I still say......

theump · June 14, 2007 5:13AM

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.

JoeLewis · June 14, 2007 5:15AM

Where are you finding them for under melt?

Cladiator · June 14, 2007 5:16AM

Show me one being sold for under melt.

theump · June 14, 2007 5:21AM

Here is but one example!

Text

Gotta look hard and get lucky. But they are there.

Russ · June 14, 2007 5:22AM

<< Show me one being sold for under melt. >>

Yeah, I'd like in on some of that action myself.

Russ, NCNE

JoeLewis · June 14, 2007 5:24AM

Here's One!!!!!

Tootawl · June 14, 2007 5:27AM

<< Here's One!!!!!

>>

JoeLewis · June 14, 2007 5:31AM

<< 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?)

theump · June 14, 2007 5:33AM

They are quarter ounce coins.

JoeLewis · June 14, 2007 5:33AM

<< They are quarter ounce coins. >>

my bad...my brain isn't working!

SilverEagles92 · June 14, 2007 5:34AM

After shipping, that's barely under melt, if you count the value of the silver commem.

theump · June 14, 2007 5:35AM

Spot right now is $652, however, when I bought the coin, it was $670ish.

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!

LanLord · June 14, 2007 5:36AM

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.

Cladiator · June 14, 2007 5:38AM

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

theump · June 14, 2007 5:39AM

<< 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?

JoeLewis · June 14, 2007 5:41AM

<< 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.

theump · June 14, 2007 5:43AM

<< 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)

Cladiator · June 14, 2007 5:47AM

<< 

<< 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.

slipgate · June 14, 2007 5:48AM

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.

theump · June 14, 2007 5:49AM

(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.

Cladiator · June 14, 2007 5:50AM

<< (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.

theump · June 14, 2007 5:51AM

<< 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.

theump · June 14, 2007 5:53AM

<< 

<< (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.

slipgate · June 14, 2007 5:58AM

<< 

<< 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.

theump · June 14, 2007 6:01AM

<< 

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).

Cladiator · June 14, 2007 6:06AM

<< 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.

theump · June 14, 2007 6:08AM

Gold, on an inflation adjusted basis, is no where even near where it topped in 1980. And, the problems now are much worse than they were then.

Julian · June 14, 2007 6:14AM

In actuality, the coins contain .241875 oz of pure gold. There are occasions when you can find something that is less than melt, but I do not believe that you would be able to spend much money at that rate.

If you were willing to pay a 5% premium, then you probably spend whatever you wished to.

I still say......

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