Its that time again, so what's a better investment vehicle and value for your money GOLD or SILVER

Decisions, decisions decisions, with the price of PM,S going thru the roof its that time again to make that purchase unfortunately I am a bit hobbled right now so can't get to
my local Costco in St George, Utah which is the nearest that handles GOLD at a reasonable premium of $70 so not sure I want to pay a double premium at my LCS
with that said here are the contenders, I will vote at the end and show you what I ended up buying.

 

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Depends on your budget. Everyone has one. Well, almost everyone.

 

Silvers been outperforming gold and you can get a boatload more?

 

Yep, can't go wrong with either choice I imagine.
mpcusa

 

Silver is still below its historical peak and gold is at its historical peak.

There is more % increase potential for Silver and 32 ASEs are easier to sell in tranches to test upward or downward price movement than 1 oz of gold.

 

The way prices are heading I vote the Big gold option.
If you were are a person who likes playing with Fire or makes jewelry from raw materials, big bars are the best bang all around.

 

Can you order from Costco and have them bring it to your car like people do with groceries.

 

Fire & gold... Looks like fun!!

 

But which has the most potential for growth ? I've been looking at a couple things
and comparing ebay to my LCS, so what's worse paying taxes or premiums which ever is less of course...LOL

 

TAXES...The premiums you should be able to negotiate.
The TAXES you shouldn't be paying.
You need a workaround.

 

To update the thread, I called my LCS to see what the premium would be on 1 OZ
GOLD ramp bar and its about $155 which is significantly less then the taxes on the same bar on the bay so at this point mulling around the possibilities.

 

Rusty,
Don't buy anything yet...
Shoot me a PM.
I have a proven solution.

Tax Free Precious Metals
Nevada’s tax laws are not straightforward, as some coins are taxed and others are not. Typically, though, a precious metal coin, round or bar that is valued purely for its precious metal content and does not contain a face value (more common with bars and rounds than coins) is exempt from tax.

However, anything that is considered a collectible, including coins with a face value and coins with a premium attached to them, will be taxed. The rule states that, to qualify for tax exemption, the premium attached to the item must be less than 50% of its inherent value. So, if a coin is worth $10 when melted down but you bought it for $15, you will be taxed, but not if you bought it for $14.

Therefore, the best things to buy if you’re stacking precious metals in Nevada is blank rounds and bars.

Source: http://www.taxrates.com/state-rates/nevada/

 

Silver has the most potential for % upside...right now and downward/upward arbitrage testing is easier in tranches with 32 ASEs.

 

Oh, for... what an ill-posed, undefendable rule.

What if you bought it for $30 when melt was $19.99, but then melt rose to $20.01? Or vice versa?

Who defines "inherent value"? COMEX? Their quotes are only for good delivery bars.

Are rare collectible bars and rounds still considered bullion?

What a stupid law. Glad I don't have to deal with it.

 

Though SILVER is very affordable right now @ 41.00 and GOLD is going out of this world @ 3,594 though the percentage of growth of SILVER might be higher were
only looking at cents here ,GOLD bumped up to another record high the suspense is killing me when will it stop, the new mantance level for GOLD is $3,500 will see how long it can hold it ??

 

Looks like the silver spike this morning almost got us to 30x FV for 90% coins, then fell back.

 

I hear ya, but if one is going to spend the same absolute $ amount on the forms of PMs you outlined in the first post, I still think the percentage increase play is better with Silver and selling plays can be stepped with the intrinsic increments provided by 32 ASEs.

But it's all YMMV at the individual level.

 

Years ago I know someone who bought a new Diamond Ring at Movado on the strip in Vegas.
That person lived in another state (let's say Arizona)
The clerk at the Movado store said if they wanted the ring now to wear out of the store, they would have to pay Nevada sales tax.
IF they shipped the ring back to their address in Say Arizona, they would not have to pay the Nevada sales tax.
Say the Movado ring was $15,000 The Tax would add another $1000.
Was it worth the extra $1000 to make the fiancee happy and get a ring on her finger quicker.
PROBABLY, BUT the smart buyer was thinking outside the box.
Smart buyer was able to slip the ring on her finger and Shipped the box with the receipt back to Arizona
Like I said WORKAROUND

 

I voted for the 32 ASE's, but they tend to take up a lot of space, especially compared to a 1 oz gold bar. But I believe I saw that the US government recently added silver to the critical commodities list (or whatever it's called) so if they're entering the fray and will be buying lots of it, that could easily help bump the price up even higher. Who knows for sure though? Certainly not me, that's for sure!

 

Recommended for addition, along with copper. Save your (pre-1982) pennies!