Where to buy small gold bars/rounds?

Ok, so a gram of 999 gold is worth $57.15.
I would like to find a 5 grain gold bar.
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[h=2]5 grains = 0.32399455 grams[/h]




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A 5 grain gold bar is worth about $19.

However the cheapest I can find them is $30 each.

 

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Why? Gold would have to go up to almost $3.5K for you to break even.
You gotta crawl before you can walk. You gotta walk before you can run.

 

Don't bother. The premiums will kill you. Save your cash and buy bigger. You'll never make anything on grains. Besides, you can easily lose something so tiny:

 

Unfortunately with the smaller amounts of gold (or silver for that matter), they usually carry a higher premium.

If you want some gold at a cheap price, I recommend looking for circulated $1 gold coins. I see them sell for around $100. There's also the 2 pesos gold coins that usually sell around $80.

 

The only gold coin I have is a Mexican 2 peso from 1945. Not so small that I have to worry about sneezing around it, but not a huge sunk cost either. Why would you want something as small as 5 grains?

 

He's trying to run with the big dogs, but he's still only a puppy.

 

Buy scrap gold instead of lining sellers' pockets. And keep away from gold flakes!- Worse than grains!

 

The smaller you go then the premium the gold carries will be higher(percentage wise). If you want to start small try saving little and getting at least a 1/10 oz gold eagle. IMO a quarter oz is the smallest you want to go.

 

:yes: get one of these :yes:

 

1/10 gold eagles from provident

 

Where is Detecto? Is this another hit and run thread?

 

Who can you buy from except sellers? You're either a buyer or a seller.

 

Not quite what I meant. Better to keep some of the premiums by buying larger than paying through the nose for minute gold pieces which will never return a profit.

 

^Would you not be able to recoup that premium when you sold the small amount? Spot price is for 100 ounces of gold. It's assumed that any smaller amount will have a progressively higher premium.

 

I'll never understand why people can't grasp that it costs to fabricate metal.

You really only have 2 choices, buy what you can afford at the time, or save up and buy something bigger that you can afford at the time. Make that 3, whine about the premium on the size you can afford and don't buy, just live off the sympathy you hope to garner.

 

Thanks for the replies everyone. Although I like gold, I can't afford to buy ounces or half ounces. Wish I would of bought back when it was $300 an oz, but who doesn't?

 

Stick with silver. Lower investment and a higher percentage of return if it goes up.