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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

Should I Buy A Pamp Bar?

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biggfredd
Rest in Peace
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9104 Posts
 Posted 03/24/2012  3:20 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
But maybe it's a regional thing, I don't know.


Nope, it's a seller/distributor thing.

I know a dealer who paid $750 for an oz gold iggle in 1980 and refused to sell it for a loss. How many times could he have turned it and replaced it for $10 less in 20-25 years?
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traevin
Pillar of the Community
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United States
1454 Posts
 Posted 03/24/2012  7:10 pm  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply

Quote:
1 gram @ $70 = 2177.21/oz


That's far more of a premium than I could ever stomach.
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