AGE fractionals are running out at Apmex!

I made the mistake of purchasing some 1/10 coins early on when I was getting my feet wet in PM's. I won't make that mistake again, I always forget to count them when I look at my PM holdings.

I suppose some gold is better than nothing? I'm wondering if you're just better buying as much silver as you can rather than loading up on 1/10 or even 1/4 oz coins...

 

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Buying lots of silver or lots of small denomination gold can come to a storage issue if not for investment reasons or aesthetic reasons to buy larger bullion coin... Then there are the 'end of the world' folks who might say smaller denominations are easier to use buying things when TSHTF. I tend to fall in the aesthetic/investment reasons for the sizes when I buy bullion. I like silver a lot but it really takes up a lot space. I like gold, but the expense of having lots of it, well you know how that goes. And I also think it's all just gold, so any size is fine as long as it's the kind that is easily identified as pure and properly minted by a reliable source when the time comes to resell. I would also never turn away a small 1/10th oz. if it was gifted to me or won somehow. =)

 

I like the looks of this puppy!http://www.apmex.com/Product/55736/20_Ounce___2009_20th_Anniversary_Gold_Philharmonic.aspx

 

I knew it! ...but far from fractional!

 

Oh boy, if someone wants to shower me in 1/10 oz coins, I'll be the happiest guy on earth! You're right gold is gold. I haven't yet crossed over to the numismatic side of coin collecting yet...


I have a bunch of 10 oz silver bars and they do take up space. It's shame they can't somehow compress the silver so it doesn't use so much real estate.

I don't want us to ever be in the TSHTF scenario. That's not a good situation for anyone...

 

You can buy some real estate with those silver bars! Apparently it's being done out there from stories I've seen mentioned. Real estate is a decent investment for the long haul as well as PMs. I wish I had some real estate too but not living here in NYC where most of us rent.

 

I feel your pain as a new yorker myself. The real estate around here is absolutely insane. I was lucky enough to get into a condo about 10 years ago before the real estate boom. But that was luck and nothing more.

I keep tabs of real estate in the tri-state area and they are beginning to come down, not as fast as other areas like florida, arizona and nevada but those homes never should have appreciated as much as they did in the first place.

NYC keeps these homes around here inflated.

Hopefully in the next 3 years we can buy some of these homes with our PM's...mainly silver I hope, since I have many more ounces of those!!!

 

I feel for the people who bought into the over inflated real estate in recent years and who may be suffering those mortgages now! Wow! I can't even imagine it.

 

I don't know if you follow Peter Schiff, but he's always been a renter.

He recently just purchased a home at an undisclosed amount of course.
But he's had some very good reasons for renting VS owning.

The home he just bought he's been renting since 2003!! The owners built it brand new back in 2003 and paid top notch dollar. Over the last 6 years the value of the home has dropped almost 50%!!!! They've been trying to sell the home for 3 years with no buyers.

Finally Peter decided to purchase the home because it's too much of a bargain at this point, even though he believes it still has a little left to go down but it's a price decline that he's willing to absorb....

There were some VERY close times I was going to purchase another home, I've even gone as far as to put in an offer and get approved. The only thing that stopped me were the sellers refusing my bid.

If they accepted, I would have been underwater with the way RE has dropped....amazing!

And to add, I would have had no available cash to be looking into PM's!!!

All of my cash would have been pouring into a very expensive monthly home loan at an ever decreasing home valuation!!!