Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: SeekAndFind

Have been buying physical gold and silver for the past 8 years.

Family and friends have told me they would like to invest in gold but can’t afford it. They don’t realize that physical gold is available in smaller amounts (1 gram, 2.5 grams, 5 grams, 10 grams, etc.). Haven’t purchased any gold recently, but believe there are several small gold refineries selling 1 gram of 24K gold, with assayers certificate for around $70 - $80 at present.


4 posted on 08/04/2011 9:16:17 AM PDT by Ernie Kaputnik ((It's a mad, mad, mad world.))
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Ernie Kaputnik

Thanks for that info, but how does one take a gram of gold to the supermarket to buy groceries? I’m just wondering about the relative ease of cashing in that gold vs. the selling of shares of GLD, which can be done in an instant through an online brokerage account.


9 posted on 08/04/2011 9:23:26 AM PDT by Deo volente (God willing, America will survive this Obamination.)
[ Post Reply | Private Reply | To 4 | View Replies ]

To: Ernie Kaputnik

there are several small gold refineries selling 1 gram of 24K gold, with assayers certificate for around $70 - $80 at present


At current prices, a gram is worth $53. Your product and price is fiscal rape.

Much wiser is to buy silver if you can’t scrape together a few thousand a year to buy a one ounce coin, or to buy 1/10th ounce coins.

gainesvillecoins.com has low prices on surprisingly small quantities.


46 posted on 08/04/2011 6:54:11 PM PDT by Atlas Sneezed (Government borrowing is Taxation without Representation)
[ Post Reply | Private Reply | To 4 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson