thinking about getting gold

Discussion in 'Gold' started by schmidtyss, Feb 22, 2011.

  1. schmidtyss

    schmidtyss New Member

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    any place to expand my range of products is a good one thanks agent
     
  2. schmidtyss

    schmidtyss New Member

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    also how can i tell how much the price of my lil bar goes up with the market?
     
  3. DSK

    DSK Active Member Silver Stacker

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    GP....you showed such an interest in my 10 x 1oz englehard bars and your knowledge of them interested me.....and was impressed when you said you have not seen that one before.....will trade you for it....am not a collector....silver is silver to me...bought them for 27 bucks a year or so ago...that being said......dont want to swap for a maple//

    btw.....i have a 5kg serial number englehard bar i would also trade and/or sell.....And no i didnt find it in the street///ha:)

     
  4. argent_pur

    argent_pur New Member

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    Well, I don't know how liquid 1gm bars are to dealers, maybe someone else from the US has sold them back before. But, to just calculate what the gram is worth to a refiner, the math works like this:

    (1/31.1) x Current gold spot price = Value of 1 gm gold bar

    Of course, you wouldn't want to sell to a refiner if you didn't have to because you'll get a % under spot, it will vary from refiner to refiner. You can also just look at what dealers are charging for them to see the movements up and down with the market. It would be interesting to see how gram bars move in relation to 1 oz. gold bullion coins when the spot price goes up or down.
     
  5. schmidtyss

    schmidtyss New Member

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    im guessing it moves the same as and oz but just in smaller incraments
     
  6. Sickboy1031

    Sickboy1031 New Member

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    My android app has gram and ounce price on it for gold
     
  7. bungo

    bungo Member

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    You also can't go wrong with buying sovereigns. 8 grams of gold, internationally recognised, and much much easier to justify than purchasing a whole ounce at a time. The only downside is that you have to pay GST if you guy from a dealer.
     
  8. Photonaware

    Photonaware Active Member

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    One of the cheapest sources of gold is the Krugerrand.
    It should be possible to buy a full Krug at daily spot plus 3% and sell it for spot.
    That's a buy/sell differential of only 3%

    Most other coins bought from bullion dealers will likely have premiums over spot of 5 - 8% and offer 98% of spot if selling back.
    That makes the buy/sell differential 8-10% ( or more in many instances ).
    Sexy good looking coins will cost even more to buy but not much more if selling so the bid/offer spread gets nearer 50%
    Smaller denominations like one tenth size are just not worth the extra cost, same with bars.
    Unlikely to get bars cheaper than 3% unless entering the kilo size but that's for the rich dudes.

    Unless you have the cash to buy 50g bars or 1 Toz coins maybe best to buy silver or save until you can buy 50g hoping the price doesn't increase in the meantime.
     
  9. edenz

    edenz New Member

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    I'm a newbie and interested in acquiring some gold kangaroos.
    Are there any dealers here selling to silver stackers in NZ ?
    Would appreciate any advice and recommendations from everyone, especially members from NZ who have purchased from dealers here.
     
  10. PrettyPrettyShinyShiny

    PrettyPrettyShinyShiny Well-Known Member

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    Love your signature. :D
     

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