Who has physical gold and silver coins and bars?

[Quotealex]

Raise you hand if you own any physical gold and silver, not stocks or certificates? If so where do you buy them?

[John-ACWM]

I had some silver coins. If I get a hold of them I'll let you know

[stickyfingerz]

quite a few on this board, I know at least one that can point you in the right direction, but won't speak up for him.

[EthnicLover]

Must be some people here that are collecting silver and gold. There own little Fort Knox.

[Vendot]

Ive got some.

http://goldmoney.com

You dont need a vault if you trust the company that holds it for you.

[Quotealex]

Originally Posted by Vendot

Ive got some.

http://goldmoney.com

You dont need a vault if you trust the company that holds it for you.

Nope I don't trust any company hold it for me. I want it in my possession, not a paper that says I own an allocated or unallocated lot of gold or silver...

[IllTestYourGirls]

If you want to buy online http://apmex.com/ and sometimes ebay has good deals on silver (never bought gold on ebay)

Or call your local coin shops they might have a better deal and no shipping costs.

[Brujah]

http://kitco.com

[Way3]

Sometimes you can get them at Coin stores, some banks, and pawn shops!

[Jack Sparrow]

There was someone selling gold last week on gfy.
Wouldnt buy it from him though ;)

[Quotealex]

Originally Posted by IllTestYourGirls

If you want to buy online http://apmex.com/ and sometimes ebay has good deals on silver (never bought gold on ebay)

Or call your local coin shops they might have a better deal and no shipping costs.

I like their price for their 100oz silver bar, only $1.29/oz over the spot

[Vendot]

Originally Posted by Quotealex

Nope I don't trust any company hold it for me. I want it in my possession, not a paper that says I own an allocated or unallocated lot of gold or silver...

I have my own lot in safety deposit storage too but right now, I think goldmoney looks like an attractive option as physical gold is generally selling way above spot price. Its simply not available at a reasonable premium, especially in popular forms like american eagle or krugerrand.

Goldmoney are based in the channel islands and they have almost half a billion of gold stored in vaults in UK & Switzerland.

[d-null]

I've bought some and sold them years ago, bought them at a local gold dealer

sold them when gold was around $450 an ounce or so

had u.s. gold ounce and canadian gold ounce...

the canadian one's were cool because they were pure gold, the U.S. eagle's are only 90% if I remember correctly


it is a good feeling owning the actual physical coins or bars, but it is stressful to have to find a place to store them if you have alot

[Vendot]

Originally Posted by d-null

the canadian one's were cool because they were pure gold, the U.S. eagle's are only 90% if I remember correctly

Krugerrands are 92% - 96% if i remember rightly, so eagles should be more.

Canadian maples? I dunno...... i think its like over 99%

[d-null]

Originally Posted by Vendot

Krugerrands are 92% - 96% if i remember rightly, so eagles should be more.

Canadian maples? I dunno...... i think its like over 99%

Canadian Maple leafs are .999 gold


American Eagles are 91.67% Au 3% Ag 5.33% Cu (just under 92% gold)

[Quotealex]

Originally Posted by Vendot

Goldmoney are based in the channel islands and they have almost half a billion of gold stored in vaults in UK & Switzerland.

But how can you be 100% sure they actually have that much gold stored? There was a bank in Canada that was selling gold certificate redeemable in physical gold and where charging a monthly storage fee but no one could actually redeem their gold. They had to settle for cash!

I want to see and hold the gold and silver I buy.

[Vendot]

Originally Posted by Quotealex

But how can you be 100% sure they actually have that much gold stored? There was a bank in Canada that was selling gold certificate redeemable in physical gold and where charging a monthly storage fee but no one could actually redeem their gold. They had to settle for cash!

I want to see and hold the gold and silver I buy.

How do you know you have $1000 in your bank account? You can see it on your statement on paper or via online banking. You cant physically see the money or hold it unless you withdraw it but you mostly just assume its there based on trust.

So essentially its a matter of understanding who it is that you're dealing with and making an assessment of whether or not you want to trust them. You also consider what claims they make about guarantees.

http://www.goldmoney.com/en/guarantee.html

[Pornwolf]

I wouldn't trust Goldmoney with $100 worth of gold.

With all the shady transactions they enable they could disappear at any moment.


I have a question for anyone that may be able to answer, why isn't Gold Shot just as good of an investment as coins or bars?

[woj]

Originally Posted by Vendot

How do you know you have $1000 in your bank account? You can see it on your statement on paper or via online banking. You cant physically see the money or hold it unless you withdraw it but you mostly just assume its there based on trust.

So essentially its a matter of understanding who it is that you're dealing with and making an assessment of whether or not you want to trust them. You also consider what claims they make about guarantees.

http://www.goldmoney.com/en/guarantee.html

With banks at least the funds are FDIC insured, with gold money if something goes wrong, you are shit out of luck... if respected wall street guys can run a 50 Billion ponzi scheme for years, it wouldn't exactly be a shocker if gold money turned out to be running a ponzi scheme or some other scam too...

[d-null]

a little off topic, but this story really interested me.......

how because the face value of a u.s. gold eagle is $50, even though the coin is actually worth $900, people are claiming that if you accept payment in a gold eagle that you would only have to claim $50 revenue based on the face value denomination of the coin

the IRS was understandably pissed

http://muckrakerreport.com/id66.html

[Zuzana Designs]

I don't have either one...

[Vendot]

Originally Posted by woj

With banks at least the funds are FDIC insured, with gold money if something goes wrong, you are shit out of luck... if respected wall street guys can run a 50 Billion ponzi scheme for years, it wouldn't exactly be a shocker if gold money turned out to be running a ponzi scheme or some other scam too...

Funds are only FDIC insured in the United States but well said........ so essentially it boils down to trust. Madoff was plenty respectable and trustworthy in the eyes of those who invested with him and they made the wrong decision and therefore paid the price. Those who've invested with Goldmoney might find themselves in the same position.

However, the odds on that are quite low on balance and its always a case of "do your own research". If you can't hold too much physical gold yourself, goldmoney is quite a good option compared with other strictly non physical options like certificates. At the end of the day, the business model does make sense.

[grumpy]

Originally Posted by Vendot

Ive got some.

http://goldmoney.com

You dont need a vault if you trust the company that holds it for you.

ofcourse not, its as safe as a bank....wooooaaawwwww

[beerptrol]

I went through my stock broker. Bought 50 Canadian Maple Leafs at 300 a pop some time ago. I have them here at home in a safe

I also like to go to the local coin/gold dealers.

[VicD]

Originally Posted by beerptrol

I went through my stock broker. Bought 50 Canadian Maple Leafs at 300 a pop some time ago. I have them here at home in a safe

Where do you live?

[JFK]

Originally Posted by woj

With banks at least the funds are FDIC insured, with gold money if something goes wrong, you are shit out of luck... if respected wall street guys can run a 50 Billion ponzi scheme for years, it wouldn't exactly be a shocker if gold money turned out to be running a ponzi scheme or some other scam too...

thanks, that is about what I wanted to say as well. Bullion is NOT a good investment, unless you are in for a very long term and buy in huge bulk. I buy gold off the street daily, people from time to time bring in Credit Suisse oz wafers and demand top dollar. However when I go to sell it to my sources, I do not make enough in most cases to warrant the investment. So I send them on their way.

[EscortBiz]

buying gold in these days is more for peace of mind than investment, hold on to it dont deal with these vault companies even thou schiff says they good etc.

Be aware most selling bullion are full of BS they will give you these back dates when they ship, do not order from guys who do not take CC (most dont) and if they cannot send it that day with tracking dont deal with them (these 2 things will eliminate 95% of online sites and save you the headaches they handed out to millions)

[Donfoolio]

I have had gold feever since I was 9! I have a nice little stock of silver bars and an ounce bar of gold. Many more to come soon I hope! I buy all my stuff from ebay.

[Vendot]

Gold is definitely not an investment and its pretty volatile but it is there to hedge against downside risk and for that reason, having a small proportion of gold is a good diversification. Its also great to play with if youve got gold coins - they sound nice if you jangle them in a bag.

God forbid that currencies really do collapse, which is unlikely to happen, then gold will rise dramatically and offset some of your losses as people ditch paper currencies. On the other hand, if things really improve a great deal in the world economy, gold might fall in value quite quickly.

[DWB]

Keep it at your house and let me know where you live please. All of you.

[Doctor Dre]

Originally Posted by Vendot

How do you know you have $1000 in your bank account? You can see it on your statement on paper or via online banking. You cant physically see the money or hold it unless you withdraw it but you mostly just assume its there based on trust.

So essentially its a matter of understanding who it is that you're dealing with and making an assessment of whether or not you want to trust them. You also consider what claims they make about guarantees.

http://www.goldmoney.com/en/guarantee.html

I don't think you really 'get' the point of wanting to buy solid gold...

[V_RocKs]

Ok... Dwb!

[IllTestYourGirls]

Originally Posted by Vendot

Gold is definitely not an investment and its pretty volatile but it is there to hedge against downside risk and for that reason, having a small proportion of gold is a good diversification. Its also great to play with if youve got gold coins - they sound nice if you jangle them in a bag.

God forbid that currencies really do collapse, which is unlikely to happen, then gold will rise dramatically and offset some of your losses as people ditch paper currencies. On the other hand, if things really improve a great deal in the world economy, gold might fall in value quite quickly.

Inflation will happen. There has been too many federal reserve notes pumped into the world. China is about to sell off large amounts of FRN to fund their own stimulus packages. We are printing FRNs at an alarming rate. Obama plans to print 1 trillion more in the first 2 years he is in office just for the roads!

[farkedup]

who here is holding large chunks of gold? Also what is your address ? I would like to talk to you in person

;) ;)

[mineistaken]

Originally Posted by Quotealex

I like their price for their 100oz silver bar, only $1.29/oz over the spot

And now, few years later, for that price you can get only a gram or two, not an oz.

[Penny24Seven]

I buy on ebay, I use bid snipe about 100 auctions a day and the 1-5 I win are always lowball bids 5-10% lower then the price of gold. Most of the time coins that are worth more in gold then the value of the coin.

[facialfreak]

I have just over 300 troy ounces of physical silver .....

I'll probably will make another purchase while it's still under $30

I also have an 18K yellow gold heavy Figaro link chain, and a 7.5" 18K white gold heavy Figaro link bracelet.

Physical precious metals is one of the best investments one can make outside of commodities - which would require you to have huge warehouses to store enough to be profitable.

[mineistaken]

never mind my post, somehow I missed over the spot part

[Chris]

Silver from http://qualitysilverbullion.com/

[Chris]

Originally Posted by Brian837

I buy on ebay, I use bid snipe about 100 auctions a day and the 1-5 I win are always lowball bids 5-10% lower then the price of gold. Most of the time coins that are worth more in gold then the value of the coin.

how long ago did you do this? I've given up on ebay.

[mineistaken]

Originally Posted by facialfreak

I also have an 18K yellow gold heavy Figaro link chain, and a 7.5" 18K white gold heavy Figaro link bracelet.

Physical precious metals is one of the best investments one can make outside of commodities - which would require you to have huge warehouses to store enough to be profitable.

interesting about jewelry. Its not typical investment in metal price as only part of the value is the weight of the chain. Would you say its better than gold bars?

[slapass]

I am short gold so sort of hoping you guys all sell and buy stock.

[mineistaken]

http://www.ebay.com/itm/1oz-TROY-OUN...em257b69 4428 1 oz gold coin, whats up with the price?

or this:
http://www.ebay.com/itm/1997-5oz-TRO...60984129532%26
isn't that the price of 1 oz and its 5 oz there

[greg80]

Originally Posted by mineistaken

http://www.ebay.com/itm/1oz-TROY-OUN...em257b69 4428 1 oz gold coin, whats up with the price?

or this:
http://www.ebay.com/itm/1997-5oz-TRO...60984129532%26
isn't that the price of 1 oz and its 5 oz there

This is not real gold or real silver. It is CLAD, means that it is only laid with gold/silver on the ouside. This is WORTHLESS.

[mineistaken]

Originally Posted by greg80

This is not real gold or real silver. It is CLAD, means that it is only laid with gold/silver on the ouside. This is WORTHLESS.

Yep, no point on buying those.. but since they sell it, does anybody actually buy those?

[StickyGreen]

Originally Posted by slapass

I am short gold so sort of hoping you guys all sell and buy stock.

Why would you be short gold right now?

We're at a bottom and it's about to shoot back up...

[d-null]

how about old pentium cpu's for their scrap gold content

[Supz]

Originally Posted by d-null

how about old pentium cpu's for their scrap gold content

I know a guy who makes 6 figures a year getting scrap batteries with Silver in them. Its a pretty big now.


Anyone want to sell there gold? Ill buy it...

[facialfreak]

Originally Posted by mineistaken

interesting about jewelry. Its not typical investment in metal price as only part of the value is the weight of the chain. Would you say its better than gold bars?

I dunno about "better" than gold bars .... but a thief will have to pry it from my dead body if they want it ... including the government.

The problem I have with gold/silver bars, is if you are not storing them in a hole in the ground, you stand the very real risk of your bank/government stealing them from you ... if shit gets real, the first thing the government will do is make owning gold and silver illegal, and they will search and seize any held in safety deposits ... they did it in 1933 (EO 6102), and they WILL do it again!!

I hope I will never live to see the day the economy collapses, but I always have a backup plan in case it does!!

When the economy went to hell during the great depression, the Rockefellers and Rothschilds blatantly robbed America, buying up defaulted loans at about 5 cents on the dollar! The only people who weathered the storm, were those that had their riches on their persons - mostly stored as physical gold and silver. History always repeats.

[mineistaken]

Originally Posted by greg80

This is not real gold or real silver. It is CLAD, means that it is only laid with gold/silver on the ouside. This is WORTHLESS.

One more listing I do not understand:
http://cgi.ebay.com/ws/eBayISAPI.dll...:B:ONA:GB:3160

50 grains of silver is about 3 grams of silver and current bid is 49$ while you can buy 31 gram bullion for that amount and still have money left. What am I missing here?