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Don’t Get Ripped Off

December 31, 2012 by  

Dear Bob,

What gold coins should I buy to make sure I’m not getting ripped off?

Thanks,

Richard Z.

Dear Richard,

First of all, don’t buy numismatics. They are collector’s coins and their cost is inflated because of their collector value. I prefer coins that are marked as 1-ounce coins, as their value is easily determined: the American Eagle, African Krugerrand, Australian Kangaroo and Canadian Maple Leaf. The Eagle usually carries the highest premium. The premium on the others varies. I actually think silver is a better buy right now and recommend pre-1965 U.S. silver coins (junk silver), the American Silver Eagle or any 1-ounce silver bullion. Your best bet is to find an established local dealer with a long history. Don’t be shy about contacting the Better Business Bureau to ask about complaints.

Best wishes,

Bob

 

Bob Livingston

is an ultra-conservative American and author of The Bob Livingston Letter™, founded in 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

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