Buy 400 oz gold bar? Who will do that?
By scheng1
@scheng1 (24649)
Singapore
May 21, 2016 9:47pm CST
Most of us do not even have the spare cash to buy 1 oz gold bar.
It is hard to imagine how anyone can have the spare cash to buy 400 oz gold bar.
Yes, you have read correctly.
There are places where you can buy 400 oz pure gold bar.
What is the cost of the 400 oz pure gold bar?
The site in Kitco states that the selling price is 503,160.00 per gold bar.
If I have such money in the bank, I will not buy the gold bar. I will buy a house that I can rent for income.
It is better to have income generating asset than just have a gold bar sitting at home.
Perhaps when we work hard enough, we have the cash for a single 1 oz gold bar. There is no need to get more than that.
8 people like this
8 responses
@scheng1 (24649)
• Singapore
23 May 16
1 oz gold bar costs a lot of money already, not to mention a huge 400 oz gold bar.
I doubt I will want so many gold bars at home too.
They cannot produce income while you are holding on to them, and there is no guarantee that price will keep on going up.
@kaka135 (14994)
• Malaysia
22 May 16
Yes, I would also prefer to buy a house. But, I guess perhaps there are people who already have many properties, and they prefer to buy the gold bar?
Sometimes I do not understand why some people would prefer to buy a very expensive car, but prefer to stay in a small apartment or just rent the apartment. I guess different people just think differently. 
@scheng1 (24649)
• Singapore
23 May 16
I think when you have a big house, a few cars, and a lot of properties for rental, you will start to buy gold too.
I think gold is a good hedge against a bad government and a good hedge against inflation!
Those who can afford 400 oz gold bar will have to pay for the bank to safe keep it for them too.
