Highlight:

I'm thinking of buying some gold coins [View all] bif Jan 2023 OP

Don't know if it matters to you but gold prices look historically high now. Pobeka Jan 2023 #1

Silver has been doing well. multigraincracker Jan 2023 #2

There are a number of shows on coins, most relating to collecting and rare coins vs. an c-rational Jan 2023 #3

I'm interested in coins. bif Jan 2023 #8

Coins, for the sake of coins, is one thing. I like coins. They are fun to hold, especially gold. 3Hotdogs Jan 2023 #4

Beware of 'collectible' gold coin scams. keithbvadu2 Jan 2023 #5

JM Bullion Dan Jan 2023 #6

Buy gold jewelry instead. PoindexterOglethorpe Jan 2023 #7

Silver is as high as its ever been. rubbersole Jan 2023 #9