I bought a gold bar 1 oz Pamp Suisse 999.9 sealed ounce for 630.00 was it to much? - pamp suisse definition
Was it worth it?
Saturday, January 30, 2010
Pamp Suisse Definition I Bought A Gold Bar 1 Oz Pamp Suisse 999.9 Sealed Ounce For 630.00 Was It To Much?
6 comments:
No, do not pay too much for him. When buying physical gold, you must also pay the cost for manufacturing of ingots or individual pieces that you've purchased, and benefits to the parts store where you bought gold. You pay about $ 30 on the spot price, which is pretty for a gold bullion standard (even though at that price, I would have bought a Canadian Maple Leaf, however, but it's) just my personal preference.
Buying physical gold is the only way to go, in my opinion. Only if you in your hot little hands you know you have it. If they are stored in some vault managed by an ETF, you are in danger of thinking of 'accounting irregularities "something magical about it, was to be vanish.
For the moment, probably in a position to sell his bar to $ 10 - $ less than the "spot" 20 awards. Again, we have the parts can be stored for a profit.
Do not worry, though. Everything about the financial situation of the United States shows that gold will rise in the price of aND probably quite spectacular. How your money if you are ready to sell.
You have paid a bit much for him, but it could be useful on the road.
It was too much. Gold is rising steadily for some time that a long time before they could reach these levels again. I hope I am wrong, but in the long term of 30 years should be worth more than you paid.
If you bought today - then yes, as an ounce of gold now trades at $ 600.
But for LT investment - your problem is not a bad idea. In another poster mentioned, there are other options, which is easier - UAI are one, and it is GLD. Both can be easily bought and sold. Though mind you, nothing is so sure (if it is activated in a good safe or something) like real metal. These ETFs are not really shiny gold.
Yes Do not buy physical gold. Buy IAU - an ETF that trade as a share and represents the physical gold - or the effect of the gold mines. More liquid and transaction costs cheaper. You can get good answers here.
If you hope to get the correct answer, you're in the wrong place
Post a Comment