Crazy idea about paypal's "pay later" whaddya think?

BBN

I registered with "pay later" but never use it. It shows that if I make a purchase I will be responsible for no finance charges until July or August. With gold moving up fast would it make sense to max out that $2000 limit and buy gold with today's price or avoid the finance thing and just save cash. I can easily have that paid off in a few months before the interest deadline. Would it be worth using this method? The way I look at it, if I choose to save cash for the purchase, I may be paying $1,500-1,600/oz by July. Buying on credit interest free would lock in today's price. Is this a hairbrained idea?

gecko109

If you planned on buying that oz anyway, I say go for it. But remember, it goes the other way sometimes too. That $1500 you spend today on credit might be only worth $1300 when the bill comes due in July.

BBN

good point. This is a gamble either way I go. If I jump, prices may fall. If I wait, prices may soar. Hanging onto the cash is the safest bet, but jumping now could pay off.

gecko109

........ but jumping now could pay off.



Just as easily as waiting could.

BBN

<< <i>........ but jumping now could pay off.



Just as easily as waiting could. >>



true, dang this is a catch 22!!!

Of course, purchasing an ounce AGE now would give me an extra $30 ebay bucks for April 3rd bumping my bucks count to around $75.

gecko109

<< <i>

<< <i>........ but jumping now could pay off.



Just as easily as waiting could. >>



true, dang this is a catch 22!!!

Of course, purchasing an ounce AGE now would give me an extra $30 ebay bucks for April 3rd bumping my bucks count to around $75. >>




Oh, well now you GOTTA do it!!!

pitboss

That's what I did but with silver eagles instead of gold.