Hi All Looking at picking up my first bit of gold. What are your thoughts on either one of these. I have $500 for gold to spend today.
Well the $200 is legal tender so you have that as a buffer in case Gold becomes worthless (not likely!). Love the PM bars though; either way you can't lose both are fantastic haha
I subscribe to the adage 'coins for show, bull for a pro'... Total BS I know, I just love my bars. If your going to a dealer, have a look at each and make a decision - its your money so go with your preference
The problem I found with the minted bars (in the certicard) is that the cards quickly add up bulk wise. I'd go for the coin over the 10gram bar. As fishball pointed out there is a floor price on the $200 coin That being said, I'd prefer Perth Mint gold Kangaroo's over the $200 coin as the Roo's are a round number with respects to their weight in Gold. But that's just showing my bias towards round numbers (Damn Sovereigns)
Nugget i am going to corrupt you with the choice of all good Hollywood smugglers, the Krugerrand. As for the OP, you are making a safe choice either way. To be honest, I would go with whatever is cheaper. If you can get later year $200 for bullion prices (1989-) this might sway me, as they have a bit of numismatic value to them, mintages were low.
Remember, When you go, see if they have any later years. The bullion dealers don't generally care, but you might down the track.
