Which would you have chosen? 5oz or 5 x 1oz cast bars.

stacknowlaughlater

stacknowlaughlater

Active Member
Yesterday right before the big spike up i went to my bullion dealer with the intention to buy 5 x 1oz ABC cast gold bars. At that moment 5x 1oz ABC bars was $8073. He offered to sell me a 5oz ABC cast gold bar for $8000 flat ($39 less than what he had it up for) and i took the deal.

Would you have taken the deal knowing that it would be much easier to sell 5x1oz bars than a 5oz bar?
 
I'd go for 1oz every time but I've sold and swapped 5oz Au pretty quick before. Really all depends on price and you got a pretty good one so would say it was a good call
 
You got a good deal, and you have to be cheering today!

While the 5oz will be harder to shift, it's a nice bulk amount you can put away and sit on. The best way to go would be to now buy some various smaller pieces to you have a range of sizes.

Personally, I would never have all one size in my holdings. I love Silver Kilobars but I have a range of other sizes too - from loose 1oz rounds through rolls/tubes of them, and then 10oz bars, and Kilobars.

If I was in your position, I'd be looking at least a couple of 1/2oz blobs, then get a couple of 1oz bars. I'd also consider a 2oz piece. Give yourself options. Accumulate is the name of the game.
 
good deal but you'll only ever fetch spot for it here or at a dealer, even 1oz are hard to shift here at premium. Cant beat 1/10oz IMO very liquid and can hold a decent premium
 
You can't go wrong either way, don't worry. If I were you I would have immediately invested the $ difference in a bottle of scotch.
 
I suppose it depends on what the rest of one's stack looks like..

If already some 1-oz bars, then the 5-oz bar, it is.


I'd also only buy the 5-oz'er with the intention of holding onto it for a long time.

That's just me, though.


Congrats on what sounds like a cool bar! :cool:
 
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