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Author Topic: Where To Buy Gold Coins?  (Read 1050 times)

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Anonymous

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Where To Buy Gold Coins?
« on: February 12, 2019, 06:00:25 PM »
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  • Where are the best places to buy gold coins without getting ripped off? Are there any reliable websites where I could buy gold coins from and have them mailed to me discretely? Or would it be better to locate and go to a physical store? I am interested in buying gold coins but I do not know a lot about it. I could easily imagine myself being ripped off or scammed.

    Anonymous

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    Re: Where To Buy Gold Coins?
    « Reply #1 on: February 12, 2019, 06:17:32 PM »
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  • I have some experience in this regard:

    If you don’t mind leaving a paper trail, Apmex.com is very reputable and has perhaps the best prices (or close to it) on the internet.

    Not wanting to get in your business, but may I ask what your purpose in buying physical gold is?


    Offline Pax Vobis

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    Re: Where To Buy Gold Coins?
    « Reply #2 on: February 12, 2019, 07:09:21 PM »
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  • You can use Apmex or GainesvilleCoins.  Or, you can buy at a local store.  Most places charge 10% over spot plus tax.  Just look up the spot price on the Internet for the day.  You can call and get a price quote and then double check against the Internet. 

    I’ve bought some metals at a local store and they took cash straight up with no ID. 

    Anonymous

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    Re: Where To Buy Gold Coins?
    « Reply #3 on: February 12, 2019, 07:59:30 PM »
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  • In Canada the price is 3% over spot with a premium for Canadian Maple Leafs which are .9999 instead of the usual .999.
    For buying no ID of any kind is ever required if you walk into a store.

    Anonymous

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    Re: Where To Buy Gold Coins?
    « Reply #4 on: February 12, 2019, 08:00:36 PM »
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  • No tax on gold or silver in Canada either


    Anonymous

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    Re: Where To Buy Gold Coins?
    « Reply #5 on: February 12, 2019, 08:19:53 PM »
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  • No sales tax for coins here in TX. I've never had to pay a premium for Maple Leafs, but have for Silver Eagles.

    Anonymous

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    Re: Where To Buy Gold Coins?
    « Reply #6 on: February 12, 2019, 09:00:13 PM »
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  • Not wanting to get in your business, but may I ask what your purpose in buying physical gold is?
    That should be obvious.
    WHEN the dollar collapses to zero (or near-zero) he would rather have 10 gold ounces than $13,000 which will be able to buy 13 rolls of toilet paper after the "1000:1 revaluation"

    Long story short, gold is a reliable storehouse of value. Your wealth is maintained. Humans have valued gold and silver since the Creation, and will continue to do so until the End of Time. Gold and silver have never been scattered about cities with no one bothering to pick them up. But this has happened to paper, fiat currencies COUNTLESS times.

    Don't think it would be the first 1000:1 revaluation. There have been dozens of revaluations of this magnitude in the 20th century alone! Don't think the USA is special.
    Yes, it's the world reserve currency so it's somewhat special, but that just means that when it collapses, most of the world goes with it.  It doesn't change basic mathematics, the exponential function, or anything like that.

    Anonymous

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    Re: Where To Buy Gold Coins?
    « Reply #7 on: February 12, 2019, 09:47:59 PM »
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  • That should be obvious.
    WHEN the dollar collapses to zero (or near-zero) he would rather have 10 gold ounces than $13,000 which will be able to buy 13 rolls of toilet paper after the "1000:1 revaluation"

    Long story short, gold is a reliable storehouse of value. Your wealth is maintained. Humans have valued gold and silver since the Creation, and will continue to do so until the End of Time. Gold and silver have never been scattered about cities with no one bothering to pick them up. But this has happened to paper, fiat currencies COUNTLESS times.

    Don't think it would be the first 1000:1 revaluation. There have been dozens of revaluations of this magnitude in the 20th century alone! Don't think the USA is special.
    Yes, it's the world reserve currency so it's somewhat special, but that just means that when it collapses, most of the world goes with it.  It doesn't change basic mathematics, the exponential function, or anything like that.
    Yes, of course.
    But if hyperinflation is the cause for interest in gold, the I wonder if perhaps he isn’t considering the wrong metal?
    In that scenario, it will not be gold which has the greatest value, but lead.


    Anonymous

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    Re: Where To Buy Gold Coins?
    « Reply #8 on: February 12, 2019, 09:53:57 PM »
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  • Anonymous

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    Re: Where To Buy Gold Coins?
    « Reply #9 on: February 12, 2019, 10:02:35 PM »
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  • Gold for bread only works if there is still some semblance of law and order, like in the video.

    And it (or better yet, silver: more easily divisible) is good to have some metals for such situations.

    But in the case of WROL (Without Rule Of Law), the man without lead is dead (and people with the commodities you want to barter for will not be interested or n gold/metals.  They will want food, ammunition, gasoline, alcohol, and other practical necessities.

    Then later, as societies begin reforming, metals will regain value as stores of wealth.  But in a total SHTF scenario, they will be worthless.

    Anonymous

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    Re: Where To Buy Gold Coins?
    « Reply #10 on: February 12, 2019, 10:06:23 PM »
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  • Interesting article about what will be valuable in a post-TEOTWAKI world (TEOTWAKI = The End Of The World As We Know It):

    https://survivalblog.com/barter-post-teotwawki-the-micr/


    Anonymous

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    Re: Where To Buy Gold Coins?
    « Reply #11 on: February 13, 2019, 08:41:43 AM »
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  • OP here. I would be interested in gold because it seems solid and more reliable if there ever was an economic crisis with inflation as everyone always fears. Also because interest rates on savings accounts are lower than the inflation rate gold is more appealing (not to get into an argument over the potential sin of usury of having a savings account). But mainly I just really like the idea of having some gold coins. It attracts me for some reason. I would like to have a few valuable coins hidden in a box in my house instead of some digital currency in a bank. I do not have a lot of money, but I would like to buy a few gold coins with some money that I will have available soon. I would only have a few thousand dollars to invest so I could only buy at most a half a dozen coins in the next year or so. One thing is that I would prefer it to be as private as possible. I am sure this is a concern for many who buy gold. I would not want the government knowing that I had bought gold as I would not want them having records and coming to my house with guns to take my gold if things get worse (as many fear the government confiscating their guns, I would fear them confiscating gold as well). So in that way I would fear buying online and perhaps going to a physical store with cash would be best even though it would be more expensive.

    Anonymous

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    Re: Where To Buy Gold Coins?
    « Reply #12 on: February 13, 2019, 09:33:20 AM »
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  • Just want to make clear I know nothing about gold and I know nothing about money so I will come across as ignorant. So please don't make fun of me for my ignorance. I don't know if it is a good investment but I just have the urge to own a few gold coins. If I do buy gold coins I will probably buy some silver ones as well.

    Anonymous

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    Re: Where To Buy Gold Coins?
    « Reply #13 on: February 13, 2019, 09:59:25 AM »
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  • You want silver for trading/bartering/buying items in bad times (i.e. like food, clothing, normal items).  Gold is for large purchases (i.e. car/house), paying off debt and keeping wealth.  I suggest you get a mix of 1 oz silver and also fractional silver (1/4 and 1/2 oz) for future bartering.  I'd also get fractional gold - 1/4 or 1/10 oz.  It costs more to get fractional but it's good to have options in case you ever need to sell the metals.  If you needed to buy a car and only had 1 oz of gold, and the car is only worth 1/10 oz, how are people going to "make change" and give you the difference, if all they own is worthless paper money or anything other than metals?  Just a thought.

    Anonymous

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    Re: Where To Buy Gold Coins?
    « Reply #14 on: February 13, 2019, 10:04:22 AM »
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  • A fantastic site to visit/learn is "ITM Trading" on youtube.  The lady who gives talks is Lynette Zang and she just did a series of talks on the economic chaos in Venezuela, how it could happen here in the US, and what to do about it.  Obviously, they are biased towards precious metals since that's their business, but facts are facts and history shows that metals are good to have (on some level) in economic disasters.  She also talks about other things to do in case of a disaster - food, personal farming, prepping, etc.  So it's a good overall perspective.

     

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