I have 1 oz of placer gold, but am considering switching to stacking coins, bars, or rounds. What option of the three do you folks suggest for easy tradability to whatever our new currency ends up being? It seems there is quite a markup for smaller weights, so am looking at 1 oz gold coins, bars, or rounds.
I have a CC coming that gives 4X% points on gold bought from the merchant plus 150 dollars worth of points on first 1,500 spent. That should get me @ about spot for the first coin.
Check out if the credit card charges interest on gold. Gold purchases are considered money withdrawal on my credit card and interest starts accruing immediately. I would call and ask if there are fees when gold is purchased.
Consider silver as an important adjunct to any gold you buy. Gold, for more long-term preservation of wealth, but silver is definitely the way to go for easy tradeability.
In silver, get a certain amount of "junk silver", coins that contain a high percentage of silver when they were minted - pre-1964. Pre-64 dimes, quarters, etc, have around 90% silver content. Will come in very handy if (when) the currency collapses under hyper-inflation, and precious metals soar.
Next, 1oz silver rounds. A whole lot of them, then some higher denominations, like 10oz and 1kg, etc.
The markup you reference is the "premium" and it covers the cost of minting, transport, storage and retail, etc.
Note: Gold is now at an all time high, and rising more each day. Move quickly.
I should mention that a LOT of silver has been snapped up in the last 6 - 12 months. It's becoming scarcer, particularly the junk denominations.
If you are keen on this area I recommend watching some videos on "silver stacking", via youtube. As censored as Ytube is, there is a lot of content that can be used to our advantage.
Buy the one you fancy the most, if the premium isn’t absurd.
If gold skyrockets it wouldn’t really matter what you own, gold is gold.
If gold 10x, you wouldn’t sell your ounce coin to a street vendor, would you?
And any serious LCS would now the value of what you own, so buying because of recognizability is a non issue for me, so I stick with the cheapest; uncirculated 1oz bars from Valcambi Suisse.
I also have a few 2 and 5 grams to use if I only need to change “smaller amounts of “money” wshtf.
Be aware that the premiums on smaller bars/coins can be pretty high, so snoop around a bit to see what’s the best offer, maybe the 1/10th oz Maple Leaf or Krugerrand?
Good luck, and remember that even if gold doesn’t skyrocket during our lifetime, you might have secured your kids or grandkids future.
I have 1 oz of placer gold, but am considering switching to stacking coins, bars, or rounds. What option of the three do you folks suggest for easy tradability to whatever our new currency ends up being? It seems there is quite a markup for smaller weights, so am looking at 1 oz gold coins, bars, or rounds.
I have a CC coming that gives 4X% points on gold bought from the merchant plus 150 dollars worth of points on first 1,500 spent. That should get me @ about spot for the first coin.
Check out if the credit card charges interest on gold. Gold purchases are considered money withdrawal on my credit card and interest starts accruing immediately. I would call and ask if there are fees when gold is purchased.
Yeah, will check that on my non-gold dealer cards. Bullion Card 0 interest 1 year.
What about the American goldback from Money Metals Exchange? Each note has embedded 1/100th of an ounce of gold. Pretty cool honestly.
Will check that out!
Consider silver as an important adjunct to any gold you buy. Gold, for more long-term preservation of wealth, but silver is definitely the way to go for easy tradeability.
In silver, get a certain amount of "junk silver", coins that contain a high percentage of silver when they were minted - pre-1964. Pre-64 dimes, quarters, etc, have around 90% silver content. Will come in very handy if (when) the currency collapses under hyper-inflation, and precious metals soar.
Next, 1oz silver rounds. A whole lot of them, then some higher denominations, like 10oz and 1kg, etc.
The markup you reference is the "premium" and it covers the cost of minting, transport, storage and retail, etc.
Note: Gold is now at an all time high, and rising more each day. Move quickly.
Thanks, good info!
I should mention that a LOT of silver has been snapped up in the last 6 - 12 months. It's becoming scarcer, particularly the junk denominations.
If you are keen on this area I recommend watching some videos on "silver stacking", via youtube. As censored as Ytube is, there is a lot of content that can be used to our advantage.
Buy the one you fancy the most, if the premium isn’t absurd.
If gold skyrockets it wouldn’t really matter what you own, gold is gold.
If gold 10x, you wouldn’t sell your ounce coin to a street vendor, would you?
And any serious LCS would now the value of what you own, so buying because of recognizability is a non issue for me, so I stick with the cheapest; uncirculated 1oz bars from Valcambi Suisse.
I also have a few 2 and 5 grams to use if I only need to change “smaller amounts of “money” wshtf.
Be aware that the premiums on smaller bars/coins can be pretty high, so snoop around a bit to see what’s the best offer, maybe the 1/10th oz Maple Leaf or Krugerrand?
Good luck, and remember that even if gold doesn’t skyrocket during our lifetime, you might have secured your kids or grandkids future.
Good info thanks!