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<p>[QUOTE="myownprivy, post: 2667223, member: 84588"]With all due respect, if your frame of reference is a podunk little town's local coin shop, then, yeah, I understand why selling a single ounce of gold may be hard with their limited cash flow.</p><p><br /></p><p>However, in the big world out there that most of us live in, selling an ounce of gold is no big deal.</p><p><br /></p><p>So then the question becomes: do you buy an ounce of gold for $1300 today, or about $50 over spot in the form of a single coin, or do you buy 10 1/10th coins for $150 each, or $1500 today? </p><p><br /></p><p>Why waste the extra money? I could resell that 1 oz I bought for $1300 for around spot or a little higher, or $1250-$1275. ($25-$50 loss) I could resell those 1/10th coins for about $10 each over spot ($135 or so each, loss of $15 each)</p><p><br /></p><p>So at the end of the day, I'm out $25-$50 on the 1oz coin or around $150 on the tenth oz coins total. Smart people know what choice to make...</p><p><br /></p><p>Illogical people might as just buy Maplegrams, if smaller is better, right?![/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 2667223, member: 84588"]With all due respect, if your frame of reference is a podunk little town's local coin shop, then, yeah, I understand why selling a single ounce of gold may be hard with their limited cash flow. However, in the big world out there that most of us live in, selling an ounce of gold is no big deal. So then the question becomes: do you buy an ounce of gold for $1300 today, or about $50 over spot in the form of a single coin, or do you buy 10 1/10th coins for $150 each, or $1500 today? Why waste the extra money? I could resell that 1 oz I bought for $1300 for around spot or a little higher, or $1250-$1275. ($25-$50 loss) I could resell those 1/10th coins for about $10 each over spot ($135 or so each, loss of $15 each) So at the end of the day, I'm out $25-$50 on the 1oz coin or around $150 on the tenth oz coins total. Smart people know what choice to make... Illogical people might as just buy Maplegrams, if smaller is better, right?![/QUOTE]
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