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Newb at buying silver and gold,need some direction please.
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<p>[QUOTE="medoraman, post: 991667, member: 26302"]The problem with small parcels of gold is that you have to pay a premium to buy them, but when you sell the dealer only wants to pay you bullion value. I would stay away from them for investing purposes. You should buy "whole units" of any metal. Save up to buy an ounce of gold. Short of that, you could look at a US $2.50 or $5 gold piece if you can buy it near gold value, (probably have better luck with the $5). I just don't like 1 gram or tenth ounce gold as a bullion investment. At least with a US gold coin there is a numismatic component to the investment as well. Speaking of that, at these high silver prices a lot of junk silver is the same price. Buy Mercury dimes and WL halves if you can get them for melt since IF silver goes down they usually have a better resale price since they are desirable for coin collecting, especially WL halves. When silver was low the WL halves sold for at least $1 more than junk silver did per face value. If you can buy decent SL quarters or good barbers even better! A lot of numismatic premiums go away with rising silver, but if silver stays where its at for long, or goes down, those premiums will return.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 991667, member: 26302"]The problem with small parcels of gold is that you have to pay a premium to buy them, but when you sell the dealer only wants to pay you bullion value. I would stay away from them for investing purposes. You should buy "whole units" of any metal. Save up to buy an ounce of gold. Short of that, you could look at a US $2.50 or $5 gold piece if you can buy it near gold value, (probably have better luck with the $5). I just don't like 1 gram or tenth ounce gold as a bullion investment. At least with a US gold coin there is a numismatic component to the investment as well. Speaking of that, at these high silver prices a lot of junk silver is the same price. Buy Mercury dimes and WL halves if you can get them for melt since IF silver goes down they usually have a better resale price since they are desirable for coin collecting, especially WL halves. When silver was low the WL halves sold for at least $1 more than junk silver did per face value. If you can buy decent SL quarters or good barbers even better! A lot of numismatic premiums go away with rising silver, but if silver stays where its at for long, or goes down, those premiums will return.[/QUOTE]
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Newb at buying silver and gold,need some direction please.
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