Minted or Cast Gold Bars ?

Discussion in 'Gold' started by mcp200, Jan 6, 2012.

  1. mcp200

    mcp200 New Member

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    Hi Guys

    I wanna buy 10oz gold should i get cast bars or Minted please? I know Minted has higher premium . Any recommendation ?

    Thanks
     
    mcp200, Jan 6, 2012
    #1
  2. Teh silvers

    Teh silvers Member

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    I recommend 10 x 1 oz coins

    Easier to move in the future.
     
    Teh silvers, Jan 6, 2012
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  3. boston

    boston Well-Known Member Silver Stacker

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    Coins definitely, followed closely by minted bars in 1 oz sizes.
     
    boston, Jan 6, 2012
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  4. mcp200

    mcp200 New Member

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    Thanks heaps for the advice ,

    BTW , do you know how long does Perth mint take to ship items out?
     
    mcp200, Jan 6, 2012
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  5. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Doesn't matter as far as I'm concerned, cast blobs = buy low premium/sell low premium, minted bars = buy higher premium/sell higher premium. But then sometimes you can get minted bars for the same premium as cast, so you may as well get them. That's for 1 oz and up, if it's less than 1 oz go the coins. Minted bars less than 1 oz are underwhelming and look like sim cards.

    I like blobs. Look like proper gold. :)
     
    mmm....shiney!, Jan 6, 2012
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  6. Nugget

    Nugget Well-Known Member Silver Stacker

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    Why not source them from site sponsors if they are competitive with Perth Mint prices?



    Try contacting Steve http://www.auroraetluna.com/

    You could have those coins in your hot little hands in a day assuming that you both can come to an amicable arrangement
     
    Nugget, Jan 6, 2012
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  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    mcp, I'd buy 5 x 1oz blobs, and do what nugget says and get a mix of fractional gold coins in in 24k (Pandas and roos et al) and 22k etc (sovvies, ducats, francs and so on).
     
    mmm....shiney!, Jan 6, 2012
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  8. duplo

    duplo New Member

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    It's pretty variable, but i'd say about a week on average, for me (sydney). Max has been about 3 weeks. In my experience, gold has always come pretty quickly, but silver has always taken a bit longer.

    I'd go for the coins too, but those 5oz cast bars are *really* nice to hold :D
     
    duplo, Jan 6, 2012
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  9. 2ds

    2ds New Member

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    Depends on what your exit strategy, I like smaller weights so I'd (personally) be buying 1/4 and 1/2 oz coins and 5gm and 10gm certicards. (I find this range to be a decent balance between premiums and cost)

    Maybe even go down as far as 2.5gm certicards but no lower.
     
    2ds, Jan 6, 2012
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  10. Nugget

    Nugget Well-Known Member Silver Stacker

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    Yeah, but if you're doing a big buy of 10 ounces in one hit
     
    Nugget, Jan 6, 2012
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  11. 2ds

    2ds New Member

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    Prices from BB

    10 x 1oz roo = 16760

    20 x 1/2oz roo = 17240

    100 x 1/10oz roo = 18593

    10 x 1oz card = 16400

    32 x 10gm card = 17414

    64 x 5gm card = 17940

    prices from PM

    1 x 10oz bar 16,044.80

    Well the 1oz card looks pretty good BUT I don't think the 1/2oz coins and 10 and 5gm cards are that bad.
     
    2ds, Jan 6, 2012
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  12. banjo

    banjo Member

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    go 50/50 with 1 oz bullion and cards or your choice
     
    banjo, Jan 6, 2012
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  13. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    I will throw up some prices for 1oz Perth Mint minted bars if you are interested
    Current Perth Mint price for a 1 ounce minted bar is $1,642.64 a few minutes ago.
    http://www.perthmint.com.au/metalprices.aspx
    If you are happy with a bar that has been acid tested, I can do it for $1620 pick up in Sydney
    Also have a couple of Perth Mint 1oz gold rounds for the same price.
    Offer only open till midnight.
    Cheers


    [​IMG]

    [​IMG]
     
    Aurora et luna, Jan 6, 2012
    #13

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