Gold bottomed yesterday

[Joseph Hart]

BUY NOW! Gold up +48 at 12:00 today

 

[Jeremy]

can i borrow some money from you? =)

 

[sevin]

wow. Anyone think it will go back down?

 

[reduen]

It will go back down this afternoon... I would not buy gold for more than $700..

 

[jonahtrainer]

It will go back down this afternoon... I would not buy gold for more than $700..

Do you have any for sale because I am looking for some.

 

[mport1]

Where is the cheapest place I can go to buy gold and silver coins? It is overwhelming the number of places, types of coins, and prices to buy the stuff. I'm probably going to put $1,000 into it. Thanks.

 

[raystone]

BUY NOW! Gold up +48 at 12:00 today

If you actually knew when any commodity bottomed, you'd be the RPF mystery millionaire.

 

[Scribbler de Stebbing]

Physical gold and paper gold or gold shares are two different things. Physical gold is in high demand, and the price has responded accordingly. Gold bullion is getting somewhere around $900/oz, though I haven't checked it in the past few weeks.

Did you hear Bernanke tell RP that the reserve banks have discussed selling their gold? Maybe they do this on a regular basis, but were they evil, they could also dump gold to bring the price down. Surely they wouldn't do that.

 

[gls]

Where is the cheapest place I can go to buy gold and silver coins? It is overwhelming the number of places, types of coins, and prices to buy the stuff. I'm probably going to put $1,000 into it. Thanks.

If you don't mind waiting 60 days for the rebate, live.com is doing a promotion where you get 25% cash back (max $200 per transacation) from eBay buy it now listings. There are some stipulations, such as you have to use PayPal, but in terms of the final cost I doubt you'll find a better deal anywhere else.

 

[rockandrollsouls]

Physical gold and paper gold or gold shares are two different things. Physical gold is in high demand, and the price has responded accordingly. Gold bullion is getting somewhere around $900/oz, though I haven't checked it in the past few weeks.

Did you hear Bernanke tell RP that the reserve banks have discussed selling their gold? Maybe they do this on a regular basis, but were they evil, they could also dump gold to bring the price down. Surely they wouldn't do that.

I don't think you've actually tried to buy gold. I can get it easily for 50 over spot...thats not anywhere close to 900 an oz.

 

[Elwar]

Where is the cheapest place I can go to buy gold and silver coins? It is overwhelming the number of places, types of coins, and prices to buy the stuff. I'm probably going to put $1,000 into it. Thanks.

Cheapest is either going to a coin expo or buying coins from someone on e-bay who is basically just selling it to get it out of their basement for some quick cash.

I've only purchased gold once but I was pleased with the ease of kitco.com (actually, I bought a gold coin once on e-bay and never received it).

For Kitco you send a cashier's check with some official bank thing that your teller knows about (I forgot what it was). They ad the money to your online account much like an online trading company. Then you just choose how much of whatever you want to purchase.

The commission is something around 3% to buy. They pretty much keep your gold on hand as their overstock until you want to sell it. Or you pay another 3% or so and they'll ship it to you.

I bought $20k worth at $400/ounce...I sold it at $425 an ounce...I should've kept it in another two years and sold when it was at $800...oh well.

Kitco also doesn't keep any records of your profit...