News item: 'Tiny Gold bars all the rage w/ investors'

Discussion in 'Bullion Investing' started by Juan Blanco, Dec 21, 2012.

  1. Juan Blanco

    Juan Blanco New Member

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  3. ArthurK11

    ArthurK11 Active Member

    It seems like a pretty good idea to me.
     
  4. Juan Blanco

    Juan Blanco New Member

    (Hope this isn't threadjacking my own post, but it's conceptually related.)
    Has anyone seen or bought from one of the Gold-2-Go vending machines (mentioned in the article)? Is there still a unit in Boca Raton? Are the premiums really/still that terrible?

    gold_to_go_atm_machine.top.jpg

    http://www.cnn.com/video/#/video/us/2010/12/18/dnt.gold.atm.cnn
     
  5. Juan Blanco

    Juan Blanco New Member

    I'd imagine that's a similar demographic for Gold-bullion owners over here. But older lol.

    On the East Coast USA, ccording to EOL's website, there's now a vending machine in Stack's Bowers @ W.57th St Manhattan and another at the Golden Nugget in Atlantic City NJ.

    I see this in a dated news item, but I could've sworn that the initial premium in 2010 was outrageous, ~25%! Maybe it was added sales tax or something....
    http://www.thenational.ae/news/uae-news/golden-hole-in-the-wall-at-emirates-palace
     
  6. medoraman

    medoraman Supporter! Supporter

    Yes, last I heard the premiums on those machines are still high. So much for the efficiency of not having to pay an employee, huh?

    I read the article on CombiBars. Anyone want to wager on the over/under of when Chinese fakes of these would appear on the market if these became popular?

    Sorry, I simply prefer coins that I can easily verify physical dimensions and weights to ensure they are really PM.
     
  7. John Anthony

    John Anthony Ultracrepidarian

    If the economy collapses and cash is devalued, wouldn't it be more practical to use silver for trade?
     
  8. adric22

    adric22 Member

    Still too expensive for me. I'll still have to stick to silver.
     
  9. wheatpennypeter

    wheatpennypeter New Member

    Gold and Silver "combi" bars are available at APMEX now, but I haven't seen them at any of the other "big" PM dealer websites yet.
     
  10. Juan Blanco

    Juan Blanco New Member

    Just looked at the APMEX site; the newly listed Ag "Combi-Coin" (100 g Ag) retails USD$197. The intrinsic value (POS) is $96.45! Good grief: is there a worse premium (aside from Norfeds) out there?
     
  11. wheatpennypeter

    wheatpennypeter New Member

    Yes, the premium is too high for them, the silver one in particular, but I still went ahead and bought one of each.

     
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