Posted: 10/19/2022 3:27:22 PM EST
[#2]
Quote History Quoted:What is your deal? IDGAF about AGE's over any other bullion, except it has some attributes (U.S. Sovereign, $50 minimum value, no reporting) that the market places a premium on, over and above the premium on other coins. The conversation was that "nobody cares about gold, even physical" to which I responded to about the much higher premiums currently. Those super high premiums ($220) are because there is far more demand for physical gold than the market can supply. I'm not buying anything at these premiums. AGE's also command a better price at sale, which makes most of the difference over other coins a moot point when considering it's other appeals. Buy Leafs, buy Rands, IDGAF. Your response to my response about premiums being ~$200 over spot was: and I called you out on your $1775 price, which at the time was only $100 over spot. Your place, Apmex, and my own place were all $220 over spot at that time for AGE's, and I asked you to provide a link to your price, which you failed to do. You're still reading, so I assume you saw me ask. I even provided a link to your place, that was $200 over spot for AGE's. It's STILL $200 over spot at your place. So you called me wrong, I proved myself right, you failed to defend yourself, AND you lumped me in with some imaginary group that exaggerates PM prices. FFS, a simple "sorry, I was wrong to say you're wrong" would have sufficed but no, you persist. View Quote View All Quotes View All Quotes Quote History Quoted:Quoted:
@Enzo300. Yes, reporting requirements are important, but the information presented, only makes your AGE fetish even more irrational. Austrian and British are consistently offered at less premium. They too, are exempt from reporting. Additionally, Canadian and Krugerands only trigger when selling 25 or more. All of these are as good as AGE, when purchased from reputable sellers. Are you really buying and selling that much?
Help me out. I feel like I’m missing part of the story here. What is your deal? IDGAF about AGE's over any other bullion, except it has some attributes (U.S. Sovereign, $50 minimum value, no reporting) that the market places a premium on, over and above the premium on other coins. The conversation was that "nobody cares about gold, even physical" to which I responded to about the much higher premiums currently. Those super high premiums ($220) are because there is far more demand for physical gold than the market can supply. I'm not buying anything at these premiums. AGE's also command a better price at sale, which makes most of the difference over other coins a moot point when considering it's other appeals. Buy Leafs, buy Rands, IDGAF. Your response to my response about premiums being ~$200 over spot was: Quoted:
Wrong. $1775 today. Free shipping, no tax. You’re off by more than $100. Why do people always exaggerate pm prices. Provident, fwiw. and I called you out on your $1775 price, which at the time was only $100 over spot. Your place, Apmex, and my own place were all $220 over spot at that time for AGE's, and I asked you to provide a link to your price, which you failed to do. You're still reading, so I assume you saw me ask. I even provided a link to your place, that was $200 over spot for AGE's. It's STILL $200 over spot at your place. So you called me wrong, I proved myself right, you failed to defend yourself, AND you lumped me in with some imaginary group that exaggerates PM prices. FFS, a simple "sorry, I was wrong to say you're wrong" would have sufficed but no, you persist. Thanks for the reply. I’m trying to get to the bottom of this, because as an occasional buyer; When someone types something that is 120% different from my own observation, I try to figure out who is wrong. If there is a valid reason why AGE’s are worth 5% more, I need to know it. As far as I can see from everything you’ve posted, one ounce of .999 gold is exactly the same whether it’s Austrian or British or AGE. You latched onto AGE in an attempt to prove yourself right. It’s silly. The premium on gold has been around 5% for as long as I can remember. AGE’s have always had an additional ~$90 premium, for some reason. Your theory was good, except for the fact that Aus and Brit share the same benefit. Here: https://www.providentmetals.com/2022-austrian-philharmonic-1-oz-gold-coin.html. The premium on gold is less than $100 or 5%. shipped, no tax. One can Make it more expensive by collecting numismatics, but that’s a different game.
|