| Author |
 Replies: 17 / Views: 3,137 |
|
New Member
United States
49 Posts |
hello everyone, I am just asking for opinions here, but would it be wise of me ( a novice to the bullion game) to purchase a 1 gr. pamp bar? theres a man here in my area who wants to sell me one for $70. I'm still thinking it over... Thanks
|
|
|
|
Pillar of the Community
United States
3670 Posts |
 And if it is silver, I would say nah lol, but gold why not that is not the worst deal in the world, roughly 17 over spot, which is really dead on for a Pamp bar being nicer quality.... I have not searched gold in some time, esp on ebay, but I bet they go for higher on ebay then that just guessing off the top of my head..... |
|
Valued Member
United States
333 Posts |
Pamp bars retain their premium, but in all honesty if you are willing to spend $70, perhaps you are willing to spend $180-185ish and buy a tenth ounce of gold instead. We could keep increasing the weight and decreasing the premium, but I guess you just need to find your comfort zone and pull the trigger.
|
|
Pillar of the Community
United States
3670 Posts |
The cheapest I could find on ebay was $77.75 shipped, so that is dead on the best deal you will probably find right now with gold treading water around 1650.... |
|
New Member
 United States
49 Posts |
thanks for the  and so far its been pretty positive feedback.. the guy has 4 bars for sale at 70/each. I only have 70 so ill just buy one for now. but thank you all for the help  its really appreciated! |
|
Pillar of the Community
United States
3184 Posts |
70 for a 1 gram bar is way above melt however buy what you like
|
|
Valued Member
344 Posts |
if I was in your shoes id buy 2 oz of silver instead of a gram of gold.
|
|
Pillar of the Community
United States
1454 Posts |
Quote:
Pamp bars retain their premium, but in all honesty if you are willing to spend $70, perhaps you are willing to spend $180-185ish and buy a tenth ounce of gold instead. Quote:
if I was in your shoes id buy 2 oz of silver instead of a gram of gold. These two offer the most pragmatic and lucrative advice, I think. Try and get 2oz. of silver, or, if AG isn't isn't part of your investment strategy... Save your money until you have enough for 1/10, and then buy on the dips. You'll be happier for having more and will make a much heftier profit, long term, should you decide to sell it. |
|
Pillar of the Community
United States
3670 Posts |
I fail to understand why 80% of PM hoarders can't wrap their mind around paying a bit more, but selling for that and THEN some later. As oppossed to buying rubbed down 90% examples of junk silver, that has about as much eye appeal as someone who got beat down with the ugly stick, lol....
Like I said 70 is about as good as it will get, EVEN with gold pulling back, as dealers put those up or keep them priced high in dips like this, as they are not gonna take a loss in most cases, and why should they, just foolish in the end....
|
|
Pillar of the Community
United States
1454 Posts |
Quote:
Like I said 70 is about as good as it will get, EVEN with gold pulling back, as dealers put those up or keep them priced high in dips like this, as they are not gonna take a loss in most cases, and why should they, just foolish in the end. I used to think the same. But a dealer acquaintance told me I was thinking like a buyer, not like a seller/distributor. The handful of dealers I talk to say pretty much the same thing regarding bullion sales and such. They don't hold on to things like your example... as long as they can buy more stock at the new lower wholesale price and sell at retail, they do so. Even if that means taking a loss from the higher prices they had to pay before the drop. Otherwise, they would be sitting on the sidelines while all the other dealers were making sales. And that's a good way to lose customers. But maybe it's a regional thing, I don't know. |
|
Pillar of the Community
United States
4008 Posts |
Quote:
As oppossed to buying rubbed down 90% examples of junk silver, that has about as much eye appeal as someone who got beat down with the ugly stick, lol... Hawk... I agree that some of the really well worn circulated junk silver out there is not at all attractive. It IS silver, though. I prefer the BU and proof coins, especially if I can get them with minimal premium. I do not mind paying a premium for the coins or bars that I really like but try to avoid those situations where I pay for a premium and then cannot recover it when selling. I agree with the comment about buying 2-oz. of silver rather than a gram of gold. The very small weight PMs often have quite a premium per oz. attached to them. That's OK if you can get it back when selling but sometimes we just can't. I suppose that this argument is moot if PMs go up a lot in price. I'm sure that anyone who bought gold at $100 an oz. doesn't mind if they paid a 15-20% premium. |
|
Pillar of the Community
United States
3670 Posts |
"They don't hold on to things like your example... " Depends on what item we are talking about T, higher premium items generally as some do like with the Pamp bars.... I am a hoarder/seller and I achieve this buy buying items and re-listing way more then I paid when the time an silver spot is right, (usually anytime, lol), and if someone wants to pay the prices I ask I make the sell.... Now that Lakeside is getting ridiculously busy again, and I get the steady check from the coin shop twice a month, no need to sell as much now, as I don't need the money as bad yet, key word YET with a 2 hundred thousand plus dollar to raise baby on the way, an that is just a ballpark figure.... One simply has to look at it like one set of diapers at a time, one can of formula next, as they are expensive but all that cost does not hit you at the EXACT same time, or nobody would ever get raised, lol.... Anyhow when I do sell, I just put most of it back into more nice new stock. I don't sell often cause my ebay prices are RE-dunk-u-lous an I am the first to admit that, but I am negotiable to CCF members if they see something they really want, so I figure that is pretty fair in the end.... |
|
Pillar of the Community
1283 Posts |
I would do silver too if I only had $80 to spend. A one gram bar is so small its not worth the money IMHO. I would wait till you can afford a nice pre 1933 gold piece like a $5 Indian. If you are looking for just bullion I would wait and get a 1/10 AGE, the smaller coin premiums are ridiculous.
|
|
Pillar of the Community
United States
1454 Posts |
Quote:
but I am negotiable to CCF members if they see something they really want, so I figure that is pretty fair in the end.... I'm holding you to that, Hawk |
|
Pillar of the Community
United States
3670 Posts |
You let me know T, as you seem like a real nice fellow from I can make out from the posts you have made here in the short time you have been posting.... "I would do silver too if I only had $80 to spend. A one gram bar is so small its not worth the money IMHO. I would wait till you can afford a nice pre 1933 gold piece like a $5 Indian. If you are looking for just bullion I would wait and get a 1/10 AGE, the smaller coin premiums are ridiculous." When you word it like that, it does make sense as others before you TBK also mentioned. One gram bars are pretty meaningless an small, if you go gold, might as well at-least go 5 dollar old gold, or quarter oz size piece at least.... I did really enjoy putting that Liberia set of 10 24K .73 gram coin set together, at 7.3 total grams of gold. Neat the history on them, even though they are so small, pretty hard to enjoy minus a nice loupe.... I would personally always get 2 oz. of silver myself instead of gold as it is too high, but I do pay a real HEFTY premium for nice PCGS or NGC toned coins. Might as well be buying gold, lol.... But some of the pieces I find are equal to some gold IMO. I found an amazing monster rainbow at one of my rival stores on drive through other side of town and had to fork out 100 bucks for it, and could only haggle it down to 100 even with tax an all, lol.... Old Bill had some amazing new numismatic slabbed stuff and that is what I like about his store, as he has way more numismatic than just pure silver bullion, even though he gets Maples and ASE's in all the time, art bars etc.... Did I just say that above about like numismatic slabs, man I would be wondering if aliens replicated/cloned Silverhawk and replaced me with this jack wagon typing this message.... Edited by Silverhawk74
03/23/2012 10:11 am
|
|
Rest in Peace
United States
9104 Posts |
1 gram @ $70 = 2177.21/oz
Your call.
|
| |
Replies: 17 / Views: 3,137 |
Posted 03/22/2012 12:09 am
