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#1 |
Confirmed User
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Join Date: Oct 2002
Location: In wonderland..
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Investing/dumping cash into gold
I'm about to start a round of dumping some cash in gold, because of a lets face it unstable world.
What's the best stuff to purchase today, certified gold bars, bullions, other tangibles, what are you getting ? I was recommended american gold eagles, easy to sell or trade if needed but was also told also to diversify my investments. Would love to hear suggestions and other ideas from the experts of gfy.
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#2 |
Icq: 14420613
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you can pick up 1oz bars on ebay
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#3 |
TPMN
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Pawn shops?
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#4 |
It's 42
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Join Date: Jun 2010
Location: Global
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Have you considered just where you will store the gold?
The Greek government shut all the banks down for weeks when there was a crisis ![]() Bury it in your backyard, store it uninsured in a home safe in the basement? |
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#5 |
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I like e-bay. I have only bought silver though. Also
Buy Gold & Silver Bullion Online | Free Shipping - JM Bullion and Gold and Silver prices, Silver Bars, Gold Bullion Coins | APMEX These guys sell on ebay too. |
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#6 |
I help you SUCCEED
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Location: The Pearl of the Orient Seas
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The smart money's pouring into BONDS.
BONDS were beaten up prior to Friday........ NOT ANYMORE! |
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#7 |
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Oh yeah. I tend to go for rounds. I like stuff with a cool design. I will pay a little extra for something like "Year Of The Dragon" or "Year Of The Snake". Always have to say 1 Once .999 Silver.
You probably already know this - but stay away from anything clad or leaf. |
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#8 |
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Looks like gold rallied this week as shorts got squeezed, could be a turning point as the fourth quarter tends to be a period when gold rallies due to higher demand from India/China festival periods and usually goes into at least February due to Chinese new year.
Then there's the all the talk coming out that raising rates in September is now likely off the table but commentary I read says that the buildup to raising rates has already been priced in and even if rates go up, they'll stay low for a very long time and comfortably below the rate of inflation (which is higher than what's reported). Plus we have an overdue stockmarket correction (Dow closed down 500pts on Friday). Then last week I read Druckenmiller (Soros ex partner) put a big bet on Gold in second quarter: Stanley Druckenmiller's $300 Million Bet on Gold - Equities.com - Global Financial Community I would suggest your timing is good.... it's prudent for everyone to have (at least) 10% exposure to gold and/or silver but physical should ideally be geographically diversified from a storage point of view. Whilst I very much doubt the US would confiscate people's gold again, it might be sensible to store outside your country of residence because when things turn bad your government will love your gold as much you do. |
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#9 |
FUBAR the ORIGINATOR
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nice rally this week
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#10 |
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When seriously investing into gold (and not into numismatics, etc.), the only real option is gold bars.
Personally I am not that much interested about gold, unless you prepare to some scenario where you would use it simply for trading common goods. Anyways, as most people don't have gold, there would be other means to trade too. Probably just plain cash. They use it in Zimbabwe too despite of all the shit. |
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#11 |
Join Date: May 2008
Posts: 9,802
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Can you tell me, please, when exactly the world has been stable during the past 2,000 years? Very appreciated
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#12 | |
cuck
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#13 |
Exploiting human weakness
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But Krugerrand s from golddealer.com. Paying extra for Gold Eagles is gay.
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#14 | |||||
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Quote:
Backyard or hidden in basement, why not... Quote:
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Over here there's about $11 bucks difference, no big deal. Nothing wrong getting 3 kruger and 3 gold eagles to diversify even if both are gold. What you guys think of the fortuna PAMP bars ? I'm considering getting a few of those as well.
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#15 | |
See signature :)
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Quote:
Paying extra for design ![]() Diversify in weights only. |
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#16 | |
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Quote:
Like this: 10 oz Gold Bar - Credit Suisse (w/Assay) | Credit Suisse (Gold Bars & Rounds) | APMEX Or this (0,6 % more expensive per oz): 1 oz Gold Bar - Credit Suisse (In Assay) | Credit Suisse (Gold Bars & Rounds) | APMEX |
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#17 | |
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Quote:
Kyle Bass loves Gold: Bloomberg sees possibility of wild card event leading to $64,000/oz Gold (over 50 times current price): Chinese Gold Standard Would Need a Rate 50 Times Bullion’s Price - Bloomberg Business |
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#18 |
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isn't gold dropping?
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#19 |
Femcams.com
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I hate buying silver on ebay never know if they are real or not
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#20 |
Registered User
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Make sure you don't have a room full as it can take weeks to unload and be very risky to transfer.
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#21 |
So Fecking Bummed
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A lot of gold on eBay is fake
Buyers beware. |
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#22 |
Promoting Debate on GFY
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Apparently you have to buy lego; lego is gold
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#23 |
See signature :)
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#24 | |
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Quote:
Although, I notice that the big dealers are on e-bay. JM Bullion Ebay store, NGC and PCGS Certified Coins items in JM Bullion store on eBay! If I were to get into gold. I probably would buy gold on e-bay from JM Bullion's ebay store, Once I did more research and verified that was their store. And if the e-bay store price was cheaper that their website. |
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#25 | |
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Quote:
Buy Gold and Silver, Sell Gold and Silver - GoldSilver.com Gold Coins Minneapolis | Gold Bars St. Paul | Silver Coins and Bars | Platinum and Palladium Bars | Miles Franklin Scottsdale Mint - Home |
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#26 |
Geo Cities
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Fake Gold Bar Credit Suisse 1oz 24ct Layered Bullion Bar Ingot Replica | eBay (Fake gold bars with Customized logo - Free artwork and design,all size is welcome)
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#27 |
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Chinese Stockmarket just fell 9% ...... largest drop since 2007.
China?s Stocks Sink Most Since 2007 as State Intervention Fails - Bloomberg Business |
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#28 |
So Fucking Banned
Join Date: Jul 2006
Posts: 342
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i believe diamonds are more convenient in crisis, better to move, better to trade
big hustlers have diamonds hidden somewhere,hard to find |
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#29 |
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Diamonds just have value due to cartels and marketing
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#30 |
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To trade with who? Do you know much diamond experts? Or if we go to another road; pieces of glass will do the same.
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#31 | |
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Quote:
De Beers Said to Cut Diamond Prices as Much as 9% - Bloomberg Business |
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#32 | |
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#33 |
I help you SUCCEED
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Isn't it better and easier to trade ETFs instead of physical gold?
By the way, people flocked to treasury bonds when the market CRAPPED OUT recently. Expect more of that as China BURSTS the Global Asset Bubble I wouldn't be surprised if the Dow hits 6500 or lower within 2 years. |
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#34 |
Retired
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Silver over gold. Please consider Bitcoin as an investment too. And a solar powered atv!
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#35 | |
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Quote:
(1) Silver is MUCH rarer than Gold (above ground) - and yet few people know this. (2) Silver is consumed at a vastly growing rate & therefore not much floating supply. (3) Is the most conductive element in the world & therefore has huge industrial uses including solar as you mentioned. (4) Mine supply is approaching a peak and will soon decline. The downside is that in a global economic slowdown.... less industrial demand means more supply and therefore lower prices. In a QE or inflationary environment, Silver will still do well but perhaps not as well as it could if there was also industrial demand at peak levels. |
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#36 |
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I bought over 1000 oz of silver on ebay when it was below 10 and sold it for melt at 17 - 20. No one with good feedback has the time to fake a johnson and matthey ingot of silver, that is just stupid. All that was a pain in the ass to hold as well, I had one 100oz bar for a door stop.
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#37 |
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In my opinion. Don't mess with the gold bars, to many fakes out there and you will be upset when you pay $1100 + for a clad bar. Stick with Bullion, from Canada or UK. The gold is 24k and the US american eagles are only 22k.
Canadian Coins are very nice to look at as well as the UK Britannia! ![]()
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#38 |
Exploiting human weakness
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Again....buy Krugerrands. Many shops that deal with gold will only pay you melt value if their are nicks and scratches on Eagles and Maple Leaves. Krugerrands have a little bit other metals mixed in to make them stronger. Actually I think Eagles have some other metals mixed in as well but I know that Maple Leaves are very soft and get nicks very easily. But I would not know because it is retarded to pay a premium for an once of gold just because it is from Murica. Dumb as fuck actually.
Also Silver is bulky compared to Gold. You can care huge amounts of $$$$ in gold in your pockets and if you wanted to carry that much silver you would have to load up a truck. |
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#39 |
Too lazy to set a custom title
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I really think if i bought physical gold i'd bury it the backyard. The thing is if I have $100K of gold bars how do i turn it into paper when I choose to with the least risk? Crazy to sell/trade online I'd think. To buy it online surely you can't use a credit card or online check?
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#40 | |
Exploiting human weakness
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#41 | |
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Quote:
Buy Gold & Silver Bullion Online With GoldMoney | Est. 2001 You can buy or sell at spot price in any of the four majors. They buy/store the metal for you on your behalf and you can choose where its kept but you also can take delivery at any time. Fees are pretty reasonable but when I took delivery I didn't think it was extremely cheap. They're in the process of introducing a debit card so you can spend from your gold account. |
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#42 | |
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#43 | |
See signature :)
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Having physical gold is real thing, having a note in some major economical or doomsday collapse is another... |
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#44 | ||
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Quote:
Quote:
Roosevelt's gold confiscation: could it happen again? - Telegraph |
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#45 |
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#46 | |
So Fucking Banned
Join Date: Jul 2006
Posts: 342
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Quote:
theres a jewelery in every smaller city and diamonds are used to be traded with certificates that are hard to fake , at least in europe where people are experienced to suffer complete devaluation of money , not talking about the usa, things are maybe different there... anyway you cannot pay with gold bars at a grocery store or gas station neither here or in the usa . try to board an airplane with 2 kilos of gold without getting noticed by tax or security authorities, you maybe get the advantages of diamonds |
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