Any problems with buying bulk gold in this manner?
 

http://cgi.ebay.com/3-DUTCH-1-Gm-Gram-9999-Gold-Bar-Bars-Istanbul-Ingot_W0QQitemZ260039386911QQihZ016QQcategoryZ39484QQrdZ1QQcmdZViewItem

Vs buying a 1 ounce bar, for about $600=/-
Seems like I just buy 29 of these things and I'm way ahead.

Any downside? Is this a reputable mint?

That's more money than I have. :D

Does the weight of the "bar" include the weight of the sticker on the backside?

Once you removed the sticker, you could make your own Goldschläger Schapps.

Don't think it includes the sticker. The Swiss ones don't have the sticker and go for about that. I'm just wondering if it makes more sense to buy a larger bar's vs these little ones.

There are only 3 available.

I own a few of these:
http://cgi.ebay.com/1-Oz-Credit-Suisse-Gold-Bullion-Bar-999-9-No-Reserve_W0QQitemZ250038603004QQihZ015QQcategoryZ39484QQrdZ1QQcmdZViewItem


I also have 5 100oz bars of silver Engelhard (was buying them in the $700 range a few months ago, I even told you guys to buy it but everybody was making fun of me)
http://cgi.ebay.com/100oz-SILVER-ENGELHARD-USA-FLAG-BULLION-BAR-HOT_W0QQitemZ120041683656QQihZ002QQcategoryZ39489QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

by the way, the one that you posted is not worth getting. I don't think you understand how small that is (9mm x 15mm). The ones that I posted above for 600 bucks are only 1 5/8 inches tall and 15/16 inches across. They are not even an inch across!!! The ones you are getting are probably the size of this "0" <----i'm exaggerating a little bit.

I was also buying these a few months ago for around 500 bucks. Now they are close to a 1000. This is a good way to invest also.....if the economy ever crashed our paper money would be worthless and then people would start using silver/gold coins. I don't plan on anything like that happening, although my investments in physical commodities have been doing awesome.

http://cgi.ebay.com/1000-Mercury-Dimes-US-90-COIN-SILVER-100-FACE-VALUE_W0QQitemZ330005769565QQihZ014QQcategoryZ11960QQrdZ1QQssPageNameZWD1VQQcmdZViewItem

Here is a quick and simplified version of when to buy commodities:

A good time is when there is some type of a crisis going on because the price will increase greatly. In other words, if the economy starts to drop people get nervous and start buying the world's oldest currency -- gold. If you know that a few hurricanes, depressions, or plagues are going to hit some of the more developed countries then you know gold is bound to rise. Usually silver has a tendency to move with gold. To reiterate, gold/silver tends to move in "uncertain" times in our economies.

Thanks a lot Kamil. I was thinking those are a bit small, I was outbid so no loss.

Anyway I am going to find a local coin/gold shop and buy from them. Gold coins seem to be the type of thing I want to hold. I don't want to pay much more than the spot price for gold this is an investment after all.

I'm a real estate guy I really don't like investing in the markets. After doing some reading and research I decided I want to hold 10% of my investments in gold/silver. Depending on how things go over the next few years it may be much more than 10%.

Why? I think the US dollar is going to tank in the next 5 years or so, and I want to use gold as a hedge.

I already have a 5 year plan to purchase $X of gold/silver per year.

i tried the whole coin store thing and found that ebay was cheaper.

this is a pretty good investment
http://cgi.ebay.com/100-FACE-VALUE-90-SILVER-DIMES-NR_W0QQitemZ320037976625QQihZ011QQcategoryZ39459QQrdZ1QQcmdZViewItem

you don't really want to buy few coins here and there....it always comes out cheaper to buy it in bulk. You are getting about 73 ounces of silver here so you are paying exactly what silver is trading at.....plus the coins atleast have a 100 dollar face value. :D

Who buys precious metals by units of area? Most people with any sense buy precious metals by mass.

B

Oh I know that....I was just trying to demonstrate to him how small the unit really is. I'm 100% sure that if he won the auction he would be extremely disappointed when the item would arrive. It is TINY!!! It's like this big █

Is it better to have an ounce of gold in a tiny cube or spread thinly over the dome of a cathedral? It's much bigger over the cathedral.

Exactly but it's NOT cost efficient to be buying one gram pieces of gold. Gold will need to move considerably in order for him to regain shipping costs on such little MASS.

Now you're providing useful information.

B