In response to a thread I started a few days ago, What do you see gold doing over the next several weeks? Buy now, or wait?, I decided to pull the trigger on a 1-oz Gold Buffalo.
I decided to do this because I believe that:
1. We will see more QE.
2. Our national debt will continue to rise, making the prospect of raising interest rates all the more unlikely once this iteration of QE is finished.
3. We're gearing up for more overseas warfare, which will cause the price of gold to increase.
I also expect the debt crisis in Europe and Japan to eventually spread to here, and all along the way the price of gold will be increasing. In the short term, I think we'll see some fluctuation in the price of gold, but I'm convinced it'll be in a bull market for over the next 5 years, at least.
I went with the Buffalo because I thought it was an awesome looking coin, and it was .9999 pure (just like the Canadian Maple) as oppose to the Gold Eagle with was .9167. The higher purity better appealed to me for investment purposes.