How do you buy gold and silver?

[fsk]

Has anyone out there bought gold and silver online?

What dealers are reputable and offer the best price and privacy?

How can you be sure that your transaction isn't reported to the government?

How do you check to make sure you're actually getting gold and silver coins? How do you know, for example, that someone isn't selling you silver-plated copper coins?

Where do you store your metal after purchase?

 

[Original_Intent]

www.kitco.com

 

[Green Mountain Boy]

Do some reading here: http://goldismoney.info/forums/forumdisplay.php?f=63

.

 

[Bradley in DC]

Lots of options. Several dealers are supportive of Dr. Paul. Google him and gold and you'll find some.

If you want electronic gold try goldmoney.com or egold.com

If you want a bank with gold denominated CDs, etc., try Everbank.com

With local places, you could go in person an buy anonymously too.

 

[Pauliana]

I'm not so sure about eGold after a few issues they are having with the gubmint.

http://redtape.msnbc.com/2007/05/feds_accuse_ego.html

For one, its not anonymous... for another, they are on the radar and I'd be paranoid.

 

[angelatc]

This is a bit off topic, but back in the day before eBay got so heavy handed, egold was a commonly accepted method of payment there. I got curious about it, but before I figured out what it was all about, they banned it.

 

[specsaregood]

http://goldismoney.info/forums/forumdisplay.php?f=150

I've used and recommended www.apmex.com

They are really tough to beat, from what I have read.

And safety deposit boxes have downsides, depending on your level of paranoia. Do some reading around and you may change your mind on whether to trust the bank with your gold/silver.

 

[Spirit of '76]

I've used and recommended www.apmex.com

They are really tough to beat, from what I have read.

I like APMEX.

 

[dsentell]

I purchase bullion two or three times a year and always use and highly recommend www.apmex.com.

They are dependable and fast.

I have a high level of paranoia and would never store anything of value in a bank safety deposit box. I have a safe hidden at my home (of course that sometimes causes paranoia also!)

 

[fsk]

I certainly would not keep my gold and silver in a bank safe deposit box. I wouldn't trust them. The bank is probably obligated to report my deposit box's contents to the government.

I've been thinking of having a hidden safe in my home. I've also been thinking of storing the metal with friends and relatives.

 

[RonPaulGetsIt]

Tulving.com,goldsilverbullion.com and coloradogold.com are all reputable and you can be sure you are getting the real thing. If you are concerned about privacy I'd go w/ colorado gold, but I think they are all good about privacy.

They each have have slighly better prices depending on quantity and what product. The first 2 prefer a wire - coloradogold will take a check but you have to wait til it clears of course before he ships.

 

[derdy]

I certainly would not keep my gold and silver in a bank safe deposit box. I wouldn't trust them. The bank is probably obligated to report my deposit box's contents to the government.

I've been thinking of having a hidden safe in my home. I've also been thinking of storing the metal with friends and relatives.

Plus if they close the banks up to stop bank runs, there's no guarantee you'll ever get it out of the deposit box at all.

 

[fluoridatedbrainsoup]

I just go to coin shops and buy walking liberties, morgans, peace dollars and franklin halves. Totally anonymous, a bit over four bucks per half, 10-12 for the morgan and peace culls. If you do this over the course of several years, a little bullion here a little there, at the end of it you will have some serious weight on your hands. And each trip to and from the coin shop is pure enjoyment, because I'm exchanging PAPER for SILVER.

yeah baby!

 

[LibertyOfOne]

I bought gold from www.pandaamerica.com. Didn't have any problems with them. I also would recommend the following.

http://www.nwtmintbullion.com/
http://www.apmex.com/
http://www.ccsilver.com/

 

[lucius]

I just go to coin shops and buy walking liberties, morgans, peace dollars and franklin halves. Totally anonymous, a bit over four bucks per half, 10-12 for the morgan and peace culls. If you do this over the course of several years, a little bullion here a little there, at the end of it you will have some serious weight on your hands. And each trip to and from the coin shop is pure enjoyment, because I'm exchanging PAPER for SILVER.

yeah baby!

Yes, you do feel like a pirate on the way home. BTW, my wife lost $30K in cash out of a Chase safety deposit box--I wouldn't go that route.

 

[bcmiller]

What is the best type of Gold to buy if you want to turn it back into Fed notes later? Or do you have to? Can you spend the gold itself?

I see a bunch of coins and then "gold shot" that is just a lump of gold.

 

[LibertyOfOne]

What is the best type of Gold to buy if you want to turn it back into Fed notes later? Or do you have to? Can you spend the gold itself?

I see a bunch of coins and then "gold shot" that is just a lump of gold.

Gold bullion would be your best bet. Don't buy collector coins that is for sure if you are looking for liquidity. You won't always get back what you paid for in that instance. Gold bullion coins or bars that don't have any added value above the spot metal price are the best bet.

Another bad thing about collector coins is that they could lose their added value if the economy takes a dump.

 

[LibertyOfOne]

Yes, you do feel like a pirate on the way home. BTW, my wife lost $30K in cash out of a Chase safety deposit box--I wouldn't go that route.

If you don't mind me asking. How did they manage to get away with that?

 

[Kregener]

Certified Mint

Resource Consultants

I have..."experience" with both of these firms.

And I second the recommendation to not keep anything you value in a bank safe deposit box. When the collapse happens and they padlock the bank doors, you will not be retrieving anything, and will most likely lose it.

 

[LibertyOfOne]

That is a good recommendation. One thing you have to make sure is that if you get a safe in your house make sure it is bolted to the floor/wall from the inside.