Buying Gold

[ybbor]

BullionDirect.com is cool… you can buy and sell coins/bullion there. They will hold them in there vault insured… but if you ever feel paranoid, just go online and with a few clicks, your gold will be overnighted to you.

If you are worried about storing gold in the US, the Perth mint does something similar to bullion direct, ie, storing your gold, but i’m not sure if they offer physical delivery.

[ybbor]

BullionDirect.com is cool… you can buy and sell coins/bullion there. They will hold them in there vault insured… but if you ever feel paranoid, just go online and with a few clicks, your gold will be overnighted to you.

If you are worried about storing gold in the US, the Perth mint does something similar to bullion direct, ie, storing your gold, but i’m not sure if they offer physical delivery.

[Eugene]

Expect 5-10% over spot price of gold. Depends on the shop and the particular form of gold. Krugerrands are cheaper, American Eagles are more expensive, other foreign coins can come with high premiums.

I had positive experience with onlygold.com, you basically send them a check or a wire and a week later you get a package with coins via U.S. mail. Their prices are pretty good. I’m not sure if they have a brick-and-mortar store so you can have a cash transaction (they are located near Phoenix AZ), you might want to call them and ask.

[Eugene]

Expect 5-10% over spot price of gold. Depends on the shop and the particular form of gold. Krugerrands are cheaper, American Eagles are more expensive, other foreign coins can come with high premiums.

I had positive experience with onlygold.com, you basically send them a check or a wire and a week later you get a package with coins via U.S. mail. Their prices are pretty good. I’m not sure if they have a brick-and-mortar store so you can have a cash transaction (they are located near Phoenix AZ), you might want to call them and ask.

[Eugene]

Expect 5-10% over spot price of gold. Depends on the shop and the particular form of gold. Krugerrands are cheaper, American Eagles are more expensive, other foreign coins can come with high premiums.

I had positive experience with onlygold.com, you basically send them a check or a wire and a week later you get a package with coins via U.S. mail. Their prices are pretty good. I’m not sure if they have a brick-and-mortar store so you can have a cash transaction (they are located near Phoenix AZ), you might want to call them and ask.

[Eugene]

Expect 5-10% over spot price of gold. Depends on the shop and the particular form of gold. Krugerrands are cheaper, American Eagles are more expensive, other foreign coins can come with high premiums.

I had positive experience with onlygold.com, you basically send them a check or a wire and a week later you get a package with coins via U.S. mail. Their prices are pretty good. I’m not sure if they have a brick-and-mortar store so you can have a cash transaction (they are located near Phoenix AZ), you might want to call them and ask.

[alarmclock]

A few suggestions if you are looking at bullion coins:

* Get the red book (RS Yeoman). Tons of good information, though the prices are completely out of whack (book prices are too low)
* Get a digital coin scale. Sure, you don’t have to do this but the weights of the coins are well known AND hard to fudge because gold is so dense.
* Don’t overlook ebay — but be very diligent. High NGC/PCGS scores probably won’t be very useful to you.

[alarmclock]

A few suggestions if you are looking at bullion coins:

* Get the red book (RS Yeoman). Tons of good information, though the prices are completely out of whack (book prices are too low)
* Get a digital coin scale. Sure, you don’t have to do this but the weights of the coins are well known AND hard to fudge because gold is so dense.
* Don’t overlook ebay — but be very diligent. High NGC/PCGS scores probably won’t be very useful to you.

[alarmclock]

A few suggestions if you are looking at bullion coins:

* Get the red book (RS Yeoman). Tons of good information, though the prices are completely out of whack (book prices are too low)
* Get a digital coin scale. Sure, you don’t have to do this but the weights of the coins are well known AND hard to fudge because gold is so dense.
* Don’t overlook ebay — but be very diligent. High NGC/PCGS scores probably won’t be very useful to you.

[alarmclock]

A few suggestions if you are looking at bullion coins:

* Get the red book (RS Yeoman). Tons of good information, though the prices are completely out of whack (book prices are too low)
* Get a digital coin scale. Sure, you don’t have to do this but the weights of the coins are well known AND hard to fudge because gold is so dense.
* Don’t overlook ebay — but be very diligent. High NGC/PCGS scores probably won’t be very useful to you.

[Ash Housewares]

The Perth Mint is worth looking into. You can buy gold there through Peter Schiff’s firm Euro Pacific Cap. That way if the dollar collapses and the gov’t moves to seize all gold, they can’t touch yours because it is overseas. Also it is not a bank account so it does not need to be reported to any gov’t agency, it is just a vault they hold for you. I think Euro Pac charges 2%, and the storage in Perth in free.

[Ash Housewares]

The Perth Mint is worth looking into. You can buy gold there through Peter Schiff’s firm Euro Pacific Cap. That way if the dollar collapses and the gov’t moves to seize all gold, they can’t touch yours because it is overseas. Also it is not a bank account so it does not need to be reported to any gov’t agency, it is just a vault they hold for you. I think Euro Pac charges 2%, and the storage in Perth in free.

[Ash Housewares]

The Perth Mint is worth looking into. You can buy gold there through Peter Schiff’s firm Euro Pacific Cap. That way if the dollar collapses and the gov’t moves to seize all gold, they can’t touch yours because it is overseas. Also it is not a bank account so it does not need to be reported to any gov’t agency, it is just a vault they hold for you. I think Euro Pac charges 2%, and the storage in Perth in free.

[Ash Housewares]

The Perth Mint is worth looking into. You can buy gold there through Peter Schiff’s firm Euro Pacific Cap. That way if the dollar collapses and the gov’t moves to seize all gold, they can’t touch yours because it is overseas. Also it is not a bank account so it does not need to be reported to any gov’t agency, it is just a vault they hold for you. I think Euro Pac charges 2%, and the storage in Perth in free.

[condogrrl]

You guys surprise me in that you would be paranoid (me too) and yet trusting (not me) at the same time. How about you send me a check, I will acquire the gold bullion for you and store it in my closet. I’ll even insure it for you. You’ll have my cell number – just call me anytime. Ha!

[Author]

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