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I still say......
The cheapest way to acquire gold bullion is via moder gold comms' which can be bought for under melt. Sometimes, they are giving them away.
I am putting them away for the day when gold is well north of $1000. And that day is coming!
Here is but one example!
Text
Gotta look hard and get lucky. But they are there.
I am putting them away for the day when gold is well north of $1000. And that day is coming!
Here is but one example!
Text
Gotta look hard and get lucky. But they are there.
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US and British coin collector, and creator of The Ultimate Chuck E. Cheese's and Showbiz Pizza Place Token & Ticket Guide
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Gotta look hard and get lucky. But they are there.
<< <i>Show me one being sold for under melt. >>
Yeah, I'd like in on some of that action myself.
Russ, NCNE
US and British coin collector, and creator of The Ultimate Chuck E. Cheese's and Showbiz Pizza Place Token & Ticket Guide
<< <i>Here's One!!!!!
<< <i>Text
Gotta look hard and get lucky. But they are there. >>
Is that under melt? Isn't that gold coin a tenth ounce? (or is it a quarter ounce?)
US and British coin collector, and creator of The Ultimate Chuck E. Cheese's and Showbiz Pizza Place Token & Ticket Guide
<< <i>They are quarter ounce coins. >>
my bad...my brain isn't working!
US and British coin collector, and creator of The Ultimate Chuck E. Cheese's and Showbiz Pizza Place Token & Ticket Guide
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I am not going to debate whether this is a good strategy or not. My goal is to acquire as much gold, in terms of ounces, for the cheapest price. And I think this is the cheapest way I have seen!
Of course gold had yet to really move, but many of the 80s and early 90s commem sets with gold half eagle were available for about $90 to $95.
That's how I purchased most of my earlier moderm commem sets.
$169.30 x 4 = $677.20
<< <i>I still laugh at the sets I bough about 3 years ago for under 100 bucks.
Of course gold had yet to really move, but many of the 80s and early 90s commem sets with gold half eagle were available for about $90 to $95.
That's how I purchased most of my earlier moderm commem sets. >>
And let me guess, people made fun of you back then?
<< <i>The winner of that coin had to pay $169.30 to have it shipped to them insured. That would make it over melt even if spot price were at $670.
$169.30 x 4 = $677.20 >>
You forgot the silver coin.
US and British coin collector, and creator of The Ultimate Chuck E. Cheese's and Showbiz Pizza Place Token & Ticket Guide
<< <i>The winner of that coin had to pay $169.30 to have it shipped to them insured. That would make it over melt even if spot price were at $670.
$169.30 x 4 = $677.20 >>
BUZZZZZZZZZZZZZZZ!!!! But thanks for playing.
$160 x 4 = $640
(no insurance)
$640 + 7 = $647
(you would not be paying shipping four times)
<< <i>
<< <i>The winner of that coin had to pay $169.30 to have it shipped to them insured. That would make it over melt even if spot price were at $670.
$169.30 x 4 = $677.20 >>
BUZZZZZZZZZZZZZZZ!!!! But thanks for playing.
$160 x 4 = $640
(no insurance)
$640 + 7 = $647
(you would not be paying shipping four times) >>
Shipping gold without insurance? Mm Hm, good luck with that bud.
No matter what way you slice it, precious metals are NOT now, NEVER have been, and NEVER will be a good investment.
(you would not be paying shipping four times) >>
Shipping gold without insurance? Mm Hm, good luck with that bud. >>
For that small amount, it's not worth the bother. I have NEVER had a problem.
<< <i>(you would not be paying shipping four times) >>
Shipping gold without insurance? Mm Hm, good luck with that bud. >>
For that small amount, it's not worth the bother. I have NEVER had a problem. >>
Yet.
<< <i>So when do you think gold will be over $1000/oz? Because if you take your $651.60 and invest it at 8%, it will be worth $1000 in 5 years.
No matter what way you slice it, precious metals are NOT now, NEVER have been, and NEVER will be a good investment. >>
A lot sooner than five years. Probably, half that time.
<< <i>
<< <i>(you would not be paying shipping four times) >>
Shipping gold without insurance? Mm Hm, good luck with that bud. >>
For that small amount, it's not worth the bother. I have NEVER had a problem. >>
Yet. >>
For larger purposes, I use inurance. And you are probably right, I should use it on the smaller ones also.
<< <i>
<< <i>So when do you think gold will be over $1000/oz? Because if you take your $651.60 and invest it at 8%, it will be worth $1000 in 5 years.
No matter what way you slice it, precious metals are NOT now, NEVER have been, and NEVER will be a good investment. >>
A lot sooner than five years. Probably, half that time. >>
I'll also assume that you don't realize that gold CAN'T get to $1000 oz. The price of gold is market driven to a point, then it is artifical to keep the world's economies afloat. To put it another way, you better hope gold never gets to $1000 oz.
<< <i>
I'll also assume that you don't realize that gold CAN'T get to $1000 oz. The price of gold is market driven to a point, then it is artifical to keep the world's economies afloat. To put it another way, you better hope gold never gets to $1000 oz. >>
I am quite versed on how the gold market trades. One of the reasons it didn't make it past $700 about a month ago is because of the European Central Bank selling. However, this time, because the world is awased in dollars, and the dollar is doomed to fail, gold will shine. Gold is slowly, leaving it's status as a commodity and entering it's status as a currency. (What the ECB's are selling, the Asians, and Middle East is buying).
<< <i>Gold is slowly, leaving it's status as a commodity and entering it's status as a currency. >>
If and when that actually happens you'll be busy trying to stay alive and feed yourself and your family instead of wringing your hands on the amount of profit your gold has made.
If you were willing to pay a 5% premium, then you probably spend whatever you wished to.
I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
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