Cheapest way to buy gold near spot?

Discussion in 'Gold' started by bond007, Jul 19, 2011.

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  1. bond007

    bond007 New Member

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    Hey guys,
    what's the cheapest way to buy physical gold near spot, at quantities less than 1oz per unit?

    Cheers :)
     
    bond007, Jul 19, 2011
    #1
  2. fishball

    fishball New Member Silver Stacker

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    sovs, $200 gold coins or gold ingots
     
    fishball, Jul 19, 2011
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  3. bond007

    bond007 New Member

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    Cheers, now I just have to find them :lol:
     
    bond007, Jul 19, 2011
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  4. jpanggy

    jpanggy Active Member

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    hunt austrians, below spot
     
    jpanggy, Jul 19, 2011
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  5. Dwayne

    Dwayne New Member

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    True. Bought a number last week below spot price.
     
    Dwayne, Jul 19, 2011
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  6. fishball

    fishball New Member Silver Stacker

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    Sell me your phils at spot ;)
     
    fishball, Jul 19, 2011
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  7. Guest

    Guest Guest

    What you got against Austrians bro?
    Is this an Arnold Swhartzeneggergerger thing?
     
    Guest, Jul 19, 2011
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  8. Trichter

    Trichter Member

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    What's a good sov price? $360? $350? Think I can get some around there. Should I jump in? (presently own not one of them)
     
    Trichter, Jul 19, 2011
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  9. fishball

    fishball New Member Silver Stacker

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    Use the calculator on the forums it'll give you the value at spot.

    Take that value and within +3% it'd be a bargain. Current spot price for sov is... $356.63.

    I'd say 360 or below definitely good buy.
     
    fishball, Jul 19, 2011
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  10. Dwayne

    Dwayne New Member

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    that's about spot price, so yeah - pretty reasonable I think.
     
    Dwayne, Jul 19, 2011
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  11. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

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    Just bought 2 ounces of gold on SPOTMEX for actual spot. :p
     
    Captain Kookaburra, Jul 19, 2011
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  12. jpanggy

    jpanggy Active Member

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    Nothing, but they are a good source of philharmonics.

    on average 5 austrians per coin.

    Good yield, and it helps the global population problem.

    Sure spot + 50%, hardwork and blood cleaning premium
     
    jpanggy, Jul 19, 2011
    #12
  13. Guest

    Guest Guest

    jpanggy~i'm Austrian.You and i are going to share a few words at the coming meet up Bro in Melbourne.
    Lets hope you don't blow away with the breeze,i'm going to beat you up with a raw schnitzel then club you with a pretzel
    :mad: :mad: :mad:

    RAGING REDBACK
     
    Guest, Jul 19, 2011
    #13
  14. jpanggy

    jpanggy Active Member

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    Oh Shiet. I'll be back .... hold on you might be carrying more philharmonic than anyone I know :D
     
    jpanggy, Jul 19, 2011
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  15. JulieW

    JulieW Well-Known Member Silver Stacker

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    It seems 200's and sovs retail for about 6-8% over spot, with buyback offerred at spot by most dealers if that matters currently. On past history your premium will be covered in about 12 months-ish of holding.

    Check out coin shops and online coin shops and you can find from -1 to +3 percent if they're a bit slow on following spot.

    Personally I find price you pay is somewhat related to the value you place on fiat at the time so to speak. When Fukishima went up 9% seemed quite reasonable, whereas last week 3% gave second thoughts. This week....... 3.2% is ok. lol
     
    JulieW, Jul 19, 2011
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  16. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    Buy it now a little over spot and by next week it will be below spot anyway. (that's if it keeps going up of course)
     
    Jislizard, Jul 19, 2011
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  17. Lucky

    Lucky Well-Known Member Silver Stacker

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    Gotta love SPOTMEX
     
    Lucky, Jul 19, 2011
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  18. Sargeant Argent

    Sargeant Argent New Member

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    You can buy old or broken jewellery at or below spot, though I prefer coins.
     
    Sargeant Argent, Jul 19, 2011
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  19. peterrogers

    peterrogers New Member

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    Try ebay on scrap gold jewellery? Or coins on ebay
     
    peterrogers, Jul 20, 2011
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  20. nasa

    nasa New Member

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    You want gold for spot.
    Mate if I drive way out to the Palmer river central Queensland
    a four to six hour 4 wheel drive from the highway (depending on conditions)
    I can get gold off the miners (which assays at about 97.5% to 98%) for spot. (but never below it)
    I have searched eBay and other auction sites for gold at spot for many years and you will never get it.
    You will always ... always ..be outbid.
    You would have more chance of success with the following link.
    and I don`t like your chances there either......lol

    http://mymoneymachine.com.au/goodoldjoe.php
     
    nasa, Jul 25, 2011
    #20
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