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 Replies: 8 / Views: 2,159 |
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Valued Member
United States
50 Posts |
Okay, so I have another question for you PM collectors/ocd silver loving junkies.  Over the past year I have built up a large supply of silver but I have yet to test the waters and purchase any gold. So now that I am interested in expanding on the gold side, I was curious, what would ya'lls thoughts be about purchasing small 1 to 2.5 grams Pamp Suisse Gold Bars? I don't have the income to purchase much larger so I was thinking I would purchase 1 to 2.5 grams a month to build a small collection to diversify my PM's....Thoughts or suggestions..... As always, thanks in advance... Edited by jcd390
06/06/2012 8:31 pm
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Pillar of the Community
United States
2150 Posts |
I think it would be wiser to save your money each mont until you have enough to buy a full ounce. The premiums on fractional bars can be quite high.
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Pillar of the Community
United States
1454 Posts |
Pamp Suisse, much like Engelhard and JM bars, command some of the highest premiums out there. And especially crazy high on the fractional offerings, for the reason you stated: more people can afford 1 or 2.5 grams of gold than a full Oz. You're simply competing with so many more potential buyers.
My advice: save up and buy a bigger piece of the fractional pie.
But no one can ever blame you for not having discerning taste in PM bars, jc. ;)
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Valued Member
United States
223 Posts |
I have been thinking the same thing as the OP lately. But when you calculate the premium on the 1-2.5 gram bars, it is not worth it. You'll be in the $2000 per oz range. I don't think the premium will carry through if gold goes up near $2000.
Also, the silver-to-gold ratio is right near 55.5/1. With the premium attached to the 1 gram bar, I can buy 2 oz of silver. Since I am buying generic bullion rounds and bars with a $1.25 premium, I figure that premium should hold up to around $40-45 per oz. After that the premium will probably come off but I will be up $10-15 per oz anyway.
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Valued Member
Canada
178 Posts |
What about saving up and buying 1/2 or 1/4 oz gold maples?
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Pillar of the Community
United States
808 Posts |
 They aren't cheap, but APMEX has 1/2 ounce gold maples for only $20 over spot per coin. Last I looked, this was a better value than any of the 1 t oz Au coins currently available for sale. This deal won't last but APMEX runs special pricing on fractional coins from time to time. I suspect the other major online dealers might offer similar specials, too. |
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Pillar of the Community
United States
3184 Posts |
buy some gold eagles, quarter oz-1/2 oz if you can.
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Pillar of the Community
Canada
1502 Posts |
Premiums matter not if you are smart when selling them. So my advice is to just buy what you can afford and what you find interesting.
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New Member
United States
22 Posts |
Pamp has very low premiums compared to Sovereign Mint Coins. I think having a variety of size bars is smart and if you look at the 10 gram bar it's a pretty good premium compared with the 1 ouncers.
Do not buy fractional Eagles/Maples as the premiums are sky high. Pamp is a much better deal.
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Replies: 8 / Views: 2,159 |
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Posted 06/06/2012 6:39 pm
