Im looking at investing in gold ands silver? | Forex Trends Daily

Question by Mark D: Im looking at investing in gold ands silver?
I?m looking at investing in gold ands silver,ive been looking on the local mint websites here in Australia and wondering if buying coins is any different to buying bars?
When buying a coin do you pay anything extra towards the fact It may be a limited coin or who may of minted it,what country it came from so forth.
I just want to buy the weight at the given price at the time and obviously keep all extras and fees to a minimum as I am only a small time investor.
Any tips would be a great help as I?m only new to all of this.
I have also been following forex trading with a practice account but don?t have a lot of faith in myself on there as with one small mistake you can lose the lot.
Web sites where I can learn the basics would be great too,but nothing that gives a 3 page speal about nothing then asks for my credit card details thanks.
Tanks

Best answer:

Answer by Scott Stevenson
It really depends on the coin?some you?ll pay a premium for it?s numismatic value, others you?ll be able to buy at very close to the spot price.

One thing with both bars and coins?the smaller the item, the higher the percentage markup. IOW, if you bought 10 1/10 ounce coins, you?d end up paying more than if you bought a one ounce coin.

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