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 Replies: 27 / Views: 2,905 |
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Pillar of the Community
United Kingdom
2624 Posts |
Bullion soverigns and half-soveriegns are the way to go in my opinion. At about 4 and 8 grams respectively they can be bought for very close to spot without too big an outlay.
I bought many when gold was low and they got me out of a tight spot a few years back, I still have a few more modern ones.
I suppose I timed my purchases quite well because gold was through the floor at the time, I would still considering buying a few more if they release any special ones (the outlay hurts but there is a certain satisfaction in owning them if you didn't overpay)
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Pillar of the Community
Canada
1723 Posts |
I know exactly what to do! K here it is. BUY SILVER! HEHE, no no no, I'm not kidding. You see I'm very much like you and I want gold, but cant afford the larger coins to by pass the premiums involved. So what I do is, instead of leaving my fiat in the back doing nothing, I find super great deals when I can on silver and then when I get X amount of silver, I sell the silver and buy the gold with the proceeds. I dont care about the GSR because the silver WAS my savings account. As long as I break even on the the silver when I go to sell, I'm good with it. I also try to time as best as I can to buy gold when its down a bit, but we all know how easy that one is! Hehe. Besides, at least if yer holding silver, you wont miss a big spike with selling advantages at the end. Obviously some others here may see a flaw here and there with the way I do it, but at leas in the end, I still get my gold and always have my silver! JMHO! CHEERS!
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Valued Member
United States
264 Posts |
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Valued Member
 United States
376 Posts |
Samsnate I'm in the exact boat you are in. My silver is technically my savings also. And I was also thinking the same to keep getting great deals on silver and flip some for gold but. I just can't justify exchanging say 14oz of silver for barely a 1/4 oz of gold. Lol. You know what I mean? Value is value I understand that but. It's just personal opinion.
In my last post I meant to say a few grams not grains lol. Stupid phone autocorrect
Edited by colu41
08/09/2012 12:39 pm
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Valued Member
United States
376 Posts |
Ok. I might be flipping about $250 worth of my silver. That's melt value so possibly a little more. What would be the best buy with that in gold?
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Pillar of the Community
United States
3184 Posts |
Im getting confused.....1/10th gold for 10 bucks? huh...
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Pillar of the Community
United States
5833 Posts |
I would pick up a 5 grams Pamp Suisse gold bar with just a little more money, maybe about $30-$35 more...
If you can wait till you have around $450? Perhaps a quarter ounce common gold coin.
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Pillar of the Community
United States
5833 Posts |
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Valued Member
United States
376 Posts |
Was looking at the Pamp 2.5 gram bars. They're $7 cheaper per gram than if I bought 1 gram so. I may start with 1 or 2 of those.
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Valued Member
United States
376 Posts |
Was looking at the Pamp 2.5 gram bars. They're $7 cheaper per gram than if I bought 1 gram so. I may start with 1 or 2 of those.
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Pillar of the Community
United States
808 Posts |
I still say one of the best gold buys right now are $5 US gold commemoratives coins. At .24187 ounces for around $412.00USD it's easily the cheapest price you'll pay for government minted gold.
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Pillar of the Community
United States
4008 Posts |
Quote:
As long as I break even on the the silver when I go to sell, I'm good with it. I guess that depends on what you call "break even". One of the primary reasons for owning PMs is that they are a store of value and therefore a hedge against inflation. As dollars get cheaper with time, it takes more of them to buy that oz. of silver or gold. What I call break even is when I maintain my buying power via owning PMs. Because of this, I expect to sell my PMs for more than I paid so that my buying power is the same, if not a little better. |
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Replies: 27 / Views: 2,905 |
First Page
Posted 08/08/2012 9:35 pm
. LOL!
