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Is there any way to start buying fractional portions of gold? With the current prices per ounce I can't afford it, but could buy $200 per pay check or so. Is there any type of price difference if I just save up to buy per ounce?

Not sure how long the USD will be the the global primary currency.
 

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Is there any way to start buying fractional portions of gold? With the current prices per ounce I can't afford it, but could buy $200 per pay check or so. Is there any type of price difference if I just save up to buy per ounce?

Not sure how long the USD will be the the global primary currency.
You can buy fractional coins. Canadian and Austrian, probably some others. You can buy grams of gold. But if you buy ten 1/10 ounce coins, it’s going to cost more than one 1 ounce coin.
 

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Gee, the 1/10 oz and 1/4 oz US gold coins disappeared a long time ago...

There are smaller coins, (Randss, francs) that you might be ablee to find...
 

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You can buy fractional coins. Canadian and Austrian, probably some others. You can buy grams of gold. But if you buy ten 1/10 ounce coins, it’s going to cost more than one 1 ounce coin.
Probably some others…like US 1/10 ounce eagles. If you like your gold diluted.
 

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Is there any way to start buying fractional portions of gold? With the current prices per ounce I can't afford it, but could buy $200 per pay check or so. Is there any type of price difference if I just save up to buy per ounce?

Not sure how long the USD will be the the global primary currency.
You can buy fractional silver, too. Quarter ounce is the smallest I’ve seen. Same deal, though, more expensive than ounces.
 

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Discussion Starter · #13 ·
Thanks everyone. First, I do not use credit cards. They are evil, I try to cash flow everything!

I will just work towards saving a couple of grand at a time and buy full ounces of gold. Again, thanks for the info!
 

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Thanks everyone. First, I do not use credit cards. They are evil, I try to cash flow everything!

I will just work towards saving a couple of grand at a time and buy full ounces of gold. Again, thanks for the info!
I like silver better, because someday, it’ll be a lot easier to buy a chicken with an ounce of silver than with an ounce of gold.
 

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joe, I think you have the idea. I have been tussling with this myself and have settled on an ounce of gold at a time minimum because otherwise you get clobbered with high premiums. Silver is tricky because the premiums are elevated, but I see them being stubbornly high. So I try it on dips, although I have a certain minumum amount I am trying to accumulate even if it doesn't dip.
 

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Just checked the "In stock" section for gold on APMEX. Buying it by the gram is several hundred more per ounce, but the 5 and 10 gram bars came out to the same price as a full ounce. 1/4 oz coins were a bit higher.
 

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I like silver better, because someday, it’ll be a lot easier to buy a chicken with an ounce of silver than with an ounce of gold.
Thats my thinking. I have a few one once gold coins and have no idea how you would buy a small amount of food or other stuff with a 1 oz gold coin. I do have silver. Many old Ben Franklin coins and I can't remember if they are .50 or dollar coins plus some of the designer coins that weigh several ounces each. And a bag of silver dimes. Plus several of the plastic 20 count boxes that have one dollar silver coins. My dad bought all this stuff and I inherited it. Sometimes I wish it were just cash instead.

When he bought the gold coins they were $300 each. Now they are worth somewhere around $1,800.00 last time I looked. But they haven't gone up in buying power. The buying power of cash has just about disappeared.

I forgot to add that when I used to listen to Dave Ramsey on the radio he never promoted gold or silver for an emergency back up plan. He stated commodities were a better option. He said you were better off with cans of corn or beans, something you could swap for a commodity that you could use. If the world collapses gold, silver and cash will be worthless.

No way I would trade you some of my food supplies for a gold coin. You want some of my supply of dried Pinto Beans? You better have some ammo, whiskey or flour to swap for it. I can't eat your silly gold or silver.

A few days ago the battle of Stalingrad was mentioned. Those people were down to about a slice of bread a day for their daily food ration. I promise you they would have traded you a handful of gold coins for a full loaf of bread. By comparison gold had no value at all.
 

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Is there any way to start buying fractional portions of gold? With the current prices per ounce I can't afford it, but could buy $200 per pay check or so. Is there any type of price difference if I just save up to buy per ounce?

Not sure how long the USD will be the the global primary currency.
Yes, you can purchase fractional gold. it comes in 1/10th oz, 1/4 ounce, 1/2 ounce, or full ounces. While you do pay a premium over spot, if you can't afford a full ounce at a time, fractionals work well for getting started buying gold.
 

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Just checked the "In stock" section for gold on APMEX. Buying it by the gram is several hundred more per ounce, but the 5 and 10 gram bars came out to the same price as a full ounce. 1/4 oz coins were a bit higher.
1901 for a single Krand is the cheapest price for a 1 oz coin. 1/4oz eagles are 2520/oz, $619 per oz more.
 
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