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<p>[QUOTE=&quot;Clawcoins, post: 2562562, member: 77814&quot;]Yes, currently the gold premium is $11.55 per /10th over a 1 oz.</p><p>which equates to 115.50 per oz.&nbsp; I never thought of looking at it that way, but that definitely helps.</p><p><br /></p><p>I&#039;m not in the situation to buy a Gold 1oz without having to save up so I actually didn&#039;t compare the 1 vs 1/10. </p><p><br /></p><p>But looking at Provident this instant.&nbsp; </p><p>Silver BU ASE is $21.55, buy-back is $19.76 with a ($1.79) loss. So say 6 which is $1.79 x 6 = ($10.74) Silver vs </p><p>Gold 1/10 $146.16 purchase &amp; buyback at 134.36 which is ($11.80) per 1/10th.&nbsp; Thus $1.06 loss in Gold vs Silver if purchased in similar $$ and returned immediately.</p><p><br /></p><p>But spreading that over the entire purchase (1 tube Gold vs 17 Silver) by lot it&#039;s Gold ($590) vs Silver ($608).&nbsp; </p><p><br /></p><p>So Gold is a cheaper loss in a way if all bought and sold in an instant due to quantity.&nbsp; But by 1v6 small lots Silver is a cheaper loss though not totally equivalent.</p><p><br /></p><p>It actually requires 6.78 Silver 1oz to 1 Gold 1oz versus 6 when I did the calculation, which would calc out to Silver ($642) loss in equivalent one lot 1 gold 1/10 ($11.80) and 6.78 Silver 1oz s ($12.13) .</p><p><br /></p><p>This calc excludes the actual spot price and I used a general buy-back price in which Gold loses another $7/oz and Silver $1.46/oz which equates too another ($350) for Gold and ($496.48) for Silver over an entire lot.</p><p><br /></p><p>of course this excludes any numismatic valuation in the off market, which I think the silver would have an edge.</p><p><br /></p><p>Oh poo ...</p><p>I gotta check my calculator again (time to make a spreadsheet).</p><p><br /></p><p>Maybe I should just get the no-load/fee ETFs in Fidelity.&nbsp; This seems to be the best route versus actually holding the PM.&nbsp; Though I have to calc into it buy/sell transaction fees.[/QUOTE]</p><p><br /></p>

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