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- - 1oz, 1/10th oz or junk? (http://goldismoney.info/forums/showthread.php?t=270691)

Heimdhal | 06-03-2008 12:55 PM
1oz, 1/10th oz or junk? I am farily new to GIM and to PM's in general but the advice i've found on this site is priceless and it was the biggest contributing factor into my decision to finaly pull the trigger and start buying. However, I am on a rather limited spending budget. My wife and I see this as an investment for the long term and so we have come to terms with spending money on it as opposed to putting that in savings or cd's, stocks etc. The problem is that I really only get to spend about 100 to 120 bucks a month of Pm's and I am at a crossroads. I have just 1 1/10 ounce of gold(and i freakin love it!), a couple tubes of 1 oz silver, mostly eagles and prospectors and a few rolls of dimes. So if I buy into one of those options a month, I have to ommit the others, i.e. I buy a roll of dimes, i can only get a couple oz's of silver, or if i buy a 1/10th oz of gold, that all i can really afford for that month. The question is: While i know diversifying is best and I try, which would should I look to putting more of the money into. I want more gold because my plan is eventualy move from silver to gold when we have the funds, but right now i can buy more silver ozs at a time then i can gold. Same with the dimes and other 90% since i usualy dont buy a whole roll at a time. Simply put, Im stuck, im not sure which area i should focus the majority of the funds to and which areas will be less invested into. The goal, like everyone i guess, is to obtain as much PM's as possible before its too late. What are you alls opinions...fractional gold, 90%, silver oz, or just keep the same course?

SLV>GLD | 06-03-2008 01:05 PM
Re: 1oz, 1/10th oz or junk? Put your desires in a priority list and put that list on a monthly rotation.

Yenomsi | 06-03-2008 02:34 PM
Re: 1oz, 1/10th oz or junk? So I'm new to this too Heimdhal, and right now I am buying mostly 90% silver. I'm in the same boat as you having a small amount I devote to PMs each month. I plan on trading up to gold in the future when my stash gets unwieldy in size. One reason for doing this is that you end up paying quite a premium for small fractional gold when compared to buying larger gold coins, or larger quantities, and I can generally get 90% at spot.

Heimdhal | 06-03-2008 02:41 PM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by Yenomsi (Post 1130257) So I'm new to this too Heimdhal, and right now I am buying mostly 90% silver. I'm in the same boat as you having a small amount I devote to PMs each month. I plan on trading up to gold in the future when my stash gets unwieldy in size. One reason for doing this is that you end up paying quite a premium for small fractional gold when compared to buying larger gold coins, or larger quantities, and I can generally get 90% at spot.
the premiums on fractional is part of the reason why i havent got into them as much. But honestly, what is 1-2 dollars above spot for a 1/10 oz of gold. If gold is really supposed to go where everyone says its going, 1-5 bucks is no big deal in the least. Also, generaly speaking, if you go to sell, you get your premiums back anyways :applause_

Yenomsi | 06-03-2008 02:50 PM
Re: 1oz, 1/10th oz or junk? Just taking a quick sample from Apmex... A: 1 oz random year gold eagle - 925.75 B: 1/10 oz random year gold eagle - 98.01 Premium over spot for option A: 43.75 Premium over spot for option B: 98 Could you get around this by shopping around? I guess you might be able to. This is just the trend I've seen. Personally I'd like to save the ~$45 but I can see how it may not matter to you in the long run. And you're right, when it's time to sell, you'll probably get the premium back. I can't speak to how much premiums change :).

Heimdhal | 06-03-2008 03:08 PM
Re: 1oz, 1/10th oz or junk? i buy mostly at local cash and carry shows. I was going to get a 1/10 eagle this past sunday at one(but caved on 4 maples, one with dual year and privy mark and a roll of dimes). One of the more honest and trusted dealers there had them, except the 08's for 93 i believe. 1/10oz krugs he had for something like 90 or 91 i believe as well. And what was spot, like 890. So yeah, if you shop around you can certainly find a good deals. And its not even really shopping around, you go to the guy and he gives you a price, you like it you buy it, if not, take a 1 foot step left and go to the next one :P Premiums do apparently change, though I dont know how much.

ME CO | 06-03-2008 06:41 PM
Re: 1oz, 1/10th oz or junk? Right now with gold at $881 and silver at $16.78 the ratio is at 52.5. A couple monthes ago it was moving down and down- what did it get too? 47.something or did it hit into 46? Anyways with the ratio being higher I would accumulate silver and if it gets down around 40 trade the silver for gold, you will make out "how should I say?" More better. haha :applause_ HH Mark

tanner12oz | 06-03-2008 06:51 PM
Re: 1oz, 1/10th oz or junk? buy silver every month.......keep an eye on the GSR....when it favors swapping some silver for gold do so....to much of a markup on the 1/10's

Twisted Avatar | 06-03-2008 06:54 PM
Re: 1oz, 1/10th oz or junk? Continue to accquire silver only....... spread it out over multipe forms..... Gold is going to have a nice run in a few weeks.......but with the volitilty (45 dollars price swings in 2 days) You can really by default find yourself trying to price the market and TIME IS NOT ON YOUR SIDE. Silver is very boring I will be the first to admit and it takes STRONG HANDS to invest in while gold is doing flips every other day .........silver just lies like a sleeping dog. Dont worry. your top priority is to accumulate volume.... and there is nothing else that will give you more volume than silver period end of story. Think of it this way..... Every mercury dime you get is a bargining chip when the explosion to up side comes....see in your mind eye the day when one of those dimes will sell for 10 bucks each Its coming...... stay with silver for now. T

lhslancers | 06-03-2008 07:01 PM
Re: 1oz, 1/10th oz or junk? Silver is the better bet long term I think.

Twisted Avatar | 06-03-2008 07:02 PM
Re: 1oz, 1/10th oz or junk? oh yeah........ For the love of saints...... dont talk about the logistics or the amount of your stash........ EVER......... that is your business and your business alone. From now on when you talk just say: we have a very small stash by our standards that's it anybody presses you for more information you threaten to throw a bowl of hot grits on there @$$ for being nosy. Bottom line: we are living in times were we have to be beyond cautious. T

Twisted Avatar | 06-03-2008 07:09 PM
Re: 1oz, 1/10th oz or junk? Matter of fact cut and paste to the fridge.......any questions I would be more than happy to answer. Ten Commandments For Buying Gold & Silver: I. ALWAYS TAKE DELIVERY! NEVER let the firm store it for you! Do not place them in a safety deposit box. They can be frozen pending litigation or national emergency. II. Never buy premium if you can avoid it. (Hint:) Most precious metals being sold on TV or Radio are at premium or much higher. III. Buy bullion for business, numismatics for fun. IV. Buy silver first, then gold. You get more for your money with silver and the reasons are the same. V. Buy small gold first, then large. It is always wise to hold multiple denominations and forms. VI. Never buy exotic coins or modern rarities or ANYTHING YOU DO NOT UNDERSTAND. When it comes time to sell, it is very likely you will not get the price you paid. Remember that Rarity and thus value is in the eye of the buyer not the seller. VII. Know your dealer. This relationship will be invaluable as time goes on.( It is wise that you form several independent of each other). A true dealer will take time to educate you and answer All your relevant questions without putting a hammerlock on you to buy something. VIII. What governments can't find, they can't steal, nor tax And lawyers can't sue thus the ULTIMATE in asset protection. IX. NEVER talk to anyone about where you store your physical metals or the amount you actually own, Loose lips sinks ships. X. There is no need to ever break the law. Because the laws on the books will ALWAYS Favor those who are rich because it is them write the law in the first place. XI Always do your own independent due diligence. If a deal is sound it will remain sound until after you research it. TRUST, BUT VERIFY ALWAYS.

gopher29 | 06-03-2008 07:13 PM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by Heimdhal (Post 1130131) ... I want more gold because my plan is eventualy move from silver to gold when we have the funds, but right now i can buy more silver ozs at a time then i can gold...
If your final goal is to convert your holdings over to gold then I would recommend that you just stick to buying gold. More often than not, when you sell something in order to purchase something different you will be taking a loss. If you can be happy with just buying silver and not converting it then I might suggest that silver would be fine for you.

Jack London | 06-03-2008 07:24 PM
Re: 1oz, 1/10th oz or junk? Wise choice to buy PMs. If you think about it, all you are really doing is save money. But your saving real money instead of paper money. I don't mean to digress here, but while ironing a shirt for work this morning, the news program ran a piece about a guy who got a metal detector for his birthday and got a strong signal. He proceeded to raze the barn and what did he find? A steel box with about $1700 in depression era FRNs. (Please play the trombone muffler here "wah-wah.) If only he had found 1700 silver dollars in that box. But that is the point. If all your getting back is more FRNs, then it would be a lousy way to save money. Oh, and the FED will replace those bills at face value. It isn't like they have to go to any trouble. As far as your question is concerned, I say this: follow the advice of Franklin Sanders (It is worth it to read his story) and buy silver first, then gold. By small gold first, then big gold. Tuesday June 3 The Ten Commandments of Gold & Silver Buying ( If you only read one thing, then make it this page . ) Ten Commandments For Buying Gold & Silver : I. Always take delivery II. Never buy premium if you can avoid it. III. Buy bullion for business, numismatics for fun. IV. Buy silver first, then gold. V. Buy small gold first, then large. VI. Never buy exotic coins or modern rarities or anything you don't understand. VII. Know your dealer. VIII. What governments can't find, they can't steal. IX. Never swap bullion coins for U.S. $20 gold pieces. X. Never break the law. And: If you have $5,000 or less to spend put half in US 90% silver coin, and half in British Sovereigns, French 20 Francs, or 1/4 oz. American Eagles. (All references to �ounces� below mean troy ounces of 480 grains or 31.1034 grams). More in the link. http://the-moneychanger.com/commandments.phtml

Ag_man | 06-03-2008 07:41 PM
Re: 1oz, 1/10th oz or junk? With a budget of $120/month, I'd buy a roll of Mercs and put the rest into quality 1 oz .999 rounds, from an established minter (Englehard, Sunshine Mint, etc). Maybe throw in a couple of SAEs or Maple Leaves, if you can get a good price. This is a case where diversity is actually good!

madfranks | 06-03-2008 07:58 PM
Re: 1oz, 1/10th oz or junk? You should purchase junk silver every month. I have a dealer who sells me junk silver for spot, and he always has plenty. I have to agree with TA, every mercury dime you have is a potential bargaining chip. Also, look for the older style silver, i.e. mercury dimes, franklin or walking halves. Should the time ever come and you need to barter your silver away, you'll have an easier time convincing people of it's authenticity if it looks old, not like the silver roosevelt dimes or silver washington quarters which have the same design as their modern clad counterparts.

Twisted Avatar | 06-03-2008 08:22 PM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by Ag_man (Post 1130650) With a budget of $120/month, I'd buy a roll of Mercs and put the rest into quality 1 oz .999 rounds, from an established minter (Englehard, Sunshine Mint, etc). Maybe throw in a couple of SAEs or Maple Leaves, if you can get a good price. This is a case where diversity is actually good!
Sounds like a plan to me!! T

latemetal | 06-03-2008 09:17 PM
Also from the money changer, Moneychanger, why do you recommend gold coins like Krugerrands, Austrian 100 Coronaes, and Mexican 50 Pesos, and what are they? We recommend these foreign coins because they cost less per ounce and give you more gold for your money than the American Eagle gold coin series. All of these coins are well known in the industry and any dealer will readily buy them. The 22 karat South African Krugerrand gold coin contains exactly one troy ounce of fine (pure) gold. The American Eagle copied the Krugerrand’s specifications, and is minted to exactly the same weight and fineness. The Austrian 100 Coronae is an official re-strike from the Austrian mint. It is 20 karat (90% pure) and contains exactly 0.9802 troy ounce fine gold. The Mexican 50 Peso is an official re-strike from the 400-year old Mexico City mint. A 20 karat coin, it contains exactly 1.2057 troy ounce of fine gold. These three coins take turns as the cheapest coin on our price sheet. Why do you recommend older-issue, foreign fractional gold coins instead of modern issues or American Eagle fractionals? Modern issues like American Eagles, Maple Leaves, Philharmonics, and Nuggets include half, quarter, and tenth ounce coins: the smaller the coin, the higher the cost per ounce. With the smallest coins, premiums over the gold content approach 15%. That makes no economic sense because gold is gold. British sovereigns (containing 0.2354 troy ounce fine gold), French 20 francs (0.1867 oz.), Swiss 20 francs (0.1867 oz.), German 20 marks (0.2304 oz.), Netherlands 10 guilders (0.1947 oz.), the whole series of Mexican peso coins, and a number of other gold coins offer lower cost per ounce and good liquidity. Not recommended are gold coins so infrequently seen in this country that you will suffer a big discount when you sell them, such as Iranian Pahlavis (0.2354 oz.) or Saudi guineas (0.2354 oz.). If you can’t sell them, they’re not a bargain." I buy Mexican peso gold coins, 2, 2.5, 5, 10 peso coins are small gold coins. These are all based on the 50 Peso coin 1.2057 troy ounces.:applause_ Currently a 5 Peso coin is .1205 AGW and about $106."

Heimdhal | 06-03-2008 10:17 PM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by Ag_man (Post 1130650) With a budget of $120/month, I'd buy a roll of Mercs and put the rest into quality 1 oz .999 rounds, from an established minter (Englehard, Sunshine Mint, etc). Maybe throw in a couple of SAEs or Maple Leaves, if you can get a good price. This is a case where diversity is actually good!
Quote:
Originally Posted by madfranks (Post 1130662) You should purchase junk silver every month. I have a dealer who sells me junk silver for spot, and he always has plenty. I have to agree with TA, every mercury dime you have is a potential bargaining chip. Also, look for the older style silver, i.e. mercury dimes, franklin or walking halves. Should the time ever come and you need to barter your silver away, you'll have an easier time convincing people of it's authenticity if it looks old, not like the silver roosevelt dimes or silver washington quarters which have the same design as their modern clad counterparts.
Ag man- Thats pretty much what i've been doing, and didnt know if i should make the slow push into gold or not. After I got my hands on that first 1/10 oz gold krug, i was just fascinated, but thats how i felt about my first silver too! Madfranks-thank you for the advice. I have about 60% roosevelts and 40% in Mercs cause I never realy saw a difference, 90% is 90% right? Guess I was wrong. I personaly, due to many factors, dont believe that a true barter system for silver/gold for goods is going to happen, even when the shtf depression comes. Too many sheeple would look at you liek "thats just a f****ing dime ya dork!" and it would get real old to sit there and explain for an hour its value every time you wanted a pack of rice. Also, you can bet they'd start talkin real damn fast. But then again, ya never know and its always good to be prepared. thank you to the others(who i didnt quote) especialy TA, ive always headed your advice(with hollow points!) Mind you though, i never did say exactly how many ounces i had, just that i had less than most and its growing. I feel safe enough with mentioning small purchases, but again, notice my avatar...im one of them there former govt pigs, i could be lying, they told me how :smokin::wink: But thank you any who. Any other advice is welcome!

ajrocks | 06-03-2008 10:37 PM
Re: 1oz, 1/10th oz or junk? You are in a similiarr boat as I am. I am also buying for retirement. So here's what I do, and it does vary... Basicaly if there is a coin show near you goto it once a month. Save the 100-120 a week. Then lets say at the end of the month(whenever the show is) you go with lets say 440... Buy a quarter oz of gold - maples or Krugs...less premium... Then buy the difference in silver... or each week take the 100 or 120 and buy fractional 10th ounce, or pesos dos or dosy cinco pesos (2 or 2.5 pesos) then buy some 90% and/or some rounds. 3rd senario....once week buy as much gold as posible or as much silver as possible...check prices and see what's up or down.... granted fractional gold is higher premium, but you know what....the 1/10 ounces I bought 4-5 years ago are worth double..... buy it all...at least you will have it, You said you have 100-120- a week for pms....so to save the premium you have to save 9 months (at current prices) to buy an ounce...and most will agree it will be longer than that cause next year it will be up even more....

HistoryStudent | 06-03-2008 11:14 PM
Re: 1oz, 1/10th oz or junk? buy silver to gold in ratio of 50 to 1. Silver first after you get 50 ounces buy an ounce of gold. KEEP doing it like the patience of the CHINESE! Soon you'll have quite a stash - RULE ONE: H E L D - CLOSE and DEAR and VERY QUIETLY!

Heimdhal | 06-03-2008 11:22 PM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by ajrocks (Post 1130849) You are in a similiarr boat as I am. I am also buying for retirement. So here's what I do, and it does vary... Basicaly if there is a coin show near you goto it once a month. Save the 100-120 a week. Then lets say at the end of the month(whenever the show is) you go with lets say 440... Buy a quarter oz of gold - maples or Krugs...less premium... Then buy the difference in silver... or each week take the 100 or 120 and buy fractional 10th ounce, or pesos dos or dosy cinco pesos (2 or 2.5 pesos) then buy some 90% and/or some rounds. 3rd senario....once week buy as much gold as posible or as much silver as possible...check prices and see what's up or down.... granted fractional gold is higher premium, but you know what....the 1/10 ounces I bought 4-5 years ago are worth double..... buy it all...at least you will have it, You said you have 100-120- a week for pms....so to save the premium you have to save 9 months (at current prices) to buy an ounce...and most will agree it will be longer than that cause next year it will be up even more....
thats a great idea, however i spend about 120 a MONTH, i wish i could afford it a week or id would be getting 1/4 oz gold!

Jekyll7 | 06-04-2008 12:05 AM
Re: 1oz, 1/10th oz or junk? 1 Attachment(s) IMO get yourself 50-100 oz of silver first, then start to work on the gold. After you have the silver, have a look at Austrian Ducats. You'd be able to add one a month to your stash at current prices...

californiajeff | 06-04-2008 01:04 AM
Re: 1oz, 1/10th oz or junk? Based on some research I have done, I believe the optimal size is 1/4 oz for Gold and 1/10 ounce for Platinum. I believe this is optimal because these sizes hover around the $250 mark and are much easier to sell. You also don't need to save as much money to buy them. Don't get fixated on the $250 amount I mentioned. Figure out what that amount is worth in other currencies or what it is worth in real goods. This way you can track what the optimal level will be in future times.

Heimdhal | 06-04-2008 01:35 AM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by californiajeff (Post 1131065) Based on some research I have done, I believe the optimal size is 1/4 oz for Gold and 1/10 ounce for Platinum. I believe this is optimal because these sizes hover around the $250 mark and are much easier to sell. You also don't need to save as much money to buy them. Don't get fixated on the $250 amount I mentioned. Figure out what that amount is worth in other currencies or what it is worth in real goods. This way you can track what the optimal level will be in future times.
you naild it on the head. I didnt really want to say it, but you nailed it right on the head. My main position on this, is metal value in the future based on OTHER currencies, for various reasons. My point of view is this: If for what ever reason, I, or any of us, need to leave the U.S. and are able to get out, by that time the dollar will be SO devalued that taking 100k in american money to another country will get you a few 100 bucks worth of their currency(maybe a couple thousand). Now, having a 100k in PM's and going to said country, youll have the equal value of that in their currency or basicaly no loss(or major loss). This is all hypothetical, but i like to cover ever area, even not so likley ones.

ajrocks | 06-04-2008 12:32 PM
Re: 1oz, 1/10th oz or junk? sorry then do it every month...also if you have to goto the ATM for whatever, say you have to take out 100.00 stash ten, this will add up. Also don't spend your coins, spend dollars then at the end of the day put the coins in a jar/container this change will add up then you can go and buy silver

Heimdhal | 06-04-2008 01:41 PM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by ajrocks (Post 1131653) sorry then do it every month...also if you have to goto the ATM for whatever, say you have to take out 100.00 stash ten, this will add up. Also don't spend your coins, spend dollars then at the end of the day put the coins in a jar/container this change will add up then you can go and buy silver
we do that, the not spending coins, but use it for other things like, maybe a movie once in a while or now, usualy for baby stuff like passifiers or what bottle liners. I save them now also because i search every last one for 90 and 40%. I got two 90% quarters in one day a few weeks back, so it pays off. 50 cents of change, 6 bucks of silver, cant beat that!

Twisted Avatar | 06-04-2008 01:53 PM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by HistoryStudent (Post 1130898) buy silver to gold in ratio of 50 to 1. Silver first after you get 50 ounces buy an ounce of gold. KEEP doing it like the patience of the CHINESE! Soon you'll have quite a stash - RULE ONE: H E L D - CLOSE and DEAR and VERY QUIETLY!
Amen....... With hollowpoints:D T

jack555 | 06-04-2008 02:51 PM
Re: 1oz, 1/10th oz or junk? What do you guys think of these fractional gold coins? Netherlands 1928 1 Ducat Gold Brilliant Uncirculated KM#83.1 Contains .1106 oz of pure gold! - Only $5.00 over melt value! More Quantity: Add 1 to Cart Sell Price: $102.53 Item #: 14246 Availability: Available Colombia 5 Pesos Gold Almost Uncirculated or Better KM#201.1 Contains .2355 oz of pure gold! Dates of our choice. More Quantity: Add 1 to Cart Sell Price: $212.66 Item #: 28464 Availability: Available Colombia 5 Pesos Gold Extra Fine KM#201.1 Contains .2355 oz of pure gold! Only $5.00 over melt! More Quantity: Add 1 to Cart Sell Price: $210.65 Item #: 28467 Availability: Available

Seleukus Nikator | 06-04-2008 03:03 PM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by Heimdhal (Post 1130131) I am farily new to GIM and to PM's in general but the advice i've found on this site is priceless and it was the biggest contributing factor into my decision to finaly pull the trigger and start buying. However, I am on a rather limited spending budget. My wife and I see this as an investment for the long term and so we have come to terms with spending money on it as opposed to putting that in savings or cd's, stocks etc. ........
here is the usual hierarchy of smart personal finance decisions: 1-- pay down your credit card debt first 2-- maximize your retirement contributions second 3-- have a home mortgage and deduct the interest 4-- save if you are adding PMs, to that, I would say, the hierarchy is the same but cut in some MONTHLY DOLLAR COST AVERAGING of PMs. Find the coin shop in your area with the lowest markup for junk silver coins, rounds, and raw gold. Stop by every paycheck and only spend your fixed amount. Dont worry about the ups and downs of price. Dont invest more than you can afford to stash and resolve not to sell unless the S really I mean REALLY hits the fan. In my mind PMs are not for investment or speculation but essentially insurance against hyperinflation and severe dollar collapse even worse than what we've seen. I am a net buyer all the past 2 years even at the higher levels. I have probably gone too heavy on gold vs silver. If I were to start over I might go 50-50. ------------------------------------------ a lot of people here think I am crazy because I participate in IRAs and stuff like that and have a SDB. You have to weight the risks though not just of collapse but lost opportunities even if there isnt any collapse.

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- - 1oz, 1/10th oz or junk? (http://goldismoney.info/forums/showthread.php?t=270691)

Twisted Avatar | 06-04-2008 03:19 PM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by Seleukus Nikator (Post 1131910) I have probably gone too heavy on gold vs silver. If I were to start over I might go 50-50. ------------------------------------------
I can help you with that gold part if you start to feel kinda gulity........cant have you shouldering all the burden:D T

latemetal | 06-04-2008 05:24 PM
The coins are nice... but the prices seem high, try that on-line auction place.:rolleyes_m: Quote:
Originally Posted by jack555 (Post 1131874) What do you guys think of these fractional gold coins? Netherlands 1928 1 Ducat Gold Brilliant Uncirculated KM#83.1 Contains .1106 oz of pure gold! - Only $5.00 over melt value! More Quantity: Add 1 to Cart Sell Price: $102.53 Item #: 14246 Availability: Available Colombia 5 Pesos Gold Almost Uncirculated or Better KM#201.1 Contains .2355 oz of pure gold! Dates of our choice. More Quantity: Add 1 to Cart Sell Price: $212.66 Item #: 28464 Availability: Available Colombia 5 Pesos Gold Extra Fine KM#201.1 Contains .2355 oz of pure gold! Only $5.00 over melt! More Quantity: Add 1 to Cart Sell Price: $210.65 Item #: 28467 Availability: Available

Caligula | 06-04-2008 05:31 PM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by Heimdhal (Post 1131081) Now, having a 100k in PM's and going to said country
I think it's funny that you think that you'd ever get 100K in PM's out of this country.....

gangsta99 | 06-04-2008 06:42 PM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by Caligula (Post 1132186) I think it's funny that you think that you'd ever get 100K in PM's out of this country.....
This could be easily done, but it is gonna cost you a premium to get these out of the country.

Twisted Avatar | 06-04-2008 06:44 PM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by gangsta99 (Post 1132306) This could be easily done, but it is gonna cost you a premium to get these out of the country.
And you just put yourself on the grid as well. T

Heimdhal | 06-04-2008 08:05 PM
Re: 1oz, 1/10th oz or junk? or you can be smarter about and slowly move them out of the country. I know it doesnt matter in the eyes of the feds, but I didnt bring this up out of mallice or a plot to fun terrorism. If things get bad here depression wise, you can bet your ass the rich will leave and with them their wealth outside of US assets. I simply want to have the same option and if i leave I want to have a means to survive. To me that seems to be PM's, the true world "currency" TA, I always love your advice, like i've said, but you cant be so scared about being on the grid with every little thing you do. Chances are, you're already on it, I know I am for various reason, 100% certain. If they control you through debt, or they control through fear, they still control you. If you are affraid of living your life out of fear of being pegged on a grid you're already on, then you're being controlled and manipulated every minute of every day.

Ag_man | 06-04-2008 08:28 PM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by jack555 (Post 1131874) What do you guys think of these fractional gold coins? Netherlands 1928 1 Ducat Gold Brilliant Uncirculated KM#83.1 Contains .1106 oz of pure gold! - Only $5.00 over melt value! More Quantity: Add 1 to Cart Sell Price: $102.53 Item #: 14246 Availability: Available Colombia 5 Pesos Gold Almost Uncirculated or Better KM#201.1 Contains .2355 oz of pure gold! Dates of our choice. More Quantity: Add 1 to Cart Sell Price: $212.66 Item #: 28464 Availability: Available Colombia 5 Pesos Gold Extra Fine KM#201.1 Contains .2355 oz of pure gold! Only $5.00 over melt! More Quantity: Add 1 to Cart Sell Price: $210.65 Item #: 28467 Availability: Available
When I buy PMs, my choice in purchases are based on an exit strategy. Some of this fractional foreign gold might be a good deal, but when it comes to sell, I don't want to hear "I dunno about this" from my buyer. With gold, I always stick to GAE's, Gold Maple Leaves or Krugs, the only exception would be pre-1933 US gold coins.

shinylid | 06-04-2008 11:18 PM
Re: 1oz, 1/10th oz or junk? Great bit of advice coming from you guys. Any suggestions on where to find a good deal on junk silver? New to the silver bug and lacking some junk silver- bummer thing is I don't have many dealers around here that carry it for a reasonable price. Of course I have looked on ampex, but if you know of somewhere better let me know. Just curious- how would one go about getting PMs out the country? I'm invisioning a bannanna box with some inner tubes. :confused_ma:

NotTheOne | 06-05-2008 09:18 AM
Re: 1oz, 1/10th oz or junk? I know this sounds like a simplistic reply, but 100 oz of gold (assumes $1k/oz) is only 100 oz or about 6 1/2 lbs. Even less if it's Pa or Pd.

Twisted Avatar | 06-05-2008 09:44 AM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by shinylid (Post 1132633) Great bit of advice coming from you guys. Any suggestions on where to find a good deal on junk silver? New to the silver bug and lacking some junk silver- bummer thing is I don't have many dealers around here that carry it for a reasonable price. Of course I have looked on ampex, but if you know of somewhere better let me know. Just curious- how would one go about getting PMs out the country? I'm invisioning a bannanna box with some inner tubes. :confused_ma:
Cross that bridge when you come to it ........ just get as much as you can for now... rest assured it wont get any easier to move around product across international lines. Europe has some of the most advance snooping devices for mail pacakages I have ever seen... there was thread around here where some had a shipment of silver off ebay and it lead to him being investigated for possible " money laundering". T

ajrocks | 06-05-2008 10:11 AM
Re: 1oz, 1/10th oz or junk? I notice a lot of people talk about getting it out of the coutr.why not liquidate it and then buy when you get there? That way there is no need for confiscation, granted you'll lose a little on selling and buying back, but if you can sell when it's high, then move and transfer the cash, exchange to new currency then buy it back. Yea I know that you will lose some money, but at least you won't lose it all!!!

tiger | 06-05-2008 11:16 AM
Re: 1oz, 1/10th oz or junk? Just some random thoughts: 1. Counterparty risk is real, and IMHO is not being rewarded properly in paper investments. For the very real risk of finding out that your counterparty is insolvent, yields should be much higher. 2. With that budget, I would buy 1/10 AGE's to be holding US currency, as well as PM 3. My view on PM ownership is wealth preservation as opposed to capital appreciation (although gold does make some spectacular runups). I just want my extra money every month to not melt away like an ice cube in the microwave. There is LOTS of financial pain coming down the pike, and I believe the plan is to spread it out over all the retirees, 401k holders, pensioners, social security recipients, etc. Paper is going to get burned but if everyone gets more-or-less burned equally, then you're no better off or worse off than your neighbor. Rather than play that goofy-ass game, I pick up gold as often as I can. 4. Once a new currency is rolled out, they will have to do something with all the accounts currently denominated in USD. If the nominal ratio is 10 USD to 1 AMERO, then figure that your savings account will be reduced by 10.5, and your debts will be reduced by 9.5. The bankers will make money off the difference. The retail level investor will get burned in both directions. Gold will still be gold. Quote:
Originally Posted by Heimdhal (Post 1130131) What are you alls opinions...fractional gold, 90%, silver oz, or just keep the same course?

Twisted Avatar | 06-05-2008 11:19 AM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by tiger (Post 1133125) Just some random thoughts: 1. Counterparty risk is real, and IMHO is not being rewarded properly in paper investments. For the very real risk of finding out that your counterparty is insolvent, yields should be much higher. 2. With that budget, I would buy 1/10 AGE's to be holding US currency, as well as PM 3. My view on PM ownership is wealth preservation as opposed to capital appreciation (although gold does make some spectacular runups). I just want my extra money every month to not melt away like an ice cube in the microwave. There is LOTS of financial pain coming down the pike, and I believe the plan is to spread it out over all the retirees, 401k holders, pensioners, social security recipients, etc. Paper is going to get burned but if everyone gets more-or-less burned equally, then you're no better off or worse off than your neighbor. Rather than play that goofy-ass game, I pick up gold as often as I can. 4. Once a new currency is rolled out, they will have to do something with all the accounts currently denominated in USD. If the nominal ratio is 10 USD to 1 AMERO, then figure that your savings account will be reduced by 10.5, and your debts will be reduced by 9.5. The bankers will make money off the difference. The retail level investor will get burned in both directions. Gold will still be gold.
Great points............ T

Heimdhal | 06-05-2008 01:11 PM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by ajrocks (Post 1133012) I notice a lot of people talk about getting it out of the coutr.why not liquidate it and then buy when you get there? That way there is no need for confiscation, granted you'll lose a little on selling and buying back, but if you can sell when it's high, then move and transfer the cash, exchange to new currency then buy it back. Yea I know that you will lose some money, but at least you won't lose it all!!!
The problem with that is, like i siad before, if you are leaving the country, or trying to when the dollar starts really hyperinfalting at the 11th hour, then selling everything for cash and rebuying will cause you to loose a significant amount of money. You can sell it for 100k in US dollars and go to, say, irleand, but 100k us dollars there will be worth maybe a few thousand euros, causing you to not be able to buy nearly as many PM's back. But the point of taking them is not to have them in the country of destination, but to sell them there to have wealth in THEIR currency so you can continue to live. Quote:
Originally Posted by tiger (Post 1133125) Just some random thoughts: 1. Counterparty risk is real, and IMHO is not being rewarded properly in paper investments. For the very real risk of finding out that your counterparty is insolvent, yields should be much higher. 2. With that budget, I would buy 1/10 AGE's to be holding US currency, as well as PM 3. My view on PM ownership is wealth preservation as opposed to capital appreciation (although gold does make some spectacular runups). I just want my extra money every month to not melt away like an ice cube in the microwave. There is LOTS of financial pain coming down the pike, and I believe the plan is to spread it out over all the retirees, 401k holders, pensioners, social security recipients, etc. Paper is going to get burned but if everyone gets more-or-less burned equally, then you're no better off or worse off than your neighbor. Rather than play that goofy-ass game, I pick up gold as often as I can. 4. Once a new currency is rolled out, they will have to do something with all the accounts currently denominated in USD. If the nominal ratio is 10 USD to 1 AMERO, then figure that your savings account will be reduced by 10.5, and your debts will be reduced by 9.5. The bankers will make money off the difference. The retail level investor will get burned in both directions. Gold will still be gold.
Great points, thank you very much. That is the other way i see this going. As opposed to leaving the country and using PM's to move from one currency to another without a net loss, it can be used in THIS country for the same thing IF they do come out with a new system. No doubt if they do this, like you said, youll be taking a 10:1 loss on the dollar(or more) but NOT if you have PM's. Currency transfer is what its all about:smokin:

ajrocks | 06-05-2008 04:52 PM
Re: 1oz, 1/10th oz or junk? [QUOTE=Heimdhal;1133303]The problem with that is, like i siad before, if you are leaving the country, or trying to when the dollar starts really hyperinfalting at the 11th hour, then selling everything for cash and rebuying will cause you to loose a significant amount of money. You can sell it for 100k in US dollars and go to, say, irleand, but 100k us dollars there will be worth maybe a few thousand euros, causing you to not be able to buy nearly as many PM's back. But the point of taking them is not to have them in the country of destination, but to sell them there to have wealth in THEIR currency so you can continue to live. right but the euro is worth more than the dollar, so you are going to say lose 2% in cost of gold (spot minus premium) then transfer the dollar to the euro I think they charge 1% for the transaction not sure...buy back into gold pay 2% premium So you lose out about 5% but that number will fluctuate depending on how much you do.....But hey they you are out of here and that's the goal right? But what if you just send it to your self in the other country? Just like when somone wins on ebay and you send them the stuff?

Heimdhal | 06-05-2008 05:12 PM
Re: 1oz, 1/10th oz or junk? [quote=ajrocks;1133635] Quote:
Originally Posted by Heimdhal (Post 1133303) The problem with that is, like i siad before, if you are leaving the country, or trying to when the dollar starts really hyperinfalting at the 11th hour, then selling everything for cash and rebuying will cause you to loose a significant amount of money. You can sell it for 100k in US dollars and go to, say, irleand, but 100k us dollars there will be worth maybe a few thousand euros, causing you to not be able to buy nearly as many PM's back. But the point of taking them is not to have them in the country of destination, but to sell them there to have wealth in THEIR currency so you can continue to live. right but the euro is worth more than the dollar, so you are going to say lose 2% in cost of gold (spot minus premium) then transfer the dollar to the euro I think they charge 1% for the transaction not sure...buy back into gold pay 2% premium So you lose out about 5% but that number will fluctuate depending on how much you do.....But hey they you are out of here and that's the goal right? But what if you just send it to your self in the other country? Just like when somone wins on ebay and you send them the stuff?
thats what i was thinking. I mean youd wnat to just up and leave the country, end up in a new country and go "ok, lets find a place to live." You'd certainly want to be prepared slightly before hand with an apartment or a friend over there or something where you can slowly send your "questionable" assest to yourself and theyll be safe. That way when you get there, you can sell your PM's for the new currency and not have to deal with the TSA ass clowns questioning you on why you have 2 pounds of gold in your suitcase!

ajrocks | 06-05-2008 05:18 PM
Re: 1oz, 1/10th oz or junk? also I may be wrong about this but didn't switzerland hold the gold for the nazis and other countries? Couldn't you just send it to them then go get it while you are there? Or let's go back to the hidding it thread, seal it in lead inside your....mmm car or something then ship it? Don't know how that works though..shipping stuff overseas..... Looking at doing a euro tour and supposidly it's cheaper to rent/buy the instruments over there than ship them... At least for those of us that are not selling out stadiums at the moment!

Bajan_Man | 06-05-2008 11:36 PM
Re: 1oz, 1/10th oz or junk? [QUOTE=ajrocks;1133012]I notice a lot of people talk about getting it out of the coutr.why not liquidate it and then buy when you get there?QUOTE] It depends on the country that you go to. I can tell you for a fact that bullion dealers do not exist in every country.....

Bajan_Man | 06-05-2008 11:44 PM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by ajrocks (Post 1133674) also I may be wrong about this but didn't switzerland hold the gold for the nazis and other countries? Couldn't you just send it to them then go get it while you are there? Or let's go back to the hidding it thread, seal it in lead inside your....mmm car or something then ship it? Don't know how that works though..shipping stuff overseas..... Looking at doing a euro tour and supposidly it's cheaper to rent/buy the instruments over there than ship them... At least for those of us that are not selling out stadiums at the moment!
As of right now, it is fairly easy to take silver and gold out of the country (by commercial plane). Just be smart and take it inside your carry-on luggage. Of couse, if you take a lot of it, it will show up as a rather conspicuous dark blob on the luggage x-ray scanner. But no problems once the TSA people take a look at it. I can't tell you how many times the TSA people have looked at it and asked me, "What's this? Silver? What do you do with it?" Sad. Only in America I guess......:sarcasm:

Heimdhal | 06-06-2008 12:26 AM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by Bajan_Man (Post 1134042) As of right now, it is fairly easy to take silver and gold out of the country (by commercial plane). Just be smart and take it inside your carry-on luggage. Of couse, if you take a lot of it, it will show up as a rather conspicuous dark blob on the luggage x-ray scanner. But no problems once the TSA people take a look at it. I can't tell you how many times the TSA people have looked at it and asked me, "What's this? Silver? What do you do with it?" Sad. Only in America I guess......:sarcasm:
I got to be honest, until about october of last year(and really january of this year when i started buying) I was one of those people who would just be like 'hey, thats kinda neat" but not give it much thought past that. If no one has ever exposed them to what it is and what you do with it, how are they going to know. Of course, in the airport being searched infront of a million people is not the itme to start preaching about wealth conservation/retention and economic plights...you may just get a little too much attention. Id simply say "I collect it and trade it, like baseball cards":bear_tongue:

Bajan_Man | 06-06-2008 12:37 AM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by Heimdhal (Post 1134083) I got to be honest, until about october of last year(and really january of this year when i started buying) I was one of those people who would just be like 'hey, thats kinda neat" but not give it much thought past that. If no one has ever exposed them to what it is and what you do with it, how are they going to know. Of course, in the airport being searched infront of a million people is not the itme to start preaching about wealth conservation/retention and economic plights...you may just get a little too much attention. Id simply say "I collect it and trade it, like baseball cards":bear_tongue:
I don't know, but I think that it's a sad day when American's don't see the value of precious metals. It seems as if one were to freely give away to the average American a generic silver round/bar, he/she would probably use it as a paper weight or maybe a door stopper. If one were to give it to anyone else, not only would they snatch it of their hands, but just for good measure they would probably stab the benefactor to death just in case he/she has a change of heart.....

Heimdhal | 06-06-2008 01:46 AM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by Bajan_Man (Post 1134089) I don't know, but I think that it's a sad day when American's don't see the value of precious metals. It seems as if one were to freely give away to the average American a generic silver round/bar, he/she would probably use it as a paper weight or maybe a door stopper. If one were to give it to anyone else, not only would they snatch it of their hands, but just for good measure they would probably stab the benefactor to death just in case he/she has a change of heart.....
that is very true. I've been talking with a friend of mine(younger friend, hes 19 or 20) about gold/silver and all this. He gets it, he understands it. He hates the way things are, wants them to change, understands theres an upcoming depression. However, he just got a 500$ limite CC from best buy, bought a 44k mile Chevy coblat supercharged for 16K at 9 1/2% for 7 years, etc etc. I keep trying to get him to go to the coin shows localy, i've showed him my silver and hes just like "yeah thats neat" I ran down the 3 dimes story, showed him what paper money really is and had him do work on my computer for which i paid him with a '95 silver eagle. He still wont take the bait and swallow the pill, just hides it under his tongue.

ajrocks | 06-06-2008 07:55 AM
Re: 1oz, 1/10th oz or junk? Quote:
Originally Posted by Bajan_Man (Post 1134089) I don't know, but I think that it's a sad day when American's don't see the value of precious metals.
The other dayu Dennis and Judy - 10am -2pm on NJ 101.5 Judy said her daughter was in the mid east and she couldn't even buy a pack of gum with a dollar and she just said it's amazing the other countries don't want our money anymore then just dismissed it....actual proof by a person and still no idea !!!

azxcvbnm321 | 06-08-2008 06:38 AM
Re: 1oz, 1/10th oz or junk? For fractional gold coins, French Roosters and Angels are widely recognized and usually have small premiums. They also cost less than $150. You could start there. For silver, generic 1oz-10oz rounds and bars have small premiums. If you think you might have to leave the country, then gold is the way to go. Think, how are you going to carry all that silver out of the country? How many suitcases would you need to pack that junk silver? And what about the weight? You know all the airlines are charging for weight nowadays because of high fuel prices, how many hundreds of dollars are you going to have to spend just to carry silver out? And think of having to lug all that silver around to find a dealer, then having him count and examine all the individual pieces. Quite a hassle. And I haven't even discussed restrictions or perhaps bans on carrying PM. If you have to smuggle PM out of the country, guess what? You're screwed if you have silver. You'll never be able to smuggle very much out. But gold, you can just hide an ounce here and there, perhaps in between some packed clothes, in a briefcase, etc. A couple of ounces could go into your wife's purse, with all the junk women carry, it should go undetected. No need for huge suitcases full of silver that will cause suspicion, go with gold. A couple of French angels could even be hidden inside your wallet where the credit card slots are, and behind your drivers' license. Gold is compact and discrete, better start buying soon!

latemetal | 06-08-2008 02:39 PM
20 Franc coin, Update, at $902.20/ounce a 20 Franc coin is $168.44 and contains 0.1867 ounces of Gold. I was fleamarket shoppng today, a 20 franc coin and a 1/2 sovereign for $270:bear_tongue:. I also got some generic silver rounds.:tongue_ma:

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