Buying gold

Discussion in 'Bullion Investing' started by CoinBlazer, Mar 5, 2019.

  1. CoinBlazer

    CoinBlazer Professional Teenager

    Alright, I've been reading about G+S and thought of buying a tad bit of gold to add to my diversification strategy. I was thinking of a goal as 1 oz. but with my budget that may take up to a year to save up to. Around $100 per month. But I don't want to "miss out" if you get what I mean. If you don't I mean by the fact that I believe a recession is imminent. So I thought It may be better to nab some fraction that will take less time to save up for. What do you think about my situation?
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  3. Collecting Nut

    Collecting Nut Borderline Hoarder

    I think silver is the better bargain at the moment. Silver can be obtained cheaper than gold and you can buy it in a lot more ways.
    Legomaster1 likes this.
  4. Gilbert

    Gilbert Part time collector Supporter

    If you really want gold you might consider Canadian 1/20 oz. gold Maple Leafs. The premium is high, but for less than a hundred dollars you can buy one a month.
  5. juris klavins

    juris klavins Well-Known Member

    I understand your situation, but the smaller the fractional gold, the greater the premium will be. Premium on bullion is a one way street - you have to pay it, but you won't receive it when selling. If you're holding long term, the value will fluctuate. Another fly in the ointment is state sales tax - major bullion dealers are beginning to add that 6% (+/-) to every purchase - 34 out of 50 states charge sales tax on metals, so add that on if it applies - shop around as there are still a few dealers not charging sales tax (Monument Metals is one). *You may have to report purchases & pay tax anyway when filing your state tax return.
    A sampling of prices at a major online dealer for American Gold Eagle bullion:
    Gold spot price today @ 1283
    1 oz 1330 (+3.7 % premium)
    1/2 oz 686 (+6.9 %)
    1/4 oz 339 (+5.7 %)
    1/10 oz 142 ((+10.7%)
    Last edited: Mar 5, 2019
    masterswimmer and SLACKACTION like this.
  6. Clawcoins

    Clawcoins Well-Known Member

    I tried this strategy when I first started "stacking" in a sense.

    I bought, each month a 1/10 AGE
    Then one month I bought $100+/- of ASEs. that's 5, 6 or 7 1oz ASEs.

    Just put a single 1oz ASE next to that 1/10th AGE
    and then compare the 1/10th to 5 or 7 ASEs stacked super high next to it ....

    I just bought ASEs from that point forward.

    It just was a visual thing ....
    juris klavins likes this.
  7. -jeffB

    -jeffB Greshams LEO Supporter

    Depending on your reasons for stacking, it seems like smaller would be better.

    If you're stacking just because you like looking at the coins, you're starting to sound like one of those fancy-pants collectors... ;)
    coin0709 likes this.
  8. juris klavins

    juris klavins Well-Known Member

    Additionally, you have to be super careful when handling that little gold disk - one false move or inadvertent slip, and that thing will drop and roll (and hopefully stop where you can find it) ;) - ASEs are much easier to handle (and find, if necessary)
    Heavymetal likes this.
  9. spirityoda

    spirityoda Coin Junky Supporter

    buy 1/10th oz. affordable.
  10. Clawcoins

    Clawcoins Well-Known Member

    Fifty 1/10th AGEs are needed to fill the 1/10th AGE US MINT storage tube.
    certainly is smaller space than the equivalent 450 one-ounce ASEs, which would be twenty-two and a half 20 coin ASE MINT tubes.

    .. hope I got my math right ... lol
  11. EdThelorax

    EdThelorax Active Member

    I also believe that silver will out-perform gold in a metal bull market, just like it always has.

    One option would be an exchange traded fund such as GLD. There is very little spread on the buy/sell. No sales tax, and no storage/theft issues. The liquidity is instant as long as the stock market is open. There could be capitol gains depending on your income tax.

    Personally, I go one step further and buy gold and silver miners. This gives me leverage on metal prices without any of the problems of holding more physical than I can feel safe with.

    I diversify my diversification.


    I have never sold any gold so when you sell a gold 1/4 ounce gold coin that you bought for 351.75 Then gold goes up a dollar or stays the same will you still get the amount you previously paid or slightly more.. jus askin not selling
  13. Mkman123

    Mkman123 Well-Known Member

    start small, get some silver rounds, some 90% silver, and then save up for a 1/10th oz gold or a quarter oz gold. Don't just jump in and get a 1 oz gold....thats too daunting if you don't have the funds for that.
  14. CoinBlazer

    CoinBlazer Professional Teenager

    My bullion is not for looking, I really don't care for fancy stuff. I just believe in diversification.
  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Its a microwave world, and everybody wants it now, i have a few sizes
    Including 1/10 OZ thru 1 OZ Gold Coins, my favorite is the Krugerrand
    Followed my the Queens beast series, here,s couple pics Kruger, 22K
    The Beast 24K, you can get most of the designs in the lower weights
    However dollar for dollar if you choose the 1/10 AGE, you will pay
    The least premium over the others, however its best to shop around
    The 1/10 OZ is really small though, will post some of those as well.
  16. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  17. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  18. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  19. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  20. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Here,s a good comparison on size between the 1/10 and 1 OZ coins

    SLACKACTION and spirityoda like this.
  21. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Not sure if your considering another PM ? but just in case there,s Platinum
    It has been down for while, so its do for a rebound, just a couple years
    Ago it was at #1, pick up a few 1 OZ APE,S. it you cost per coin would
    Be allot less then Gold.

    Clawcoins likes this.
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