I want to buy/invest in gold bars but like so many I can't afford to drop thousands of dollars. Now I've done some thinking I could get 3 (1 gram) gold bars from Sunshine Mint for $149.71 with shipping from Silver.com Or I could get the following from silver.com If anyone has a 1 and or 2 gram gold bar/s could you please tell me how many inches they are from top to bottom. I've checked and checked multiple websites and non list the length. I apologize if prices and dealers names aren't allowed. 2015 1 oz Silver Canadian Maple Leaf Coins $18.92 2015 1 oz Silver Chinese Panda Coins $23.08 2015 1 oz Silver Australian Kookaburra Coins $20.79 2 gram gold credit suisse liberty bar $97.29 Total $166.03
They aren't even an inch, maybe a quarter of an inch from top to bottom if that. I don't have one on hand though or I would check for you.
For about the same price you could get a 1/10 oz gold eagle. It weighs over 2 grams. You may be able to find 1/10 oz gold also from one of the other mints you have listed above for silver.
Are you interested in coins as well or do you have your heart set on getting bars? There are some much lower premium options if you are willing to buy gold coins. That 2 gram bar is being sold for a 27.8% premium over spot, I wouldn't recommend it as an investment. But if its really what you want by all means buy it.
Are gold coins better to invest in then gold bars? And how big are they? In other words are they bigger than a dime, smaller etc?
They are pretty small, but so are the bars. At least with the coins you can find them for a 10-12% premium rather than 27%.
I would agree. Tiny gold coins or bars are not great investments. You simply have way too high of a premium. If I wished to own fractional gold, I would save up a little and buy something like a 20 Franc piece from France or Switzerland. Its a real coin, interesting history, and has a much lower premium over melt. You can find these for just over melt, maybe 5-10% premium. They are .18XX ounces of gold. I just bought three of them personally. If you cannot afford gold with a reasonable premium, you are better off investing in silver. Just my opinion.
If you were able to find the cash here's an unusually good deal on a 1/4th oz gold American eagle from Silvertowne on Ebay (well respected major retailer) Its only 4% over spot: http://www.ebay.com/itm/301490766574?_trksid=p2059210.m2749.l2649&ssPageName=STRK:MEBIDX:IT
OP try to stay in an average of 10-12% over spot at most or you will fall into the trap of trying to sell later and would lose money unless prices go sky high...save your money to buy bigger and you will be rewarded for your discipline... All posters here are guilty from time to time of paying more premium over spot for a cool coin or bar but only do that if it is something you will enjoy for collecting and not for investment/hedge against the dollar.
Most of the 1/10 oz coins I got from the LCS. I got them for 8% over spot. The small gold bars do seem to carry a higher premium than the coins. The 1/10 oz coins are just a rim widths smaller than a dime.
I'll take a picture later of the 1g credit suisse bar I have. I bought it not too long ago when spot was at $1220ish and paid $43 for it on eBay. Made an offer but was expecting a counter offer and later found out the shop was about 15 minutes from where I used to live on the east coast and messaged him and shared some small talk with him and he shipped it for free [emoji106] [emoji6]
I've got a Credit Suisse 1 gram bar that has a flower on one side, and is intended to be worn as a pendant. What will they think of next!
Not a bad price I like the 6 months payment plan. I need to see if I feel comfortable in the next couple weeks to drop that much on a single purchase.