Last updated: June 16, 2025 at 10:00 AM
Summary of Reddit comments on "Krugerrand 1 oz":
Krugerrand as an Investment:
- Gold is seen as a hedge and store of value, but not a great investment: "Gold does not increase your money. It's supposed to preserve your wealth instead."
- Selling Krugerrands and investing in a 529 account is advised: "If I were you I would sell it all and put the resulting $26,000 in a 529 account."
- Comparison with other investments: "Look at the 10-year returns of gold vs the S&P and the answer should be obvious."
Selling Krugerrands:
- Selling options: Sell via local jeweler, coin shop, or online sale sites like Reddit. "With a 5-10 year time frame, I would be selling and putting my money into a diversified market fund inside a 529."
Caution on Investments:
- Considerations for financial aid: 529 accounts may be accounted as assets against financial aid. "I believe they are accounted as assets and will work against you if you will be seeking financial aid for your kids."
Authentication and Fakes:
- Cautions about authenticity: Some Reddit users pointed out potential fakes and advised caution with defective coins. "Beware of defective coins that are real but manufacturing defects."
Personal Experiences and Recommendations:
- General advice: Recommended selling or investing in education funds. "Sell them and fund plans for kids. Much better than two coins each."
Other Comments:
- Enthusiasm for the gift: "What an awesome gift! That’s almost 30k."
- Interest in specific transactions: Users expressed interest in specific transactions, such as buying or selling particular coins or goods.