Where to Buy Gold Coins and How much Gold You Should Buy

Where do you buy gold coins? For non-collectible coins, I’ve done repeat business with Blanchard and Co., Inc. and I like how I’ve been treated. I would expect the same for you. And, I say non-collectible coins because I’m not a coin collector.

How many gold coins should you buy? When you buy gold coins do it as if the price is going to be cut in half tomorrow. Ask yourself how much you can comfortably afford to buy if that were to happen. That’s one way to make the right choice for you and your family.

This was my thinking when I was establishing my gold coin position:

What I set-out to do was to create a 50/50 hedge for any gold/cash storage. For example, ten years ago I wanted $5,000 cash so I matched it with a purchase of $5,000 worth of gold.

The idea being that with my cash and gold collecting dust, I wanted to at least have a chance to win the war against my lazy cash. And I did. Both are still collecting dust.

It’s a simple strategy no doubt. But it has worked for me. The key is not to not buy the gold for appreciation. If you do it will drop by half the next day. It’s simply an unwritten law of investing.

Think about it as a way to be your own banker. All your cash is backed up in your safe with gold.

FLASHBACK VIDEO: Blanchard Sells Brasher Doubloon Gold Coin for Record $7.4 Million

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.

E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.