Hi there, looking at buying approximately 2oz worth of gold, with plans to hold it for a couple of years before selling, can anyone recommend a gold purchase? finding it difficult to make up my mind. thanks in advance.
Premiums are higher than your generic roo or lunar or sovereign but I think they have growth potential that's why I stack Gold pandas. The Silver pandas have 200%+ premiums over spot price but some Gold pandas can be had for < 25% over spot premium which is a bargain imo. Bias due to the fact that I'm selling pandas at the moment Also taking a chance that my pandas will be *the next big year* thing, currently 1993 1/4oz Gold pandas sell for over $750 US but 2 months ago they were under $600 US.
thanks Fishball, I've noticed your enthusiasm regarding Panda's and appreciate your response. At this stage the world of Panda's is daunting, ill have to research more.
1 x 1oz .999 coin of your choice. (something to admire) 2 x 1/4 .999 coins OR 1/2 .999 coin OR equiv cost in world gold coins (sovereigns, half sovs, etc) (premiums aren't too bad in this size) remainder (approx 1/2 oz) in 5gram perth mint carded. (low premiums compared to 1/10th coins, easy for you to sell a bit of gold if you want to)
Well one of our site sponsors was trying to sell some ABC loungs, at a very good price. Lovely lumps of gold they are. Low premium, highly recommend. Will find the post and link.
Don't know if he's a sponsor but: http://forums.silverstackers.com/topic-16055-3-x-abc-luong-bars-375-grams.html
Agree thucy if you want to buy fractionals, every one should have fractionals, but you also need pure bullion blobs too. Depends on budget I guess. And pandas close to spot are also a steal.
Hi friends,Please advise where we'll sell our gold coins/bars to get more premiums.Stacking is not difficult,but selling is.Of course I know we'll get up to 5% more than spot here at SS for some coins though.But for rare Sovereigns,Pandas,Lunars and bars....?Hope this help our new members like Nejmeh.Thanks in advance.
For someone in the US, I would recommend the gold eagles. My reason is that there is a decent chance that the price appreciation will be tax free. Outside of the US, it is much more complicated. If someone is going to keep his/her gold until it reaches several thousand USDs an ounce, I would go with the cheapest bullion that is popular in the area you live in. Ease of selling is more important that ease of buying.
