Best Deal right now on Gold
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- Kriegsspiel
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Re: Best Deal right now on Gold
It's good to know SDBullion has regular sales, I'll make sure to check them next time I am buying. I'd like to now, after reading about the newest stimulus bill, but I'm quite overweight gold as it is.
I hated all the things I had toiled for under the sun, because I must leave them to the one who comes after me. Who knows whether that person will be wise or foolish? Yet they will have control over all the fruit of my toil into which I have poured my effort and skill under the sun. . . Nothing is better for a man than to eat and drink and enjoy his work.
- Ecclesiastes
- Ecclesiastes
Re: Best Deal right now on Gold
Now isn't the time for a diet Herr Wargame
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Re: Best Deal right now on Gold
What’s the benefit of “legal tender?” You can’t use these as cash in a transaction or redeem them for cash at a bank, can you?SomeDude wrote: ↑Mon Dec 21, 2020 12:45 pmThese are back on sale:
https://sdbullion.com/5-us-commemorativ ... prices.com
fractional, US mint, legal US tender, collectible variety, about 2% over spot.
It really doesn't get much better.
My first two were the statue of liberty and an eagle.
I'm going to order more today, just not sure how many.
- Mark Leavy
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Re: Best Deal right now on Gold
Legal tender has different tax implications.
- Kriegsspiel
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Re: Best Deal right now on Gold
It doesn't make sense to buy gold when I'm flirting with the 35% band.
This is one of the only times that I'd actually wanting to buy the overweight asset. Back when I rebalanced out of stocks, I was only too happy to unload them.
I hated all the things I had toiled for under the sun, because I must leave them to the one who comes after me. Who knows whether that person will be wise or foolish? Yet they will have control over all the fruit of my toil into which I have poured my effort and skill under the sun. . . Nothing is better for a man than to eat and drink and enjoy his work.
- Ecclesiastes
- Ecclesiastes
Re: Best Deal right now on Gold
Def do not use a $465 coin for a $5 purchasethisisallen wrote: ↑Mon Dec 21, 2020 7:53 pmWhat’s the benefit of “legal tender?” You can’t use these as cash in a transaction or redeem them for cash at a bank, can you?SomeDude wrote: ↑Mon Dec 21, 2020 12:45 pmThese are back on sale:
https://sdbullion.com/5-us-commemorativ ... prices.com
fractional, US mint, legal US tender, collectible variety, about 2% over spot.
It really doesn't get much better.
My first two were the statue of liberty and an eagle.
I'm going to order more today, just not sure how many.
Re: Best Deal right now on Gold
Kriegsspiel wrote: ↑Mon Dec 21, 2020 8:12 pmIt doesn't make sense to buy gold when I'm flirting with the 35% band.
This is one of the only times that I'd actually wanting to buy the overweight asset. Back when I rebalanced out of stocks, I was only too happy to unload them.
Wow 35% even with the ridiculous (my opinion) run up in stocks?
- Kriegsspiel
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Re: Best Deal right now on Gold
Well, gold's had a good run recently as well. I also don't auto-reinvest dividends or interest, which skews my results compared to other people.
I hated all the things I had toiled for under the sun, because I must leave them to the one who comes after me. Who knows whether that person will be wise or foolish? Yet they will have control over all the fruit of my toil into which I have poured my effort and skill under the sun. . . Nothing is better for a man than to eat and drink and enjoy his work.
- Ecclesiastes
- Ecclesiastes
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Re: Best Deal right now on Gold
One thing I've thought of doing is buying low-mintage, graded proof gold from countries other than the United States. There are times when you can get them for close to melt. I wouldn't do it with more than, say, 25% of my gold allocation because these coins are not nearly as recognizable as the common bullion issues. But the low premiums over spot, combined with the possibility of price appreciation, has me tempted.
Does anyone have any thoughts?
Does anyone have any thoughts?
- Mark Leavy
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Re: Best Deal right now on Gold
Not familiar with the concept. Intriguing.
What are some examples of:
Won't ever be less valuable than spot, might be more valuable at some point.
What are some examples of:
On the surface, it looks like a free option. My favorite thing.geaux saints wrote: ↑Thu Dec 24, 2020 7:44 pmlow-mintage, graded proof gold from countries other than the United States.
Won't ever be less valuable than spot, might be more valuable at some point.
Re: Best Deal right now on Gold
Can you give any examples? I can't think of any gold product that fits this description. I thought i knew just about every coin out there.geaux saints wrote: ↑Thu Dec 24, 2020 7:44 pmOne thing I've thought of doing is buying low-mintage, graded proof gold from countries other than the United States. There are times when you can get them for close to melt. I wouldn't do it with more than, say, 25% of my gold allocation because these coins are not nearly as recognizable as the common bullion issues. But the low premiums over spot, combined with the possibility of price appreciation, has me tempted.
Does anyone have any thoughts?
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Re: Best Deal right now on Gold
Here is a good example: https://www.ngccoin.com/price-guide/wor ... id-1529612
Same specifications as a UK Sovereign. With patience you can find these close to melt; and look at those mintages!
Same specifications as a UK Sovereign. With patience you can find these close to melt; and look at those mintages!