Home › Forums › Financial Markets/Economics › What banks in San Diego sell gold?
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January 10, 2008 at 4:35 PM #133936January 10, 2008 at 4:43 PM #133647
CricketOnTheHearth
ParticipantEscondido Coin & Loan
on E. Grand Ave is where I have purchased gold coins in the past, but they do charge a bit of a surcharge.
As far as apocalyptic gold /spending money investments, I would think the most practical form would be some of the large coins, plus a lot of the smaller ones (such as 1/4 oz Maple Leafs). The coin form IMO “guarantees the gold content” to people you are trading with, versus just unmarked lumps of gold. For smaller purchase get a boatload of JFK silver dimes, IMO.
>chirp<
January 10, 2008 at 4:43 PM #133837ParticipantEscondido Coin & Loan
on E. Grand Ave is where I have purchased gold coins in the past, but they do charge a bit of a surcharge.
As far as apocalyptic gold /spending money investments, I would think the most practical form would be some of the large coins, plus a lot of the smaller ones (such as 1/4 oz Maple Leafs). The coin form IMO “guarantees the gold content” to people you are trading with, versus just unmarked lumps of gold. For smaller purchase get a boatload of JFK silver dimes, IMO.
>chirp<
January 10, 2008 at 4:43 PM #133850ParticipantEscondido Coin & Loan
on E. Grand Ave is where I have purchased gold coins in the past, but they do charge a bit of a surcharge.
As far as apocalyptic gold /spending money investments, I would think the most practical form would be some of the large coins, plus a lot of the smaller ones (such as 1/4 oz Maple Leafs). The coin form IMO “guarantees the gold content” to people you are trading with, versus just unmarked lumps of gold. For smaller purchase get a boatload of JFK silver dimes, IMO.
>chirp<
January 10, 2008 at 4:43 PM #133903ParticipantEscondido Coin & Loan
on E. Grand Ave is where I have purchased gold coins in the past, but they do charge a bit of a surcharge.
As far as apocalyptic gold /spending money investments, I would think the most practical form would be some of the large coins, plus a lot of the smaller ones (such as 1/4 oz Maple Leafs). The coin form IMO “guarantees the gold content” to people you are trading with, versus just unmarked lumps of gold. For smaller purchase get a boatload of JFK silver dimes, IMO.
>chirp<
January 10, 2008 at 4:43 PM #133941ParticipantEscondido Coin & Loan
on E. Grand Ave is where I have purchased gold coins in the past, but they do charge a bit of a surcharge.
As far as apocalyptic gold /spending money investments, I would think the most practical form would be some of the large coins, plus a lot of the smaller ones (such as 1/4 oz Maple Leafs). The coin form IMO “guarantees the gold content” to people you are trading with, versus just unmarked lumps of gold. For smaller purchase get a boatload of JFK silver dimes, IMO.
>chirp<
January 11, 2008 at 11:15 PM #134783afx114
ParticipantI have another gold question. How can you buy it within a retirement account (like 401k) but keep physical ownership of it? Say I go down to a coin shop and buy $5k in gold coins, how do I apply that as a 401k deposit, if that’s even possible?
January 11, 2008 at 11:15 PM #134979ParticipantI have another gold question. How can you buy it within a retirement account (like 401k) but keep physical ownership of it? Say I go down to a coin shop and buy $5k in gold coins, how do I apply that as a 401k deposit, if that’s even possible?
January 11, 2008 at 11:15 PM #134988ParticipantI have another gold question. How can you buy it within a retirement account (like 401k) but keep physical ownership of it? Say I go down to a coin shop and buy $5k in gold coins, how do I apply that as a 401k deposit, if that’s even possible?
January 11, 2008 at 11:15 PM #135041ParticipantI have another gold question. How can you buy it within a retirement account (like 401k) but keep physical ownership of it? Say I go down to a coin shop and buy $5k in gold coins, how do I apply that as a 401k deposit, if that’s even possible?
January 11, 2008 at 11:15 PM #135084ParticipantI have another gold question. How can you buy it within a retirement account (like 401k) but keep physical ownership of it? Say I go down to a coin shop and buy $5k in gold coins, how do I apply that as a 401k deposit, if that’s even possible?
January 12, 2008 at 12:11 AM #134799stockstradr
ParticipantBTW I am thinking of filling my pool with Diesel.
bubble_contagion certainly wins the award for funniest post (above) to this thread!
OK, someone asked about buying gold coins. Here’s my answer.
I buy lots of gold. I never buy coins.
Why not?
ANSWER: I’m interested in making money, and I can use a calculator (to analyze ROIC)Any precious metals trader knows the answer to why it is better to buy BULLION instead of coins. The round trip “premium over spot price” is significantly greater on coin than on straight bullion. Buying coin puts your break-even-point farther away
You think your local jeweler is casting your custom wedding bands from a back room stock of melted Krugerrands? Ha! Make me laugh. You should do what that jeweler does.
Buy bullion from a precious metals broker, or more conveniently just trade the gold ETF, “GLD”
The emotional reason people actually buy Krugerrands (or similar gold coin) is to sit on the floor and play with them like Gollum from The Rings Trilogy and go into a “My PRECIOUS!” stupor when showing them off to house guests!
However, alternatively you’ll find that a 32.15 troy ounce gold bullion “kilobar” makes a damn impressive paper weight!
January 12, 2008 at 12:11 AM #134995ParticipantBTW I am thinking of filling my pool with Diesel.
bubble_contagion certainly wins the award for funniest post (above) to this thread!
OK, someone asked about buying gold coins. Here’s my answer.
I buy lots of gold. I never buy coins.
Why not?
ANSWER: I’m interested in making money, and I can use a calculator (to analyze ROIC)Any precious metals trader knows the answer to why it is better to buy BULLION instead of coins. The round trip “premium over spot price” is significantly greater on coin than on straight bullion. Buying coin puts your break-even-point farther away
You think your local jeweler is casting your custom wedding bands from a back room stock of melted Krugerrands? Ha! Make me laugh. You should do what that jeweler does.
Buy bullion from a precious metals broker, or more conveniently just trade the gold ETF, “GLD”
The emotional reason people actually buy Krugerrands (or similar gold coin) is to sit on the floor and play with them like Gollum from The Rings Trilogy and go into a “My PRECIOUS!” stupor when showing them off to house guests!
However, alternatively you’ll find that a 32.15 troy ounce gold bullion “kilobar” makes a damn impressive paper weight!
January 12, 2008 at 12:11 AM #135002ParticipantBTW I am thinking of filling my pool with Diesel.
bubble_contagion certainly wins the award for funniest post (above) to this thread!
OK, someone asked about buying gold coins. Here’s my answer.
I buy lots of gold. I never buy coins.
Why not?
ANSWER: I’m interested in making money, and I can use a calculator (to analyze ROIC)Any precious metals trader knows the answer to why it is better to buy BULLION instead of coins. The round trip “premium over spot price” is significantly greater on coin than on straight bullion. Buying coin puts your break-even-point farther away
You think your local jeweler is casting your custom wedding bands from a back room stock of melted Krugerrands? Ha! Make me laugh. You should do what that jeweler does.
Buy bullion from a precious metals broker, or more conveniently just trade the gold ETF, “GLD”
The emotional reason people actually buy Krugerrands (or similar gold coin) is to sit on the floor and play with them like Gollum from The Rings Trilogy and go into a “My PRECIOUS!” stupor when showing them off to house guests!
However, alternatively you’ll find that a 32.15 troy ounce gold bullion “kilobar” makes a damn impressive paper weight!
January 12, 2008 at 12:11 AM #135056ParticipantBTW I am thinking of filling my pool with Diesel.
bubble_contagion certainly wins the award for funniest post (above) to this thread!
OK, someone asked about buying gold coins. Here’s my answer.
I buy lots of gold. I never buy coins.
Why not?
ANSWER: I’m interested in making money, and I can use a calculator (to analyze ROIC)Any precious metals trader knows the answer to why it is better to buy BULLION instead of coins. The round trip “premium over spot price” is significantly greater on coin than on straight bullion. Buying coin puts your break-even-point farther away
You think your local jeweler is casting your custom wedding bands from a back room stock of melted Krugerrands? Ha! Make me laugh. You should do what that jeweler does.
Buy bullion from a precious metals broker, or more conveniently just trade the gold ETF, “GLD”
The emotional reason people actually buy Krugerrands (or similar gold coin) is to sit on the floor and play with them like Gollum from The Rings Trilogy and go into a “My PRECIOUS!” stupor when showing them off to house guests!
However, alternatively you’ll find that a 32.15 troy ounce gold bullion “kilobar” makes a damn impressive paper weight!
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