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<p>[QUOTE="krispy, post: 1074187, member: 19065"]Indeed it does add up, however the 20% or whatever the premium on small weight bars may be over spot really adds up fast too. It is much better to save one's money until they can invest in a full ounce of gold especially if it's for investment purposes. I doubt the jewelry makers are going to be buying from vending machines. They tend to buy scrap or anything with low premiums and inturn mark up their products significantly, which includes their time and skills, not just the value of the metals. With gold @ $1,375/oz. having 31 one ounce gram bars to achieve that ounce but paid for with 20% on top adds another $275 to the cost of your ounce of gold, or $1,650/oz. Yikes! Think of that $275 as 1/5th, and when you have five you have an ounce more gold if you had saved up your money and bought more responsibly priced gold... <i>that</i> stacks up.[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 1074187, member: 19065"]Indeed it does add up, however the 20% or whatever the premium on small weight bars may be over spot really adds up fast too. It is much better to save one's money until they can invest in a full ounce of gold especially if it's for investment purposes. I doubt the jewelry makers are going to be buying from vending machines. They tend to buy scrap or anything with low premiums and inturn mark up their products significantly, which includes their time and skills, not just the value of the metals. With gold @ $1,375/oz. having 31 one ounce gram bars to achieve that ounce but paid for with 20% on top adds another $275 to the cost of your ounce of gold, or $1,650/oz. Yikes! Think of that $275 as 1/5th, and when you have five you have an ounce more gold if you had saved up your money and bought more responsibly priced gold... [I]that[/I] stacks up.[/QUOTE]
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