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- - Gold cions - Tradebility/bartering (http://goldismoney.info/forums/showthread.php?t=233674)

Awoke | 02-07-2008 11:57 PM
Gold cions - Tradebility/bartering Hey guys, I have a small silver collection that consists of 10 oz bars, junk coins and SAEs. I'm selling a bunch of stuff off to buy preps and coins, and I was thinking about buying some 1/10th ounces gold coins. WTSHTF, do you think these are going to be useful on a day to day basis, or should I stick with silver? Thanks for your input.

thrifty_bob | 02-08-2008 01:31 AM
Re: Gold cions - Tradebility/bartering To trade you will pay a premium to sell and another to buy, so I'd suggest just sit on what you have and add to it on pullbacks. Undoubtably there will be some currency accepted for goods, but no telling how much of it will be needed, and I'd expect that gold and silver will hold their value as the value of the paper plummets because foreigners will no longer trust or want the paper at that point, and will be more than happy to dispose of said paper in exchange for real metal.

mike77777 | 02-08-2008 05:07 AM
Re: Gold cions - Tradebility/bartering what bob said. the 1/10 gold eagles are on sale,look in the other gold threads. british sovriegns are around 215 to 220 at the downtown portland dealer[ ,2345oz.]

Twisted Avatar | 02-08-2008 05:46 AM
Re: Gold cions - Tradebility/bartering Quote:
Originally Posted by thrifty_bob (Post 958600) To trade you will pay a premium to sell and another to buy, so I'd suggest just sit on what you have and add to it on pullbacks. Undoubtably there will be some currency accepted for goods, but no telling how much of it will be needed, and I'd expect that gold and silver will hold their value as the value of the paper plummets because foreigners will no longer trust or want the paper at that point, and will be more than happy to dispose of said paper in exchange for real metal.
Dubble Bump!! add to your stash if for no other reason .....that SILVER will circulate before gold will in the post economy It will just be TOO vaulable to trade. 90% and bars will give you multiple options. T

Awoke | 02-08-2008 05:50 AM
Re: Gold cions - Tradebility/bartering I've NEVER looked at gold once - This is just a quick Idea I was wondering about, so you have to forgive me for having Zero experience here please.... Quote:
Originally Posted by mike77777 (Post 958677) what bob said. the 1/10 gold eagles are on sale,look in the other gold threads. british sovriegns are around 215 to 220 at the downtown portland dealer[ ,2345oz.]
Is that a good thing? If POG is $915, there is only $91.50 worth of gold in a 1/10th OZ coin, right? So that is roughly a $130 "Premium" if the coin costs $220..... Seems high to me, or is that normal? Or would I just be better off buying a full troy ounce GAE? *EDIT - I don't think I understand what you mean, Mike77777.. I just looked on Kitco and 1/10 GAEs are $124.06, with POG at $915 right now, so it's about a $30 mark up. Is taht standard, or will better deals come along?

Canadian-guerilla | 02-08-2008 06:46 AM
Re: Gold cions - Tradebility/bartering i guess it all depends on what you may be trading for in the future if you're trading for something small 25 lb bag of flour i would think small silver may be more useful and even a 1/10th gold coin may cause problems for trading what will be the price of gold after TSHTF ? you could argue for hours trying to get full value for your gold coin whereas, i may just offer 3-6 silver dimes and not worry about getting my full value IMO hold on to small silver ( dollars-quarters-dimes ) for bartering/trading and keep the big stuff ( 10oz silver/gold coins ) for big buys and the future

Krugerrand | 02-08-2008 07:34 PM
Re: Gold cions - Tradebility/bartering Quote:
Originally Posted by Wakeness (Post 958701) Quote:
Originally Posted by mike77777 (Post 958677) what bob said. the 1/10 gold eagles are on sale,look in the other gold threads. british sovriegns are around 215 to 220 at the downtown portland dealer[ ,2345oz.]
Is that a good thing? If POG is $915, there is only $91.50 worth of gold in a 1/10th OZ coin, right? So that is roughly a $130 "Premium" if the coin costs $220..... Seems high to me, or is that normal? Or would I just be better off buying a full troy ounce GAE?
A Sovereign contains .2354 troy ounces of gold, so you'd want to multiply the gold spot price by .2354 to see what a Sovereign would cost if you were to get it at spot. At gold spot $923, that'd be about $217 spot. You can also take .2354, multiply that by 4 and get .9416, and multiply that by the spot price to see roughly what you're paying for roughly an ounce in relation to spot. So say you buy four sovereigns at $220 each. You're getting .9416 oz of gold, and at a spot of $923, that works out to about $869 worth of spot gold. You're paying $880, or $11 over spot for not quite a full ounce. If, say, you can get a Krugerrand for $10 over spot, it'd be the better deal, because you're getting more gold for less over spot. Anyway, just keep in mind that the Sovereign contains .2354 troy oz of gold and you can do whatever math you need to to figure out a good price. :s9:

abrokencircle | 02-08-2008 07:55 PM
Re: Gold cions - Tradebility/bartering IF SHTF, no one knows what will or won't be a good thing to have. Having a mixture of both is probably a good bet. 1/10 oz GAE or Krugerrands would be a good purchase. http://www.bulliondirect.com/catalog...o?id=294947512 http://www.bulliondirect.com/catalog...do?id=96394882 Those are the best prices I have found on the internet for the 1/10 ounces. There will obviously be a shipping charge, so if you can find a reasonable price at a local dealer. Either way, I am sure you can do the math. If it is worth the extra dollars to have them in your hand right away go with the local dealer.

Pounces On Ounces | 02-08-2008 07:56 PM
Re: Gold cions - Tradebility/bartering Quote:
Originally Posted by Wakeness (Post 958701) I just looked on Kitco and 1/10 GAEs are $124.06, with POG at $915 right now, so it's about a $30 mark up. Is taht standard, or will better deals come along?
Thats a pretty high price, IMO. 1/10 GAEs go for about $95-110 on Ebay now. Also there have been various threads here on GIM detailing good deals from some coin dealers like Littleton, but I have yet to try those, so DYODD. They were advertised at $83 per 1/10 GAE, if I remember correctly. I also like the fractional gold coins. They are easier to accumulate (for me) at a steady rate. A 1/10 or two per week is easier to manage than plunking down nearly a grand apiece for the full one ouncers. Just try not to overpay too much, but be aware that there definately is a higher premium on fractionals. You can also sell for that higher premium if the need arises in most cases, though. A proper hoard has both silver & gold, IMHO. Its up to you what amount of each feels right. Go with your gut!

Pounces On Ounces | 02-08-2008 07:57 PM
Re: Gold cions - Tradebility/bartering http://goldismoney.info/forums/showthread.php?t=230952 http://goldismoney.info/forums/showthread.php?t=228472

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