@PerryHall said:
It's interesting to note that Asian gold investors prefer 999.9 fine gold rather than gold that has been contaminated with base metals such as copper.
I also read somewhere that Asian countries prefer 1kg gold bars unlike other countries which prefer the 400 oz Good Delivery Bars.
A Kilogram gold bar is 32.15 Troy ounces which is considerably smaller than a 400 Troy ounce bar. I imagine most gold buyers would want the smaller gold coins considering how expensive these bars are. Even the Kilo gold bar is over $60,000.
I know but I’m talking about governments.
The Chinese government for example prefers 1kg bars in its gold reserves unlike the US which has 400oz gold bars in reserve at places like Fort Knox.
Apparently they prefer smaller ones because it’s easier to check the authenticity.
Like they always say brother, "go big or go home".
@Downtown1974 said:
Man Bronco...you're on a tear lately. Jewelry is stupid, ASEs are stupid...you’re firing on all cylinders.
just keepin it real bro
Yea you are.
I remember one time I was buying scrap and I bought a charm bracelet . 18k gold , it was a charm bracelet , one where you visited a place and you bought a charm apparently to show you had been there.
Rich people huh? This bracelet was over 3 troy ounces , it had a stupid little Effiel tower dangling from it, Big Ben was on it , friggin taj mahal charm , golden gate bridge charm . What a stupid idea this was right , you walk around with all these lumpy doodads hanging off your wrist . Gold was only like 275 an ounce at the time. I think I paid about 800 for it .
I had it for a while then I scrapped it and I asked the guy who bought it , what he meant to do with it and he was like I am going to melt this piece of trash , so I hit it with a hammer a few times in case he was tempted to change his mind at a later date.
If I hadn't a mushed it up , he might have sold it on , it might still be around . Some brain dead buffy with sweater sleeves tied around her neck might be playing tennis with it on even now.
I don't like to think of myself as a hero but ok maybe a little. I saved the world just a little that day , with my hammer
@derryb said:
There is no need to extract pure gold from a product that is not 24K. Anyone needing 24K gold can buy 24K gold.
Gold is naturally soft. Alloys are added to the AGEs to make them more resistant to damage. Less than 24K does not affect the value of a one ounce coin when there is one full ounce of pure gold in the coin such as is the case of the AGE. This is why and AGE and 24K gold buffalo will sell for close to the same price.
Comments
Looks like thoughts on the AGE have taken a turn for the worse in here
ISO 1978 Topps Baseball in NM-MT High Grade Raw 3, 100, 103, 302, 347, 376, 416, 466, 481, 487, 509, 534, 540, 554, 579, 580, 622, 642, 673, 724__________________________________________________________________________________________________________________________________ISO 1978 O-Pee-Chee in NM-MT High Grade Raw12, 21, 29, 38, 49, 65, 69, 73, 74, 81, 95, 100, 104, 110, 115, 122, 132, 133, 135, 140, 142, 151, 153, 155, 160, 161, 167, 168, 172, 179, 181, 196, 200, 204, 210, 224, 231, 240
No need to melt, it's only the most liquid gold coin in allo> @Gam3rBlake said:
Like they always say brother, "go big or go home".
P.S. Welcome back.
The whole worlds off its rocker, buy Gold™.
I done did that there
I prefer the AGE any day. I've seen mishandled Maple leaf gold coins and it isn't pretty!
My YouTube Channel
I've seen a mishandled AGE and it was brutal.
There's A level coins in a grade and C level coins that are just terrible yet properly graded.
this was a MS60-Z level -- but with full luster!
Well said.