Pamp/ Credit Suisse Gold Bars vs. Cold Bullion Coins?? - grams vs oz??

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I guess we just don't see eye to eye because I completely disagree with all that. An investment is an investment no matter if its an ounce of gold or a gram. Not everyone has the ability to investment in large quantities. Myself for instance being in college I don't have the funds to purchase large bullion but what I've been able to do is create a collection of gold and now starting with a bit of silver. At the end of the day if gold goes up your larger bullion will increase in value and so will my fractional pieces. As for when it comes to sell, sorry I have never nor will I ever be that simple minded to go and sell it to a store that is looking to make as much of a profit as possible? Whoever sells to stores either A) is really desperate for money or B) does not have knowledge or ability to use the many different ways of selling online (ebay, craigslist, etc). Once again I don't understand your logic of paying the premium because like I said earlier, you will also sell with a higher premium as well. 31.10 ounces of gold is the exact same no matter if you have in in one bullion piece or dozens of pieces and to say it's not an investment is very foolish. But whatever, I suppose everyone will do what they feel fit.

 

If you disagree, then you should continue to purchase 1g bars.

 

Fractional Gold eagles also sell for a higher premium than larger fractions, so I think you understand how it works, and you are spot on when you mention that reselling to a store will definitely work against you.

Just because you presently cannot afford to purchase kilo size gold bars does not make you less serious.

If I remember correctly when I was going to college I rarely had extra money to buy a candy bar much less some gold. I think that makes you more serious than someone who buys out of their abundance, that you are buying while you are just starting out.

Keep it up and I would guess by the time you are 50 years old you will have done much better than someone who only started out when they were 50.

 

You don't have to agree with anybody, but I think you're going to learn a very tough lesson the hard way. That lesson will hit you where it hurts the most. (in the wallet)

 

I can understand that its not always easy to afford to buy large amounts of gold, but what everyone is trying to tell you is the premium you are paying for the small quantities are starting your investments out in the hole.... your paying 50$ for 38$ worth of gold. For you to break even on your investment gold has to increase 350$ per ounce. Depending on how often you purchase the smaller amounts, you might be better off to save up a little bit and try for a larger quantity.

 

Cloud: Will do. And on a last note, the point wasn't about me purchasing 1 gram bars, I don't even own a single 1 gram bar. The point was to figure out why you were so opposed to it and you never really gave any legitimate reason. My point in all this is that when people use the search feature of this message board and look up PAMP, thus stumbling upon this thread, that they don't get discouraged by comments that don't have any facts behind it such as saying it has low quality or that you won't be able to sell it for as much as you bought when both those are completely false. But that's cool that you feel like that.

Chip: Thanks man, I'm glad something I was saying was some what making sense. I think a person should just use whatever resources they currently have. If I can only afford a couple mercury dimes or a silver eagle here and a small fractional piece there, I'd rather take that than have nothing to show. I know most people here have probably quite more funds to spend but to say a small collection that consists of fractional pieces isn't an investment, is completely baffling. Everyone has to start somewhere.

PeacePeople: Don't know where you're getting at. Just reading what you wrote shows me that you didn't take the time to read past the first sentence of what I wrote. If you had you'd see where it wouldn't affect me at all. But thanks for the word of advice.. I guess?

 

I completely understand the premium as I wrote in a previous post. But fractional pieces, no matter if you buy eagles, maples, krugs, bars, etc... ALWAYS sell for a higher premium. So that means when you come to sell that same coin or bar you will get a higher premium back for it. There is no digging of a hole or needing to increase to $350 per ounce because they are worth a higher premium. The only reason you would get less money is if gold drops in price. I was in the the coin store last week and saw a 1 gram bar and asked how much and she said $51 plus tax (keep in mind this was before the recent small increase so I'm sure it's gone up a few more dollars). When buying... smaller the piece, the higher the premium. When selling... smaller the piece, the higher the premium. Simple as that.

 

I gave you several, but you rejected them. You have to deal with the world the way it is and not the way you want it to be. It is easy to say you plan to sell things for much more than their intrinsic value, but reality tends to win out in the long run. Since you aren't personally practicing what you preach, I just want to protect others who may read this thread.

 

You are correct, of course. It's the tuition that life extracts for teaching its lessons to those who refuse to learn from the experience of others.

 

Yes I am rejecting them because they are false, you haven't backed up a single reason you've given. Everything you've said has seemed bias because you just don't seem to like them. For the last time, it has the same purity and quality as most other bullion coins/bars and the higher premium = higher resell value later. Live with it and stop making trying to make others believe something that isn't true. I'm done with this empty-headed discussion.

 

ointnlaugh:

 

to focus salmon: I think you are taking this a bit too personal... whether 1g bars is all you can afford or not is not the point of what cloud is saying... 1g bars are not really considered bullion by alot of dealers because 1st and for most look at the size we are talking about... 1 gram...dealers like to deal with more then a sliver of pm's...think bulk it's what dealers do...do you think you will get close to spot price selling $1 face value of silver quarters or $1,000 face value? sure it's real gold it's purity is undeniable too but they are not exactly respected by dealers or anyone in the pm's industry of selling... if 1 gram per week is all you can afford then think about saving til you can get 1/10 ounce AGE's or possibly think about getting into silver instead? I'm not a rich guy or even remotely consider well off...and I did buy a few 1 gram gold bars but it wasn't cause I plan on being rich from them or a store of wealth/value...if anything they are more for collectors...that's where your going to get a premium for them but as far as thinking on the sole basis that they are bullion will make them worth alot? please don't do that....it will only make you end up losing out...

Alex

 

Trust me man I haven't taken anything personally. I rarely get offended in person let alone on a silly online message board. Like I said earlier my point was to figure out why he was against them, that's all, but in the end I only got dead-end answers. As I pointed out earlier I understand the hit you will take by re-selling to a dealer/store but that's completely obvious. Tell me this.. if you were to sell your car, would you take it to a dealership or would sell it yourself? If you would honestly be that simple-minded to sell it to a dealer then you I really hope you enjoy the couple hundred/thousand of a hit you just took. The same way, why should I take a hit on something I want to sell when I have all the resources in front of me (online auctions, ad listings, etc)? Secondly, it's just annoying seeing bias statements that have no spine. Once again I'll use cars as an example... I really don't like american cars, as a matter of fact I actually really can't stand them, but I'm not going to go around throwing out things that aren't true like that 90% of tend to explode. The same way the first thing said was that they were of "low quality" and the purity wasn't as good as other bullion. Really? Then prove it.

Like I said I don't own any of them, but I don't find it cool to think of someone stumbling across this thread and to walk away with false facts.

 

You funny. :too-funny:


Stick around and keep reading these forums, you might catch his drift eventually. At the moment, you seem to have gotten yourself a touch wound up on some things that were just being offered as some straight advice. Cloud has some of the most consistent, informed and objective comments to offer in these forums. Being so new to the forum as you are, it's worth taking the time to get to know that about his approach, which I think you can by hanging around a bit. You may even discover that the sentiment is similarly reflected about these tiny bars by yet others who haven't responded. :thumb:

 

so you just throw it around that 1 gram bars are the only thing you can buy but do not own any...

also if you are going to use cars as an example then at least use a good example...think if a pos car that is far past it's prime...it leaks a quart of oil everyday and the smoke coming out it's tail pipe is blacker then the new black pavement the road construction crews are using now...it looks really really bad in other words do you think a dealer is going to want to even buy it from you? the same goes for 1 gram bars... that car might go another 200,000 miles without a major break down but that does not matter to the dealer just the same with the 1 gram bars... you starting to see a pattern? it's not so much about what it is it's how it is... 1 gram bars are just novelties to dealers and you'd be lucky to get a few dollars under spot for them...the same goes for non collectors of them or people that don't collect them too...it's all about respect and they just look like that old oil leaking black smoke breathing car to alot of people...

as far as purity and quality how do you guarantee them? I can crap in a bag and mark it guaranteed but what does that matter? it's still crap...and just cause you can sell something on e-bay for more then you paid for it doesn't mean it's actually worth that much...it can be simply you got someone with no idea what they just bought...

lastly at least with say AGE's are backed by the U.S. Government...

 

Please show me where I said 1 grams are the only thing you can buy? I would love to see you pull out a quote from anything I said that even slightly resembles that. My point was if you can afford 1 oz coins/bars... great! If you can only afford fractional pieces... great! My entire point was that there is no right or wrong way.

As for my example, please be educated in the topic before stating that it's a good or bad one. The majority of my dad's side of my family are in the automobile business with two of my uncles owning their own dealerships. You can take any "pos" car (running or not) and 99.9% of dealerships will purchase them from you. Will they put them on the lot to sell? No. What they'll do is send them off to be auctioned off for a profit. If money can be made, it will be purchased. SO no I'm not seeing your pattern of referencing to my original example seeing that I was only talking about resale but now you're saying fractional a "pos"?

How can I guarantee the quality and purity? I don't have to when they are backed up by one of the biggest banks of the world. So yes the 999.9% purity is guaranteed and for even more peace of mind an assay card is included. And please stop using immature examples, that's not something you should be hearing from a college student.

If someone actually gives me a valid reason/facts about the quality, purity or resell (and for the 800th time I'm not talking about through a coin store that is trying to make a nice profit) then I will gladly agree and apply it to my understanding. But until then I'll still talk about everything I've been told/learned not through only the internet but also coin/bullion dealers in my area.

 

wow your a touchy one...

sure money can be made in anything if your smart about it but fractionals and 1 gram bars are not the same...1 gram bars are novelties...anyone that thinks they are worth more then bullion or even equal to other types of bullion are wrong...