/r/Gold
As the title suggest. I'm unsure on what I should do. This 1890 $10 lib. Last sold/s were 2400. Price guide has it at $2650. My question is , should I sell and convert to roughly an ounce of gold. Or keep and hope the Numismatic value doesn't outpace the gold content so dramatically. It makes it hard to liquidate in the future if needed be. For reference I personally collect more crystalline gold Nuggets , as well as bullion. I do own other certified gold coins ( libs , Indians etc ). But nothing that is this far above gold value. Advice / feedback or personal preferences would be appreciated. Also for context. I don't plan to liquidate this or $2600 ish worth of gold for fiat , for the foreseeable future. But things change and quick sometimes. If you made it this far , thanks for reading.
Couldn’t ever find a good video to show the hologram so wasn’t really sure what to expect. I know it’s a bit of a gimmick but I love it.
I thought this was an interesting little short...
Hello, I wanted to reach out because i tried doing some research on this company “at cost metals” and couldnt find much.
Some background: My father in law is an amazing man and unfortunately life has not been to kind to him. He recently just got divorced and and is trying his best to work on himself. In that process he wants to continue helping his kids (18m, 22m, 24F(my wife)) and he is doing so by helping them invest in precious metals. We already invest in gold but dont make it to public to our family so he isnt aware we already have some. Anyways he said someone from his church told him about “at cost metals” and he was telling my wife that for christmas he wants to buy all his 3 kids memberships ($300ish each for 18months + 3 silver coins + a discounted price on precious metals). I was researching this company and i saw on “behindmlm.com” that this company was a scam and that the current co-founder was a founder of another company in 2012 that was also an mlm.
He is trying to do a good thing and he doesnt have much money. Im afraid if my wife tries to talk to him about it he might get defensive and prideful. But we feel bad for him spending money on this. How can we convince him with cold hard evidence rather than just a “trust me bro” argument? I cant seem to find anything inline credible about this company being a scam other than the “behindmlm.com”
I would greatly appreciate it, and thank you.
After years of searching for the perfect set I finally found it and got it!
Here’s the breakdown:
Was on sale for $86 per gram spot was $85.2 at the time for 24k these are 22k 109.4 grams
Charges: 86x109.4 = $9408.4 gold price 9408.4x1.0775 = $10137.55 7.75% tax 10137.55x1.04 = $10543.05 4% cc tax fee
$10543.05x.07 = $738.01 cash back
Total otd = $9805.04
Analysis: (85.2x.916)x109.4 = $8537.58 9805.04-8537.58 = $1267.46 1267.46/9805.04 x100 = 12.83% based on sell price markup with all fees included. 1267.46/8537.58x100= 14.85% markup based on actual 22k price. What a STEAL!!
9805.04/109.4 = $89.63 per gram 89.63-(85.2x.916)= $11.59 above spot per 22k gram $89.63x31.1 = $2787.49 per Troy oz (22k) $2659.72 24k per trip is (85.2per gram)
$2787.49-$2659.72= $137.77
This is how I buy gold when I go shopping (i only calculate charges part - these ppl just rounded up to $86 where others don’t so I don’t have to do extra analysis). I usually have an X amount im willing to pay above spot price per gram. And then I run the numbers. In some places they will negotiate in others they won’t. The cc fee here was ridiculous!! They did not budge on that. In some places if you pay cash you don’t get taxed… either way I’m super happy with my purchase!!
Stack so far. Two more tubes just arrived.
Been thinking about dipping my foot for a while, finally did it.
OK, So... hypothetical question here...
IF the economy were to 'collapse' ... Would the prices of silver, gold, and bitcoin go UP, or DOWN at that point?
trying to decide to buy now or wait...
I would never want to sell my precious metals but I may come to a point where I need to get a loan against them. How would I do that? Pawn shop? Will a coin dealer give me a loan if they hold my gold and silver? Uncle Bobby? A local bank?
I have been stacking/investing/saving since leaving college.
I have the classic emergency fund and severance negotiations will leave me with 5 figures before taxes. Now, i can afford my lease and am lucky enough to look for a job.
My real question is how would other gold stackers approach this situation? If my severance or unemployment ran out, which assets would you start with? Evenly?
EDIT: Thanks to the r/Gold community. You are more than just a hobby group I am proud to be a part of, you really are a community.
If it is important can someone explain why?
Someone a while back was asking how gold got to refineries.
This is a Royal Canadian Mint shipping container from when my family mine gold .
Im trying to buy my child a coin each year from either AGE, Maple or Britainia - only requirement is the rollmark year be the year its from so when can we expect to see 2025?
I'd like to buy my kids each a gold coin for their birth years to hold onto and hopefully gain value. What is a good dealer where I could get a good price? The 2 years I need are within the past 10 years.
It seems a pretty good deal to me.
In stock gold bars at Costco in Winston-Salem, NC yesterday. Seemed fairly priced. However, I didn’t ask if they charge tax on a purchase.
Upon asking if they resell what they buy, the lady at the front desk said they are selling 14k junk jewelry at $29/g. Why does this seem like a red flag? This place has been in business for 10+ years.
They are a check cashing, western union type business that also buys gold.
Just curious. I plan on buying a couple grams and getting it tested. It seems like they are pulling some shady stuff to be selling so cheap.
I'm a beginner at this. Bought my first gold today. A half ounce gold krugerrand for around 1370. It was at a coin shop in the city.
He put it on a sigma test thing and it was a little out of the parameter brackets. He said sometimes this happens with less than an ounce coins.
He put what I think was a wand on it and it tested fine. The weight was 16 point something grams I can't remember. My kitchen scale says 17 but I figure that's because it rounds up which sounds right.
I get paranoid because I don't know what I'm doing. I feel scared that I'm buying fake stuff.
How do you guys verify your gold and silver? Can I trust most coin shops? I feel like they could just be selling fake things and if I come back later because it's fake they'll just say "too bad"