Gold Bullion Buyer Beware? How About Buyer Aware?

. . . We've said it before: caveat emptor . No, wait, someone else said that. We said, be a good consumer, realize that these coins come out of the mints at between 3 and 4 percent above spot gold prices, and that there are coins available out there for between 6 and 8 percent above content. Pay 10% or more, and you could face a situation familiar to all too many in the rare coin niche (those are being flogged with the 'confiscation' bull as the excuse): that is, that gold prices may head north, while your coins head the other way in value (as supplies improve and premia decline). As for buying the metal at current levels, if you have not done so at all previously, well...go ahead and buy - but do so with the idea of not needing to cash in.

Timely caveats are offered by Max Chen, courtesy of ETF trends:

"As everyone is proclaiming the wisdom in buying gold and buying more gold, is it blasphemous to be uttering the idea of shorting gold and related exchange traded funds (ETFs)?" . . .

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