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Thread: Gold on a budget

  1. #1

    Gold on a budget

    Anyone here own 1g, 2g, 2.5g, 5g gold bullion?

    If so, and if you ever sold it, was it hard at all to get buyers? Or do pawn shops/local dealers/etc. readily buy these?
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  3. #2
    Most local coin shops should by them back, not sure about pawn shops. You end up paying a higher premium, though, than if you bought 1 oz. at a time, but if that's all you can afford, it is a way to purchase PMs when you have the cash.

    Might also consider just purchasing silver, and setting aside cash for larger gold purchases in at least 1/2 oz. increments.

  4. #3
    Thanks Bruno.
    Ron Paul - America, you WILL regret not voting for him!

    KNOWLEDGE IS POWER

  5. #4
    You're welcome!

    Others may have differing opinions.

  6. #5
    If you go with bullion you have to buy 1/4 ounce of gold in order got it to be cost effective. SOMETIMES you might be able to find a gram (or so) waffer for a good price...but beyond that the premium on gold is too high to get less than 1/4 ounces....get silver if you want small amounts than say 300$. Junk silver is good.
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  7. #6
    There are roughly 31 grams in an ounce of gold. When trying to decide if it is a good price, you can use this figure. At $1300 an ounce, one gram would be worth about $42. Deciding on if it is a good investment, consider your costs of buying and selling (the markup plus transaction costs). If you are charged a $10 premium each way ($20 total) on a gram, the price of gold would have to go up by 50% for you to just break even- not allowing for inflation (to nearly $2000 an ounce at today's price).

  8. #7
    eBay seems to be a good place to sell metal at prices even higher than available elsewhere online.

    http://shop.ebay.com/?_from=R40&_trk...All-Categories
    Last edited by Corydoras; 01-06-2011 at 05:39 PM. Reason: added hotlink



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