The problem with the 1/10 size ones is that they totally bang you on the premium.
For instance, a 1oz Eagle is $2031.00 and a 1/10 oz Eagle is $286.00, that's $2860.00 per oz, comparitively.
I just use silver for the 'little denominations' and don't waste too much on the smaller pieces of Au for this reason. That $600-ish price difference (loss of value/premium) can buy a lot of silver!
Remember....You're not stacking to barter with if the STHF. You're holding it for when the REAL prices come up to par with what they should be, vs the artificial prices being held down right now. Don't forget that!
“Remember....You're not stacking to barter with if the STHF. You're holding it for when the REAL prices come up to par with what they should be, vs the artificial prices being held down right now. Don't forget that!”
Yeah if we end up in Mad Max world where you need to barter ammo and food will be worth more than gold and you'll be more worried about raiders coming to get you when you eventually fall asleep.
The highest price gold has ever been in history is $2,067/oz. Very close to today's price. If I buy gold now, I'm buying at the highest possible price.
How much higher should it be expected to go in our lifetime? Is "Buy highest, sell even higher" a valid methodology?
The idea is that at that price, it’s still suppressed, I don’t know, though. I’m more into buying silver myself. It’s useful in necessary industrial uses and is pretty cheap right now in my eyes. I’m banking on one of the 6 different things that I own to go out of sight price wise. 🤞🏻
When gold goes to 100k an ounce. Might be harder to sell to a coin shop vs a 1/10.
Trading meaning selling your coins back when they go up big time. I think silver is undervalued and its also has a lot of industrial uses. Copper and Uranium as well.
FYI - Now is a good time to get a PM testing kit, where you can do specific gravity and chem tests for either buying or selling.
If an Eagle hits $100k, I'd imagine many would just cut, shave or melt them as needed to break them down. The test kits pretty much circumvent the need for overpaying for fractional ounces....but it sure is convenient.
The problem with the 1/10 size ones is that they totally bang you on the premium.
For instance, a 1oz Eagle is $2031.00 and a 1/10 oz Eagle is $286.00, that's $2860.00 per oz, comparitively.
I just use silver for the 'little denominations' and don't waste too much on the smaller pieces of Au for this reason. That $600-ish price difference (loss of value/premium) can buy a lot of silver!
Remember....You're not stacking to barter with if the STHF. You're holding it for when the REAL prices come up to par with what they should be, vs the artificial prices being held down right now. Don't forget that!
“Remember....You're not stacking to barter with if the STHF. You're holding it for when the REAL prices come up to par with what they should be, vs the artificial prices being held down right now. Don't forget that!”
Good point
Yeah if we end up in Mad Max world where you need to barter ammo and food will be worth more than gold and you'll be more worried about raiders coming to get you when you eventually fall asleep.
Or gas to wander the barren wastelands.
The highest price gold has ever been in history is $2,067/oz. Very close to today's price. If I buy gold now, I'm buying at the highest possible price.
How much higher should it be expected to go in our lifetime? Is "Buy highest, sell even higher" a valid methodology?
The idea is that at that price, it’s still suppressed, I don’t know, though. I’m more into buying silver myself. It’s useful in necessary industrial uses and is pretty cheap right now in my eyes. I’m banking on one of the 6 different things that I own to go out of sight price wise. 🤞🏻
Yep. Gold won't move as much as silver.
Sorry you misunderstood.
When gold goes to 100k an ounce. Might be harder to sell to a coin shop vs a 1/10.
Trading meaning selling your coins back when they go up big time. I think silver is undervalued and its also has a lot of industrial uses. Copper and Uranium as well.
Ah okay - yeah Roger that.
FYI - Now is a good time to get a PM testing kit, where you can do specific gravity and chem tests for either buying or selling.
If an Eagle hits $100k, I'd imagine many would just cut, shave or melt them as needed to break them down. The test kits pretty much circumvent the need for overpaying for fractional ounces....but it sure is convenient.