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At what price will you start buying gold again?
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<p>[QUOTE="masterswimmer, post: 9974145, member: 102022"]Your logic is skewed, badly I might add.</p><p><br /></p><p>Today's $1,989<b>*</b> 1 oz AGE price (that's a $229 premium above spot) does not equate to two 1/2 oz AGE's today. The 1/2 oz AGE today is running $1,053 each. So two 1/2 oz AGE's (1 troy oz) would cost $2,106. That's a $117 premium for the 1/2 oz over the 1 oz at today's pricing. And that is $346/oz premium over spot.</p><p><br /></p><p>Your scenario only gets worse when you get to the 1/4 oz AGE today. You would be shelling out $550 for a 1/4 oz AGE today. Four of them would be $2,200 for the same total of one troy oz of gold. That's a $211 premium for the 1/4 oz over the 1 oz. And that is $440/oz premium over spot.</p><p><br /></p><p>So in your future $4,000/oz scenario, you <u>might</u> get the 1 oz for $4,000 (if you can find someone selling bullion for spot with zero premium), but you're paying the premium for 1/2 oz and even moreso for the 1/4 oz. So you're not getting two 1/2 oz AGE's for $4,000. It would be the spot plus the premium for 1/2 oz fractionals. The same for the 1/4 oz fractionals. More likely $5,000+ for four 1/4 oz AGE's.</p><p><br /></p><p>Just for ha ha's I did the same comparison for the 1/10th oz AGE even though you said you would not stack them. The 1/10th oz is $273. So 10 of the 1/10th oz would set you back $2,730 at today's prices. That's a whopping premium of $741 per oz premium over today's 1 oz AGE. And it's a $970/oz premium over spot.</p><p><br /></p><p><b>*</b> For consistency I used Provident Metals pricing for bullion today 11/27/22 for all the above examples. At this time gold spot price is $1,760 per oz.</p><p>I also used the lowest prices for Provident's AGE's for each oz and fractional. So I did not selectively use inflated prices to make them look worse.[/QUOTE]</p><p><br /></p>
[QUOTE="masterswimmer, post: 9974145, member: 102022"]Your logic is skewed, badly I might add. Today's $1,989[B]*[/B] 1 oz AGE price (that's a $229 premium above spot) does not equate to two 1/2 oz AGE's today. The 1/2 oz AGE today is running $1,053 each. So two 1/2 oz AGE's (1 troy oz) would cost $2,106. That's a $117 premium for the 1/2 oz over the 1 oz at today's pricing. And that is $346/oz premium over spot. Your scenario only gets worse when you get to the 1/4 oz AGE today. You would be shelling out $550 for a 1/4 oz AGE today. Four of them would be $2,200 for the same total of one troy oz of gold. That's a $211 premium for the 1/4 oz over the 1 oz. And that is $440/oz premium over spot. So in your future $4,000/oz scenario, you [U]might[/U] get the 1 oz for $4,000 (if you can find someone selling bullion for spot with zero premium), but you're paying the premium for 1/2 oz and even moreso for the 1/4 oz. So you're not getting two 1/2 oz AGE's for $4,000. It would be the spot plus the premium for 1/2 oz fractionals. The same for the 1/4 oz fractionals. More likely $5,000+ for four 1/4 oz AGE's. Just for ha ha's I did the same comparison for the 1/10th oz AGE even though you said you would not stack them. The 1/10th oz is $273. So 10 of the 1/10th oz would set you back $2,730 at today's prices. That's a whopping premium of $741 per oz premium over today's 1 oz AGE. And it's a $970/oz premium over spot. [B]*[/B] For consistency I used Provident Metals pricing for bullion today 11/27/22 for all the above examples. At this time gold spot price is $1,760 per oz. I also used the lowest prices for Provident's AGE's for each oz and fractional. So I did not selectively use inflated prices to make them look worse.[/QUOTE]
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At what price will you start buying gold again?
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