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To: GlockThe Vote

I am not that fond of the smaller denom gold coins. You’ll find that the coining charge “about” the same regardless of coin size. It’s less for 1/10 oz gold coins because a $60-70 charge on top of a ~~$166 bullion spot price would be ridiculous. I’d stay away from the 1/10 oz. IMO the half ounce Eagles in gold are the best choice and there’s nothing wrong with full eagles at all.

Example from CNI (golddealer.com) just one dealer among many

US Gold Eagle Bullion 1 oz. $1692.00 $1742.00
US Gold Buffalo Bullion 1 oz. $1692.00 $1752.00
US Gold Eagle Bullion 1/2 oz. $837.00 $ 872.00
US Gold Eagle Bullion 1/4 oz. $420.00 $ 450.00
US Gold Eagle Bullion 1/10 oz. $171.00 $ 186.00

Here, you can see that you are not being punished for buying an ounce of gold in two halves. But in four quarters, $60. “lost” and ten tenths, $120.

Merit Financial may be able to beat your Provident prices by a few nickels. Free shipping, first order.

I have loads of silver, a little gold, I sold 1/3rd my gold at $1760 [net to me] a while ago, not unhappy about it. It’s nearly back there.

Hard to say about silver. Unless it really goes ballistic, which some believe will happen (I do not) you have to own quite a bit of it to make much of a life-difference. And buying it now, at $33 for Eagles (say) for a run to $36 is probably a better bet in the stock market. I have been buying silver for a decade and probably own most of mine at $13-$15, so I can make some buying errors. I don’t know what to say about going all-in now, today. I’m bullish on the PMs, but not religious about them.


18 posted on 08/27/2012 9:33:18 PM PDT by Attention Surplus Disorder (This stuff we're going through now, this is nothing compared to the middle ages.)
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To: Attention Surplus Disorder

Ping


33 posted on 08/28/2012 4:50:24 AM PDT by STJPII
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