The US exports a lot of raw materials to other countries, then we buy back the products they are made with.
mainly cause I only got a 1 gram gold bar and would like to own a coin so I can actually say I got gold and not a gimmick piece
1/10 oz of a gold coin command a premium when you want to buy them. but only gets a bullion value when you want to dispose it. the selling price for 1/10 oz is around $180.00 to $190.00 for a common coin. check apmex.
Her numbers are always to be questioned... maybe that includes the price of shipping to Philippines? or that might be what Coast-to-Coast charges her.
take them into a coin dealer and ask what they'll take in trade for a gold statue of liberty commem. it's prettier and bigger too!
CURRENTLY: overnight in Asia-Pac markets for Tuesday, 08/31/2010 GOLD: $1,238 Silver: $19.06 Platinum: $1528 Palladium: $496
Here's what the company I deal with says about pricing for 1/10 oz coins (and the rest..) For ('their') retail selling price, multiply "Ask" price by 1.035. For (their) retail buying price, multiply*** "Bid" by 0.97 I don't know how anyone else calculates, but I have used a nice excel spreadsheet they sent me to keep track of the ups and downs of both gold and silver (broken down by sizes/ fractionals / and silver content of different types of silver etc. I find the chart very helpful, as you put in your original purchase prices and the formulas calculate the rest, ie, ending up with a total valuation. On any given day, I can just go in and change the $ price of gold and silver, and the formulas are computed instantly for an up to the moment valuation where I can see gain or loss and to what extent. I also have a chart my husband used to maintain that takes the same data, and it calculates where your break even is (considering commissions on both ends as appropriate, and things like shipping costs); computing capital gains/losses, etc, so that in the end a more informed decision can be made on buying and selling. Now if I could just understand it all! All that was to say if you wanted an email of the blank form I could send it?
what's the company? a bullion dealer? or just your personal investment brokers? (Obviously, if this is something you don't want to divulge, don't feel you must just because I asked. :smile )
"MoneyChanger" Purchased some from them over the years, and some from Goldline, and others. Sold some through them (swapped actually when the ratio between gold and silver was GREAT for the swap) about 4 years ago. My husband made the owner PROMISE to help me should I need help. True to their promise, they have helped me so far by telling me what to watch for in ratios etc.. Charts for my use, explanations that I STILL don't really 'understand'. They know that I could go elsewhere -- no commitment, yet they will take my calls and questions any time. No other company that we ever dealt with has been as helpful. Will they make money off of me someday? Yes (that's what business is). Will they have earned it? (Yes, already have) The guy made a deathbed promise. He has kept it when he could have been a vulture. MoneyChanger. Franklin Sanders. I will gladly tell you any of this data, but please don't ask me for #'s like you always ask Elaine
LOL! Well, Ms. Elaine just needs to cite her sources and give some personal insights. I appreciate what you have shared from your experiences. Thanx!
P.s. Krispy, I wouldn't go near a personal investment broker with a 10 foot pole! (Think: Madoff?) Sorry, and no offense meant to anyone, but gee whiz, why would I want someone else's SLANTED opinions? I won't even let my very trustworthy attorney talk to me about any of it! Paranoid. That's one way of putting it!!
I understand. I think Madoff-types could shout at you from 10 feet, better add a zero and make that yards rather than feet.
100 yards. That works! I hope I am clear here; I mean NO disrespect to anyone in the investment broker field. It's just that HOW can I trust the decision(s) made for me when the person(s) making those "recommendations" stands to lose NOTHING (well, except an unhappy customer maybe) while I stand to lose whatever! And then pay them for the service? Beside that, it's just like doctors. In the end, they really are just people like you or me, who are educated in their field. Somewhere is the VERY worst doctor, and somewhere is the VERY best doctor...and both are treating someone who knows not which he has -- best or worst. And BOTH are trusted to be the best. Go figure.
CURRENTLY: In UK/EU markets for Tuesday, 08/31/2010 GOLD: $1,234.30 Silver: $18.93 Platinum: $1518 Palladium: $494 US market opening in about an hour twenty minutes...
CURRENTLY: In UK/EU markets for Tuesday, 08/31/2010 GOLD: $1,234.50 Silver: $18.88 Platinum: $1515 Palladium: $494 US market opening in about thirty minutes...