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How to and best place to buy gold.

Posted on 09/20/2012 6:40:22 AM PDT by meeps

Need advise on how to buy gold.


TOPICS:
KEYWORDS: gold
Can anyone provide tips and information on how and where to buy gold?
1 posted on 09/20/2012 6:40:28 AM PDT by meeps
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To: meeps

APMEX.com


2 posted on 09/20/2012 6:41:16 AM PDT by Fred911 (YOU GET WHAT YOU ACCEPT)
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To: meeps

placemarker


3 posted on 09/20/2012 6:41:54 AM PDT by aMorePerfectUnion (Sorry, gone rogue, gone Galt, gone international. Gone.)
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To: meeps

Look in the local Yellow Pages under categories like “Gold”, “Jewelry” and “Rare Coins” for a local dealer.

Pay cash.


4 posted on 09/20/2012 6:43:34 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: meeps

Provident Metals. Lower premiums than APMEX and very good service.


5 posted on 09/20/2012 6:45:09 AM PDT by GnL
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To: meeps

Don’t.


6 posted on 09/20/2012 6:46:01 AM PDT by SgtHooper (The last thing I want to do is hurt you. But it's still on the list.)
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To: meeps
Weird, had a dream about buying gold last night.
7 posted on 09/20/2012 6:46:18 AM PDT by Envisioning (Call me a racist........, one more time..........)
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To: meeps

Wherever you buy check the prices against the current market prices at somewhere like http://www.monex.com/liveprices. If you are lucky you can buy form an individual at the spot price or a bit more. The commodity prices are much higher.


8 posted on 09/20/2012 6:46:23 AM PDT by mountainlion (Live well for those that did not make it back.)
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To: meeps

Also, where do people keep their gold if they have investment quantities, i.e. more than a shoebox of coins? What secure storage is there that can be trusted to not be running a fractional reserve scam with clients assets?


9 posted on 09/20/2012 6:49:54 AM PDT by Paine in the Neck (Socialism consumes everything)
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To: Fred911
I second that - APMEX.com. I've made several purchases from them with no problem whatsoever. They provide reasonable mark-ups and occasional special pricing. Their shipping is fast.

Here are the shipping, handling and insurance costs:

•$12.95 (USD) for orders of $50.00 - $249.99 (USD)
•$19.95 (USD) for orders of $250.00 - $999.99 (USD)
•$24.95 (USD) for orders of $1000.00 - $24999.99 (USD)
•Free for orders of $25,000 (USD) and over

10 posted on 09/20/2012 6:50:45 AM PDT by Dr. Thorne (Democrats - The Treasonous Pervert Party)
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To: Paine in the Neck

If you’ve got more than a shoebox of coins you should be able to afford a good safe and have it properly attached to a large piece of concrete.


11 posted on 09/20/2012 6:52:54 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: meeps

I have found this website to be a very useful source of information on the economy, gold, and silver.

http://goldismoney.info/forums/


12 posted on 09/20/2012 6:56:14 AM PDT by Silver Sabre
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To: meeps

Stay away from the Tungsten.


13 posted on 09/20/2012 6:57:50 AM PDT by THE UNDISPUTED TRUTH (Islam: the original killer app)
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To: Paine in the Neck
"Also, where do people keep their gold if they have investment quantities, i.e. more than a shoebox of coins? What secure storage is there that can be trusted to not be running a fractional reserve scam with clients assets?"

I keep my gold with other items that are worth their weight in gold. In my gun safe.

14 posted on 09/20/2012 7:01:26 AM PDT by mosaicwolf (Strength and Honor)
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To: THE UNDISPUTED TRUTH
I bought some tungsten bars recently, but I became suspicious about them. So I drilled into one and checked.

It turns out that they were not pure tungsten; they were filled with gold.

Bummer.

15 posted on 09/20/2012 7:01:40 AM PDT by Erasmus (Zwischen des Teufels und des tiefen, blauen Meers)
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To: Paine in the Neck
Also, where do people keep their gold if they have investment quantities, i.e. more than a shoebox of coins?

A shoe box will easily hold 500 oz or ~ $850,000.
What do you call investment quantities?

16 posted on 09/20/2012 7:04:31 AM PDT by Politically Correct (A member of the rabble in good standing)
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To: DuncanWaring

I didn’t mean to imply that I was looking for a storage alternative to a shoebox or a pvc pipe buried in the garden. Obviously a safe would be involved for moderate, in-home quantities. I was thinking more of what people with $1 million plus in tangible gold do for storage. It seems that off-site, secured vault service of some kind would be preferable but I hear so many stories of the gold not actually being there or being dilluted with tungsten.


17 posted on 09/20/2012 7:05:16 AM PDT by Paine in the Neck (Socialism consumes everything)
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To: meeps

Buy ‘junk’ gold coins.

They are easier to sell, in small denominations.

There is also some numismatic value, although that will deteriorate when TSHTF.

If discovered by the government - and purchases are tracked - they will not be likely to be confiscated as gold was under FDR, since they are collectibles and not hordes gold.


18 posted on 09/20/2012 7:08:22 AM PDT by Bon mots (When seconds count, the police are just minutes away...)
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To: Erasmus
I bought some tungsten bars recently, but I became suspicious about them. So I drilled into one and checked.

Where do you buy your drill bits?

19 posted on 09/20/2012 7:09:01 AM PDT by tacticalogic ("Oh, bother!" said Pooh, as he chambered his last round.)
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To: meeps

hordes = hoarded (Autospell fixer on my new Mac... G-r-r-r-r-r)!


20 posted on 09/20/2012 7:09:08 AM PDT by Bon mots (When seconds count, the police are just minutes away...)
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To: Politically Correct
A shoe box will easily hold 500 oz or ~ $850,000.
What do you call investment quantities?

I know. That's why I said shoebox, to indicate the approximate level.

21 posted on 09/20/2012 7:12:31 AM PDT by Paine in the Neck (Socialism consumes everything)
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To: meeps

jmbullion.com is my favorite. If you join the Members Brigade at thesurvivalpodcast.com, you get a discount.


22 posted on 09/20/2012 7:13:04 AM PDT by backwoods-engineer (My game is disruption. I will use lethal force --my vote-- in self-defense against Obama.)
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To: meeps

Remember, when you buy gold, you are betting on long term inflation. If it turns out to be deflation, you lose.


23 posted on 09/20/2012 7:14:17 AM PDT by WILLIALAL
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To: Paine in the Neck

A standard gun safe will easily hold several shoeboxes, with plenty of room left for several guns.

If you don’t like that, my next suggestion would be a safe-deposit box at a bank.


24 posted on 09/20/2012 7:30:05 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: meeps

one of the best ways is this one:

http://www.perthmint.com.au/investment_certificate.aspx

The gold is stored in a fault in Australia,
guaranteed by the Aussie gov.


25 posted on 09/20/2012 7:30:30 AM PDT by indpndtguy
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To: meeps
Yesterday there was an article on Drudge that "fake" gold bars have shown up at super-reputable gold selling stores.

Therefore....NO PLACE IS SAFE TO BUY GOLD,IMO, without some kind of sophisticated authentication that your gold is really gold and not mostly tungsten

Fake Gold Bars

...I like Mercury Dimes and "war nickles". Mercury dimes are 90% silver, are real US money and absolutely cannot be mistaken for anything else. If they are worn and dirty, they are probably not fake...Dimes are a small enough denomination that they will be more useful than a 1 oz gold bar WTSHTF. War nickles are 40% silver, but can be mistaken for last generation nickles if you are not paying attention since the design is the same .

..gold gives me the shivers. It is has little commercial value other than reflective coatings and plating for components which need to be oxide free.

I would say, however, if you bought .1 oz eagles would be better than big bars since if the objective here is a "store of value" small units would be more useful in "trade" than having to saw off a piece of your big bar in order to "buy" a loaf of bread.

26 posted on 09/20/2012 7:38:02 AM PDT by B.O. Plenty (Elections have consequences....)
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To: meeps

For both “junk” coins and bullion, I’ve found this outfit to be reliable:
http://www.providentmetals.com/


27 posted on 09/20/2012 7:42:17 AM PDT by Rio (Tempis fugit.)
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To: WILLIALAL
Remember, when you buy gold, you are betting on long term inflation. If it turns out to be deflation, you lose.

This is a common misconception.
You have to get over thinking about gold in terms of dollars. An ounce of gold is just an ounce of gold. It is a store of wealth and not an investment. There is no significant appreciation or depreciation over the long haul. Although there can be significant gains or losses in the short term.
As I was telling my brother in law just the other day, an ounce of gold will buy a good mens suit. It's a pretty good approximation. Inflation, or deflation an ounce will still buy a good mens suit.

28 posted on 09/20/2012 7:44:16 AM PDT by Politically Correct (A member of the rabble in good standing)
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To: meeps

you can buy it today ... GLD is the symbol. In your brokerage acct.

if you insist on taking physical possession, sell the GLD when you get your real gold.


29 posted on 09/20/2012 7:44:22 AM PDT by campaignPete R-CT (and we are still campaigning for local conservatives in central CT.)
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To: meeps

best place I know:
http://www.tulving.com/goldbull.html#silver


30 posted on 09/20/2012 7:49:33 AM PDT by TexasPaul
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To: meeps

www.providentmetals.com

Lowest over spot price I have found to date.

Personally - I am buying more silver though. Silver and Gold go hand in hand together usually.


31 posted on 09/20/2012 7:55:45 AM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: GnL

Bingo - Provident always delivers on time and have never had a problem. Just wish I had more $$$$ to buy more.


32 posted on 09/20/2012 7:57:39 AM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: meeps

Vital items that are easily bartered will be equal to gold if/when God gives us our long-deserved humbling.

Candles, cooking and heating oil, ammo, guns, seeds, beans, non-electric tools.


33 posted on 09/20/2012 7:59:24 AM PDT by lurk
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ping


34 posted on 09/20/2012 8:01:42 AM PDT by ponygirl (Be Breitbart.)
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To: Bon mots
Buy ‘junk’ gold coins. They are easier to sell, in small denominations.

A few years ago we had some 'junk' silver coins from Vegas casinos and the like.....our local coin dealer wouldn't touch 'em with a ten foot pole.

35 posted on 09/20/2012 8:01:57 AM PDT by ErnBatavia (0bamao sucks....Romney sucks a little bit less - but that's about it.)
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To: GlockThe Vote
www.providentmetals.com

Their current price for junk silver coins is a about 4% over the spot price. I have a local coin dealer where I can get them for 1% over spot.

Regardless of where you buy them, include the premium for buying/selling them and shipping costs in your evaluation.

36 posted on 09/20/2012 8:08:47 AM PDT by jda ("Righteousness exalts a nation . . .")
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To: meeps

Read the forums at kitco.com and zerohedge.com for market information. Try bulliondirect.com, but provident is really good too. Bullion direct allows you to buy small quantities and hold them, then trade them for a different product or ship them all together, which saves on ship/handling fees. There’s a tutorial on their site that explains how to do it.


37 posted on 09/20/2012 8:10:23 AM PDT by ponygirl (Be Breitbart.)
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To: ponygirl

I should correct what I meant by “trade.” It’s not a direct swap, but you can resell your stash and buy something different without taking possession.


38 posted on 09/20/2012 8:13:39 AM PDT by ponygirl (Be Breitbart.)
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To: B.O. Plenty
without some kind of sophisticated authentication that your gold is really gold and not mostly tungsten

Not really all that sophisticated. The speed of sound in gold and tungsten is significantly different (more than 50% faster in tungsten), so an ultrasonic tester would show the difference quickly. Similarly they have different electrical resistivities, so tungsten could be detected electrically.

Anyone who owns gold bars should be able to easily afford the equipment to test them, so if they aren't testing their gold it is likely because they wish to be willfully ignorant of the tungsten problem.

39 posted on 09/20/2012 8:29:33 AM PDT by KarlInOhio ("Government is the only thing that we all belong to"=implicit repeal of the 13th amendment for all.)
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To: meeps

Buy fractional; 10th, quarter half. Gainesville gold is a good place to buy or APMX.


40 posted on 09/20/2012 8:30:43 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: meeps

For buying new, old, or collectable gold or silver coins I have found SCI to be very competitive and good folks with a well laid out catalog.

That’s:

Southern Coin Investments
P.O. Box 720714
Atlanta, GA 30358

www.southerncoin.com

770 383-8000


41 posted on 09/20/2012 8:35:29 AM PDT by Monterrosa-24 (...even more American that a French bikini and a Russian AK-47.)
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To: Paine in the Neck
Also, where do people keep their gold if they have investment quantities, i.e. more than a shoebox of coins? What secure storage is there that can be trusted to not be running a fractional reserve scam with clients assets?

do you know how much a shoebox full of gold weighs??

buy a good safe, and bolt it securely to your foundation. then build a wall over it and you dont have to worry about someone else holding your assets
42 posted on 09/20/2012 8:43:52 AM PDT by wafflehouse (RE-ELECT NO ONE !)
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To: meeps
Can anyone provide tips and information on how and where to buy gold?

the best way is to go visit your local coin shop. even better is to visit 2 or 3 or so, and see how they treat you, what their prices are, etc. definitely do some comparison shopping.

i have always gotten the best deals locally. and, if you are buying in quantity and are on friendly terms, they may cut you a break in price also.
43 posted on 09/20/2012 8:46:58 AM PDT by wafflehouse (RE-ELECT NO ONE !)
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To: Politically Correct
You have to get over thinking about gold in terms of dollars. An ounce of gold is just an ounce of gold. It is a store of wealth and not an investment.

You know, even after all the "SHTF talk" and hedging your other investments with gold, the "store of wealth" is still relative to what humans value in a given situation.

If people are starving, and have no food, they cannot eat gold. In such a case, a bag of grain might be more valuable.

If someone has an infection, they cannot inject themselves with gold; they cannot swallow a gold coin and cure themselves. In such a case, an anti-biotic is more valuable.

If someone wants to build a shelter, and all they have is an electric circular saw but no electricity, gold will not magically produce energy. In such a case, a handsaw is more valuable.

Why do we value gold, as a store of wealth?

44 posted on 09/20/2012 9:02:17 AM PDT by Lou L (Health "insurance" is NOT the same as health "care")
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To: Lou L

“Why do we value gold, as a store of wealth?”

Because $100,000 in gold is easier to carry around than $100,000 in handsaws.


45 posted on 09/20/2012 9:35:46 AM PDT by running_dog_lackey
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To: meeps

“Can anyone provide tips and information on how and where to buy gold?”

The US government cannot confiscate what it doesn’t know about. If that sounds reasonable, then discreetly buy gold coins at coin shows held in the bigger cities. Check out http://www.coinshows.com/ to find shows near you. Walk in, buy numismatic or bullion coins, pay in cash, no receipts, walk out. FUBO!


46 posted on 09/20/2012 10:06:08 AM PDT by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: Lou L
You know, even after all the "SHTF talk" and hedging your other investments with gold, the "store of wealth" is still relative to what humans value in a given situation.

{Snip}

You're talking about the zombie apocalypse and I'm just talking about a currency collapse.

Lots of chaos initially in both so yes you need a plan to barter and protect yourself and loved ones. When a new currency is in place and things come back to a more normal state then the gold will have protected your wealth.

For the zombie apocalypse gold will not be particularly useful.

The ratio of gold to survival items will be determined by your available funds. Most here will be better served with survival items. A small percent will also have significant wealth to protect. If it's just an economic rough patch then having those people come thru on the other side with wealth intact will be a big help in rebuilding our infrastructure and businesses.

47 posted on 09/20/2012 1:08:30 PM PDT by Politically Correct (A member of the rabble in good standing)
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To: meeps
I'm from the government, and I'm here to confiscate re-distribute your gold, for the common good.


48 posted on 09/20/2012 2:05:32 PM PDT by deoetdoctrinae (Gun free zones are playgrounds for felons.)
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To: tacticalogic
Where do you buy your drill bits?

Perkin-Elmer.

≤}B^)

49 posted on 09/21/2012 10:36:37 AM PDT by Erasmus (Zwischen des Teufels und des tiefen, blauen Meers)
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