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Personal Liberty

Donít Get Ripped Off

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Unread 12.31.12, 07:02 AM
@PersonalLiberty @PersonalLiberty is offline
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Donít Get Ripped Off

12.30.12 10:01 PM

Dear Bob,

What gold coins should I buy to make sure Iím not getting ripped off?

Thanks,

Richard Z.

Dear Richard,

First of all, donít buy numismatics. They are collectorís coins and their cost is inflated because of their collector value. I prefer coins that are marked as 1-ounce coins, as their value is easily determined: the American Eagle, African Krugerrand, Australian Kangaroo and Canadian Maple Leaf. The Eagle usually carries the highest premium. The premium on the others varies. I actually think silver is a better buy right now and recommend pre-1965 U.S. silver coins (junk silver), the American Silver Eagle or any 1-ounce silver bullion. Your best bet is to find an established local dealer with a long history. Donít be shy about contacting the Better Business Bureau to ask about complaints.

Best wishes,

Bob






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