Is this a Wise thing to do?

I was thinking the other day about buying one of those 1 Gram registered gold bars for $48 bucks plus shipping. Because I see the Price of gold going way up in the future and by then the 1 ounce bars will be way out of my price range. With that I was then going to exchange that 1 Gram bar for multiple Ounces of silver down the road. Does this sound like a smart thing to do.

 

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I see silver going up more than gold (percentage-wise), but I could be wrong. I'd buy 3 ounces of silver before 1 gram of gold.

 

I agree. Gold would have to almost double before you got a return on your gram. Gold is at $35(+-) per gram right now and you're paying $48 and shipping? I'd go with silver, personally.

 

forget gold,and buy silver now,if you can't afford the price of gold then go with silver. Gold will protect your money,but silver has a higher chance of earning you more. for 48 bucks you could own 2 oz. of silver with some cash left over as a start for the next oz. purchase. It will be easier to aquire a couple oz. of silver each payday than to try and save up for an oz. of gold,plus I believe that buying in such small increments as grams you end up paying way too much,round off that it takes 31.5 grams of whatever to equal an oz, meaning an oz of golg bought for 48 dollars per gram will cost you $1512 dollars,compared to the appx. $1200 you would pay for an oz,which would cut into your profit quickly.

 

I think you may find that those 1 gram gold bars will be heavily discounted when you go to sell them.

 

I agree. I think on a limited budget...silver is the way to go.

 

I never really understood collecting grams of gold. It does sound like going into silver would be a better option.

Like someone mentioned above, if you add up all the grams to equal an ounce, you end up paying more. So really, you are either better off saving up cash until you can afford the 1 oz coin, or buy something else different. But it seems purchasing the grams will actually waste your money even further.

 

I wasn't going to buy more than 1 gram of gold since I'm not a big fan of gold. Im thinking gold will go up so much in the future that the 1 ounce bars and coins will be so expensive many people won't be able to afford them and might look towards the smaller 1 gram bars. Which would mean those would be worth more than double the premium there going for now and be good barter. Im pretty much all invested in Silver and maybe just 1 of those grams would be nice later on.

 

Silver...it's the poor man's gold.

 

silver is not gold. silver is silver and gold is gold.
both lower budgets/investors and higher budgets/investors can own both.

 

It's just a question of saving if your on a lower budget and being as careful as you can to buy at the best price and also the best coinage in Gold. Not that I'm saying on a higher budget you can afford to throw money away but if you can only buy 1 or 2 coins a year then you better do it right the 1st time as there's no real way to make up for it. This is the seat I've been in.
Also at least with silver you can just buy any type of silver and the possible loss isn't nearly as bad % wise. I'd rather be out 1% of the money I put into an ASE then 1% of the money I put into a AGE. Course I would rather just buy as a low price so I don't ever lose money.

 

Exactly Alex! :hail: And if you anyone likes gold that much and wants to hold it but cannot afford it, then they can also buy silver incrementally until the time when they can trade silver for gold at a good ratio of exchange. :thumb:

 

Have you ever seen a gram of gold? I think it would blow away in a strong wind. It's miniscule. The premium on a 1 gram bar is HUGE. Multiply that ounce to see how much you are paying per ounce and you might walk away.

If you simply MUST spend your money on gold...wait until you have $210-$240 saved up (depending on spot price when that happens) and buy a 20 franc Swiss Helvetia or a French Rooster. Fun coins with a little under a 20th of an ounce (.1867) and about the size of a US Nickel.

 

Yea I have there pretty small, I guess your right. I'll stick with silver.

 

course if you want I got a 1 gram instanbul bar for sell if your interested I can post on the open section. I would rather no clutter p ther open section unless I know for a fact someone wants to deal

 

No it does not sound like a smart thing to do. Read the other posts.

You would pay well over spot for starters for something that very few people buy so your trade in would be much less. Trust me on this I work in a shop.

Trade in right now. We'd possibly give you 2 ounces of silver for the gram of gold. Maybe on a good day for gold.

I would NOT waste my money on grams of gold/

JMHO

 

I do believe you mean to say, "with a little under a fifth of an ounce (.1867)"

 

the mexican dos pesos gold coins go around here for close to melt, they are a little less than 1/20th of an ounce, so you can pick them up for about 50-60 dollars,

 

I'll check those out but I'm a little leary when it comes to non bullion coins.

 

If you can pick them up for melt value what difference does it make.