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<p>[QUOTE=&quot;kanga, post: 1819899, member: 9270&quot;]I just bought my first bullion item.</p><p>A plain 1 oz gold bar.</p><p>I&#039;m thinking investment potential.</p><p>&nbsp;</p><p>The reason for buying a plain gold bar is easy to understand.</p><p>There is a lot less overhead for it&#039;s production than the so called &quot;bullion coins&quot;.</p><p>Hence lower initial investment.</p><p>&nbsp;</p><p>Why a 1 oz of gold rather than silver?</p><p>&nbsp;</p><p><b>Initial Thinking </b>- I considered buying one 10 oz silver bar each month.</p><p>Then I found out that the state of Maryland doesn&#039;t tax precious metal purchases if the cost is over $1000.</p><p>That saves 6% right there if I spend the $1000+.</p><p>&nbsp;</p><p><b>Next Thought</b> - How much silver would put me over the $1000 level?</p><p>Five 10 oz bars would be close; six would definitely put me over.</p><p>So instead of one bar a month I would buy six bars twice a year.</p><p>&nbsp;</p><p><b>Final Thought</b> - Storing 60 oz of silver each 6 months would at least be annoying if not difficult (a safe deposit box could get quite heavy).</p><p>But the cost of 60 oz of silver is about equal to one oz of gold.</p><p><b>BINGO</b>!!!</p><p>I&#039;ll buy a 1 oz bar of gold every 6 months.</p><p>&nbsp;</p><p>So I bought my first 1 oz bar today.</p><p>Gold spot was $1242 and change.</p><p>Dealer&#039;s markup was 3.2%.</p><p>So the total cost was $1281 and change.</p><p>Now if I can only get gold to go back up to the $1500-1600 range <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p>And I&#039;ve now got 6 months to see if the gold spot is going to at least increase enough before it&#039;s time to buy another bar.[/QUOTE]</p><p><br /></p>

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