Discussion in 'Bullion Investing' started by myownprivy, Nov 17, 2017.
any guess on todays spot item.....
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Based off yesterday, something crappy.
Exactly. Who is dumb enough to buy a random 1 oz gold bar without assay or guaranteed security features because they can save $20. It's very foolish.
And what was the other one? Air Force reserve or something random 1 oz silver round? Well that will be the perfect gift for 1 out of every thousand people who viewed the website yesterday.
Yeah, very disappointing.
However, all week Mexican 2.5 Pesos are on sale for $5 over spot. It's only a couple grams of gold, but it's tempting to buy. (That's about $80 over for an ounce). However, their buy back price of gold 2.5 pesos shows a considerable loss under spot.
2.5 Peso AGW .0603 oz
Sell price $82.9 (actual gold value $77.9. Percent over spot: 6.1%)
Buy back Price $73.77 (actual gold value $77.9 Percent under spot: 5.3%)
It's an interesting item, but you're taking an 11.4% gamble. Gold would have to increase 11.4% just to make your money back reselling it, or increase to $1439.
I'm tempted to pick one up, but my math convinces me to pass.
Those can be good to stack over time. I liken it to when I go to the LCS and just buy a role of 90% dimes instead of a big purchase. It will add up.
is it up yet ??
Krugerrands at spot!
Yeah, and a Year of the Rabbit Silver Coin.
Krugerrand is tempting. I only do American Buffalos though.
It went out of stock as I was ordering. Pretty crappy, but I suppose it would have been milk spotted anyway. It was sold as uncirculated rather than BU, as is typically the case.
I guess I am not too upset.
You couldn't get it? Confused.
Wow, it did go out of stock in a few minutes.
JMBULLION has posted. Nothing that interests me, though. https://www.jmbullion.com/on-sale/
Saw that. Very disappointing. Crappy rounds and a small gold bar.
yep saw that also...waiting till eleven for Provident spot special
I'm just looking to put together a nice, fun $100-$200 order and I am not seeing anything I like. Here's hoping for some Britannias at spot and maybe a 1/10 gold piece.
Me too. After yesterday with both items selling out so fast you gotta stay on top of it. I would love some fractional gold or Junk 90% at melt.
$10 US gold commemoratives at spot and a 1 oz poured silver bar at spot today only on Provident.
Anyone going to bite?
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