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<p>[QUOTE="juris klavins, post: 3394948, member: 76693"]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.</p><p>A sampling of prices at a major online dealer for American Gold Eagle bullion:</p><p>Gold spot price today @ 1283</p><p> 1 oz 1330 (+3.7 % premium)</p><p>1/2 oz 686 (+6.9 %)</p><p>1/4 oz 339 (+5.7 %)</p><p>1/10 oz 142 ((+10.7%)[/QUOTE]</p><p><br /></p>
[QUOTE="juris klavins, post: 3394948, member: 76693"]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%)[/QUOTE]
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