COOP,,
Depending on what amount you are looking for, most popular way is COINS.
You want to buy bullion, coins or gold stocks ?
Popular coins are:
American Gold Eagles
South African Krugerrands
Buffalo Gold Coins
Mexican 50 Pesos Gold Coins
Hungarian 100 Korona Gold Coins
Austrian 100 Corona Gold Coins
Austrian Philharmonic Gold Coins
Australian Kangaroos Gold Coins
Canadian Gold Maple Leaf Coins
There are China Panda coins also
There is a small premium on the coins when you buy, but you get the premium back when you sell to someone honest.
One of the most popular is still the South African Krug’s.
The price today is around $735 to buy and they would pay you $725. Other coins have different premiums/spreads.
The spreads are usually larger on coins under 1 ounce.
The coins weigh a bit over an ounce, but they have an ounce of gold in them.
Coin business is competitive, but an honest dealer works on volume and low margin.
Larger cities with more dealers should be more competitive. Some dealers will work on a $5 per coin spread, esp in volume.
If you need help, I know a wholesale guy in OC.
As far as Greenspan, I don’t blame him directly for the housing bubble. I think that it was brilliant lowering rates to keep us from going into a depression after 9-11.
The real problem was allowing 100% Financing on mortgages with wasn’t his department.
Quite simply, low rates that we had coupled with a 10% minimum down payment requirement would have responsible people in homes today with payments that they could afford at market levels probably at 50% of what they were in 2005, and no ARM crisis.
Low rates WERE the answer, the problem is they screwed up the question!
