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Recommendations - where to purchase gold

Discussion in 'Financial Cents' started by Bandit99, Jul 12, 2016.

  1. Bandit99

    Bandit99 Monkey++

    I am looking for recommendations of companies where you have purchased gold bullion and gold coins in the past. I am not interested in silver at this time. Also, if there are any that I should stay away from...

    I can get a hoard of them off a Google but would prefer a recommendation.
  2. Cruisin Sloth

    Cruisin Sloth Special & Slow

  3. oil pan 4

    oil pan 4 Monkey+

    Go to APMEX
    Stay away from ebay.
    And don't buy while the price is soaring (now).
    If I was home I would be selling all my gold right now since I paid about $1200/toz for it.
    AD1 likes this.
  4. Motomom34

    Motomom34 Moderator Moderator Site Supporter++

  5. Bandit99

    Bandit99 Monkey++

    No, I would not even consider eBay. It might be quite a while before gold falls again. I can't see any reason for it to fall in the near future. In fact, the opposite, especially if Russia or China does announce a gold backed currency...that will be game over for the dollar.
    And, you sell via where and how? I assume you are selling through APMEX also?
    I looked at APMEX a few years ago and they were one of the better ones at that time...
    3M-TA3 likes this.
  6. oil pan 4

    oil pan 4 Monkey+

    I have only ever sold to afghan jewelers and back APMEX.
    If I was going to do a massive gold and silver off load I would likely sell the silver on ebay or back to apmex and the gold to apmex. I would not sell it on here because none of you deserve to be ripped off by current market prices.
    But prices will likely return near enough to normal to make it not worth selling by the time I return state side.
    Banks actually don't want to mess with gold (aka real money).
  7. Bandit99

    Bandit99 Monkey++

    @oil pan 4 Are you investing in bars, rounds, or coins? I am thinking 1oz increments either bar/round or Buffalo's. I think 1oz would be easier to off load, especially coins...but since I am think of wealth preservation maybe bigger - 10oz bars might be better? Any advice?
  8. oil pan 4

    oil pan 4 Monkey+

    Bars only. Coins seem to always demand a higher price per ounce.
    I believe it will be very hard to spend 1 ounce of gold in one place.
    If you want gold to trade I recommend getting 10 and 20 gram bars. Anything less than 10 grams and the over all price per ounce skyrockets. Buying in bulk doesn't save much. The price per ounce plateaus at about the 50 gram mark. 1 ounce bars are usually the best deal.
    I would not recommend something like a 10 ounce, just think, that's pretty much a cheap new car worth of gold right now.
    Out of all the gold I have most of it is 1 ounce, I don't have anything larger than 1 ounce and nothing smaller than 10 gram.
    I would like to get a 50 gram bar or 2 at some point, after the price goes back down.
    The best buy last time I bought gold was Istanbul refinery ounces. But pamp Susie is the most recognizable brand.
    Those are the only 2 I buy.
    If you really want to buy small gold then there is always industrial gold "shot". Jewelers and dentists buy this.
    Bandit99 likes this.
  9. chimo

    chimo the few, the proud, the jarhead monkey crowd Site Supporter+

    APMEX sells on Ebay...you can usually save on the shipping if you order from their Ebay store rather than from their website. There are some other reputable sellers on Ebay as well. Aydin Coins is one of them.
    3M-TA3 and Bandit99 like this.
  10. Seepalaces

    Seepalaces Monkey Site Supporter+

    I know the people who own this business and they are good folks. Their son is a youth group leader at our church. They're honest and I don't recommend people lightly. Gold, Silver, Platinum, Palladium, and US Coins in Salem, OR Though, I tend to suggest that gold should be the last thing you add to your preps.
  11. Cruisin Sloth

    Cruisin Sloth Special & Slow

    AND if you do buy , as Ms Sea posted .
    BUY real coins and in psychical things , paper gold is like your 4.5 mill in Fiat numbers , Minted coin from Canada, is 9999 and pure , USA also is / is / SOME ! , Bricks or bullion needed to be X-ray-ed each time & You / buyer pays . My USA minted is from -1965
    ended in 1969 due to dropped the .99%
  12. oil pan 4

    oil pan 4 Monkey+

    Yes "paper gold" is what started this fiat money problem we have now.

    The only ebay sellers I would buy from are APMEX on ebay only for small buys, its cheaper to deal directly with them for larger buys and send them a bank certified check.
    The ebay seller I deal with for small buys is "Silver Towne" their stuff is legit. I have sold and traded their silver to afghan jewelers and when I go back to their store they are still happy to see me and have not tried to cut anything off.
    Other dealers on ebay I would try would be liberty and MCM. Other major sellers that have 5 and 6 digit feed back scores in the 99% range are also likely a safe bet.
    oldawg and AD1 like this.
  13. oldawg

    oldawg Monkey+++

    Oil makes a good point about ebay. As an ebayer I both buy and sell regularly as a home business look at their rating. It will tell you a lot about that buyer/seller's integrity. As some will gripe about anything a feedback rating of around 99% or so is as close to a guarantee of honesty as you'll find anywhere. Mine stands at 99.8% and I know how hard it is to maintain. Next look at the number of transactions over what period of time. The higher and longer those numbers are is another fair gauge of a business.
  14. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    Best buy on gold? Only if you have cash in hand.
    Go to a cash for gold store front. Wait for someone to head for the door. Ask them if they are selling gold in the form you are looking for. Know your gold. Tell the individual that you'll pay 10% more than the store owner will.

    You'll make out like a bandit. I picked up a pair of 1/10th oz maple leafs for 95 each last year when spot was 1100+ and the coins were selling for 135 on apmex. Made really nice graduation gifts this summer ;)
    Cruisin Sloth likes this.
  15. Cruisin Sloth

    Cruisin Sloth Special & Slow

    Use a scale & know what a troy OZ ounce is , and if it's 1/10 of a troy oz it's so many grams ..
    Stay away from any jewellery , it's normally attached to high maintenance items .
    VisuTrac likes this.
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