Gold

ChickenHawk

ChickenHawk

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Is buying super small quantities of gold worth it compared to silver? I'm talking about the 1 gram novelty bars you buy as gifts for kids and stuff. The only benefit I see is the size and it doesn't tarnish like silver.
 
I've gotten satisfied with the amount of silver I've collected and started picking up a 1/10 oz gold eagles from JMBullion.com. I've mostly stuck with US coins over bars for no good reason other than they're more identifiable and hopefully easier to sell in the future. I'm thinking of it as a diversification strategy for my investments. It's honestly not enough to be very financially impactful toward my entire retirement portfolio but it's something.
So, to answer your question, I think a mix of gold and silver is a smart strategy but it depends on the person. If you're buying thousands of dollars worth of precious metals it's of course easier to buy gold b/c the quantity to store is less (like you mentioned). Make sure those novelty bars are authentic and from a reputable site/location/person. If it's real, it'll test real when you want to sell it.
 
Calculate the premium and shipping on those tiny units, probably far better to save until you can buy a more regularly traded size coin or bar.
 
they are fine for "gifts for kids and stuff."
my FIL used to do that a lot.

however, smaller gold jewelry
(rings, ear-rings, etc.) turned out
to be a better gift for most people
and at the same cost as the tiny bars
because of the premiums, etc.
 
I get what y’all mean about the premiums being higher on the smaller pieces but that can also work to your advantage if and when you need to spend them.
 
GENERALLY … the small the piece the higher the premium over spot.

As to gold over silver … newer solar technology seems to be leading to using more layers of thin film technology (a new one claiming a huge gain in efficiency says 15 layers but each only being microns thick) with silver being one of the major ones. I see the industrial/technological use of silver being higher than gold in the future which could (just my thoughts) take the price up more in percentages than gold … but I am not a metals investment specialist nor did I stay at a Holiday Inn Express last night so my opinion is just that opinion.
 
Last edited:
NCFubar said:
GENERALLY … the small the piece the higher the premium over spot.

As to gold over silver … newer solar technology seems to be leading to using more layers of thin film technology (a new one claiming a huge gain in efficiency says 15 layers but each only being microns thick) with silver being one of the major ones. I see the industrial/technological use of silver being higher than gold in the future which could (just my thoughts) take the price up more in percentages than gold … but I am not a metals investment specialist nor did I stay at a Holiday Inn Express last night so my opinion is just that opinion.
Click to expand...
By that thought process you should be stacking copper.
 
DarrenC said:
I've gotten satisfied with the amount of silver I've collected and started picking up a 1/10 oz gold eagles from JMBullion.com. I've mostly stuck with US coins over bars for no good reason other than they're more identifiable and hopefully easier to sell in the future. I'm thinking of it as a diversification strategy for my investments. It's honestly not enough to be very financially impactful toward my entire retirement portfolio but it's something.
So, to answer your question, I think a mix of gold and silver is a smart strategy but it depends on the person. If you're buying thousands of dollars worth of precious metals it's of course easier to buy gold b/c the quantity to store is less (like you mentioned). Make sure those novelty bars are authentic and from a reputable site/location/person. If it's real, it'll test real when you want to sell it.
Click to expand...
Make sure you are getting the military discount from them. You get the cheapest price for 1 coin they offer
 
ChickenHawk said:
Is buying super small quantities of gold worth it compared to silver? I'm talking about the 1 gram novelty bars you buy as gifts for kids and stuff. The only benefit I see is the size and it doesn't tarnish like silver.
Click to expand...
Gold is good for a store of value. It is good for insurance. There were numerous tales of Vietnamese boat people who were able to escape certain death at the hands of commies in exchange for the hammered gold strips that traded in that country. Think "last plane out" stuff...., so yeah, it is good to have some.
It is also good because it is THE alt-money. Not even silver matches it for reliability and trustworthiness.
I am a fan of silver for reasons I have mentioned, but I do have some gold, and I think everyone should have a little.
 
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