Posted on 03/07/2014 7:29:58 AM PST by Kaslin
I just purchased Ag from JM Bullion. VG experience.
I would suggest you find a trustworthy local retailer of coins, and buy bullion, not collectible, gold coins. These can be purchased in tenths of an ounce for a small premium over the spot price. Austrian Ducats, for example. I like tenths because you can actually use them to buy things, unlike the oz. coins that are worth $1300 or more.
You can carry a few in you wallet. I have found that like minded people are eager to trade for small denomination gold coins.
The problem with 1 oz rounds is that they are too big to trade with. Even at $1000 an oz. How often do you spend a grand at one time? How would you use a double eagle to buy a box of .22 LR, a wool shirt or a sack of beans?
There are slightly more than 32 troy ounces in a kilogram.
blatant manipulation this morning by the fed... as they’ve been doing for years
just before the open, a huge push to drive the price down.
http://www.paulcraigroberts.org/2013/04/04/the-assault-on-gold-paul-craig-roberts/
and more recently:
http://www.paulcraigroberts.org/2014/01/17/hows-whys-gold-price-manipulation/
“90% silver coins. I recommend buying from Apmex or Provident Metals”
+1 on ‘junk’ 90% silver and Apmex. I’ll check out Provident.
Why tell us? Go buy 'em your self and become a zillionair. Buy futures. Buy longs...But just go and do it.
Yes, I agree. I hestitated with this article earlier today because it seemed like an advertisement to me....a written infomercial, complete with website that takes you to a "free" item that it requires your name, email, and phone number to get to.
I'm still uncomfortable with this article.
I did not mean to imply any criticism of the poster.
I agree. Of the author. He’s subtle.
I have positions in all of them.....if you do not want to buy, be my guest.
Forgot to add.
Gd may increase from 1350 to 2000 or even 2700. 2700 would be a 100% increase from where we are.
Gold mining stocks would go up about 500% for this scenario, smaller caps going up much more. Unless one needs physical gold in their hands for peace of mind, look at going long the miners.
“BUY GOLD! Says a gold seller.”
Buy food! says the grocer.
Buy both, says I.
Goldbug ping.
Gold is insurance, but you don’t necessarily need a lot of insurance, or gold.
imo, you can go insurance broke, or gold broke.
Ok the world goes completely to hell. You’ve got a pocket full of gold coins. Are you the king or is someone stronger than you gonna take your coins?
The problem with 1 oz rounds is that they are too big to trade with. Even at $1000 an oz. How often do you spend a grand at one time?
1. I spend one grand at a time on rent, or paying off a bill with a major creditor.
2. For smaller purchases, one can prepay with a merchant for future purchases
3. One can run up a tab and pay it off when it reached $1000.
4. (This is a radical one) The merchant can make CHANGE?
Why do you assume that those who have 1 oz. gold coins don’t also have silver for smaller purchases?
Take the 17 trillion in debt we know we have.
Divide it by the 288 million ozs of gold they say we have, but nobody knows fer sure...
and you get:
$59,000 per oz (roughly)
And the paper keeps rolling off the presses. What, 2, 3 trillion per year?
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