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The Water Cooler
General Discussion
Any of you guys buy/own gold?
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<blockquote data-quote="John6185" data-source="post: 3260955" data-attributes="member: 25679"><p>Well, I'll awaken this old thread. I decided to check on selling off some $50 American Buffalo bullion and this is what David Lawrence sent me-</p><p>Thank you for the inquiry. Common Buffalo gold really struggles to bring any significant premium over the price of gold even in a retail environment. The 2008 issues including the fractionals bring small premiums, but the rest typically do not. With that, even in 70 holders, we wouldn’t be able to pay stronger than spot. In fact, we’d have to pay less than spot simply to make a modest profit.</p><p>On the pre-1933 gold you have and commemoratives, we’d be happy to review a list of what you have and let you know what you could expect. Just email me a list or spreadsheet and I’d be happy to review. Thank you, and let me know if you have any other questions.</p><p>So buying bullion isn't as lucrative as I thought, it would be better had I put the money in the bank. Or sell if the gold gets up to $1,841.00 per ounce again. The sad part (stupid me) I paid as much as $1,700 for one piece (ounce) and they want o buy it for spot at $1500... I'm not going to buy any more bullion (American Buffalos, they're a pretty coin but that's about it.</p></blockquote><p></p>
[QUOTE="John6185, post: 3260955, member: 25679"] Well, I'll awaken this old thread. I decided to check on selling off some $50 American Buffalo bullion and this is what David Lawrence sent me- Thank you for the inquiry. Common Buffalo gold really struggles to bring any significant premium over the price of gold even in a retail environment. The 2008 issues including the fractionals bring small premiums, but the rest typically do not. With that, even in 70 holders, we wouldn’t be able to pay stronger than spot. In fact, we’d have to pay less than spot simply to make a modest profit. On the pre-1933 gold you have and commemoratives, we’d be happy to review a list of what you have and let you know what you could expect. Just email me a list or spreadsheet and I’d be happy to review. Thank you, and let me know if you have any other questions. So buying bullion isn't as lucrative as I thought, it would be better had I put the money in the bank. Or sell if the gold gets up to $1,841.00 per ounce again. The sad part (stupid me) I paid as much as $1,700 for one piece (ounce) and they want o buy it for spot at $1500... I'm not going to buy any more bullion (American Buffalos, they're a pretty coin but that's about it. [/QUOTE]
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Any of you guys buy/own gold?
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