Gold at spot
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Thread: Gold at spot

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  1. #1

    Jan 2016
    421
    866 times

    Gold at spot

    Nationwide Coin & Bullion is selling 1 and 1 only gold coin at spot to new customers as an introductory offer.
    I just bought a 1oz $50.00 gold eagle for $1945.00.
    They are legit
    (877)817-1220

  2. #2
    Charter Member
    us
    Feb 2008
    Great Lakes State
    dirtfishing
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    Quote Originally Posted by silveraddict View Post
    Nationwide Coin & Bullion is selling 1 and 1 only gold coin at spot to new customers as an introductory offer.
    I just bought a 1oz $50.00 gold eagle for $1945.00.
    They are legit
    (877)817-1220
    Darn if they’d only offer buffalos at that price.

  3. #3
    Charter Member
    us
    Dec 2008
    St. Augustine, FL
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    I'm with FFD. That would be a true representation - offering 1oz .999 fine 24KT gold buffalo at spot. Getting a 1oz 22KT gold eagle isn't really "at spot" as it is 91% pure. Still a good deal with no premium over spot.

  4. #4
    us
    Jan 2016
    South of Gunnison, Gold Basin
    F2
    2,076
    2489 times
    Prospecting
    I did that deal when it was $1150 an oz.
    They try to upsell you on a double eagle but other than that I got my gold. It used to be for 10 1/10th gold eagles.
    silveraddict likes this.

  5. #5
    us
    May 2016
    Chicago, IL
    50
    150 times
    All Types Of Treasure Hunting
    Diver_Down, how is the 1 oz gold eagle not at spot?
    A buffalo and an eagle have the same amount of gold.
    Are you saying .999 fine is superior to .91?
    This is subjective, the question of which is superior.

  6. #6
    Charter Member
    us
    Dec 2008
    St. Augustine, FL
    4,350
    1970 times
    Quote Originally Posted by jailbirdjackson View Post
    Diver_Down, how is the 1 oz gold eagle not at spot?
    A buffalo and an eagle have the same amount of gold.
    Are you saying .999 fine is superior to .91?
    This is subjective, the question of which is superior.
    Give me .999 fine everyday. Same amount is equal. But purity (24K > 22K) is preferred. If you had the choice of holding the same amount silver, would you rather have a mountain of 40%'ers, a pile of 90%'ers, or a stack of ASE?
    fistfulladirt likes this.

  7. #7
    us
    May 2016
    Chicago, IL
    50
    150 times
    All Types Of Treasure Hunting
    Quote Originally Posted by Diver_Down View Post
    Give me .999 fine everyday. Same amount is equal. But purity (24K > 22K) is preferred. If you had the choice of holding the same amount silver, would you rather have a mountain of 40%'ers, a pile of 90%'ers, or a stack of ASE?
    Not everyone has the same preferences here. I like 22k for it's appearance and durability. Gold Eagle and Krugerrand are my favorites. I like 90% junk silver more than ASE's. You can touch them and look at them without worrying that one fingerprint will reduce the value.
    fistfulladirt likes this.

  8. #8
    Charter Member
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    Feb 2008
    Great Lakes State
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    Quote Originally Posted by jailbirdjackson View Post
    Not everyone has the same preferences here. I like 22k for it's appearance and durability. Gold Eagle and Krugerrand are my favorites. I like 90% junk silver more than ASE's. You can touch them and look at them without worrying that one fingerprint will reduce the value.
    Yeah I hear that. I hate it after a day on the hills bmx’ing and I forget I’ve got a half dozen gold buffs bouncing around in my pocket, doh! /s
    Kantuckkeean likes this.

  9. #9
    us
    Jul 2013
    SoCal
    1,173
    356 times
    Garage Sales/ CRH
    Quote Originally Posted by Diver_Down View Post
    I'm with FFD. That would be a true representation - offering 1oz .999 fine 24KT gold buffalo at spot. Getting a 1oz 22KT gold eagle isn't really "at spot" as it is 91% pure. Still a good deal with no premium over spot.

    This is not true. It is important to remember that each coin contains one troy ounce of gold. Each coin contains the EXACT same amount of gold. A buffalo weighs 31.1 grams and is 99.99% pure. The gold eagle is composed of 1 ounce of pure gold, mixed with a combination of copper and silver. The actual weight of an AGE is 33.93 grams, and it is 91.67% pure. The place that is having this promotion IS in fact offering the gold at spot.

    Historically, eagles have carried the highest premium out of any gold coin. With prices so high, everything is trading at the same outrageous premium. Luckily I was able to pick up my nationwide ounce for $1700 a few months ago when gold hit $1850

    Sorry to correct you, but I think it is important to have the correct information here for people who are new to stacking/ the hobby who may be reading this post. I want to make sure they understand and have all the correct information.
    You're never know it all... Keep an open mind and keep learning.

    eBay Store: http://stores.ebay.com/jewelryandwatchoutlet

    ^ Putting myself through college, wish me luck

  10. #10
    Charter Member
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    Dec 2008
    St. Augustine, FL
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    Omega, thanks for the response. But you really should read all the responses before commenting as on August 27th my comment acknowledged the equal quantity.

  11. #11

    Dec 2003
    Porter Township, Western Schuylkill County, Pa.
    2 MINELAB EXPLORER SE PRO's .......3 Garrett Pro Pointers…… Sovereign XS-2 Pro ....... 2 Sovereign GT's
    72,734
    40183 times
    All Types Of Treasure Hunting
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    of course only My opinion. & we all know about Opinions

    because of the quick rise, and potential for a quick correction after November If the Republicans win,
    My guess They purchased them for 1500 0r less & are Profit Taking anyway.

    And if Things Go as expected, it will be at least 4 More years before gold could rise high enough for Gold Buyers to hand you a profit.

    Of course if there is a change of the Guard, in November there Is a Potential to make a killing;
    As the Stock Market Crashes out of fear By Late November, & we go into Full Blown Depression.
    You may be able to Buy a House , 3 car Garage, & 3 Cars for in it for that Ounce
    Or maybe even Buy the stock Exchange
    or a Tank of Gas & a Loaf of Bread.

    tuff Bet though.
    Last edited by jeff of pa; Aug 30, 2020 at 06:56 AM.
    port ewen ace likes this.

 

 

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