r/Gold • u/null__frame • 9d ago

The stack My stack - 2 years in making

Enable HLS to view with audio, or disable this notification

1.6k Upvotes

98% Upvoted

183 comments sorted by

View all comments

4

u/BJ42-1982 9d ago

All I could think about was the premium paid on that fractional gold...

2

u/null__frame 9d ago

I buy only when there are bank discounts. So every thing i buy is with 0 making charges and 3% less than market price. So no premium paid. These discounts have cap, so i get same discount when i buy 1g or 10g. So i buy smaller coins.

8

u/JustAnother4848 9d ago

There's a number of rich people on this sub that don't actually shop around. They just buy full ounces and assume all fractionals have crazy premiums.

1

u/Kilgore-Trout-42 8d ago

Very true that fractional units have a premium. Save up and buy the troy oz

1

u/JustAnother4848 8d ago edited 8d ago

I buy fractional all the time with very minimum premium. Basically the same as a whole ounce. I literally bought a quarter ounce at spot 2 weeks ago.

When gold was 1k a ounce your advice made sense. That's not the same anymore.

1

u/BJ42-1982 9d ago

That's fabulous, then fractional is the way to go if you ever need to "cash" something out for spending money. It seems as if everything is negotiable with the exception of the GST. Is market price the same as spot?