Posted: 5/13/2010 6:02:22 AM EDT
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OK, I am officially done with the stock market and have decided to leave the casino. I want to put a substancial amount of my savings into physical gold. Who is the safest, cheapest and most importantly, a legitimate dealer to buy from?
Tulving.com has been recommended to me but I have no experience with them. |
| I've used both APMEX and BullionDirect. No problems with either. |
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Let me get this straight.
You think buying into the stock market at the bottom of the market is a "casino", which implies that it's gambling and dangerous? and then you think buying into gold at the current artificially high levels is a safe & sound investment? Good luck with all that. 
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I've started buying alot of precious metals online. I've built up a bunch of comparison spread sheets showing the big dealers prices. So far I've found Gainsville Coins to have consistantly lower prices. Matter a fact... once you do all the math.... the Pamp 10gram bars they sell are the best value/closest to spot I've found. Also been tracking ALOT of items on ebay... but its funny watching how much people are paying over spot on their when you can go and just buy the same item from Gainsville or one of the others for less (thats with shipping).
Also, if you have the opportunity to just drop a check in the mail and save the credit card fee.... even better deals |
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buying online leaves a paper trail easily followed. Find a loca dealer and pay cash...perhaps even one in a town nearby, but not where you live. Paranoid? Maybe, but I wouldn't put it past P-Bo to follow the pattern of one of his heroes... Spoon dont know about leaving town..but.. I wouldn't buy from someone that needs a paper trail for who they sell a simple commodity to.. FDR did Confiscate GOLD and Silver from public citizens..and not necessarily at "true value"  and the Dims, Love them some FDR
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Right now might not be the best time. Precious metal prices are the some of the highest prices they have ever been at. You are much better off waiting for a dip in prices. I started checking out dealers, options (gold v silver, not contracts) back in Feb. Finally decided on a dealer and gold over silver. Transferred the $ to my checking account. Friggin' metals took off and I can't pull the trigger. 
Actually, I've boxed up some junk silver and will probably send it off to Midwest Refineries this week. ETA: Gainesville Coins looked like a good choice for me. Quoted:
There is rumor that Germany will drop the euro tomorrow, better hurry. I'm short the Euro and hope you are correct, but the action the last couple of days would discount that. |
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buying online leaves a paper trail easily followed. Find a loca dealer and pay cash...perhaps even one in a town nearby, but not where you live. Paranoid? Maybe, but I wouldn't put it past P-Bo to follow the pattern of one of his heroes... Spoon dont know about leaving town..but.. I wouldn't buy from someone that needs a paper trail for who they sell a simple commodity to.. FDR did Confiscate GOLD and Silver from public citizens..and not necessarily at "true value" and the Dims, Love them some FDR
or you can get you local dealer to buy online for you, also Google form 8300 |
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There is rumor that Germany will drop the euro tomorrow, better hurry. I'm short the Euro and hope you are correct, but the action the last couple of days would discount that. Germany wanted out for quite some time, they didn't like the way that the arrogant French were trying to handle things. now, they can see the writing on the wall, and they esp don't like the way that the arrogant American is trying to handle things. I don't think any economy on the face of the planet will benefit. should be interesting |
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WHOA!..
Don't buy PMs now- don't you see how high they are? You could buy gold for under $300 an oz. just a few years ago.. I am SURE that it is going to go back down to that level if you just wait for it.. Kind of like these SILLY prices for .22s at $2.00-3.00 a box- I mean, you used to be able to buy a box of them for $.69-.79! It has to get back to a reasonable price... I know that gas is going to get back to $1 a gallon too... AND whoever says that the DOW & GOLD will hit parity again (both $7K??), does not realize that the .gov will keep it in control so that it could NOT happen.. Besides, gold & silver coins are not REAL money anyway- nobody has used that stuff for 40 some years now.. Also there are a few guys right here on this site that say that they could not recognize a real Gold or Silver coin & don't wnat to bother to learn.. so who will want them in the future if they don't?? I'm sure, nobody.. |
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WHOA!.. Don't buy PMs now- don't you see how high they are? You could buy gold for under $300 an oz. just a few years ago.. I am SURE that it is going to go back down to that level if you just wait for it.. Kind of like these SILLY prices for .22s at $2.00-3.00 a box- I mean, you used to be able to buy a box of them for $.69-.79! It has to get back to a reasonable price... I know that gas is going to get back to $1 a gallon too... AND whoever says that the DOW & GOLD will hit parity again (both $7K??), does not realize that the .gov will keep it in control so that it could NOT happen.. Besides, gold & silver coins are not REAL money anyway- nobody has used that stuff for 40 some years now.. Also there are a few guys right here on this site that say that they could not recognize a real Gold or Silver coin & don't wnat to bother to learn.. so who will want them in the future if they don't?? I'm sure, nobody.. I laughed. |
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Right now might not be the best time. Precious metal prices are the some of the highest prices they have ever been at. You are much better off waiting for a dip in prices. What Pyro said IMO. Even if there is a transient issue driving up price, nothing goes up [or down] in a straight line. Keep your powder dry and pick your time... |
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buying online leaves a paper trail easily followed. Find a loca dealer and pay cash...perhaps even one in a town nearby, but not where you live. Paranoid? Maybe, but I wouldn't put it past P-Bo to follow the pattern of one of his heroes... Spoon dont know about leaving town..but.. I wouldn't buy from someone that needs a paper trail for who they sell a simple commodity to.. FDR did Confiscate GOLD and Silver from public citizens..and not necessarily at "true value" and the Dims, Love them some FDR
RE: Confiscation. If the current administration were to suggest such a thing, what do you think the reaction would be? |
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buying online leaves a paper trail easily followed. Find a loca dealer and pay cash...perhaps even one in a town nearby, but not where you live. Paranoid? Maybe, but I wouldn't put it past P-Bo to follow the pattern of one of his heroes... Spoon dont know about leaving town..but.. I wouldn't buy from someone that needs a paper trail for who they sell a simple commodity to.. FDR did Confiscate GOLD and Silver from public citizens..and not necessarily at "true value" and the Dims, Love them some FDR
RE: Confiscation. If the current administration were to suggest such a thing, what do you think the reaction would be? not even give us the decency of a reach-around |
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Let me get this straight. You think buying into the stock market at the bottom of the market is a "casino", which implies that it's gambling and dangerous? and then you think buying into gold at the current artificially high levels is a safe & sound investment? Good luck with all that. Gold and silver are at artificially LOW levels, not high. Dumping stocks and buying gold (or better, silver) is a very good idea, IMO. |
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buying online leaves a paper trail easily followed. Find a loca dealer and pay cash...perhaps even one in a town nearby, but not where you live. Paranoid? Maybe, but I wouldn't put it past P-Bo to follow the pattern of one of his heroes... Spoon dont know about leaving town..but.. I wouldn't buy from someone that needs a paper trail for who they sell a simple commodity to.. FDR did Confiscate GOLD and Silver from public citizens..and not necessarily at "true value" and the Dims, Love them some FDR
RE: Confiscation. If the current administration were to suggest such a thing, what do you think the reaction would be? The reason FDR got away with it was because it was still a legal currency. If it was done now, even the libs would be screaming for impeachment. |
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RE: Confiscation. If the current administration were to suggest such a thing, what do you think the reaction would be? The reason FDR got away with it was because it was still a legal currency. If it was done now, even the libs would be screaming for impeachment. they would be saying, "how did this happen?" |
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buying online leaves a paper trail easily followed. Find a loca dealer and pay cash...perhaps even one in a town nearby, but not where you live. Paranoid? Maybe, but I wouldn't put it past P-Bo to follow the pattern of one of his heroes... Spoon dont know about leaving town..but.. I wouldn't buy from someone that needs a paper trail for who they sell a simple commodity to.. FDR did Confiscate GOLD and Silver from public citizens..and not necessarily at "true value" and the Dims, Love them some FDR
RE: Confiscation. If the current administration were to suggest such a thing, what do you think the reaction would be? The majority of Maobama's base support doesn't have a lot of gold lying around, unless you count necklaces, teeth, and the "custom" trim on Hummers and old Cadillacs. In other words... they'll cheer him on. |
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Three weeks ago someone was posting that gold was telling him it was a good time to sell and he intended to do that. It's been up a hundred dollars from that time. Who was it that started that post? Die-trying, did you sell? It may have been a good time to sell for him. He reached his limit of risk tolerance and got out intact. Good on him. |
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I've started buying alot of precious metals online. I've built up a bunch of comparison spread sheets showing the big dealers prices. So far I've found Gainsville Coins to have consistantly lower prices. Matter a fact... once you do all the math.... the Pamp 10gram bars they sell are the best value/closest to spot I've found. Also been tracking ALOT of items on ebay... but its funny watching how much people are paying over spot on their when you can go and just buy the same item from Gainsville or one of the others for less (thats with shipping). I don't know anything about them, but you imply that by using them you pay less then or close to spot. Right now the 10 g pamp bars are 411.17, or about $14 over the spot price of 39.70/g. Their price on philharmonics is 49 over spot. That pretty good, AJPM and kitco haave pillharmonics for ~56 over spot, or K-rands (AJPM) for 46 over spot. As usual, Krands are the cheapest. AJPm will do free shipping at 10 oz or more. Good prices, but nothing special. the part I don't like is the bank wire. Most dealers will let you mail (postmark within 24 hrs) or overnight checks. A bank wire adds a few bucks, and in a small town raises Opsec issues. BTW, in some towns, local dealers sell bullion coins competitive with internet/ major dealer's prices. Prehaps not coincidentally, I've dealt with dealers in Bismark, ND, Butte, MT, and Denver, CO who were like this. The key is not paying sales tax, either because their ain't one, or because collectables or bullion is exempted. In the case of Denver, I paid locally, but they shipped the coins home to avoid some tax. Here in the SE, I've bought gold locally by offering to pay spot when they get it in (in otherwards on their schedule), or bought junk silver they couldn't move due to nothign more then kiddie collector grade coins. |
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Three weeks ago someone was posting that gold was telling him it was a good time to sell and he intended to do that. It's been up a hundred dollars from that time. Who was it that started that post? Die-trying, did you sell? It may have been a good time to sell for him. He reached his limit of risk tolerance and got out intact. Good on him. I agree, and told him that he should sell without a doubt. If he's happy taking less than he could get (due to comfort), he needed to sell. He started the post actually. The reasoning he was believing was that it wasn't going higher. I believed differently and it was clear that there was a still unraveling Greek tragedy that anyone with one good eye could see was coming. There is no way that it's over either. |
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I've started buying alot of precious metals online. I've built up a bunch of comparison spread sheets showing the big dealers prices. So far I've found Gainsville Coins to have consistantly lower prices. Matter a fact... once you do all the math.... the Pamp 10gram bars they sell are the best value/closest to spot I've found. Also been tracking ALOT of items on ebay... but its funny watching how much people are paying over spot on their when you can go and just buy the same item from Gainsville or one of the others for less (thats with shipping). I don't know anything about them, but you imply that by using them you pay less then or close to spot. Right now the 10 g pamp bars are 411.17, or about $14 over the spot price of 39.70/g. Their price on philharmonics is 49 over spot. That pretty good, AJPM and kitco haave pillharmonics for ~56 over spot, or K-rands (AJPM) for 46 over spot. As usual, Krands are the cheapest. AJPm will do free shipping at 10 oz or more. Good prices, but nothing special. the part I don't like is the bank wire. Most dealers will let you mail (postmark within 24 hrs) or overnight checks. A bank wire adds a few bucks, and in a small town raises Opsec issues. BTW, in some towns, local dealers sell bullion coins competitive with internet/ major dealer's prices. Prehaps not coincidentally, I've dealt with dealers in Bismark, ND, Butte, MT, and Denver, CO who were like this. The key is not paying sales tax, either because their ain't one, or because collectables or bullion is exempted. In the case of Denver, I paid locally, but they shipped the coins home to avoid some tax. Here in the SE, I've bought gold locally by offering to pay spot when they get it in (in otherwards on their schedule), or bought junk silver they couldn't move due to nothign more then kiddie collector grade coins. No... I wasnt implying anything was being sold under spot. Just did a bunch of comparisons on prices with weights converted to ounce equivalent.... those little pamp bars were giving me the lowest $/ounce. Im not buying much gold though... mostly silver cause its in my price range and I can get ALOT of it.... kinda like walking around with one hundred $1 bills as opposed to one $100 bill. Im sure things are high right now and will potentially go down. but what if they dont? Plus Im not buying this really for investment purposes... Im buying it for just in case purposes. A bird in hand is better than two in the bush. My real $$$ in a SHTF situation will be in guns and ammo.... there will ALWAYS be a market for those items as something (or someone) always needs killin' |