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<p>[QUOTE="BooksB4Coins, post: 1872059, member: 36230"]Lasers....</p><p><br /></p><p>This gentleman made some good points, so take them to heart. In the other thread I suggested that you slow down and learn before jumping in, and this still stands. </p><p><br /></p><p>To add to the above: in the other thread someone suggested APMEX, and while in itself a fine suggestion, we must consider your desire to profit. To use your $100 or so on-hand cash as an example, let's say you decided to purchase four ASEs from APMEX and throw in the extra to do so. You would be charged $9.99 on top of the premium you're already paying for said coins, so by the time they're delivered to your door, the individual cost is about $30 a pop (I was originally going to post this Friday in the other thread, and have since forgotten the exacts). Anyway, you do know what spot is now, right? Even though ASEs often sell at a premium, you're starting out at over $8 top of spot, which is a lot of ground to make up just to break even. You also may want to consider how you would sell when the time comes to do so, and remember that there can be costs to sell no matter where or to whom you deal with. This can be anything from ebay fees, to gas, to postage, etc, etc. The point, and this goes back to the earlier suggestion, is that you need to learn and truly understand what you're doing before taking any money out of your pocket. As others have said, it is easy to lose money in this game, and this particularly true for someone with limited funds and/or paying full retail premiums.</p><p><br /></p><p>The fact that you're asking others what you should tell you that you're moving too fast. The fact that you're concerned with fakes should tell you that there is more to learn. If you want to run out and buy a little metal as a collectible or just to have, that's fine, but if you're going to worry about losing money, chances are you will not enjoy it. With the full understanding that $100 may be a lot of money to some, even the best case return is just not worth the stress it may bring you.[/QUOTE]</p><p><br /></p>
[QUOTE="BooksB4Coins, post: 1872059, member: 36230"]Lasers.... This gentleman made some good points, so take them to heart. In the other thread I suggested that you slow down and learn before jumping in, and this still stands. To add to the above: in the other thread someone suggested APMEX, and while in itself a fine suggestion, we must consider your desire to profit. To use your $100 or so on-hand cash as an example, let's say you decided to purchase four ASEs from APMEX and throw in the extra to do so. You would be charged $9.99 on top of the premium you're already paying for said coins, so by the time they're delivered to your door, the individual cost is about $30 a pop (I was originally going to post this Friday in the other thread, and have since forgotten the exacts). Anyway, you do know what spot is now, right? Even though ASEs often sell at a premium, you're starting out at over $8 top of spot, which is a lot of ground to make up just to break even. You also may want to consider how you would sell when the time comes to do so, and remember that there can be costs to sell no matter where or to whom you deal with. This can be anything from ebay fees, to gas, to postage, etc, etc. The point, and this goes back to the earlier suggestion, is that you need to learn and truly understand what you're doing before taking any money out of your pocket. As others have said, it is easy to lose money in this game, and this particularly true for someone with limited funds and/or paying full retail premiums. The fact that you're asking others what you should tell you that you're moving too fast. The fact that you're concerned with fakes should tell you that there is more to learn. If you want to run out and buy a little metal as a collectible or just to have, that's fine, but if you're going to worry about losing money, chances are you will not enjoy it. With the full understanding that $100 may be a lot of money to some, even the best case return is just not worth the stress it may bring you.[/QUOTE]
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