Here's the problem with 1/10 oz gold

Discussion in 'Bullion Investing' started by Jason.A, Jun 27, 2017.

  1. Blissskr

    Blissskr Well-Known Member

    Gold is gold except when you go to sell. All the bars generally get treated as generic and bids are usually back of spot.
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  3. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    I have found similar results
  4. HawkeEye

    HawkeEye 1881-O VAMmer Supporter

    There is also the danger that down the road you would have to have them assayed to prove purity. If I were a scammer like Bernie Madoff this is what I would sell. I think they are in the class of time share condos. You want to be on the selling end but never the buying end. Stick with government issued gold and silver.
  5. Johndoe2000$

    Johndoe2000$ RE-MEMBER

    Many manufacturers use sealed assay cards now for that specific reason. Haven't seen many, if any fractionals though. I got this for spot to help a friend out.
    s-l400 (40).jpg s-l400 (41).jpg
  6. sakata

    sakata Devil's Advocate

    Sealed assay cards from reputable manufacturers is the only way I will buy gold bars. Not that I have many as I prefer European pre-1930 coins.
    FBLfinder and Johndoe2000$ like this.
  7. Johndoe2000$

    Johndoe2000$ RE-MEMBER

    I prefer even modern gold bullion coins to bars, but just this one time I chose the bar. Now silver, I usually will get whatever is closest to spot,"USUALLY".
  8. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    Buying at spot is always my goal..LOL
  9. Billyloves silver

    Billyloves silver New Member

    I like the small silver bullion fractional rounds 1/10th. I'm told the manufacturer charges the same strike fee as with larger pieces. Hence the higher premiums. I buy a roll each month and occassionaly 1/4 oz rounds.
  10. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    That's a good strategy, I have a investment stash of both 1/10 once and 1 OZ gold
    but the 1/10 is much bigger....LOL
  11. Blissskr

    Blissskr Well-Known Member

    Unless silver goes up drastically to cover the often insane premiums for fractional silver rounds you're likely going to face a bloodbath when you sell. I would never buy fractional silver rounds as they are treated as generic bullion and dealers are going to offer you back of spot almost every time.
    Jason.A likes this.
  12. Mike Thorne

    Mike Thorne Active Member

    If you like the look of the coin, and you're not paying all that much above its bullion value, I say to buy as many as you want. Treat it like a collection rather than an investment, and you'll be happy with it whatever happens.
  13. Jason.A

    Jason.A Active Member

    Returning to this thread, I will add that it appears buying 1/10 of an ounce of gold can often be a better buy than buying a similar dollar amount of silver bullion.

    What I mean is:
    Gold is $1230 today
    Silver is $16

    While the smartest, lowest premium buy is always an ounce of gold, if you have only around $125-$150 at your disposal, fractional gold may be the smarter buy if your aim is to pay the tiniest premium.

    Silver Maples (random year) are available for $18.64 each at provident
    A random year gold maple 1/10 oz is available for $134.76

    You could buy 7 silver Maples for about $130.50 for 16.5% over spot (buy back is $16.70 each or $116.9)
    You could buy 1/10 gold Maple for $134.76 for 9.5% over spot (buy back is $129)
    Johnnie Black likes this.
  14. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    That,s the key, finding the happy medium between what you like and what your
    Willing to pay :)
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