Yeah but it's only 1/3 the size of the big contract. So unless your broker is charging more than $9 for the COMEX contract I don't see the appeal. Plus the last time I looked the mini's had next to no volume. Has that changed?
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Gold...
- Thread starter dgmodel
- Start date
Yeah but it's only 1/3 the size of the big contract. So unless your broker is charging more than $9 for the COMEX contract I don't see the appeal. Plus the last time I looked the mini's had next to no volume. Has that changed?
Seriously, you'd probably get your best price by selling your bullion on ebay, even after paying ebay vig.
Alternatively, my fave bullion merchant is Tulving:
http://www.tulving.com/goldbull.html
He's got the tightest bid/ask spread around.
AJPM isn't bad either:
http://www.ajpm.com/htbin/gold.cgi
Alternatively, my fave bullion merchant is Tulving:
http://www.tulving.com/goldbull.html
He's got the tightest bid/ask spread around.
AJPM isn't bad either:
http://www.ajpm.com/htbin/gold.cgi
Back in April 1998, Buffett said in a speech, "It [gold] gets dug out of the ground in Africa or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."
Quote from m22au:
Another advantage of the mini gold is that, unlike it's big brother, there has not been a margin increase this year. 33.2 ounces for $270 overnight margin, versus $2000 for the 100 ounce contract
If you're worried about such a small difference in relative margin requirements you're probably undercapitalized.
Tighter spreads and depth of market in the biggie will decrease your transaction costs and should more than make up for any perceived margin disadvantage.
Regards,
Dr. Zhivodka
Quote from OPTIONAL777:
Back in April 1998, Buffett said in a speech, "It [gold] gets dug out of the ground in Africa or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."
Yeah right!
It has no utility as long as intrinsically worthless fiat currencies hold their relative value.
When they don't, it does.
Regards,
Dr. Zhivodka
Apparently, you're not very familiar with the philosophy of objectivism.