Posted on October 18, 2015 by Martin Armstrong
QUESTION: Hi Martin, What advice can you give for buying gold coins? Rare coins can have a small or large premium based on all sorts of metrics. How do premiums perform in crisis? Are very rare coins a good strategy? What percent of net worth would you advise in metals?
Thanks for a great blog,
ANSWER: Stay away from premium dates and high grades. If you are buying U.S. coins, stay with common dates and circulated is just fine. No MS65 stuff and try to stay with $5, $10, and $20 coins. Premiums will decline with rising gold prices and expand with declining prices.
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