Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Gold Bug

LinkBack Thread Tools
Old 08-12-2012, 01:01 PM   #1
Fly on the wall
Join Date: Jun 2012
Posts: 81
Liked: 31 times
Buying gold with assay. Worth it?

I'm going to start buying more gold to go with my silver. Is it worth buying gold in the tamper-proof packages with the certified assay? Does an assay add any value? That's the idea behind it, I suppose, but in reality I suspect it doesn't really make much difference to the value of the metal. And since the premiums are higher for the assayed metal, it's probably a waste of money.
Cybrsk8r is offline   Reply With Quote
Old 08-12-2012, 01:49 PM   #2
Yellow Jacket
ancona's Avatar
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
As long as there isn't a big premium for getting it, I would say it is probably a good thing. However, you can buy American gold coins in worn or well circulated condition for pretty low premiums, and they are instantly recognized for what they are. They come in all sorts of sizes as well.
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 08-12-2012, 01:53 PM   #3
Big-eyed bug
Unobtanium's Avatar
Join Date: Nov 2011
Posts: 451
Liked: 344 times
Welcome Cybrsk8r, and as far as your question: What ancona said above.
Unobtanium is offline   Reply With Quote
Old 08-12-2012, 04:57 PM   #4
Predaceous stink bug
Join Date: Apr 2012
Posts: 192
Liked: 134 times
If you're going to buy Au Bars,Pamp,Credit Suisse, seems they sell better & for more $$ if they're in the original Assay Cards.
Coins are pretty self explanatory.Hope this helps.

BigJim is offline   Reply With Quote
Old 08-13-2012, 09:56 AM   #5
Golden Cockroach
PMBug's Avatar
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,103
Liked: 2456 times
If you buy a bar/ingot without an assay, you might have more difficulty selling it again in the future - especially if you try to sell it somewhere other than where you bought it (assuming you save the receipt). The prospective buyer may want to the bar assayed to ensure that it's not a fake, so you may end up paying for an assay anyway at some point.

Govt coins generally avoid this problem, but have other considerations.
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is online now   Reply With Quote

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
China Still Buying Gold white&yellow999 Gold Bug 18 04-09-2013 08:17 AM
Central banks buying gold PMBug Gold Bug 80 09-26-2012 10:55 AM
[PDF] Goldmoney: The Ultimate Guide To Buying Gold swissaustrian Gold Bug 0 07-11-2012 05:09 PM
Buying Sizes of Gold 69mach351 Gold Bug 16 06-12-2012 04:26 PM
Link to find out how much your worth dead Penn STS 1 04-19-2012 10:14 AM

All times are GMT -5. The time now is 04:16 PM.

Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of copyright © 2011 - 2019 Measuring Up. All Rights Reserved.