I can only dream of owning gold. It's too expensive at this point.
Please come join my forum if you're not a trendy and agree with my points of view.
i was told i may have gotten a job at euro pac pm like 95% top candidate they said ... crossing my fingers lol
All paper money eventually returns to its real intrinsic value, zero. - Voltaire
to keep track of after its broken into pieces. I wouldnt want someone giving me back a little chunk of gold that I am likely to lose because it is so small. I like where their heads are at tho in making such a product.
they make a wallet for the item. one side holds the credit card and the other side holds the pieces,
I find these gold combi-bars intriguing, but there has to be a liquid market for them to use. Also, what is the buyback price of them?
Haven't decided if I want to offer them yet. I like the 90% silver bags as my barter coin. That is until we can't find them available any longer as supply is drying up. But there are still American Eagle and Canadian Maple Leaf silver coins available.
Like the concept of the Valcambi CombiBar though. I expect a local version by someone at some point.
Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!
The supply of junk silver is not drying up, it's just that the price of silver is low so they are refusing selling it without a huge premium.
Sorry but the supply is too drying up. My suppliers (I sell the stuff for a living) had 7 total bags between the two of them and are two of the largest suppliers in the U.S.
The premium has gone up, but still a better buy than most other silver coins. I could get the 90% junk the summer of last year at cost. Today I pay around a dollar over spot depending on which supplier I use.
If the supply was drying up it would mean people were melting the coins. People are merely holding onto them for when the price rises. I am waiting for the price to rise. If it goes down to $20 you better be damn sure that the premiums will make it more expensive than it is now. When it starts going back up, I bet around $35 you will see a full market. Most people try to play an investment game with it like stocks. These are your dealers. Very few people, like myself, are hoarding it as life savings. Then I see assholes on craigslist telling people that they will pay $16 an ounce for silver while there are other assholes on there saying their spot price is like $45.
How is one sure that the individual grams will all break off evenly and all weigh an exact gram?
I already have one, I bought it from my local coin dealer.
By the way, the company, Cambibar, also makes these 1 gram bars in Silver. One gram of Silver is about 1 U.S. dollar in value, currently.
I'm just saying, no one is going to sell these grams by weight, they are going to sell them as an exact gram.
To each his/her own, I suppose.
What happens when there's a million times more wee-little 1g "bars" floating around than the bigger "template" bars? I can imagine a lot of them getting lost (and at approx. $50 apiece -- current spot prices assumed -- losing one would be a non-minor pain).
Then use another metal such as silver. Yes, gimmicky, but at least its an option for the wallet. Coins seem more viable.
I agree with your assessment and will stick with coins (which I figure includes rounds & "junk").
Then again ... those Europeans sure are trendy. Ha.
Nice, but the greatest part of it was his suggestion that businesses can offer a separate line (or go to the front of it) for people who use gold, silver, or something tangible for purchases. Perhaps, businesses can offer more incentives? That is something that can immediately encourage the usage of gold and silver.
I predict these Gold and Silver Combi bars will catch on Big time in Europe first, and then the rest of the world.
Look for China to get involved in this action.
that was interesting. I bet he hated to take that bar apart, but it was nice of him to demonstrate it.
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