I'm looking to buy some more gold for my collection and would like to buy some smaller weight pieces. In particular I was looking at the Canadian Maples and when I compared the price I would be paying much more for 1 oz of gold buying smaller coins then larger coins.
At current spot price Apmex is selling 1 oz coins at about 1350 USD.
http://www.apmex.com/product/9/1-oz-gold-canadian-maple-leaf-random-year
Their 1/20 oz coins (which I should need 20 of to make one oz) is ~90 USD per 1/20 oz which for 1 oz comes to a total of 1800.
Since gold is gold shouldn't they be the same price or am I missing something or doing something silly?
My main purpose for gold is as a backup if our paper currency fails. I feel it would be easier to use smaller denominations of gold vs larger ones.
At current spot price Apmex is selling 1 oz coins at about 1350 USD.
http://www.apmex.com/product/9/1-oz-gold-canadian-maple-leaf-random-year
Their 1/20 oz coins (which I should need 20 of to make one oz) is ~90 USD per 1/20 oz which for 1 oz comes to a total of 1800.
Since gold is gold shouldn't they be the same price or am I missing something or doing something silly?
My main purpose for gold is as a backup if our paper currency fails. I feel it would be easier to use smaller denominations of gold vs larger ones.