Mint price comparisons for 2012 Buffalo Gold Proofs had a mark up price of $ 250.00 at $ 1,960.00 for the 1 ounce. The Platinum American Eagle Proof was $ 209.00 at $ 1,892.00. It is said Platinum is 35 % rarer than Gold. Platinum is an industrial metal used in the medical field. It does not degrade if inside the body with a needed medical instrument. Although Platinum coins are not as widely followed as Gold, it is another choice one can take with investments but doesn`t have the same eye appeal. I am not seeing enough price gains to consider the Platinum coins as an investment at this time.
Some have been investing in Bitcoins. Me personally I do not invest in what I do not understand and they have no backing, so it is in my view another phantom investment such as our tax payer backed dollar currency.
Something else to consider also which can be revealing, this happens on occassions. I recall back in late 2008 and early 2009 the Bald Eagle Proof 3 coin set was selling on Ebay for less than the U S Mint cost after they were sold out. Today they are selling in the mid $ 400.00 to $ 600.00. One cannot get in too much of a hurry trying to flip coins for a profit. I was a purchaser of one set from Ebay and yes bought for less than U S Mint price.
In general the proof coins will gain in value with patience. Most Bullion coins however will follow the spot price of Gold. This is the reason I look for gaining net wealth over precious metals spot prices.
As far as diversity spreading investments between the two is practical as well as other investments. I would like to caution those who trade in the paper currency, stocks etc. The Dow is at an all time high but our National Debt has not declined. It is troublesome that our national debt is dangerously high considering everything. Just saying !!
Please read my whole blog before committing yourself to these investments. Knowledge is power.
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