Gold purchasing

[loborugger]

Anyone here purchased gold coins, and have a good reputable place to purchase them?

Thanx.

[BABronco]

Anyone here purchased gold coins, and have a good reputable place to purchase them?

Thanx.

I've never purchased gold. However, members here http://www.ronpaulforums.com/showthread.php?t=187225&highlight=gold seem well versed in purchasing gold. Thats a thread on a guy asking where to purchase gold. Hope that helps.

[cutthemdown]

I purchase mine through http://www.golddealer.com/

He's local to me so I can pick up myself and I like that. I think he's probably a little pricier then some but I wouldn't know I haven't really checked around. But I have heard people on here say they pay less juice then I do. For instance Silver is like spot plus 1.00 to buy. So Silver has to go up just to break even. A lot of people fail to realize that when buying metals.

It's more a hedge against inflation and less as a way to make big money or returns, just remember that. Buying metal, and breaking even, is often ok because the dollar in that same time has dropped.

Good luck and remember to buy silver as well as gold. In fact if you are a small investor I think silver the better choice.

I buy mostly bullion in bars, and then I have some silver rounds, which are just silver coins from various mints.

I don't buy Coins because I don't know anything about them but this place I gave a link to does all that as well.

[cutthemdown]

Also just so no one takes my advice too much I only have like 15 grand in precious metals. So not enough to really understand how the big boys do it.

[loborugger]

Thanks, I will check that site out. It would appear from an initial look in the Cent NY area, that there is no one with gold. I visited one dude the other day, and his statement in a nutshell was, "I dont have 'em, no one is selling 'em, everyone wants to buy 'em."

My retirement is all in stocks/bonds, thru the Fed TSP program. But, its exactly what you say, I wanna hedge my bets and get some gold.

I will consider silver, too.

Thanks for sharing.

[loborugger]

I didnt think you could own gold bullion. I thought that was outlawed under FDR.

[Traveler]

My boss just purchased $300,000 worth. I'll ask who he used and get back to you.

Edit- He purchased from a couple of companies:

Kitco Minerals & Metals Inc- kitco.com
Northwest Territorial Mint- nwtmint.com

[Traveler]

Thanks, I will check that site out. It would appear from an initial look in the Cent NY area, that there is no one with gold. I visited one dude the other day, and his statement in a nutshell was, "I dont have 'em, no one is selling 'em, everyone wants to buy 'em."

My retirement is all in stocks/bonds, thru the Fed TSP program. But, its exactly what you say, I wanna hedge my bets and get some gold.

I will consider silver, too.

Thanks for sharing.

My bosses money was in TSP also. He asked for and was granted a the opportunity to make one lump sum withdrawl since he is well past retirement age. Something called an Aged Base Withdrawl.

Not sure if any of this is relevant to your situation.

[loborugger]

My bosses money was in TSP also. He asked for and was granted a the opportunity to make one lump sum withdrawl since he is well past retirement age. Something called an Aged Base Withdrawl.

Not sure if any of this is relevant to your situation.

Hey, I will look into that! I dont know if that is what I wanna do, but I will look into that.

[Bob]

Hey, I will look into that! I dont know if that is what I wanna do, but I will look into that.

If you dont have 300k to drop on gold, silver coins (of intrinsic worth) would be a more feasible option, for most.

While your at it, buying a gun or two, and some extra food would make sense before that too is regulated, controled, and demonized, by the very idiots who have been telling us for years to do our patriotic duty and go into debt.

[cutthemdown]

I didnt think you could own gold bullion. I thought that was outlawed under FDR.

nope your wrong. That was repealed by Congress in 1974.

[loborugger]

If you dont have 300k to drop on gold, silver coins (of intrinsic worth) would be a more feasible option, for most.

While your at it, buying a gun or two, and some extra food would make sense before that too is regulated, controled, and demonized, by the very idiots who have been telling us for years to do our patriotic duty and go into debt.

I have some of those things already. However, I am not going survivalist here. I just wanted to invest in gold. I think its wise at this point.

[loborugger]

nope your wrong. That was repealed by Congress in 1974.

Makes sense - thats about when they took us off the gold standard.

[Bob]

I have some of those things already. However, I am not going survivalist here. I just wanted to invest in gold. I think its wise at this point.

If you not planning on surviving, perhaps a good life insurance policy then?

But seriously, if you have the bucks to invest in gold good for you, its too rich for my blood. Keep in mind, that if the government continues on the path to greater debt, will they do what they did in the 30's, to those who owned gold?

[loborugger]

I dont know that they will. In the 30s, the US was on the gold standard. The US is no longer on the gold standard. Money now comes *poof* outta thin air.