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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: zebra4o1 who wrote (43810)	12/12/2008 10:55:24 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217750

just did pt bars no particular downside as far as i can see as long as having the right logo on them (swiss as opposed to, say, russian) just a bother as requires direct import to buy and have no clue on how to unload will figure out later just get the bars for the now before direness happens the standard issue (panda, eagle, maple leaf, koala, and such) bullion coins are CONVENIENT and definitely can be unloaded at any time in hong kong.

To: zebra4o1 who wrote (43810)	12/13/2008 4:20:41 AM
From: energyplay	Read Replies (2) \| Respond to of 217750

You want to look at selling as well as buying. A one ounce coin at $800 should be easy to sell when gold is $2000. Almost any good coin shop will be able to buy it, and the money is small enough you might feel okay taking a check. So you can sell it on short notice at dozens if not hundreds of places. You could take it on vacation, and sell it when you needed to, or when the price was right. A 10 ounce bar would be worth $20,000. That may mean tax reporting requirements, and your local gold dealer on the street corner may not have that much cash. There still should be a bunch of places, but you may need to drive more, and thier hours may be limited. A 100 ounce bar would be $200,000. Which if you were selling to anything other than the main bank location in a large city, you would have to give about 3 days notice. Also, they many want to assay or inspect the bar. With 3 days, you may miss the price you want. Also, what do you do with a 100 ounce bar if you only want to sell 20 ounces of it ? Now you would need to do another transaction to buy the 80 ounces - if you can find them. If you are selling near a short term top, you can bet the other 80 will be hard to get. Someone might knock you in the head to grab a 10 ounce bar. For a 100 ounce bar, some people might be willing to kill. ****** I went through this with a 100 ounce bar of silver. Good news, no one will kill for silver yet ;-) 100 troy ounces is 7 pounds, don't drop it on your foot is not a joke... The divisibility (wrong word) of coins is really worth it. You might also want to consider some 1/2, 1/4 or 1/10 ounce, if the premium for the smaller size is not too high.