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 Replies: 22 / Views: 3,471 |
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Pillar of the Community
United States
3670 Posts |
"Still accumulating silver though."
You know it brother you an I both....
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Pillar of the Community
 United States
863 Posts |
I have found that it is very difficult to find gold coins and when I do find one there is often a premium attached. I have been lucky enough to be able to buy decent silver coins including morgans for spot
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Pillar of the Community
United States
808 Posts |
Quote:
...in that case why not go all out with D colored, VVS, well-cut diamonds? Ah! And the advantage still goes to gold! Unlike diamonds, gold is easily divisible without destroying value and has maximum liquidity. In an emergency, It'd be much harder to recover maximum value from a large diamond unless you just happened upon the right buyer. An unlikely prospect, to say the least. |
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Pillar of the Community
United States
1454 Posts |
The average person wouldn't trust diamonds, anyway. Too easy to fake and likely no equipment readily available to test authenticity/quality. But silver is still a better barter item than gold, IMO.
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Pillar of the Community
United States
3670 Posts |
Like BF says diamonds are forever as if you buy one you are stuck with it FOREVER....
Did anyone see where that jeweler in France seems like just made the worlds first entire diamond ring, cut from one diamond, the band an all at over 150 CC's. It looked like a sucker pop ring priced at 70 million, lol. Good luck moving that piece, if anyone wants a picture of it, I will try an find a link.....
Edited by Silverhawk74
04/02/2012 6:09 pm
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Pillar of the Community
Canada
1502 Posts |
It's getting to that the silver market's too small and too manipulated for my taste. Gold on the other hand don't see as much volatility. Gold's an odd material... we as humans are drawn to it for some odd reason, all throughout history. The chinese character for money is a combination of the characters for "gold" and "weapon/conflict"
And enough of the "gold is too expensive to buy" argument. I can spend $100 in gold just as easily as I can spend $100 in silver. The size/weight/amount of the product I bought makes no difference, since it's still $100 in value regardless. A 10% increase for $100 of silver is $10 just as it is for $100 of gold.
I would seriously consider switching financial advisors if the advice to go for silver versus gold is based on "a lot more" versus "a lot less"
Edited by poboxw
04/02/2012 8:19 pm
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Pillar of the Community
United States
4008 Posts |
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Well, Ed, in that case why not go all out with D colored, VVS, well-cut diamonds? You could do that but it is tricky. Diamonds are also a manipulated market with scarcity carefully arranged so that the prices are kept artificially high. Emeralds and rubies are more rare than diamonds, although this may not be true of the really high quality diamonds. I'm sure that good money could be made in high quality diamonds but the successful investor would either have to have a lot of gem knowledge or work closely with an agent who does. Not my thing, although it might be fine for someone else. |
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Pillar of the Community
Canada
3692 Posts |
Yes, I was talking about the highest possible quality diamonds in 1 carat. Larger diamonds with a good cut and clarity are becoming hard to come by. And it's pretty easy to spot a fake if you've seen enough diamonds and fakes - you don't need a lot of equipment, just some ka-nallij (knowledge).
But anyways, I totally agree that gold is the most liquid and divisible, but I was merely talking about comparable size for hiding them. Don't forget your bread!
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Rest in Peace
United States
9104 Posts |
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I was recently talking to a financial investor and he told me that it is better to invest in silver than gold. his reason was that a regular person can aquire a lot of silver and therefore it has a chance to all go up in value while the average person would only be ably to invest in a few peices of gold over their entire life time. I'd stay far from his "advice". That's the kind of comment you'd expect on a forum board, where people just don't know any better. PM prices are guided by investors buying 100 oz to one ton lots of gold, not those saving up for a month to buy a 0.1 oz AGE or five ASE. |
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Rest in Peace
United States
9104 Posts |
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the band an all at over 150 CC's. That's about 2" on a side? |
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Pillar of the Community
United States
5862 Posts |
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Consider the fact that it is possible to buy smaller gold coins, such as the 1/10th and 1/4 oz. sizes instead of buying larger weights of silver. A 1/10th oz. gold coin, for example, only costs a little more than an average 5-oz. silver bar and less than the Engelhard and JM 5-oz. silver bars. Is that really true, though? I haven't purchased much gold (just some numismatic coins for my 7070 album), but my impressions is that the fractional ounce gold bullion coins carry a much higher premium (percentage-wise) than the one ounce coins. Over at Goldmart, for example, I can buy a one ounce Gold Eagle for $60 per coin over spot. A 1/4 ounce gold eagle, on the other hand, is $40 per coin over spot. A 10-ounce silver bar, in comparison, is only $0.79 per oz (or $7.90 per bar) over spot! I think you get the biggest bang for your buck either buying silver or buying once ounce (or higher) gold coin/bullion. In a world without premiums, gold and silver would both be equally attractive. In reality, though. you just lose too much in premiums buying fractional ounces of gold. Buying full ounces of gold may be beyond the budget of many people, however, which is why silver is so attractive. |
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Pillar of the Community
Canada
1502 Posts |
@barryg: point is moot though if you can sell at a premium as well. And you can, even when it's selling back to dealers.
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Pillar of the Community
United States
808 Posts |
 poboxw is absolutely right. When the dealers buy fractional gold from the US Mint, they themselves pay a progressively higher premium for the smaller bullion coins. These premiums tend to stay with the coins as they are bought and sold to other investors and dealers. From my limited experience, only physical neglect and damage from improper storage and handling tends to eliminate this premium on fractional coins (then they sell for melt). For me, it all comes down to the dealer's spread. Your better PM dealer's buy price will typically reflect the fractional premium. If your dealer doesn't offer a reasonable buy back price, it's time to find a new dealer. |
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Valued Member
United States
140 Posts |
Comparing American Gold Eagles to 10 ozt silver bullion bars isn't a fair comparison. Instead, it should be compared with American Silver Eagles. Now if we compare AGE with ASE, and presume we had enough to buy either a 1/4 ozt AGE or the equivalent in ASE, you will ultimately be paying the same premium either way (one may be a dollar cheaper/more expensive). So, if you're determined to buy American Mint Bullion, don't even think about the premium, because essentially, it's the same. If you're wondering which PM is the better of the two, well I really don't have the answer. I made it into a hobby more than an investment. If something strikes my eye, whether it be gold, silver, or even platinum, and I have a little spending cash, I'll grab it. That way, I'm having fun and I really can't lose in the end. |
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Pillar of the Community
United States
4008 Posts |
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Is that really true, though? Barry, you may be confusing which is a better buy, as in bang for the buck, with the actual cost per item. I never said that fractional gold coins were a better buy, only that they can be purchased for amounts that are similar to the mid-sized silver bars. Yes, the premium percentage is quite a bit higher as the gold weight drops. Check out those tiny 1 gram gold bars sometime! My point was that if a person has $250 to spend, they can buy either a nice 5-oz. silver bar or a 1/10th oz. gold coin. For this amount of money, a person's cash on hand will work for either gold or silver. If they only have $40-50, then silver it is. |
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Replies: 22 / Views: 3,471 |
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First Page
Posted 04/02/2012 12:08 am
