Buying eBay Gold

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It's pretty sad when the cheapest gold you can buy is through eBay instead of a traditional bullion dealer. That's where I found myself Thursday night. I was bored and browsing the internet, when I realized I hadn't started buying any 1g gold Valcambi bars to fill up the special wallet I bought for it. I have a Sigma, so it'll be easy and quick to test whether it's real or not.

(Created with Gemini)

The wallet has been sitting on my night stand for at least a month or two, so I need to start filling it. The wallet is designed to hold two bars per spot, with four rows and eight columns, holding a total of 32g of gold once it's full. Sure, the premiums are higher than if I bought a single ounce of gold, but it's a lot easier to sell a few grams of gold than one ounce at a time.

For me, the premium is worth it to have the flexibility. I highly doubt I'll find myself in a situation where I'm needing to barter or sell $4000 in gold to cover some unforeseen expense. If we're at the point where I can't put that on a credit card, then I likely have bigger problems to worry about.

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8 comments
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Is it even safe to keep such a wallet at your night stand?

Seems a bit open to me though...

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Normally I wouldn't keep it on the night stand, but right now it's empty. Once I start filling it up it'll go with the rest of the stack.

!BBH
!PIZZA
!ALIVE

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I've added fractional gold too realizing there is likely a trade off between necessity and practicality. Like there will be someone who will be determined want trade in gold rather than silver. I took a shortcut and got an entire package of 25x1g gold Micrograms especially when in-affordability of a One Ounce gold coin.
!PIMP

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Nice! I'm glad you got a good deal on it! These days the premiums on the Combi bars are pretty steep.

!BBH
!PIZZA
!ALIVE

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(Edited)

I figure Gold is a bargain under 9,000 Fiat Dollars per ounce… Currently, there are even better bargains than that…

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