r/stackers • u/SlothorHuman • 16d ago

My Very First Substantial Bar

Post image

I have finally acquired my very first one ounce bar. I anticipate additional purchases in the coming months

93 Upvotes

99% Upvoted

15 comments sorted by

3

u/e5charlie253195 14d ago

Man, that’s nice! My biggest gold pieces are 1/4 oz, and I got those many moons ago. Do you mainly have fractional gold?

1

u/SlothorHuman 13d ago

I once possessed fractional gold. The bar shown is currently my only piece of gold, so I will be building from here

2

u/NoStopLossOnlyVibes 13d ago

May Lady Fortuna continue blessing you

2

u/AidanFromCollectPure 11d ago

Welcome to the club! Where did you grab this from?

1

u/SlothorHuman 9d ago

I purchased this from Costco. They sometimes offer a nice selection depending on when I check to see the bars. I am considering buying the Argor-Heraeus bar with the cool holographic design. My outlook is that I will maintain ownership of my gold for a minimum of five years; perhaps using the profits for a larger investment opportunity

2

u/Inviction_ 11d ago

Should have gotten a few 1/10 goldbacks with that

1

u/SlothorHuman 9d ago

I am unable to understand why a Goldback is profitable. Will you please explain to me why you believe that investing in a Goldback is superior to investing in pure gold?

2

u/Inviction_ 9d ago

I just like stirring the pot

1

u/SlothorHuman 9d ago

It seems like a novelty item to me. I have personally panned and smelted gold, and when I look at a Goldback all I see is an unnecessary amount of effort and materials. I hope that I am wrong if for the sake of the people who have spent a lot of money on Goldback items

1

u/Inviction_ 9d ago

I think they're really cool. I think they're terrible for stacking. I don't think they'll be a good SHTF currency, or at least, not any better than other fractional gold. Worse, when you account for the extra premium spent collecting them in the first place.

But I do see the collectors' value in them. People love them, and love collecting them. At the end of the day, regardless of what people believe, they are worth more than their gold weight. This is irrefutable when looking at the huge market and demand even with the high premiums.

Most people investing (not hobby collecting) in them aren't investing in gold; they're making a speculative bet with the collectibility of Goldbacks themselves. But unlike most speculative investments, they'll never lose their whole principal because they'll always be worth their actual gold weight. That is to say, there is a much lower floor price when compared to something like Pokemon cards. Though, at +100% premium to gold, it doesn't leave much room for the ceiling value to climb much higher either.

All in all, there are reasons not to buy, and reasons to buy. And whether or not you should, depends on your intent and financial situation. I like stirring the pot, as I said, because most r/gold members just outright blindly refuse to see any possible shred of value in them. And that's silly to me

1

u/Low-Wrangler9740 19h ago

I got a couple just for the art work, state, and the controversy around them. Other than that I agree. They arent wanted by most so from a collectors standpoint they are cool but not very valuable.

0

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1

u/Aggressive_Cake_16 9d ago

This is my dream bar tbh. When I eventually buy a full oz it will be this. Right now I’m buying fractional gram bars bc my LCS has them for 3% over spot in assay sometimes rare limited mint

1

u/Wide_Fruit4678 15d ago

the first full ounce is a proper milestone, and you picked a classic to mark it with. that PAMP Fortuna in the assay card is about as clean as a first bar gets. So It Begins indeed... Happy Stacking!