buying gold

[earthyred]

looking for suggestions on how/where to buy gold-relatively small amounts or coins.
thanks susan

[Zeno Swijtink]

looking for suggestions on how/where to buy gold-relatively small amounts or coins.
thanks susan

Look in the Yellow pages for coin shops in the area, and then look online for testimonials. Be aware that coin fees vary.

But be aware that for that adagio "Buy low,



Sell High." your timing may be off.

[earthyred]

thanks zeno, yes i know my timings off-couldn't do it when the timing was right!
susan

Look in the Yellow pages for coin shops in the area, and then look online for testimonials. Be aware that coin fees vary.

But be aware that for that adagio "Buy low,



Sell High." your timing may be off.

[someguy]

Don;t go buy gold at gold shops. They will massively rip you off. Instead buy from Midas Resources, (thats who I buy from) they will hook you up very fairly.

[someguy]

Look in the Yellow pages for coin shops in the area, and then look online for testimonials. Be aware that coin fees vary.

But be aware that for that adagio "Buy low,



Sell High." your timing may be off.

Zeno posted this a almost a year ago (8/20/2010) when gold was priced at $1200 an ounce. Now gold is almost at $1800 an ounce and still climbing. And with the stock market continuing its downward spiral, now is the best time to get your gold and protect your money. Don't be fooled into thinking that gold has hit its high, and the stock market has hit low. Gold prices continue to follow the rising national debt and before long gold will be at $2000+. Hope this helps some of you.

[Imagery]

Zeno posted this a almost a year ago (8/20/2010) when gold was priced at $1200 an ounce. Now gold is almost at $1800 an ounce and still climbing. And with the stock market continuing its downward spiral, now is the best time to get your gold and protect your money. Don't be fooled into thinking that gold has hit its high, and the stock market has hit low. Gold prices continue to follow the rising national debt and before long gold will be at $2000+. Hope this helps some of you.

Just curious - for those who would eventually need to sell the gold (either for profit motive or financial necessity), where can you sell the gold at anything near spot price? All of the places I've seen offer 70-80% spot price - which usually eliminates any profit you might have taken in the interim...

[Respectthisplanet]

Just curious - for those who would eventually need to sell the gold (either for profit motive or financial necessity), where can you sell the gold at anything near spot price? All of the places I've seen offer 70-80% spot price - which usually eliminates any profit you might have taken in the interim...

Post it on this site or craigslist and sell your gold privately. You can get spot from anybody as they would likely be happy to not pay the premium a bullion store charges.

[Gary Abreim]

Just curious - for those who would eventually need to sell the gold (either for profit motive or financial necessity), where can you sell the gold at anything near spot price? All of the places I've seen offer 70-80% spot price - which usually eliminates any profit you might have taken in the interim...

I suggest going to www.golddealer.com who are very reputable. Their website will give the buy and sell price. They are buying American Gold Eagle 1 oz today at $1774 and selling at $1824 with spot at around $1760. Golddealer.com is also known as California Numismatics and they have been around a long time, located in L.A. and I find them very professional without the hussle.

[ladybug5]

I suggest going to www.golddealer.com who are very reputable. Their website will give the buy and sell price. They are buying American Gold Eagle 1 oz today at $1774 and selling at $1824 with spot at around $1760. Golddealer.com is also known as California Numismatics and they have been around a long time, located in L.A. and I find them very professional without the hussle.

I sold silver at the Santa Rosa Coin Exchange by the Flamingo.. I really liked the owner.. He is very
straight forward..

[BancheroTreeService]

You can buy gold in 1/10, 1/4, 1,2 and 1 oz bullion coins produced by central banks all over the world. American eagles, Canadian Maple leaves, South African Krugerrands, many European countries and China also produce these coins. Some people believe that these coins will also appreciate as a collectible as their are often limited runs for each year the coins were produced. You can also buy bars or rounds of gold produced by private companies. Some of these are very sophisticated. A Swiss company created a gold bar that is laser etched to have a holographic image as a counterfeit prevention measure.

A lot of this is hype. Try to buy gold in the smallest increments possible, for as close to spot price as possible.

Another area that is fun to explore are old American coins. Traditionally common date old gold coins were valued at their spot value+ a bit. As the price of gold shot up you could pick up these gold coins for just their spot price without a collectible premium. You can even find slightly scarce coins that are trading for spot value that will retain more collectible value if the price of gold ever goes down again. These coins are of an assured weight and recognizable form. You can own the gold and a piece of history.

Silver is better for most folks on a limited income. When I was a kid I bought old mercury dimes and walking liberty half dollars at about 3.5-4 times face value. Now these same coins are selling at 28x face value. I bought several rolls of pre-1964 quarters a couple years ago at 9.8x face...best investment I've ever made.

[Juggledude]

If anyone in Wacco land would like, I would be interested in buying small amounts of gold or middling amounts of silver, for spot price, private no fuss deal...

Blessings,

Royce