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/biz/ - Business & Finance

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56219294 No.56219294 [Reply] [Original]

let's say I buy a 1000g gold bar now what, I keep it and it hedges against inflation. Ok so let's say in 10 years I want to cash out how do I convert it to money I have to auction it? cut it up into pieces and sell each piece? or am I holding the gold bag forever?

>> No.56219302
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56219302

>>56219294
You sell it to a jew in a shady alleyway for a 20% hair cut.

>> No.56219325

>>56219294
every normal country has gold bullion dealers that buy and sell gold.

>> No.56219336

>>56219294
Bullion dealers, pawnshops, auctions, private buyers. Your choice. What a stupid fucking question and what a weak attempt at fudding PMs

>> No.56219350

>>56219336
a gold bar is worth like 85000 CAD , would you really take that to a pawnshop? I'm not asking about a little 1 gram stamp I'm asking about large investments.

>> No.56219374

>>56219350
vbce.ca

>> No.56219449

>>56219350
https://youtu.be/6IqED0MzDdE?si=-sG0isRODk9oRc0w

Personally I think you shouldn't even think about selling, it's tangible part of your net worth you can pass down through generations. Gold is more of a bridge between economic systems than a inflation hedge.

>> No.56219457

>>56219350
take it to a bullion dealer. as long as you're not in a small town in Romania you can find bullion dealers easily.

>> No.56220035

In London reputable bullion dealers will buy kilo bars for 1 or 2% under spot at the very worst.

>> No.56220195

>>56219325
Thanks, Rabbi.

>> No.56221101

why buy a kilo of gold when you could just buy ten 100 gram gold bars? easier to sell and you can space it out; plus you dont have to worry about reporting for tax reasons so long as under 10K USD

>> No.56221159

>>56219350
There is a reason wealthier people pay higher premiums for denominations that they can actually use.
Even having a bunch of 1 oz gold coins... hell even a single fucking gram of gold... in a world without an ever expanding credit market/ponzi scheme you won't be able to spend that everywhere.