Hello Steemies!
The purpose of this post is not to tell you how to save money to buy gold, but rather to point out that it can be more affordable than most people think. Most of the people I talk to about buying gold say, "It must be nice to have all that extra money to afford that!" But the truth is, I'm just a regular dude like most of you. As a tradesman I only generally work 6 months a year and I'm used to pinching pennies. (not that they exist anymore, at least not in Canada)
After reading up on several gold and silver posts in the last couple of weeks I was really starting to get itchy. I had a fever coming but tax returns are still going to be about a month away. I was going nuts looking at all of the silver and gold porn and I really needed to get my fix. I took a good look at my budget and my bank account and saw that I had a couple hundred dollars I could work with. (Tradesmen in my line of work rarely have employment from November through March) I decided that maybe I would go get @ladybug146 something silver for Valentine's Day. Maybe that would out with the stackitus.
As I write this post, gold is sitting at $1665 Canadian. I realize that will not inspire much of anyone to think that this is an affordable investment. But, just like cryptocurrencies you don't have to buy one ounce at a time. Maybe that's just the size we want to buy.
After selecting some fine pieces (I can't say what it's not Valentine's Day yet and I don't want to give anything away!) I looked at my metals dealer and asked, "Do you have any 1/10 gold pieces?" He took a look around as he didn't think so but it was my lucky day, "I have 1." After a bit of negotiating, and the fact that I'm a regular customer I was able to get the VD present and my little gold coin in on my budget!
Originally I was going to grab myself a 10oz silver bar but I was able to pick this up for about $40 cheaper than that. (10oz silver was going for $$231 Canadian)
Is that still a little too much for you? How about a 1/20oz or 1/25oz then?
These pieces were picked up for $85-$110
Yes, I hear your arguments that you pay a bit of premium for these coins. But if you don't have the ability to save up for a full 1oz bar these are options that are available. I have quite a few of these little gems and after a while they add up! The average price for those little guys is in between 3-4 silver Maples.
Still not convinced? Okay, I got one more option for you. The shop I go to,Aaron Buys Gold - In Sherwood Park (just outside of Edmonton, Alberta) as you can guess will buy your unwanted silver and gold. This is your bullion bars, coins or unwanted jewelry. (Yes, even broken jewelry!) He is not paying for your diamonds or rubies as he is not a gemologist but lots of the time I will pick up some gold trinkets on the way out the door! I love my trinkets!
I've spent as little as $20 up to maybe $75 for some of these trinkets. (price obviously varies with weight and percentage gold)
These are not brand new pieces and because I'm not buying them at a jewelry store I basically pay melt price. They are real gold. I've seen my stash of gold go up quite a bit by adding little pieces like these over the last 2 or 3 years. Aaron Buys Gold is on the RCM's list of reputable dealers so I feel safe buying there as I know he tests all the pieces he buys.
I hope by reading this you're able to see and believe that you can afford to collect gold! It isn't necessary to have $1600 Canadian to buy. There are smaller investment options as well! Over time you can have your own treasure chest full of gold as well!
Great detailed story that can be used for motivation for all or us stackers. It takes a positive attitude and the end result is a barter-able position for the future, keep up the great posts.....
Starting can be the hardest part. A positive attitude can go a long way and is needed a lot of the time. Mountains are climbed one step at a time. Stacks are built one piece at a time as well, especially in the beginning! I hope this will help a few people looking to start!
Yes sir! I pick up little gold's from time to time. And I love buying gold chains and pendants, rings etc. For cheap, I might add!
PS I like the little corvette pendant!
I loved that little corvette pendant as well and it was coming with me as soon as I saw it!
great story!! I like going to Aaron buy's gold, he's a good dude. And you are correct, looking at the local dealer for jewelry and trinkets is a great way to avoid retail prices and the crazy mark-up on mall stores. Not all scrap gold is actually scrap! And you don't pay for the gems because they don't either...passing the savings on. I have found some show stoppers for a good bargain there.
Show stoppers is an understatement! Lol
Cool runnings mon! And a well presented guide to how to join the rush on a budget.
I love those trinkets too! ...sigh...more pieces go on the master list lol
People on a budget don't always know how to start stacking. I thought it would be nice for some people who drool over some of the big box openings and only dream of being able to stack. A little bit here and a little bit there can seem like nothing at first, but with a little diligence and hard work everyone can stack!
I have to agree with you that gold is always a great buy.Personally have some gold but we don't even think of selling it or something.We keep it for ourselves and maybe even gonna buy some more whenever theres opportunity for that.
Thank you for contributing to the Steemit Community.Keep up the great work and I'm looking forward to your next posts.
Thanks for stopping by! Yes, gold is always a great buy and mine won't be for sale for about 30 years or so when I'm into retirement!