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Vlad_The_Impaler on scored.co
1 month ago1 point(+0/-0/+1Score on mirror)
Well not all of them do. There are coin shows i go to and guys are really just self contracted or just wheel and deal coins without the brick and mortar shop and don't pay taxes on most of it.
I keep a few of their cards because if i ever want to mass liquidate i want a couple people i can get ahold of who can come up with big amount of cash for gold, without the premiums, and pay spot or close to spot.
Don't get so caught up with spot price. Look at the spot price for copper. Then go try to buy 50ft copper wire extension cord or copper wire for your walls. Do you get it for spot price or are you charged a premium?
How about Wheat Spot Price? Go buy a bag of wheat flour. Do you get it for SPOT price? No. You pay a premium for 5lb bag of Wheat flour.
I think you are too caught up over a petty premium. Obviously the premium kills you if you are trying to buy and sell gold in frequent trades, daily or weekly or even monthly. If you buy gold and hold it for a year you will be up 15-20% and have untaxed gains and be able to sell common bullion at the next coin show.
Like i said there are many good arguments why maybe you DON'T want to buy gold. So i am glad you are skeptical. It's worked well for me.
I make more money than i spend each month. So what do i do with that extra money? Buying coins or bars works for me. But if you have a better idea then i will listen. Eventually when i have enough i will offer someone gold and silver for their land.
I keep a few of their cards because if i ever want to mass liquidate i want a couple people i can get ahold of who can come up with big amount of cash for gold, without the premiums, and pay spot or close to spot.
Don't get so caught up with spot price. Look at the spot price for copper. Then go try to buy 50ft copper wire extension cord or copper wire for your walls. Do you get it for spot price or are you charged a premium?
How about Wheat Spot Price? Go buy a bag of wheat flour. Do you get it for SPOT price? No. You pay a premium for 5lb bag of Wheat flour.
I think you are too caught up over a petty premium. Obviously the premium kills you if you are trying to buy and sell gold in frequent trades, daily or weekly or even monthly. If you buy gold and hold it for a year you will be up 15-20% and have untaxed gains and be able to sell common bullion at the next coin show.
Like i said there are many good arguments why maybe you DON'T want to buy gold. So i am glad you are skeptical. It's worked well for me.
I make more money than i spend each month. So what do i do with that extra money? Buying coins or bars works for me. But if you have a better idea then i will listen. Eventually when i have enough i will offer someone gold and silver for their land.