next gold purchase?

N

Nejmeh

New Member
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.
 
Nejmeh said:
why panda's above anything else? i know its biased, but its biased for a reason.
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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 :P

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)
 
Nejmeh said:
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.
Click to expand...

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.
 
THUCYDIDES79 said:
Buy the cheapest ( lowest premium to spot ) Sovereigns, Half Sovereigns and or $200 coins.
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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.
 
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