The Accurate Reloading Forums THE ACCURATE RELOADING.COM FORUMS Other Topics Miscellaneous Topics buying goldGo | New | Find | Notify | Tools | Reply | |
| One of Us |
lets say, just for shits and grins, you wanted to buy a little gold as a hedge against the coming inflation whats been forecasted. how would one tell if the gold coins or those little bars or whatever they're called are real or fake? | ||
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One of Us |
For starters, go with a reputable firm. I know with my silver ingots they are stamped; I've never been flush enough to buy gold ingots. Never mistake motion for action. | |||
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| one of us |
I used to buy 1 Oz. Krugerrands. Norman has the correct approach; buy from a reputable firm, not some cold-call, faceless prick. As it turned out, I bought those Krugerrands for my ex-wife. If she held on to them, she tripled her money. I never invested in gold again. I guess if this pandemic ever ends, and people become optimistic, and the price of gold fell to $1,000, I might be interested, but I don't see that happening. I think you have a better chance of doing well with Google, Amazon, Shopify, or Apple. | |||
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| one of us |
A cautionary tale. Back in the late 80s I paid for a bag of junk silver coins, planning on some inflation. Coin dealer was taking forever to deliver. Turns out, he'd been paying his shop's expenses with customer money and had delivered none of $140K of stuff. He went to jail for awhile and was supposed to pay restitution when he got out (he did, for a year or so). It was a $2400 lesson, cheap tuition as that kind of education goes. Many have paid more for less. Precious metals should hold their value, but cashing them in depends on someone else having the money to pay for them, and some third party having goods that he'll sell for cash. There are reasons why we do not use gold and silver coins, and why we now have laws prohibiting the melting of pennies for raw copper (and zinc). I'll posit that a better investment is tooling for your vocation. Guys with backhoes and MIG welders have lists of favors owed as long as your arm, and can often get plumbing and electrical work done quick for no money. Our current stock market may be in somewhat of a bubble, as is real estate in general and commercial real estate in particular. Oh, and one of the middle eastern countries was said to have bought a load of gold bars that turned out to be gold-plated tungsten. X-ray fluorescence alloy testers are a bargain at $30k or so if you're doing a lot of this kind of thing. Scrap dealers like them for grading steel. TomP Our country, right or wrong. When right, to be kept right, when wrong to be put right. Carl Schurz (1829 - 1906) | |||
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| One of Us |
i am retired and have house, cars, etc paid for and so have a FEW xtra bucks, sometimes, to play with. i don't gamble, go on cruises etc. low risk money markets are paying like 1% and i want something with a higher return. of course my wife says sell all the guns. not gonna happen. yet. i realize the value of gold will fluctuate but will never be nada | |||
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| One of Us |
John: I am not big into investing in gold but have bought it in the past. In my opinion an absolute solid online company is apmex.com. I believe they are the biggest retailer (online) in the U.S. I have bought coins, silver, and gold from them. All has went very well. Take a look at it and let us know what you think. | |||
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One of Us |
Save your money and wait for gold to get cheap -sub 1400-. Buy certified one ounce American Eagles. By a semi--retired rare coin & bullion dealer 1981-current. JM-Dallas Life itself is a gift. Live it up if you can. | |||
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| One of Us |
thats the same company an investment counselor told me to use. however, he also said that it gets stolen a lot by the post office when its shipped to you. said to have it shipped to a business. whats the difference? | |||
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| One of Us |
good advice. thanks | |||
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| One of Us |
Not sure why one would be better than the other. I can only go by my experience, which has been good. APMEX also tracks what you have bought and gives you a running total on your profit/loss from the appreciation/ depreciation of your purchases. I'd say john c. is probably the best person to take advice from! On a side note, the last time I checked the inventory at APMEX, they were out of. or low on about everything. Its amazing that they sell so many of the one kilo bars. I guess there are a lot of people with a lot of cash laying around. | |||
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| One of Us |
Archimedes's principle .  Grizz When the horse has been eliminated, human life may be extended an average of five or more years. James R. Doolitle I think they've been misunderstood. Timothy Tredwell | |||
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| one of us |
Buying gold or other precious metals is expensive. As was stated buy from a reputable dealer. But then what? If you keep it at home any new buyer will want it assayed. That costs money. The only alternative is to buy it, and then pay to have it stored in a safe at the dealer. That costs money. Buying retail and selling wholesale only works if the appreciation is huge! Peter. Be without fear in the face of your enemies. Be brave and upright, that God may love thee. Speak the truth always, even if it leads to your death. Safeguard the helpless and do no wrong; | |||
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| One of Us |
One a brokerage account. Buy gld etf. Liquid, accurate pricing. Mike | |||
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| one of us |
As with any hard commodity the old advice rings true. By low sell high. As with any thing it is only worth what you have to sell it for at the time you have to sell it. | |||
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| one of us |
And, you own exactly nothing but paper...no storage fees. TomP Our country, right or wrong. When right, to be kept right, when wrong to be put right. Carl Schurz (1829 - 1906) | |||
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| One of Us |
It’s liquid and you don’t get hosed selling it. But sales will be recorded on a 1099. Mike | |||
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| One of Us |
Business delivery will not make a safer path for valuable parcels- 1. The seemingly substantial risk associated with mail losses is that First class insured U.S. Mail of any value is thrown in with all the other mail. Yep. Birthday cards, all that. Right into the hamper next to the grandsons' shoes from grandma. 2. Does your seller use first class, no insurance, only self-insured to save money? Ask them. 3. Ask the seller if you can get your purchase shipped via Registered delivery. It will most likely cost more. But, Insured Registered Mail is signed for by each handler along the way and kept in a safe until the driver arrives in most cases. It is the safest way to ship. Haven't lost one yet through the Registered mail service from the USPS.
Life itself is a gift. Live it up if you can. | |||
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| One of Us |
Gold is a hedge and price is too high now. | |||
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| One of Us |
so.....alternatives? | |||
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| one of us |
Buy collectible gold coins graded 62 or above. They carry two forms of value and they don't make any more. | |||
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| One of Us |
This election is too close to call and that's scary. Makes it real hard to decide on a strategy. If the Dims win, market will tank. But don't want to sell short because I really think Trump will pull this out. The American people really can't be that stupid in spite of the main stream media. | |||
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| One of Us |
I don't know. What was it H.L. Menken said, "No one ever went broke by underestimating the intelligence of the American people." Never mistake motion for action. | |||
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| one of us |
Regardless of the election, this year's dip in GDP hasn't been reflected in the stock prices yet. I think the election is background noise in comparison, and expect to see something in October. TomP Our country, right or wrong. When right, to be kept right, when wrong to be put right. Carl Schurz (1829 - 1906) | |||
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| One of Us |
I have bought from money metals exchange. Package arrived with a discreet return address. Something like fulfillment center. | |||
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| One of Us |
Perhaps we should get back to brass tacks (not gold) in the interest of truth. Right now the commodity of the coin is in a decline when one relegates it with lead (AKA ammo) [the coin of the realm today] Never mistake motion for action. | |||
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