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worth buying gold 1/10 at a time??
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<p>[QUOTE="imrich, post: 1326961, member: 22331"]<b>Smart Buying</b></p><p><br /></p><p><br /></p><p><br /></p><p><b>Although many will tell you that the economics justify purchasing Gold Eagles in 1 ounce increments, if you do an advanced search of closed auctions on eBay, you will verify that a smart investor could have purchased both the 1/10oz. and the 1 oz. Gold Eagles at virtually the same percentage premium.</b></p><p><b><br /></b></p><p><b>I have consistently purchased 1/10 oz. AGE at comparable percentage premiums, and can purchase large quantities of these coins consistently at approximately a 1% net difference.</b></p><p><b><br /></b></p><p><b>Having consistently sold both denominations of the American Gold Eagle, I can show that it is much easier on the open market to liquidate 1/10 oz. than the 1 oz. AGE.</b></p><p><b><br /></b></p><p><b>I personally recommend purchasing certified 1/10 oz. AGE coins if the premium is relatively insignificant (e.g. less additional cost than bulk certification), and have consistently purchased the more desirable proof coins (which have relatively greater future potential) at a favorable premium. </b></p><p><b><br /></b></p><p><b>As previously recommended in this thread, I agree that if you save to purchase the 1/4 oz. AGE, you can better optimize the advantages of both the 1/10 oz. and the 1 oz. AGE.</b></p><p><b><br /></b></p><p><b>My experience has been that if you are consistently investing a small amount of funds in PM as an investment, you probably are more </b><b>versatile</b><b> purchasing VG+ grade "Junk Silver" at a small premium.</b></p><p><b></b>[/QUOTE]</p><p><br /></p>
[QUOTE="imrich, post: 1326961, member: 22331"][b]Smart Buying[/b] [B]Although many will tell you that the economics justify purchasing Gold Eagles in 1 ounce increments, if you do an advanced search of closed auctions on eBay, you will verify that a smart investor could have purchased both the 1/10oz. and the 1 oz. Gold Eagles at virtually the same percentage premium. I have consistently purchased 1/10 oz. AGE at comparable percentage premiums, and can purchase large quantities of these coins consistently at approximately a 1% net difference. Having consistently sold both denominations of the American Gold Eagle, I can show that it is much easier on the open market to liquidate 1/10 oz. than the 1 oz. AGE. I personally recommend purchasing certified 1/10 oz. AGE coins if the premium is relatively insignificant (e.g. less additional cost than bulk certification), and have consistently purchased the more desirable proof coins (which have relatively greater future potential) at a favorable premium. As previously recommended in this thread, I agree that if you save to purchase the 1/4 oz. AGE, you can better optimize the advantages of both the 1/10 oz. and the 1 oz. AGE. My experience has been that if you are consistently investing a small amount of funds in PM as an investment, you probably are more [/B][B]versatile[/B][B] purchasing VG+ grade "Junk Silver" at a small premium. [/B][/QUOTE]
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worth buying gold 1/10 at a time??
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