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<p>[QUOTE="Jason.A, post: 2765315, member: 87620"]This is pretty great advice.</p><p><br /></p><p>Buying fractional is a terrible investment. Consider the example below of buying 1 ounce of gold. </p><p><br /></p><p>Example Via Apmex</p><p>Spot: $1269</p><p><br /></p><p>1 ounce Gold Maple Leaf</p><p>You buy from them at $1316, premium of 3.6% or $47</p><p>You sell back to them at $1277, at a loss of $39</p><p><br /></p><p>You end up -$39</p><p><br /></p><p>1/10 Ounce Gold Maple Leaf</p><p>You from them at $146 x 10=$1460, a premium of 13% or $191</p><p>You sell back to them at $126.50 x 10 =$1265, at a loss of $195</p><p><br /></p><p>You end up -$195</p><p><br /></p><p><br /></p><p>However, if you are collecting, buying tenth ounce gold allows you to have a wide variety of gold coins for a much lower cost than buying full one ounce coins. Just realize you will probably lose money even if you resell because gold goes up.[/QUOTE]</p><p><br /></p>
[QUOTE="Jason.A, post: 2765315, member: 87620"]This is pretty great advice. Buying fractional is a terrible investment. Consider the example below of buying 1 ounce of gold. Example Via Apmex Spot: $1269 1 ounce Gold Maple Leaf You buy from them at $1316, premium of 3.6% or $47 You sell back to them at $1277, at a loss of $39 You end up -$39 1/10 Ounce Gold Maple Leaf You from them at $146 x 10=$1460, a premium of 13% or $191 You sell back to them at $126.50 x 10 =$1265, at a loss of $195 You end up -$195 However, if you are collecting, buying tenth ounce gold allows you to have a wide variety of gold coins for a much lower cost than buying full one ounce coins. Just realize you will probably lose money even if you resell because gold goes up.[/QUOTE]
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