Posted on 02/26/2022 8:32:53 AM PST by LouAvul
Not interested in an investment. It's purely for the sake of just having some gold.
Now is not the time to buy it, but, I've heard of people buying gold from dealers, and later discover it's not real.
I understand the difference between spot price and market price, but a couple of stores have been recommended.
Tulsa Gold and Silver. For example.
My question is, can such a place be trusted?
The problem with ammo is that it has to be stored. Think about it this way:
A Double-Eagle is about the size of quarter, and it can be carried just as easily and anonymously.
How much effort will be required to carry $1900 worth of ammo?
If you have too much, then you will be forced to defend it. What did Patton say about Fortified Defenses?
Interesting point,
Thanks.
I have bought silver from J M bullion and Kitco. Both are very reputable.
I have a friend from high school who has owned several gold and silver businesses. And he showed me how to use a specific gravity test to verify that silver is indeed silver. You could get what you need to make the gadget for about 15 or $20. There are multiple tutorials on YouTube on how to construct and use such a device. It’s really quite easy.
I’ve only done it with silver, but I understand that the same process can be used with gold. Although I’m guessing with one tenth of an ounce coins it’s hard to be sufficiently precise.
Yep.
APMEX endorsed by Dan Celia Christian financial advisor.
That’s the way I’d go.
How many bad guys are you going to bring down with your gold quarter?
Ammo is fungible and functional.
Fidn two recommneded dealers. Go to one dealer and get the price for an ounce of Gold. Immediately call the other dealer and say you want to sell an ounce of Gold.
You’ll learn how much you are getting screwed.
Next, buy a gold pan, heh.
I have 20 Krugerrands I inherited from my Father he bought in the 70s. I'm looking to sell 10, but don't know where to go. You can buy gold anywhere, but I don't know where to sell for best price. Any suggestions?
Yeah, well, I want a pony.
My second-best gold investment was my wedding band from my first marriage. It’s half an ounce and I paid $90 for it.
My best gold acquisition is the half an ounce I panned.
But ammo has to be defended, and that price will be in blood. There is always a bigger fish.
Unless they have a metal detector, nobody will know how much gold I will be carrying. And I could easily carry $100k while still looking like a common, unwashed peasant.
When I order from dome of the companies mentioned by others here, the coins come in a box with return address of ‘Auto Parts Warehouse’.
Forget ebay as a source.
If you are going to try to buy from other than a recognized PM dealer, get some equipment to check the purity of the gold, like what a pawn shop uses. Sure, it is expensive, but getting scammed is a whole lot more expensive.
There are,maybe, a half a dozen PM dealers I would trust, but None are pawn shops or local dealers.
All PMs are always sold priced as to melt value unless you start paying a premium for collector value, the Kitco price is melt value, you pay a handling premium over that, it runs about $130 (or so) on an oz of gold. They will buy your gold for melt value, sometimes a little more.
Gold is NOT an investment, it is a store of wealth, nothing more.
Most accurate quote of the entire thread! Worthy of emphasis!
Contact Texas Precious Metals if you want to sell. They have published buy/sell prices and are a good as you will find.
Look them up.
“And I could easily carry $100k while still looking like a common, unwashed peasant.”
The problem is, if there is a collapse, no one will want it. Its price will drop to nothing in days.
Lou - also a Tulsan here. I sold some collectible coins with Tulsa Gold & Silver when I was settling a relative’s estate and found them to be very easy to deal with then. As to purchasing, I believe you’ll find their price probably above some of the sources noted here, like AMPEX and JM Bullion. It’s all about covering trading and shipping costs so the closer to the source you get for purchasing, you pay less layers of handling costs.
Exactly. Thanks for understanding my point. Some of the advice and snarky comments posted, I expected. It is, after all, freerepublic.
But comments such as yours are appreciated.
Now IS the time to buy gold as an investment...unless you are confident in Biden’s ability to bring the economy back.
You made 700% on the purchase... if you still have them
Hey, April Fools Day is still more than a month away.
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