If I just bought a Million dollars in Gold Bullion what price should I sell it at?

YaHa · March 20, 2008 3:52AM

I think Gold will go back up in weeks from now, so If I bought 1 millions dollars worth of Gold a $950 a oz when should I sell it for a hefty profit. Also who or where is the best place to buy gold at? As I don't know too much about stocks and fees and taxes and reload charges how is it done.

Mercury10c · March 20, 2008 10:44AM

I think you'll be able to pass it on to your kids and even they won't ever see a hefty profit.

BBN · March 20, 2008 10:45AM

wish I had a million bucks to play with

wayneme · March 20, 2008 10:50AM

my guess you'll have to figure out what your happy with as a profit
i would think 2500 would be a safe bet

fcloud · March 20, 2008 10:51AM

If the dollar strengthens you may see losses before it goes the other way. Look at all the metals today and you will find they have all dropped deeply. There is a shot it is a good time to buy or it could be the beginning of the slide. I wish I had a crystal ball. I hope it works out for you.

laserart · March 20, 2008 11:14AM

Bail @ $650,000

jessewvu · March 20, 2008 11:18AM

you should hold onto it so you can claim it as a capital loss for years to come.

BAJJERFAN · March 20, 2008 11:49AM

If yer smart enuf to make a million $$ you don't need advice from anyone here; unless a course yer yawst yerkin our chanes.

RedTiger · March 20, 2008 11:56AM

<< If yer smart enuf to make a million $$ you don't need advice from anyone here; unless a course yer yawst yerkin our chanes.

>>

Yay, verily, the person with the million dollars extra in play money should be handing out the advice. Either that or sell for $5 net profit and go buy yourself a happy meal with your play money.

CB2597 · March 20, 2008 12:09PM

<< Text If I just bought a Million dollars in Gold Bullion what price should I sell it at? >>

<< Yay, verily, the person with the million dollars extra in play money should be handing out the advice. Either that or sell for $5 net profit and go buy yourself a happy meal with your play money. >>

Guys take it easy...This is a just Hypothetical question posed before us.

YaHa · March 20, 2008 12:18PM

<< 

<< Text If I just bought a Million dollars in Gold Bullion what price should I sell it at? >>

<< Yay, verily, the person with the million dollars extra in play money should be handing out the advice. Either that or sell for $5 net profit and go buy yourself a happy meal with your play money. >>

Guys take it easy...This is a just Hypothetical question posed before us.

>>

If was the pun, I don't say I don't have a million, but I won't say I do either, but I was wondering what some of you guys think, remember Gold is still a good bet compare to some knucklebuck in the White House writing checks from all of you alls retires ment my brothers. Remember it's not God Bless america, its God damned american and you can phone Obama to verify that.

BAJJERFAN · March 20, 2008 12:21PM

It also depends on your idea of a hefty profit. 1052 ounces at $100 over cost will get you $105,200 profit before taxes.

YaHa · March 20, 2008 12:37PM

<< It also depends on your idea of a hefty profit. 1052 ounces at $100 over cost will get you $105,200 profit before taxes. >>

Now thats the answer I'm looking for, so If I buy 1052 ounces and sell on ebay, minus ebay fees, and paypal fees, hope I don't get caught from the IRS, maybe I can pay for my sons college in 2011.

BAJJERFAN · March 20, 2008 1:09PM

Why would you EVER sell it on eBay?

stockwiz · March 20, 2008 1:13PM

buy palladium instead. Increased demand from use in catalytic converters and other applications will cause platinum group metals to see supply shortages in the coming years.. or just buy silver.. because it's cheap.

LOL @ selling a million dollars in gold on ebay

Griv · March 20, 2008 1:28PM

If you bought it today then I wouldn't expect to see the price back up for a few weeks. Major profit taking and market abandonment will need a little healing. Just don't listen to those that have no clue on PMs and actually are angry at the people who participate and make money.

If you have the time to ship and track then eBay is just fine, but time is the biggest issue. I'll take it off you hands for a mere $900/oz delivered.

DJCoinz · March 20, 2008 2:32PM

<< 

<< It also depends on your idea of a hefty profit. 1052 ounces at $100 over cost will get you $105,200 profit before taxes. >>

Now thats the answer I'm looking for, so If I buy 1052 ounces and sell on ebay, minus ebay fees, and paypal fees, hope I don't get caught from the IRS, maybe I can pay for my sons college in 2011.

>>

I'm not even going to address your IRS comment...you're telling me a million dollars isn't enough to pay for college?

If I just bought a Million dollars in Gold Bullion what price should I sell it at?

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