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!