Skip to comments.Questions on the best way of buying Gold and Silver (Vanity)
Posted on 04/21/2010 10:00:36 AM PDT by BerserkPatriot
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Walk down almost any dark street in any poor section of a major city and tell everyone you see that you’re in the market for some gold and silver—and have the cash on you.
The sellers will find you. Or you may be approached by middlemen who will take your money and promise to return with the goods. Be prepared to wait for several hours.
Good advice, thank you all.
Some coin and bullion dealers have been showing up at the local shows and have some silver/gold to sell (coins and small ingots).
Another thought: go here www.coinshows.com and if any are reasonably near you, you might blow off a Sat-Sunday afternoon and $2-$3 admission to check out the waters, as it were.
Now this is coins, and if you want bullion, you do NOT want [rare] coins, you want JUNK coins. However, you’ll usually find a bullion dealer or two at a typical coin show. You do NOT want to pay for excellent condition. And above all, do not make the mistake of thinking that one coin can be both numismatic AND bullion: If you melt it down, it is no longer a fine coin. If you put in a display case, it isn’t bullion. One or the other, not both, do not add the values together!
Anyway...the exercise might give you an opening idea of what you’re dealing with, and you might make a contact or two. Coin show buys, you rarely pay sales tax and obviously no freight on small buys and you walk out with goods in your hand...but you DO need to know your values bec you’re not there with your computer.....unless you are mobile.
Worthwhile going to one or two, no question IMHO. Take note of how many gonzillions of silver dollars there are. That never fails to blow my mind.
You are right along with what I was saying. I think this is a pretty good course myself.
Do as you will, but I would NEVER EVER put cash or precious metals in a safe deposit box. Those are worthless except for documents. The gubmint controls the banks, so if the gubmint declares a "bank holiday" and closes the banks, you can't get to your PM's. Furthermore, the gubmint is quite capable of ordering the banks to seize any cash or PM's in safe deposit boxes, or at the minimum, open all of them and force the owners to explain to the IRS the source of said assets, and even tho you obtained them legitimately, do you want to be harassed by the IRS? There are any number of unpleasant scenarios that might ensue.
In short, anything you put in a safe deposit box is at the mercy of the Kenyan Marxist in the WH. You might be comfortable with that. I am not.
+1 for www.tulving.com
I have done business with them for awhile, and have been very happy. Also, best prices for PM’s I have been able to find anywhere.
Well if I were you, I would not state that on the internet.
If the marxists, and IRS want our silver they only have to get the records from the companies selling precious metals, and they can still come after it no matter what you do, but you just told them yours won’t be in your safe deposit box.
Truth is nothing is safe anywhere at the present time. That is the new normal.
Large white PVC pipe - about 10 inches across (whatever the big size is) with caps at each end, buried in the ground. Can’t burn, water can’t get in it.
Just remember where you buried it and make sure another trusted person knows, or write it in your will. Have some kind of mark that someone can recognize when they read description (or yourself - don’t forget where it is).
Safety deposit boxes are utterly worthless. Suppose the bank fails/gets taken over/there’s a bank holiday etc.
You can call it what you like, but the gubmint is definitely devaluing and debasing the currency, which is why gold and silver have been on the rise in terms of dollar value in recent years.
The gubmint doesn't have to "print money like crazy", since they don't spend the trillions with green folding money. They just create money that they don't have in gubmint accounts digitally to spend. Plus of course, they are continually borrowing way beyond the country's means to ever repay, and they know it.
This is what happens with fiat money that is backed by nothing except bad fiscal policy -- things eventually get out of control and the currency gets debased and devalued by power-mad and immoral politicians. And this is unfortunately the process we are observing and living in this country.
That is commonly stated all over the internet on many forums, particularly PM forums. Perhaps be slightly less paranoid ...
If a bank is taken over, it usually happens Friday after close of business, and reopens the next Monday, under a new name. Safe deposit boxes aren’t available around here on weekends anyway. As long as you use several different banks, it’s okay for most situations.
As far as where I keep my stash, I would not put that on the internet, where anyone including big brother could see it, if I were you. Now they know you don’t use the safe deposit box, and they’ll be digging up your yard.
Therefore, I am stating that I take my stuff to the safe deposit box, that’s my story, and I am sticking to it.LOL.
I’ll be less paranoid when the marxists, commies, socialists, and left wing radicals are weeded out of the government, and we have returned to fiscal sanity, and constitutional government.
What is going on in our country is like nothing I have ever seen or read about before, except maybe Germany. Only now do I begin to understand something I have puzzled about for years. How in the world was Hitler able to destroy the German Republic, and become a dictator?
This is just what I read, no personal experience! Plus they’d have to dig up quite a few acres.
Heres a link I heard about just today,
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heres one I have known about for a while,
I’ll check those out.
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