[Stephanie]

I’m someone who has always stuck to my basic FZROX investings, however I am in a unique situation right now where I’m considering purchasing probably gold coins abroad (but silver might be an option). For people who would actually consider buying gold/silver coins, what are your thoughts surrounding it? If you decided not to buy gold/silver, why not? Or if you decided to buy them, why? How easy are they to sell in the US?

Note: If you are very anti-coins for investment, I’d appreciate you skipping replying each of us have unique reasons why we do what we do.

[Barry]

It would help to know your why.

Why do you want gold or silver coins? You imply that it is for investment purposes, but even that doesn’t help us to know whether the coins are a good idea for you. Are you trying to use them to trade in the event of an economic collapse? Are you thinking they’ll appreciate in value in the near future and you’ll unload them for a profit? Are you thinking of them as diversification for your portfolio? What are you hoping to accomplish by buying gold or silver coins?

[Jason]

Sounds like you’re moving funds.. I’ll point out the fact that customs form talk about cash and cash equivalents.

Since you’re talking about coins with face value, I’d be concerned with the values. If you got silver bars.. those are NOT a ‘monetary instrument’.

Just something for you to research… depending on the value and customs limits.

[Joop]

I personally wouldn’t hold anything of very large value physically with me. It’s just so many risks associated with it. Also, for physical coins..I’m not sure how liquid that would be at all. I personally would just wire transfer the money from the foreign country into the US.

Sure, you have to report it as part of the anti money laundering watch that the US has for amounts that I exceed certain limits, but there are so many legit reasons why one wants to wire that laege amount of money too (e.g. medical, education, real.estate inv), etc.

I personally prefer electronic wire over anything physical..because I don’t want to deal with physically selling, storing and valuing them in the future. With electronic wires, I feel more confident that there’s a way to show transparency and a much better way to trace the origin/destination should something go wrong as well.

[Frank]

Physical metals are a sucker’s racket fed by doom grifters selling books and newsletters and con artists selling everything else. Come for the high fees and stay for the illiquidity.

It’s like buying all the stocks in FZROX individually and paying commissions for the privilege. Don’t forget to order paper stock certificates for when all electricity goes out for a year. Everywhere and all at once.

[Jeremy]

So I actually decided to put around 15,000 usd in silver before Covid to have diversity with my money. In 2 years I more the doubled my investment (I have since sold).

So it was very lucrative for me!! I now have a few gold coins and some silver but it’s not as big as it was during Covid

[Author]

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