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Personal Finance and Investing

sweetapogee

(1,205 posts)

6. OK

Reply to 3Hotdogs (Reply #1)

Fri Feb 14, 2025, 01:41 PM

Feb 14

Thank you for taking the time to input. Maybe my OP question was a little disorganized, I'm looking at this from the perspective of savings not an investment per se. But to the premiums may I say on 1 oz gold the current premium on American Gold Eagles is roughly 4%, Canadian ML 3%, SA Krugerrand is 2.8% and a (PAMP) bar in assay is 2%. This is low I think because there is more selling right now than buying.

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amount of gold and silver in a portfolio [View all] sweetapogee Feb 14 OP

As I see it, the problem with physical gold is the buying and selling commissions. 3Hotdogs Feb 14 #1

Will the federal tax on the sales be part of the 20-30% commission? no_hypocrisy Feb 14 #2

Tax should be on the net profit. 3Hotdogs Feb 14 #3

And would it be separate from the commission fee? no_hypocrisy Feb 14 #4

OK sweetapogee Feb 14 #6

You would get hit with a higher premium when you sell because the gub'mint 3Hotdogs Feb 14 #7

Personally, I own gold and silver jewelry PoindexterOglethorpe Feb 14 #5

If a gold ETF is of interest to you, Bob Carlson of Retirement Watch recommends IAU progree Feb 14 #8

This message was self-deleted by its author Mosby Feb 17 #9

People think the prices are going to continue to climb, especially silver. Mosby Feb 17 #10

ok sweetapogee Feb 20 #11

I'm less cautious... Happy Hoosier Feb 25 #12

thank you so much sweetapogee Feb 25 #13

Sounds like you are well situated! Happy Hoosier Feb 25 #14

i think 3-5% ie enugh for gold in a portfolio. 0% for silver moonshinegnomie Mar 6 #15