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10oz Of Gold Or A Monster Box Of ASEs?

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Pillar of the Community
United States
648 Posts
 Posted 10/06/2011  9:07 pm  Show Profile   Bookmark this reply Add tripncoins to your friends list Get a Link to this Reply
I would go with 10 ozs of gold.
Edited by tripncoins
10/06/2011 9:08 pm
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Libertad's Avatar
Canada
3692 Posts
 Posted 10/06/2011  9:29 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Go with the monster box. When silver goes back up to where it was in May or August you can piece them out very easily, as people will eagerly buy them as the price rises. 10 ozt of Au is nice if you're going to sit on it. Would you be getting a 10ozt bar or 10x 1ozt bars? I would suggest if you can afford it, to get the singles. Again so that you can sell off bits at a time. Eggs and baskets...
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Granite's Avatar
United States
297 Posts
 Posted 11/01/2011  08:56 am  Show Profile   Bookmark this reply Add Granite to your friends list Get a Link to this Reply
To me it depends onwhat the plans are for the PM's. If you plan on selling in the next few years, then I would go with the ASE's. If you have no plans do use the PM's for a long time, I would go with the 10 oz of gold. My main consideration is storage space.
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Ed_B's Avatar
United States
4008 Posts
 Posted 11/01/2011  7:13 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
The premium for the above would be too high. The 10oz bar is a much better value.

Yes, the premium on coins is higher than on an equal weight of metal in bars or rounds. Still, US gold coins are worthy items to have and to collect. As others have said and with which I certainly agree, if you need money ASAP, the 10-oz bar route means that you HAVE to sell it all. The coin route means that you only sell what you need to sell at the moment. If gold prices happen to be down at that time, then you may very well take a bigger hit from that than you did from the higher premium. That divisibility is worth more to me than the higher premium costs, although it might not be to someone else.
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poboxw's Avatar
Canada
1502 Posts
 Posted 11/02/2011  02:12 am  Show Profile   Bookmark this reply Add poboxw to your friends list Get a Link to this Reply
SilverHawk will have to known as GoldHawk from now on :)
I've vote for gold. Easier to hold/stash/carry/move. Divisibility is a big factor if this is not money you can sit on. Premium costs not so much. At $1/oz for silver, it's still $500 for the monster box, not too far off of $50/oz for gold.
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silversam's Avatar
United States
58 Posts
 Posted 11/03/2011  5:07 pm  Show Profile   Bookmark this reply Add silversam to your friends list Get a Link to this Reply
I would go silver eagles. When silver goes back up you can piece it out. The silver eagles go for a premium also. They are selling for $4 and $5 over spot on ebay and people eat them up. But I'm a beginner, just what I would do.

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Ed_B's Avatar
United States
4008 Posts
 Posted 11/03/2011  7:35 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
Not that this is an all or nothing question, of course. It sure is possible to buy a 5-oz. gold bar and then spend the rest on ASEs.


Quote:
I would go silver eagles. When silver goes back up you can piece it out. The silver eagles go for a premium also. They are selling for $4 and $5 over spot on ebay and people eat them up. But I'm a beginner, just what I would do.

Welcome to the CC Forum, Sam.
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silversam's Avatar
United States
58 Posts
 Posted 11/04/2011  3:58 pm  Show Profile   Bookmark this reply Add silversam to your friends list Get a Link to this Reply

Quote:
Welcome to the CC Forum, Sam.


Thanks
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silversam's Avatar
United States
58 Posts
 Posted 11/07/2011  7:48 pm  Show Profile   Bookmark this reply Add silversam to your friends list Get a Link to this Reply
This is to the guy who started the topic.Just wondering what you decided to go with?
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hesgut's Avatar
1028 Posts
 Posted 11/07/2011  8:01 pm  Show Profile   Bookmark this reply Add hesgut to your friends list Get a Link to this Reply
I would go with the silver. I think it's more likely to see profits (especially short term) , is slightly easier to sell, and is nicer and easier with the smaller increments. This doesn't mean that I think silver WILL see good profits, I just like it more than gold.

I'm not sure why people keep bringing up the storage issues. The silver equivalent of 10oz of gold isn't THAT much. Someone that can afford such a purchase can easily buy a big enough safe or a big enough safe deposit box. Also, you could even put it under the bed somewhere if you wanted to, behind some shoes or dusty boxes nobody would ever find it.
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