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Replies: 25 / Views: 3,451 |
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Pillar of the Community
United States
648 Posts |
I would go with 10 ozs of gold.
Edited by tripncoins 10/06/2011 9:08 pm
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Pillar of the Community
Canada
3692 Posts |
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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Valued Member
United States
297 Posts |
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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Pillar of the Community
United States
4008 Posts |
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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Pillar of the Community
Canada
1502 Posts |
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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Valued Member
United States
58 Posts |
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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Pillar of the Community
United States
4008 Posts |
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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Valued Member
United States
58 Posts |
Quote: Welcome to the CC Forum, Sam. Thanks 
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Valued Member
United States
58 Posts |
This is to the guy who started the topic.Just wondering what you decided to go with?
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Pillar of the Community
1028 Posts |
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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Replies: 25 / Views: 3,451 |