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Question about Gold Bars

30AnvZ2830AnvZ28 Posts: 1,619
in Precious Metals
Based on a spot price of $1206, what would you expect to pay for a 10oz gold bar? I am looking to purchase one, but the prices are all over depending on the company. I would prefer JM or Pamp. What would you be willing to pay based on that spot price?

Comments

  • bstat1020bstat1020 Posts: 2,151 ✭✭
    25 bucks over spot.

    Edited to add:
    Sorry I thought it was a 1 oz bar
    For a 10 oz bar $100 over spot.
    Madelyn's Birth Year Registry Set, Sophia's Birth Year Registry Set, My 10 Best Coins
  • 30AnvZ2830AnvZ28 Posts: 1,619
    Edited:

    Ok, that sounds a little more reasonable... but I still cant find one for less then basicially $12,400.
  • JustacommemanJustacommeman Posts: 22,849 ✭✭✭✭✭
    It's going to be tough to beat $12,360 delivered to your door @ $1206 spot for a PAMP bar. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • 30AnvZ2830AnvZ28 Posts: 1,619
    Yeah, I found them at $12390 with free shipping.
  • CiccioCiccio Posts: 1,405 ✭


    << <i>Yeah, I found them at $12390 with free shipping. >>



    Gainesville's price is $12,239.10 by Bank wire. (+$40 shipping)
  • 30AnvZ2830AnvZ28 Posts: 1,619
    So what would be easier to move if I have to sell, 1 10oz, or 10 1oz? Im thinking the 10 1oz?

  • CiccioCiccio Posts: 1,405 ✭


    << <i>So what would be easier to move if I have to sell, 1 10oz, or 10 1oz? Im thinking the 10 1oz? >>



    Definitely 10 1oz. Someone would say 40 1/4oz! image
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    10 - 1 oz AGE's, Maple leafs, or Buffalos would be by far your easiest to sell.
    Avid collector of GSA's.
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭


    << <i>10 - 1 oz AGE's, Maple leafs, or Buffalos would be by far your easiest to sell. >>



    Apmex has generic 1 oz eagles @ spot + $60-something an ounce. But pamp 1 oz bars in cards are only $36. And 10 oz bars are only $23/oz over spot.

    I agree that eagles (and buffs, maybe maples) would be easier to sell. And you may make some of that $$ back when you sell. But in terms of lowest premiums and easy to sell, 1 oz bars would be a contender.

    That said, I wouldn't go with either 1 oz or 10 oz bars unless you really need to move large blocks of money. You can always sell four 1/4 oz eagles or $5 gold pieces. But you can't sell 1/4 of a 1-oz bar, or 1/40th of a 10 oz bar.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>25 bucks over spot.

    Edited to add:
    Sorry I thought it was a 1 oz bar
    For a 10 oz bar $100 over spot. >>




    This is PRECISELY why you guys need to use the terms "spot" and "melt" correctly. When bstat says "for a 10 oz bar $100 over spot" he is implying that the bar will cost $100/oz over gold, or a total premium of $1,000 on that 10oz bar. What im sure he meant was $100 over MELT, which would make the total premium on the 10oz bar just $100.
  • CaptHenwayCaptHenway Posts: 32,273 ✭✭✭✭✭


    << <i>

    << <i>25 bucks over spot.

    Edited to add:
    Sorry I thought it was a 1 oz bar
    For a 10 oz bar $100 over spot. >>




    This is PRECISELY why you guys need to use the terms "spot" and "melt" correctly. When bstat says "for a 10 oz bar $100 over spot" he is implying that the bar will cost $100/oz over gold, or a total premium of $1,000 on that 10oz bar. What im sure he meant was $100 over MELT, which would make the total premium on the 10oz bar just $100. >>



    You can't tell what he meant. There was no communication in that message.
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • bstat1020bstat1020 Posts: 2,151 ✭✭


    << <i>

    << <i>

    << <i>25 bucks over spot.

    Edited to add:
    Sorry I thought it was a 1 oz bar
    For a 10 oz bar $100 over spot. >>




    This is PRECISELY why you guys need to use the terms "spot" and "melt" correctly. When bstat says "for a 10 oz bar $100 over spot" he is implying that the bar will cost $100/oz over gold, or a total premium of $1,000 on that 10oz bar. What im sure he meant was $100 over MELT, which would make the total premium on the 10oz bar just $100. >>



    You can't tell what he meant. There was no communication in that message.
    TD >>



    gecko, you are exactly correct. $100 over melt is what I meant with a premium on the total 10 0z just $100 total. Thank you for reminding me of "melt" vs. "spot" !!! image
    Madelyn's Birth Year Registry Set, Sophia's Birth Year Registry Set, My 10 Best Coins
  • BBQnBLUESBBQnBLUES Posts: 1,803 ✭
    As much as I would _Love to own a big? 10 oz Gold bar.....

    I'd rather NOT have to submit paperwork to "The Man" upon selling..

    Would go with 1 oz'ers & sell only a few when needed (keeping it under the 10K $ mark)
  • johnny9434johnny9434 Posts: 28,483 ✭✭✭✭✭


    << <i>As much as I would _Love to own a big? 10 oz Gold bar.....

    I'd rather NOT have to submit paperwork to "The Man" upon selling..

    Would go with 1 oz'ers & sell only a few when needed (keeping it under the 10K $ mark) >>



    the less the man knows the better. i like this idea better then a ten oz. bar image jmo
    ive seen 5 oz bars as well in ohio. shop around
  • CaptHenwayCaptHenway Posts: 32,273 ✭✭✭✭✭
    At this time. if you sell me a 10-oz. gold bar and I write you a check, there is no reporting by me of anything to anybody.

    Everybody is paranoid of the number $10,000. That is a threshhold that kicks in a certain cash reporting requirement.

    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • akuracy503akuracy503 Posts: 1,923 ✭✭✭
    Can anyone elaborate on tax laws associated with the sale of items over $10k and or PM's, I am particularly concerned about the new law that I have heard for 2012 which requires all PM transactions over $600 be reported via Tax forms to the IRS.

    Can anyone elaborate?




    << <i>At this time. if you sell me a 10-oz. gold bar and I write you a check, there is no reporting by me of anything to anybody.

    Everybody is paranoid of the number $10,000. That is a threshhold that kicks in a certain cash reporting requirement.

    TD >>

    CU Ancient Members badge member.

    Collection: https://flickr.com/photos/185200668@N06/albums

  • akuracy503akuracy503 Posts: 1,923 ✭✭✭
    Will premiums be affected on larger buillion that may fall under this scrutiny?

    Could the collecting community keep trading under our BST boards and avoid the tax laws? Any thoughts?

    CU Ancient Members badge member.

    Collection: https://flickr.com/photos/185200668@N06/albums

  • CiccioCiccio Posts: 1,405 ✭


    << <i>Will premiums be affected on larger buillion that may fall under this scrutiny?

    Could the collecting community keep trading under our BST boards and avoid the tax laws? Any thoughts? >>



    Seach "1099", there are lots of threads about it.
  • PerryHallPerryHall Posts: 46,279 ✭✭✭✭✭
    I'd rather have 10 AGE's than 10 gold bars.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • gecko109gecko109 Posts: 8,231 ✭


    << <i>I'd rather have 10 AGE's than 10 gold bars. >>




    I'd rather have 40 AGE 1/4's than 10 AGE's or a 10 oz bar.
  • PerryHallPerryHall Posts: 46,279 ✭✭✭✭✭
    If I came into some money, I wouldn't mind owning one or two nice old pour 10 oz gold bars. I think they would be neat to have and would make great paperweights.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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