APMEX has a sale on 1/10 oz, 19.95 over spot.
mrpaseo
Posts: 4,753 ✭✭✭
Not the AGE but the maples and a few others.
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Liberty: Parent of Science & Industry
I knew it would happen.
<< <i>The US mint just announced a 40% premium on tenth oz. coins; Text
http://catalog.usmint.gov/webapp/wcs/stores/servlet/ProductDisplay?catalogId=10001&storeId=10001&productId=16928&langId=-1&parent_category_rn=10118 >>
That's the proof issue.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I think that the Mint bumped their premiums when they went to their new pricing matrix a few years ago, and I think that they just increased their premiums again recently (for 2013 issues).
You can play the premium game with the Mint as long as there is a market for "manufactured rarities". I play that game, but I don't play it exclusively because there may very well come a time when the premiums all go away, and that might be the time that you wished you had simply bought more bullion instead of paying the high premiums for a collectable piece of bullion.
It's always a judgement call.
I knew it would happen.
Dont mean to step on anyones toes,but I bought my first 1/10th ounce,a GAE pf and I dont see the attraction of a coin thats so small.I own alot of 1/4 ozs,and a handful of 1/2 ozs,besides 1 oz coins.The smallest coin I will continue to buy is the 1/2 ozers.JMHO.
<< <i>Dont mean to step on anyones toes,but I bought my first 1/10th ounce,a GAE pf and I dont see the attraction of a coin thats so small.I own alot of 1/4 ozs,and a handful of 1/2 ozs,besides 1 oz coins.The smallest coin I will continue to buy is the 1/2 ozers.JMHO. >>
While I may agree with you if you are talking about stacking (1/2 ouncers also give you more gold for your money), I found way easier to sell tenth oz compared to half oz.
I do prefer 1/4 size but the beauty/appeal of the full ounce is unbeatable, imo.
Knowledge is the enemy of fear
<< <i>How are all those fine folks doing who paid 40% premiums to put proof gold in their IRAs back in 2010? >>
Ask them when they retire. Now is irrelevent.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>How are all those fine folks doing who paid 40% premiums to put proof gold in their IRAs back in 2010? >>
Ask them when they retire. Now is irrelevent. >>
No, not really. They should have been in stocks and realized a 50% return. Now they are down 30%+. That means those in equities have double the money (protection) than those who bought proof AGEs. They could sell now and have twice as many ounces. But as usual happens, investors play to their emotions--and usually get the shaft.
No one, absolutely no one, should ever invest a penny until they understand the concept of time.
Knowledge is the enemy of fear
<< <i>No one, absolutely no one, should ever invest a penny until they understand the concept of time. >>
Please share
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
You know, it's probably easy for someone like you or I to follow the market closely and then to analyze it sufficiently to make all the right moves, for awhile. In this instance, buying the Proof AGE in 2010 turned out to be a bad investment in the short term.
The same problem does exist for ANY investment. The Dow is down 133 pts today as I type this. Does that mean you should have sold your stocks yesterday? No, it does not.
Putting things into perspective, you don't buy & sell successfully on a daily basis if you are investing for the long term. You just don't. It's easy to get caught in a downdraft when you are trading fast 'n furious in futures. Don't try to convince me that you are successful on every trade, or that you don't suffer a setback when one of your trades goes south.
We all have had our successes and failures. Nobody is immune (unless your HFT program is really good and is hardwired into the exchange from the next building over).
There will come a day with the algos find your stops, and there will come a day when your margin calls hurt you as much as the gains you've logged. I'm just sayin', the spigot will get turned off and the dance will stop when you aren't ready. All of the effort, and hair-trigger trades will get zeroed-out at the least convenient time.
If you're smart, you've planned for that, too.
I knew it would happen.
Fred, Las Vegas, NV
Two weeks ago MCW was cheaper by about $10 bucks, what ever, the best deal gets my FRN's.
<< <i>Just picked up a 2013 1/4 oz. AGE, for $409.91 including shipping from APMEX. Still $10 bucks cheaper than MCW.
Two weeks ago MCW was cheaper by about $10 bucks, what ever, the best deal gets my FRN's. >>
Provident and GoldMart have 1/4 AGE for $382-382 plus $8.95 shipping.
Thanks for the heads up. Crap, I could have saved nearly $20 bucks going with GM. Appears GM and Provident are neck and neck regarding prices n shipping, and are a much better deal than MCW or APMEX.
EDIT: Provident Metals also sells "bug out" kits, commonly known as prepper food kits.
Beef Stroganoff with Noodles | Mountain House #10 Can, 25 years of shelf life, yummy
No it doesnt, but what if you paid 22,000 for the DJIA? This is the premium people were paying.
The problem with premiums is they have a tendency to disappear--especially if your investment pans out and goes higher. Do you really think proof AGEs will have a 40% premium if gold goes to $5000?
Knowledge is the enemy of fear