Black Friday Deals

Discussion in 'Bullion Investing' started by myownprivy, Nov 17, 2017.

  1. SLACKACTION

    SLACKACTION UNION REPRESENTATIVE

    any guess on todays spot item.....
     
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  3. Bman33

    Bman33 Well-Known Member

    Based off yesterday, something crappy.
     
  4. myownprivy

    myownprivy Active Member

    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.
     
  5. Bman33

    Bman33 Well-Known Member

    Yeah, very disappointing.
     
  6. myownprivy

    myownprivy Active Member

    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
    Gold $1292
    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.
     
    SLACKACTION likes this.
  7. Bman33

    Bman33 Well-Known Member

    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.
     
  8. SLACKACTION

    SLACKACTION UNION REPRESENTATIVE

    is it up yet ??
     
  9. myownprivy

    myownprivy Active Member

  10. Bman33

    Bman33 Well-Known Member

    Yeah, and a Year of the Rabbit Silver Coin.
     
  11. Bman33

    Bman33 Well-Known Member

    Krugerrand is tempting. I only do American Buffalos though.
     
    Alaska stacker likes this.
  12. myownprivy

    myownprivy Active Member

    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.
     
  13. Bman33

    Bman33 Well-Known Member

    You couldn't get it? Confused.
     
  14. Bman33

    Bman33 Well-Known Member

    Wow, it did go out of stock in a few minutes.
     
  15. myownprivy

    myownprivy Active Member

  16. Bman33

    Bman33 Well-Known Member

    Saw that. Very disappointing. Crappy rounds and a small gold bar.
     
  17. SLACKACTION

    SLACKACTION UNION REPRESENTATIVE

    yep saw that also...waiting till eleven for Provident spot special
     
  18. myownprivy

    myownprivy Active Member

    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.
     
    Bman33 likes this.
  19. Bman33

    Bman33 Well-Known Member

    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.
     
    myownprivy likes this.
  20. myownprivy

    myownprivy Active Member

    $10 US gold commemoratives at spot and a 1 oz poured silver bar at spot today only on Provident.
     
  21. Bman33

    Bman33 Well-Known Member

    Anyone going to bite?
     
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