The Real Story of Gold

[markj113]

...

Miss Fortune

Gold is supposed to be expensive.  It always has been.

Gold is also "wealth dense", perhaps its best characteristic.  Of course, "wealth" is in the eye of the beholder, but for over 5000 years gold has held a lot of value in our eyes.

But, gold can EASILY be bought is amounts as little as 1/10th of an ounce.  Gold 1/10th Eagles are typically available at coin shops and would cost maybe $135.  And there are other options for 1/10th oz pieces (also French 10 Franc pieces at about 0.09 ounces -- slightly smaller, but slightly cheaper too).

If your stupid you can buy gold in amounts as small as 1 grain bars (0.06479891g)



When you work out the premiums involved it will bring a tear to your eye though

Best value for small pieces in the UK are either 1/2 sovereigns (3.66g fine weight) or full sovereigns (7.315g fine weight), both can be had for 3-4% over spot and are VAT and capital gains tax free.  Recognised world wide and are extremely liquid.  You also get a bit of history as many are hundred plus years old, my oldest one is dated 1858 so 157 years old.

You can also get the big boys, the quintuple sovereign (also known as the £5 coin) -

This is one of my quint sovereigns (about 1.2 troy oz fine weight) V a regular sovereign

[Xenoph0bia]

Gold is integral part of humans and it will remain in demand in future also. The main reason for constant and increasing demand for gold is its historic existence from decades, if you measure gold in comparison of bitcoin regarding percentage increase in potential, you'd know where to really see profit. But people have faith and trust in gold from the ages and it will continue.

[operrajunk74]

Gold is very popular over the period of time. Anyone can directly buy the gold and anyone can invest into the gold. Demand of gold is always high; some people invest in gold, some people need for jewelry and other cosmetics.  I think it's a good idea to have at least a small part of one's portfolio in gold and this is a good time to get in. Prices have come down from recent highs and demand will only increase.

[OROBTC]

...

markj113

IMO, buying some 1/10th oz bullion gold coins is as small a size as you need.  These run for some $140 - $150 here in the USA.  The US Mint, Canada, Austria and several others produce those 1/10th oz sizes.  YES, the premia are a bit higher, but there may be a time when you do not want to have to chop your 1 oz Gold Eagle into bits...

The 1/10th oz coins are marked with the country's mint and the weight of gold.  They are attractive, and likely to be accepted eherever gold is accepted.

I keep a few 1/4 oz gold coins too, good "size diversification".  One oz coins are big enough for all but VERY HIGH VALUE transactions, and since you can "stack" 20 Eagles into one of the US mint tubes, that is a great alternative to buying 1 kg (or 500 g) bars, which are more likely to be suspected as being counterfeit.

[markj113]

Hi,
The negativity towards gold prices remains extreme, but this may only be the case for the short-term. For those who are focused on the long-term prospects, it seems gold prices may have a huge “sale” sign stuck on them.
To see where gold prices are going next, you must pay attention to gold miners. Remember that if they can’t sustainably produce at a certain gold price, the supply side gets hurt. If the demand remains the same, you have a solid case for higher gold prices ahead.

http://www.profitconfidential.com/gold-mining-stocks/

Who's negativity would that be though?

The bankers and their paper games driving the price aritificially low, comex leveraged over 300:1?

Physical gold sales have gone through the roof as more people realise this artificially low price is indeed a sale

Also you have Russia and China buying up all the physical while the West plays the paper promise game.