Question About Kitco - Coin Community Forum

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Author	Replies: 4 / Views: 1,585
wheatguy Pillar of the Community United States 1534 Posts	Posted 09/27/2009 8:35 pm I regularly go on kitco.com to check the spot price of silver and gold, and I was wondering if their prices for silver represent full U.S ounces or one troy ounce. Thanks. Edited by wheatguy 09/27/2009 8:36 pm Report this Post to the Staff

Sap Moderator Australia 16832 Posts	Posted 09/27/2009 8:44 pm Prices for precious metals are always quoted in troy ounces, even in countries that have otherwise fully gone metric. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
wheatguy Pillar of the Community United States 1534 Posts	Posted 09/27/2009 9:24 pm Okay thanks for the info, Sap. I was a little confused. I'm considering buying 3 silver 1oz. bars at $18 each, do you think that is a good deal, and a good investment? Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 09/28/2009 07:45 am Quote: Okay thanks for the info, Sap. I was a little confused. I'm considering buying 3 silver 1oz. bars at $18 each, do you think that is a good deal, and a good investment? Tuff question. Sort of like asking who should I marry, what car should I buy, what stock should I buy? All such questions are really taking a chance on the outcome. Metal prices have gone up and down and up many times. Investing in them is the same as the stock market only a little worse for liquidity purposes. By that I mean if you do buy bars, do you have a place you could eventually sell them? And at what price? Buying something sometimes is much easier that selling it. Report this Post to the Staff
wheatguy Pillar of the Community United States 1534 Posts	Posted 09/28/2009 6:17 pm I'd probably sell it on Craigslist or some other site..... but I'm probably not going to buy it, I'll probably buy some Lincoln wheats I need. Edited by wheatguy 09/28/2009 6:17 pm Report this Post to the Staff
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