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Replies: 31 / Views: 9,508 |
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Pillar of the Community
United States
5818 Posts |
I started late getting into world gold, bought a few fractional gold coins mostly in 1/10 oz., but prices started to rocket, will have to hold back now?
Edited by macmercury 03/04/2022 11:12 pm
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Pillar of the Community
United States
2456 Posts |
i just read through this thread, reading about everyone's preferred method/s of stacking gold. I like the forklift & vertical methods. Quote: Stay away from Goldbacks too. ...why? why avoid goldbacks? i was going to start a new thread, asking for opinions about goldbacks, but I found it mentioned in this thread, so this thread gets a bump because of my question.. my usual method is to simply purchase it with the money I earn. I also rely on $treet $timulu$ for the occasional assist. I like bullion bars and bullion coins, typically smaller weights/denominations.
Edited by MrPink2018 05/01/2025 7:31 pm
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Moderator
 United States
187446 Posts |
Having no gold, I suppose my preferred method is in my dreams. 
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Pillar of the Community
United States
1374 Posts |
Quote: ...why? why avoid goldbacks? IMHO when you buy any type of gold bullion, what you want to look at is the buy/sell spread. It's easy to buy, but may not be easy to sell. At Vermillion Enterprises (bullion dealer in Fl that posts buy sell spreads on YouTube), for American Eagles, the spread on 1 ozt is around 4%, on 1/2 around 5% and on 1/4 & 1/10 ozt it's around 7%. I've never bought or sold a Goldback, but are the buy/sell spreads comparable to this? are they as liquid as American Eagles? I'd want to answer these two questions before stacking them.
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Pillar of the Community
United States
2456 Posts |
i haven't looked into them too far, although I notice that florida has joined the other several goldback-issuing states; goldbacks are a 'voluntary local currency', that's from their website. I applied for a free 1/2000 ozt goldback. they tell me it has shipped and will be a few weeks. so I wait.
i have no desire at this time to stack or collect goldbacks. I'm old school. I like my gold coins.
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Moderator
 United States
187446 Posts |
Quote: I'm old school. I like my gold coins. 
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Pillar of the Community
United States
745 Posts |
I'm in the market now. Boy if guys thought gold was expensive at $2534 what must they be thinking now? The way I figure I have 3 ways to go. #1, is the route of the pure stack and for this 1 oz bars are hard to beat. I only have the cash for a few so I'm no JP Morgan. I just want to diversify and its my belief gold is never going back down. #2, is the Numismatic route. I could buy a gold coin with some collectors interest as well as some bullion worth. For this I'm thinking a highly graded ST. Gaudens from an interesting year with full motto. #3, Is the bullion coin route that is more bullion then collectable like an Eagle, 1 oz, or a Maple, of a Britannia, or go hog wild and get a gold 1oz Libertad. This will likely be my last gold purchase for a good long while, maybe forever, and anyway I want to get back to stacking silver and collecting. Collecting is actually my passion even tho I know dang little about it. I just spent $500 on coinage and currency of Germany and the Third Reich circa 1918 thru 1939. I only stack metal to diversify, and in any event, I think paper currency is going to hell in a handbasket. 
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Valued Member
United States
311 Posts |
Just me but I don't like gold bars. It looks like the practice with gold bars, (i.e.Pamp) is to leave it in the sealed card. Then you really can't verify authenticity and have to rely on what's printed on the card. I like coins since you can easily identify and verify with weight and ping and measure if you have to.
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Pillar of the Community
United States
745 Posts |
Well I had a panic attack over the weekend and bought a gold Krugie cause I thought gold was going to skyrocket, which it probably eventually will now that it looks like Europe is going to blow up. But I didn't know that at the time and now gold has nosedived, naturally, and my Krugie is a lot cheaper now.
But the good thing about gold is the only really "bad" advice is to not ever buy any. Even my own bad advice will end up looking good eventually because gold is gold and will always be.......gold. I just needed more bullion in the stack to justify my true passion which is collectables.
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Moderator
 United States
16677 Posts |
I stack placer gold nuggets. I have 2 reputable and fair sources I buy from. Natural gold nuggets are a fantastic investment and generally sell for 20%-25% North of gram spot. I'm also a detector prospector and occasionally find them in nature as well.
swcoin.ecrater.com
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Pillar of the Community
 Canada
5391 Posts |
Preferred way to stack gold right now . Sell it and stack the resulting thousands into my investment account. Already done . Stacking gold .a mugs game.
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Valued Member
Canada
128 Posts |
Starting stacking when it was $ 1200 and bought majority at $ 1300 to $1400. Last year Platinum and the last two years Silver ,have also loaded up on lots of junior exploration and mining shares . Trying to maintain a percentage to our other investments which are well diversified .But I think this time its different as so many currencies have failed in the past I am wondering about the future (debt).
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Pillar of the Community
United States
745 Posts |
I can't afford much of it in the first place so what I have is in 1 oz coinage. I'm going to look harder at 1/2 oz coins since it seems their premiums have become reasonable. Bullion Exchange has 1/2 oz Philharmonics for $1,690.44 which is X2 = $3,380 or about $26 over spot and thats a premium I can live with. Next time I buy gold it will probably be 1/2 oz since the stuff costs a fortune now. Probably for the rest of the year tho I'm going to concentrate on my white metal and not my yellow. 10 oz bars and 90% junk, boring as they may be.
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Pillar of the Community
United States
1747 Posts |
I'm with @pacificoin. Money in the stock market is where real gains will be. I still like gold as a collector and will buy modern commens at spot or less.
@silverskunk, Philharmonics are cheapest because nobody likes them. Foreign gold sells at a discount and it is an ugly design.
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Pillar of the Community
United States
745 Posts |
Quote: I'm with @pacificoin. Money in the stock market is where real gains will be. I still like gold as a collector and will buy modern commens at spot or less.
@silverskunk, Philharmonics are cheapest because nobody likes them. Foreign gold sells at a discount and it is an ugly design Well I like them. I'd like the design even if I didn't also like the 1 oz of gold in them. I do own Gold 1 oz Libertys but they might as well be gold Bozo the clowns as far as a bullion coin goes. I dont expect to get the over head back and the over heads turn my face purple. The way I figure a oz of gold is an oz of gold, period. But thats just me. I understand people can be persnickety and even nationalistic over their bullion purchases but it makes little sense to me. I bought my first silver philharmonics a few weeks ago and love them. They are beautiful coins. Panda's I refuse to buy because I'm not buying coins from a Govt. that runs its people over with tanks just because they want to protest for freedom and their human rights. I spent 37 years as a military troop, a state cop, and then a city cop, preserving and protecting those freedoms and China's CCP can kiss my hind parts and still I wont buy their coins. With the Yank coins Its the over heads I dont like. Libertys and others have high over heads. My one exception is the Libertad. On occasion I yearn for new Libertads I'll pay the over head. Other then that an oz of this is an oz of that. I guess the exceptions would be the Sovs that are made of a lesser % of gold because it would take extra effort to melt them down. But even still there are Sovs out there of Lesser gold that make for pretty good intros into gold. I suppose we all have our likes and dislikes. I have nothing against the American Buffalos in either silver or gold but see nothing worth the premiums. Gold most of all. With me the gold weight and purity comes 1st, 2nd, 3rd, and 4th. The design last, Its why I have the gold Krugies and Phils and not more eagles and zero Buffalos. I bought an anniversary Liberty because I think it looked cool with the Black American Lady on it and already its making almost $500 for me despite the fact price wasn't a consideration.  Then like a moron I panicked 5 mins after the Asian markets opened the day after we bombed Iran thinking a big conflict was to ensue, forgetting all my knowledge and training that Iran had little to pursue it with. That and my knowledge that its always a mistake to panic buy when a conflict breaks out. That $3,595 Liberty I'm still waiting to make a dime on. its not that I'm worried about making the money back. Its gold, of course I'll make it back. Its that I dont like making stupid geo-political-military mistakes. My one strong point and I scratched the pooch on that and its unforgivable.  But these foreign gold Sov's I'm going to spend more time thinking about and possibly buying. Thens and the 1/2 Yankee oz'ers as well as the ugly Phil's that I find so attractive. The 1/2 oz premiums are coming down and the coins have become attractive options for those of us who ain't oil baron rich. 
Edited by Silverskunk 08/02/2025 6:32 pm
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Replies: 31 / Views: 9,508 |