Posted on 09/20/2012 6:40:22 AM PDT by meeps
Need advise on how to buy gold.
I know. That's why I said shoebox, to indicate the approximate level.
jmbullion.com is my favorite. If you join the Members Brigade at thesurvivalpodcast.com, you get a discount.
Remember, when you buy gold, you are betting on long term inflation. If it turns out to be deflation, you lose.
A standard gun safe will easily hold several shoeboxes, with plenty of room left for several guns.
If you don’t like that, my next suggestion would be a safe-deposit box at a bank.
one of the best ways is this one:
http://www.perthmint.com.au/investment_certificate.aspx
The gold is stored in a fault in Australia,
guaranteed by the Aussie gov.
Therefore....NO PLACE IS SAFE TO BUY GOLD,IMO, without some kind of sophisticated authentication that your gold is really gold and not mostly tungsten
...I like Mercury Dimes and "war nickles". Mercury dimes are 90% silver, are real US money and absolutely cannot be mistaken for anything else. If they are worn and dirty, they are probably not fake...Dimes are a small enough denomination that they will be more useful than a 1 oz gold bar WTSHTF. War nickles are 40% silver, but can be mistaken for last generation nickles if you are not paying attention since the design is the same .
..gold gives me the shivers. It is has little commercial value other than reflective coatings and plating for components which need to be oxide free.
I would say, however, if you bought .1 oz eagles would be better than big bars since if the objective here is a "store of value" small units would be more useful in "trade" than having to saw off a piece of your big bar in order to "buy" a loaf of bread.
For both “junk” coins and bullion, I’ve found this outfit to be reliable:
http://www.providentmetals.com/
This is a common misconception.
You have to get over thinking about gold in terms of dollars. An ounce of gold is just an ounce of gold. It is a store of wealth and not an investment. There is no significant appreciation or depreciation over the long haul. Although there can be significant gains or losses in the short term.
As I was telling my brother in law just the other day, an ounce of gold will buy a good mens suit. It's a pretty good approximation. Inflation, or deflation an ounce will still buy a good mens suit.
you can buy it today ... GLD is the symbol. In your brokerage acct.
if you insist on taking physical possession, sell the GLD when you get your real gold.
best place I know:
http://www.tulving.com/goldbull.html#silver
www.providentmetals.com
Lowest over spot price I have found to date.
Personally - I am buying more silver though. Silver and Gold go hand in hand together usually.
Bingo - Provident always delivers on time and have never had a problem. Just wish I had more $$$$ to buy more.
Vital items that are easily bartered will be equal to gold if/when God gives us our long-deserved humbling.
Candles, cooking and heating oil, ammo, guns, seeds, beans, non-electric tools.
ping
A few years ago we had some 'junk' silver coins from Vegas casinos and the like.....our local coin dealer wouldn't touch 'em with a ten foot pole.
Their current price for junk silver coins is a about 4% over the spot price. I have a local coin dealer where I can get them for 1% over spot.
Regardless of where you buy them, include the premium for buying/selling them and shipping costs in your evaluation.
Read the forums at kitco.com and zerohedge.com for market information. Try bulliondirect.com, but provident is really good too. Bullion direct allows you to buy small quantities and hold them, then trade them for a different product or ship them all together, which saves on ship/handling fees. There’s a tutorial on their site that explains how to do it.
I should correct what I meant by “trade.” It’s not a direct swap, but you can resell your stash and buy something different without taking possession.
Not really all that sophisticated. The speed of sound in gold and tungsten is significantly different (more than 50% faster in tungsten), so an ultrasonic tester would show the difference quickly. Similarly they have different electrical resistivities, so tungsten could be detected electrically.
Anyone who owns gold bars should be able to easily afford the equipment to test them, so if they aren't testing their gold it is likely because they wish to be willfully ignorant of the tungsten problem.
Buy fractional; 10th, quarter half. Gainesville gold is a good place to buy or APMX.
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