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
I had an employer recently that wanted to pay me in gold coins. I said no.
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.
“Silver bars from the 80s 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.