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<p>[QUOTE="satootoko, post: 120425, member: 669"]For investing as opposed to collecting, you want bullion coins, which dealers generally will buy at a bit under melt, and sell at a bit over. ("Bit" often being 10-15%.)</p><p><br /></p><p>With gold melt in the $570 range, that means buying fractional ounce pieces to stay in your price range. Not my personal cup of tea, but I believe you can obtain US, Canadiian, Chinese, South African and other bullion coins in 1-tenth, quarter and half ounce sizes.</p><p><br /></p><p>IMHO fractional gold is not a good investment vehicle, simply because the total cost of an ounce is smallest when you buy an ounce coin, higher for two half-ouncers, even more for four quarter-ouncers, and a whole bunch more for 10 tenth-ouncers. It's pretty much the same principle as buying small, regular, jumbo and giant size boxes of soap powder - the per ounce price goes down as the package size goes up.:rolling:[/QUOTE]</p><p><br /></p>
[QUOTE="satootoko, post: 120425, member: 669"]For investing as opposed to collecting, you want bullion coins, which dealers generally will buy at a bit under melt, and sell at a bit over. ("Bit" often being 10-15%.) With gold melt in the $570 range, that means buying fractional ounce pieces to stay in your price range. Not my personal cup of tea, but I believe you can obtain US, Canadiian, Chinese, South African and other bullion coins in 1-tenth, quarter and half ounce sizes. IMHO fractional gold is not a good investment vehicle, simply because the total cost of an ounce is smallest when you buy an ounce coin, higher for two half-ouncers, even more for four quarter-ouncers, and a whole bunch more for 10 tenth-ouncers. It's pretty much the same principle as buying small, regular, jumbo and giant size boxes of soap powder - the per ounce price goes down as the package size goes up.:rolling:[/QUOTE]
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