I have quite a few clients that have been have been purchasing gold and silver coins. Granted we are not talking Scrooge McDuck quantities but more than the average person has. They are not expecting an impending apocalypse but they like to have the coins and bars.
Recently I was having a discussion with my son who was scoffing at me picking up 10 silver coins at the silver spot price.
He is a believer of having his bullion holding as electronic certificates or in mutual funds instead of coins and bars. He believes that the certificates are more marketable than the coins. I disagree both are easily converted into cash. But the coins may or may not have a slightly higher conversion cost.
But in the slight chance of an apocalypse I will have silver coins for trade and barter. Granted I won’t have seeds, water, guns or ammunition which would be more valuable. But in this scenario the coins and bullion are better than certificates or mutual funds.
So what is your investment preference?