Glenn Beck is always screaming to “buy gold”. I called the Gold place he endorses and got the hard sell. I made a “verbal” purchase, and said I’d back it up with the cash or decide against the purchase within 24 hours. When I said no the guy went ballistic! Said I was the 1st guy ever to bow out of a deal. Nothing on paper and no actual obligation was made verbally. I’ll take the Spam an earlier post suggested. Great nuked with mayo and wonder bread!
Really difficult to buy and take delivery of large quantities of precious metals right now. A friend of mine who had the money to make a decent purchase and wanted delivery was basically given the bait and switch. Oh, you wanted delivery, well that's $500 more per 10 ounce bar (Palladium). He found out from another mint seller that what some dealers like to do is take an order for metals they know they cannot deliver and then get you to hedge even larger purchases. This occurs during a run up in prices, then when the prices come down you end up with a lot of margin calls. Eventually you have given them a lot of money and never actually held any metal in your hand. The strategy that I am starting to use is to make frequent small purchases whenever the price dips and whenever some metal coins are available. If you want physical metal, only purchase deliverable metals in stock ready to ship. You probably made the right move. Small purchases can be made on CC cards which include some buyer protection. And in the future when the feds go looking for gold so they can make some more pie, they are probably gonna look for the large purchases first.