| Author |
 Replies: 23 / Views: 3,756 |
Page 2 of 2
|
|
|
|
New Member
 United States
10 Posts |
Hey, Lostwords. Trade, meaning I'd sell and buy from the same vendor. LCS or APMEX. |
|
Pillar of the Community
United States
1200 Posts |
Sounds to me like you're all over the place with a different game plan and objectives far too frequently -- or maybe none at all. I think getting and staying
organized would be good for you and sticking with a specific game plan and objectives would be better still.
I prefer a diversified and balanced stack. Part low-premium govt-issued coins, part generic bars/rounds and part higher-premium "semi-numis" govt-issued
coins. Keeping those 3 components of my stack in balance lets me change my buying focus (when one area falls behind the others or market changes/prices
make a buying focus change prudent) and still be within the overall game plan.
I always found that trading and upgrading cost me money and that the less I did those things, the more of my $ ended up in PMs in my hands. I wish I was one
of those guys who makes a 30% profit every time I did a swap or upgrade (ha,ha!), but that just never happened. These days, I know what I want and I buy only
what I intend to keep. I'm done upgrading and changing my direction with every new impulse that hits me. My experience is that impulses and frequent direction
changes are unacceptably expensive. But--"To each his own." Good luck with whatever you choose to do.
|
|
Pillar of the Community
Canada
3692 Posts |
When I get fractionals I always look for the most beaten up and unloved coin I can and haggle it down. As long as it weighs out what it should I don't see the difference. I don't care about gold premiums because I buy it to alloy and manufacture, not to hoard it. An object isn't "worth" anything if it's collecting dust. This method can get me between $5-10 off the normal plastic-sealed coins. I can assay it myself without caring about the packaging. Usually I'll give it a bend test with my fingers only. If it gives easily and then if my teeth leave their mark then it's fine gold. $5-10 is nothing when compared to $40-100. Yes, it adds up a tiny bit but I'm also selling it for 2-4X afterwards so it's negligible.
So my point is, if one is buying bullion, why would one pay premiums? A metal is a metal and can be melted into any form. It's the form that people crave. I do get Maples and other officially issued rounds as opposed to generic rounds because I care about the next person who wants to own them. I don't want my liquidity to come into question and prolong a transaction, so I do pay a tiny bit more for those, but that's all.
Maybe the OP should collect some .900 fine silver (US) to trade away. Let me know how that goes. I like 5g and 10g gold, just be aware of fake bars. They are scary. (Credit Suisse). When you said Airtites I knew you are hooked. I find they're hard to store and let go of when they're covetted so much. Buy the gold, not the calf.
I suppose I'm doing things backwards by flipping gold and stacking silver, but not everyone does it how I do. I'm not losing money this way. Silver has the bigger potential here. The silver is dollar cost averaged and the gold is alloyed, custom reformed, and flipped. Not everyone knows how.
Edited by Libertad
08/23/2013 12:28 pm
|
|
New Member
United States
10 Posts |
Quote:
I always found that trading and upgrading cost me money and that the less I did those things, the more of my $ ended up in PMs in my hands. This is maybe what I needed to see. I haven't done any trading yet, but I had it in my head that the 10g bars to 1oz coins plan would keep me consistent. FTR, I still buy 1oz silver coins and 10oz bars. The reason I switched focus was to try to balance it out a bit. I haven't caught the semi numi bug yet, though. |
|
Bedrock of the Community
13014 Posts |
Quote:
I haven't done any trading yet, but I had it in my head that the 10g bars to 1oz coins plan would keep me consistent. Like I already said if you want one 1 oz buy one ounce. If your trade up youre losing the money on the fractional premiums down the drain. 1400 isn't fun to pay but if you do it trading fractionals youll end up putt close to 2k into that single ounce |
|
Valued Member
Canada
281 Posts |
Quote:
I'm eyeing 5g and 10g Pamp Suisse bars thinking there's no way these things will glamour me into holding them As I started my collection, not thinking about reselling or trading, I researched which coins and bars I would like to own and cherish but also looking for the ones that would be easy to liquidate if the need would arise. I quickly realized everything from the US Mint is desirable and easy to resell. That was a no-brainer. My 2nd choice were these Swiss PAMP's hands down. They are the most recognized PM's in the world right after the British sovereign (and US). They are beautiful, have guaranteed purity, they're sealed and numbered. To me that is glamor. But as they say; beauty is in the eye of the beholder. I'd trade these for my Maples ANYDAY but I guess I have to wait until I grow to 250 posts lol. Finally if you're really into trading, gold to silver is the way to go and not the other way around. In my humble opinion silver is undervalued and a much better buy and bang for your buck. Time will tell  |
|
New Member
United States
10 Posts |
Thanks for the thoughts, miggs. That doesn't make it any easier. I can't imagine ever dumping (gold) Maples. As the thread shows, I'm devising elaborate plans just to sneak a few more of them into the safes. I just can't get excited about stashing a whole lot more silver, though.
|
|
Pillar of the Community
United States
3670 Posts |
A wise fellow who knows a little something about country music and high quality rotisserie chicken once said and it is words to live by.... "So I handed him my bottle and he drank down my last swallow. Then he bummed a cigarette and asked me for a light. And the night got deathly quiet, and his face lost all expression. Said, "If you're gonna play the game, boy, ya gotta learn to play it right. You got to know when to hold 'em, know when to fold 'em, Know when to walk away and know when to run. You never count your money when you're sittin' at the table. There'll be time enough for countin' when the dealin's done. Now Ev'ry gambler knows that the secret to survivin' Is knowin' what to throw away and knowing what to keep. 'Cause ev'ry hand's a winner and ev'ry hand's a loser, And the best that you can hope for is to die in your sleep." So when he'd finished speakin', he turned back towards the window, Crushed out his cigarette and faded off to sleep. And somewhere in the darkness the gambler, he broke even. But in his final words I found an ace that I could keep. You got to know when to hold 'em, know when to fold 'em, Know when to walk away and know when to run. You never count your money when you're sittin' at the table. There'll be time enough for countin' when the dealin's done."  Edited by Silverhawk74
08/23/2013 10:49 pm
|
|
Pillar of the Community
United States
3670 Posts |
A week back this was best price on high end gold bar I could find on ebay, notice the twisting dragon PAMP way sought after will hold its value.... http://www.ebay.com/itm/28114605056...ht_355wt_887I love the 5 an 10 gram gold bars, more the 10 as three is about an oz pretty easy math eh.... I have ZERO alas as they just too high and yield ZERO ebay bucks, and that does not cut it with me.... I love those mason old pour "style" skull and cross bone gold bars but man they are like 2k for 1 oz WAY high.... If I am gonna spend insane high why not buy a Reverse proof 2013 gold buffalo at 1740 mint OR better to haggle guy on ebay down to less if possible and get some bucks to if listed correctly in coins, accidental listed in Morgan section and all ;).... Edited by Silverhawk74
08/23/2013 11:03 pm
|
|
Pillar of the Community
United States
3670 Posts |
|
|
Pillar of the Community
Japan
666 Posts |
don't like bars
prefer coins
|
|
Pillar of the Community
United States
3670 Posts |
I prefer coins as well in numismatic form, but gold or old pour silver bars I will always have a soft spot for them....
|
|
Valued Member
United States
239 Posts |
And I thought this was going to be about a poker match..
|
|
New Member
United States
13 Posts |
I agree $1,400.00 is a lot to plunk down on a small piece of metal. I'd be a happier buyer at 8 or 9 hundred. Look at the three piece coin commem sets (1983 to 2008) that come w/a $5 or $10 gold coin. There are times when you can get the set for around $350.00
|
|
Pillar of the Community
United States
2168 Posts |
I too, rather coins including the 5 oz ATB! |
|
Page 2 of 2
|
Replies: 23 / Views: 3,756 |
Page 2 of 2
|
First Page
Posted 08/23/2013 09:57 am
