Its going to rain gold and silver.

Discussion in 'General Precious Metals Discussion' started by Miss Silver, Aug 29, 2011.

  1. Miss Silver

    Miss Silver New Member

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    It's not long now till the day of the dragon, my husband and I will be buying our limit of dragons and our first 10oz gold bar.

    I know I'm getting excited and cannot wait.
     
  2. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    Where are you going to hunt for your dragons?
     
  3. Dusty

    Dusty Active Member Silver Stacker

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    She will be at the Perth mint.
     
  4. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    What would a one counce dragon go for do u reckon?
    spot + ?
     
  5. Wout

    Wout New Member

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    whats the reasoning for buying a 10 oz gold bar instead of smaller bars?
     
  6. Dusty

    Dusty Active Member Silver Stacker

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    Investment
     
  7. goldpanner

    goldpanner New Member

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    Miss Silver

    I would have gone for smaller cast gold bars than a 10 oz or gone for the 1 0z dragons but I suppose if your plan is to hold and sell back to the Perth Mint direct then that is OK.
    I think a 10 oz would be more difficult to sell privately though.

    Anyway, good luck at the Mint - I will be trying online and if the gold price is down I will be getting a couple of one ounce gold dragons, just have to see what the price is going to be. Looking lower today which is good.
     
  8. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    ok, so nobody has the foggiest idea as to what a 1 ounce dragon would cost?

    is that code for

    price = spot + f..big margin ??

    lol - if thats the case, they can stick em
     
  9. Anthony

    Anthony New Member

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    Around $50 +/- $3 on today's prices is expected.
     
  10. Wout

    Wout New Member

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    Personally I wouldnt buy a 10 oz bar, because if gold does goto $3000 and you want/need to sell it for whatever reason, not many people will have 30 grand at hand to buy it, unless you sell it back to the mint but then you will pay capital gains tax and there will be a paper trail to prove it

    For instance if you had 10 x 1 oz bars you could sell one if you were in a pinch financially etc

    Im sure you would have thought of this before such a big purchase but in case you didnt its something to take into account for liquidity purposes
     
  11. BootyBandit

    BootyBandit New Member

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    you KNOWWWWWW
     
  12. heartastack

    heartastack Well-Known Member Silver Stacker

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    B!stard price is spiking a day before, that'd be right....
     

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