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 Replies: 12 / Views: 1,978 |
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Valued Member
United States
152 Posts |
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Bedrock of the Community
United States
10045 Posts |
1 grain at current prices is ~ $3.68 in gold.
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Pillar of the Community
Canada
1502 Posts |
but the card looks nice :P
Good starter I suppose, but I would advise to save up instead and get something more substantial. Anything smaller than 5 grams can look flimsy cost an arm and a leg in premium
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Valued Member
United States
302 Posts |
Anyone else notice the LIE printed with the grain bar?
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Pillar of the Community
United States
667 Posts |
It is nice and if you like it that is what counts. However at $10 per grain then you have a long wait to make any money.
480 grains = 1 troy once.
At $10 a grain one once of gold would cost you $4,800
Spot price for one once is now at $1,754.
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Valued Member
United States
362 Posts |
I think its a very cool piece, and something like that is going to have a high premium... I think you could possibly sell it for somewhere near to what you paid for it too without too much trouble.
Not something I would go for.... My smallest piece is a 2 pesos gold coin, and I think that is as small as I will go.
But cool!
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Valued Member
 United States
152 Posts |
haha yea I only bought it for a display piece I wouldnt advise investing in it lol... cost to much lol
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Bedrock of the Community
Australia
21786 Posts |
The card says that gold is rare.
It isn't.
It is the 19th most abundant element in the Earth's crust.
Rationally if you are buying gold. IMO, it should be bought in 1 ounce lots.
That amount is about right for the amount of cash to be spent at a time, verses the size of premuim for the purchase.
Silver has an advantage over gold in this regard, because optimum purchase sizes can be smaller, for purchase price verses premium.
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Moderator
 United States
16679 Posts |
I have one from ebay from 8 years ago I bought for $3. Interesting little guy but not significant among refiners. swcoin.ecrater.com
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Valued Member
United States
362 Posts |
Quote:
Rationally if you are buying gold. IMO, it should be bought in 1 ounce lots. That amount is about right for the amount of cash to be spent at a time, verses the size of premuim for the purchase. I disagree, I think it highly depends on the individual. I usually try to get 1/10th oz eagles every 3 to four months, byt being in college, sometimes money is a little tight. Also premiums are ah interesting thing. While I usually get my gold eagles for 5% over spot regardless of their size, you can usually sell whatever you bought with the same premium. Edited by ICanSeeYou7687
11/10/2011 09:40 am
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Pillar of the Community
United States
667 Posts |
As a collector or someone that wants to have some gold the small amounts are cool. Heck they are even pretty nice. Nothing wrong with having these.
As a bullion person seeking to maximize their gains then you should be buying high weights around one once. The premiums on smaller amounts just takes away to much of the possible gains.
If you are one of the dooms day people then probably smaller amounts such as the 1/20 fit you personal needs.
Now of course there is how much money you have and what you can buy. When I didn't have money for larger gold then I bought silver. I always watched the premiums because like I said they can really cut into your gains.
I only buy fractional gold when I can find it at spot, which is actually easy to do. Find a person how is selling some of their gold and it can be an easy process to pay spot for the 1/20.
Just my thoughts on getting the most for your gold and silver without loosing money on the premiums that can dilute your return substantially.
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Pillar of the Community
United States
4008 Posts |
Quote:
Anyone else notice the LIE printed with the grain bar? Yep, sure did. There's NOTHING but a sly grin and a wink backing paper currencies these days. Both of those WILL disappear at the point that is most convenient for the banksters.  |
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Rest in Peace
United States
9104 Posts |
$3.68 for the gold, $6.32 for fancy looking packaging with lies and errors that would get a failing score in third grade.
Falls under the heading of "cute to have one", but it would cost more than $10 in time to find another buyer.
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Replies: 12 / Views: 1,978 |
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Posted 11/09/2011 10:16 pm
