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To: PotatoHeadMick

when people say “buy gold”...what exactly do they mean?

Buy where? Sell it where? I mean do you buy bars of gold or silver at a store or a bank and then go back to the store or bank and sell them.

I would like to know the exact logistics of precious metals. I’ve got gold coins from my grandfather and father. Silver bars from the 80’s that my parents bought and just have in a safety deposit box.

I don’t even know where they bought the bars.

I know that this may be a dumb question, but just direct me to a web site so that I might educate myself. but I’d also like the personal input from a fellow Freeper versed in this type of activity.

thanks


3 posted on 01/17/2008 7:45:47 PM PST by Dick Vomer (liberals suck....... but it depends on what your definition of the word "suck" is.,)
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To: Dick Vomer

I had an employer recently that wanted to pay me in gold coins. I said no.


6 posted on 01/17/2008 8:01:19 PM PST by Bear_Slayer (When liberty is outlawed only outlaws will have liberty.)
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To: Dick Vomer

http://www.usagold.com/ (you can buy from these guys and also ask questions in the forum)

http://www.southwesterngold.com (I use these guys. Ask for Phil. They will buy or sell.)

http://www.gold-eagle.com (check out the forum for information)

http://www.lemetropolecafe.com (try a two week subscription for free)

http://www.goldensextant.com/ (nice financial articles)

http://www.ebay.com (search term = gold or silver coin)

http://www.kitco.com (check out the live quote page and the forum)

That is just for starters.


7 posted on 01/17/2008 8:04:45 PM PST by Chewbacca (Vote Ron Paul for President in 2008!!!!!! The best man for the job!)
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To: Dick Vomer

“Silver bars from the 80’s that my parents bought and just have in a safety deposit box.”

FYI, When the bank goes under you won’t be able to get to your safety box.


12 posted on 01/17/2008 8:37:45 PM PST by CJ Wolf
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