Submitted by JenP7890 on November 13, 2008 - 2:03pm
I have been reading about buying gold and silver and would like some advice as to how to go about it and what to look out for. Should I buy online? Which dealers/brokers can I trust? How do I know if it's real gold? etc
I have made some purchase over apmex.com. I bought American Eagle Coins. Since American Eagle coins were mint by US treasury department, I think it is trustworthy.
Submitted by socrattt on November 13, 2008 - 9:18pm.
I have purchased a large amount from NWTMint.com, which is Northwest Territorial Mint. They are located in Washington and have a great reputation in the industry. Currently the wait time for 100oz silver bars is 12-14 weeks for delivery. They charge a premium of somewhere around 80 cents an ounce. You may be able to find brokers out there, but be careful because you will be paying a much higher premium.
Submitted by JenP7890 on November 14, 2008 - 10:39am.
I think gold will go up in price as the dollar collapses. I am no economics expert but I highly recommend Peter Schiff's "How to profit from the Economic Collapse".
Also here is his argument for buying gold:
Submitted by 5yearwaiter on November 14, 2008 - 10:56am.
JenP7890 wrote:
I think gold will go up in price as the dollar collapses. I am no economics expert but I highly recommend Peter Schiff's "How to profit from the Economic Collapse".
Also here is his argument for buying gold:
http://www.safehaven.com/article-10378.htm
Well this link details are bit old(May 2008) and now much world change due to heck of Financial crisis.Now the Doallar became stronger and Strongest due to world economy in crisis. Are we still in the belief of Gold can be a best bet? On the otherhand folks believing Gold can go down another couple of hundreds more soon.
I have made some purchase over apmex.com. I bought American Eagle Coins. Since American Eagle coins were mint by US treasury department, I think it is trustworthy.
-NicMM
Is this post strictly about buying physical gold or the decision process to buy the yellow stuff?
Josh
APMEX works for me.
Why not find a local dealer? I use Wilshire Coin in Santa Monica. There's dealers all over LA. SD too I'm sure.
I have purchased a large amount from NWTMint.com, which is Northwest Territorial Mint. They are located in Washington and have a great reputation in the industry. Currently the wait time for 100oz silver bars is 12-14 weeks for delivery. They charge a premium of somewhere around 80 cents an ounce. You may be able to find brokers out there, but be careful because you will be paying a much higher premium.
Barnaby - where do you think the price of gold will be on Dec 31 ?
I think gold will go up in price as the dollar collapses. I am no economics expert but I highly recommend Peter Schiff's "How to profit from the Economic Collapse".
Also here is his argument for buying gold:
http://www.safehaven.com/article-10378.htm
Also here is his argument for buying gold:
http://www.safehaven.com/article-10378.htm
Well this link details are bit old(May 2008) and now much world change due to heck of Financial crisis.Now the Doallar became stronger and Strongest due to world economy in crisis. Are we still in the belief of Gold can be a best bet? On the otherhand folks believing Gold can go down another couple of hundreds more soon.