Posted on 11/05/2021 4:46:16 AM PDT by LouAvul
..for worst case scenario. Etc.
Spot price is market value at point of origin exclusive of mining costs, etc. I get it.
But where to buy in a metropolitan setting. "Fast Ernie's Gold Depot" is likely not a good place. Nor the local pawn shop.
Where, in the big city, to pick up a few ounces? How to price?
In ATL I have an old school precious metals and numismatics dealer that has been in business for 30+ years. Don’t know how to tell you to find something similar in your locale.
Do what I did: Look for a reputable coin dealer in your area and sit down to have a talk with them. I’m going to go back to the guy I spoke with this week, and bring my husband along.
I sought mine online, and you can read reviews if they have a good reputation. You can always call ahead, too.
On Line SD Bullion. Pretty much every On line company is relatively the same price. SD Bullion has the best Customer Service.
Stay away from Scottsdale Mint. I had horrible experience with a 6 week delay on my order.
Went through that years ago. Not too hard to buy it. Somewhat difficult to sell it...and risky. Too much value in a small item. Robbery/murder for it are risks, especially these days. Buy stock in companies mining gold (GOLD, AUY, NEM, KSC, etc.) or a streamer like Wheaton (WPM). Interestingly, with exploding inflation, the powers that be have manipulated some gold stocks down a bit...but they can not keep their finger in the dike much longer.
pssst! On a percentage basis, my supply of LEAD has increased in value more than gold over the past ten years.
Diversity is key for finances but do not overlook Bitcoin as a store of value and portable apex asset.
I suggest prioritizing bodily needs first. Durable clothing and enough food storage for five years.
I use JM Bullion mostly. I've also had great experiences with Kitco, but lately JM has had better prices and ship rates.
Exactly my thought, and the lead will help keep the gold.
I have bought American Eagles from bgasc metals in the past with no problems. This was for investment purposes not prepping purposes. I am currently investing in brass, lead and copper.
Not local but Silver Towne in Winchester Indiana is GTG.
Good Luck!
Saving for reference.
Wish I could - only have a few months of that
Just buy K-rands at a well-established coin collecting store. Most likely they’ll have to order them, so they’ll be holding your money for several weeks, but if they’ve been in business for 20 years, you’ll be fine.
Look for silver.
Try thrift shops.
Other than that, try brass and lead.
Be prepared to pay a premium over the spot price. For silver, it is about $10 + per coin last time I looked. Not sure what it is for gold.
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