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File: 194 KB, 1000x1000, mint-tube-of-50-tenth-ounce-gold-eagles.jpg [View same] [iqdb] [saucenao] [google]
14892058 No.14892058 [Reply] [Original]

For me, it doesn't make much sense. A single 1/10 Oz (the absolute cheapest) is going for about $166.83. A roll (50 coins or 5 Oz.) is about $8,565.41
So, the current bid on gold is $1425.86 per Oz.
>5 oz * 1425.86 is $7129.30
Over a $1,300 PREMIUM!!!
Is stacking gold for High IQ people?
Redpill me before the Dollar goes to shit.

>> No.14892088

Congrats. You realized it’s a scam by PM sites to offload their bags at a premium. Same with silver too. Then they turn around and buy more at a discount to offload on retarded doomsdayer boomers.

>> No.14892092

>>14892058
newbie questions.. but here is cliff notes:
>eagles have a $ value attached which winds up in premium
>eagles also have a premium because they are worldwide recognizable and thus no "assay" bullshit when trying to trade
>eagles are non reportable to irs, another premium
>yes, you get some of the premium back on trades
>lower denoms have higher premiums because in future trading situation do you want to buy a loaf of bread and sandwhich meat with a 1oz coin or a 1/10 oz coin?

>> No.14892099

I bite low quality bait:
Why would you buy 50x 1/10th's you dyngus, buy 5x 1oz and you won't have that extreme premium.
If you want to buy gold, buy gold. If you don't want to, don't. If you want to take a red pill you need to find it yourself.

>> No.14892112

>>14892088
>he doesnt the implications of eagles not being reportable.
some ppl are so behind the race they think they are out front.

>> No.14892115

>>14892088
Checked and fpbp. Avoid the (((PM))) scam op.

>> No.14892121

You can get little 1 gram chips the size of your thumb nail for like $50.

>> No.14892135

Don’t go all in on PMs. Risk reward is garbage. That being said if you don’t have a physical stack that you are building up for yourself and your family and your children, should something happen, you are a moron.

>> No.14892140

>>14892099
>Why would you buy 50x 1/10th's you dyngus, buy 5x 1oz
So in a currency collapse scenario you are going to trade your 1oz piece for a basket of groceries? what are they going to pay you in change?

>> No.14892145
File: 124 KB, 1200x505, 100usd.jpg [View same] [iqdb] [saucenao] [google]
14892145

>>14892058
You only buy physical gold if you think every single bank is going to melt down and the government will fuck everything up. Basically a Venezuela situation. I personally don't believe the majority of western governments are stupid enough to let it get that far....yet.
It's much easier to buy gold ETF's. GLD or IAU. You can buy this on any stock exchange. Its price follows the gold price. If you want to get into gold miners buy RING. When it comes time to sell gold you don't have to worry about hauling it in to a dealer, getting his really low buy price, or risk having him tell you you have chinese counterfeit gold eagle.

>> No.14892161

>>14892145
>ETF's. GLD or IAU
what is rehypothication?

>> No.14892177

>>14892140
You trade your gold pieces to a bank for pieces of paper the represent pieces of gold and buy your groceries with those pieces of paper(or digital versions of those pieces of paper).

>> No.14892189

>>14892140
For that scenario you want silver, not gold. If you wanted to use gold for that you should get gold grain so you can measure out 1/10th of 1 gram, 1/10 oz would still be way too much to buy groceries with...

To add on to OP's question:

The mining company, the refiner, the mint, and the dealer all need to make money otherwise there would be no products to buy

https://www.youtube.com/watch?v=AeGXYYoSO1U

>> No.14892198

>>14892177
>trade your gold pieces to a bank
so in a currency collapse scenario your plan is to give your gold to a bank....anon i...

>> No.14892216

>>14892198
>anon i...
Keep going. You what?

>> No.14892217

>>14892189
>gold grain
I love waiting for the teller to assay gold in the line at the grocery.
Dude, its going to be eagles or nothing in such a scenario...yes you will be able to trade your grain for an eagle but you will the premium nonetheless.

>> No.14892226

>>14892216
>Keep going. You what?
I....I....I didnt realize you were jewish.

>> No.14892241
File: 1.68 MB, 900x900, 169440_obv.png [View same] [iqdb] [saucenao] [google]
14892241

I think I just might buy some gold Libertads instead because she's got her boobies showing

>> No.14892260

>>14892226
Do you having anything real to say, or are you just going to concede the point?

>> No.14892290
File: 26 KB, 552x552, 1563415489091.jpg [View same] [iqdb] [saucenao] [google]
14892290

>>14892092
How much is the sell back value in the unlikely case the USD somehow doesn't go to shit?
Do I have to pay taxes on a metal? It's mother nature, maaaang.

>> No.14892296

>>14892260
please point to me one of these banks that you give gold to and they give you trusted paper which represents gold.....you sound insane.

>> No.14892310

>>14892290
>Do I have to pay taxes on a metal? It's mother nature, maaaang.
Did you read the part in my post that said "non reportable"?

>> No.14892324

>>14892296
You said in a currency collapse scenario. In a currency collapse scenario it's likely we will just revert back to the way we used to do things before fiat.

>> No.14892353
File: 244 KB, 636x515, 1552565045980.gif [View same] [iqdb] [saucenao] [google]
14892353

>>14892241

>> No.14892375
File: 146 KB, 851x630, 1516455180256.jpg [View same] [iqdb] [saucenao] [google]
14892375

>>14892310
>>>14892226
Why would the gubberment cuck itself like that?

>> No.14892397

>>14892241
She could just whisk you away with her wings and she wants you to enjoy her boobies.
These are as valid reasons as anything else to buy this.

>> No.14892404

>>14892058
>(the absolute cheapest)
it's also the one with the highest premium/ounce you moron

>> No.14892466
File: 57 KB, 669x317, sdkLKJSDf092384.png [View same] [iqdb] [saucenao] [google]
14892466

>>14892375
>Why would the gubberment cuck itself like that?
You think gov ppl dont need loopholes?

pic related

>> No.14892468
File: 103 KB, 800x1100, 1555278697193.png [View same] [iqdb] [saucenao] [google]
14892468

>>14892404
well that's gay of them to take advantage of newbies like me

>> No.14892561
File: 82 KB, 1670x996, 1515636847690.jpg [View same] [iqdb] [saucenao] [google]
14892561

>>14892466
Does this apply to the gold buffalos as well?

>> No.14892635

>>14892140
If that's your concern then buy a mix of silver and gold. Silver to pay for shit. Gold to buy for example more silver to again pay for shit.

Think of WOrld of warcraft. 100 silver turns into 1 gold.

>> No.14892643

dollar wont go to shit
euro and yen will go to shit
only buy gold bars unless you are planning for the apocalypse scenario where you have to pay with it. bars are way cheaper / per unit.
buy physical gold
dont tell ANYONE about it
buy NOW and as much as you can

>> No.14892748

>>14892561
nope, i'm not exactly sure what their justification is either...i can only assume its because eagles were once actual "USD" prior to USA going bankrupt in 1933....thus there is some legal classification to eagles

>> No.14893031
File: 848 KB, 830x738, 1519779722383.png [View same] [iqdb] [saucenao] [google]
14893031

I'll bite
What gold ETF is worth holding onto longer term?
>>14892145

>> No.14893052

>>14892468
No one is taking advantage of you, there is more overhead cost per oz to mint and sell 10x 1/10th ounce coins than 1x 1oz coins.

>> No.14893085

>>14892058
They make 1/20th oz and 1 gram gold coins.

>> No.14893095

>>14892241
Based