I want to invest in gold ( need advice)

paulpwns

paulpwns

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Joined
Sep 5, 2007
Messages
1,089
I want to put 25,000 into gold. Should I buy gold bullion bars, or invest in the GLD at 75.00 a share. Any advice would be appreciated.
 
Buy physical gold and go with bullion bars (or coins but gold is gold). Stay away from GLD since things are very unstable right now. Some are predicting Comex may default by the end of the year.
 
TruthisTreason said:
http://www.blanchardonline.com/
Click to expand...

That is who I used for my last purchase, but before you use them, why don't you give Camino Coins a call. It was run by Burton S. Blumert who is a big Mises guy and a close personal friend of Ron Paul and Lew Rockwell.

http://www.caminocompany.com/

Now, I don't know what premiums they currently charge, but one thing I found that could be a good sign is this note on their website.

Buying from Camino Coin is very easy.
• Our traders do not work on commission.
• All prices are based on current, up-to-the-minute, market values.
• We provide quotes over the phone - (800)-348-8001.
• All prices are indications until you receive an order number.
• Once you receive an order number, prices are locked in.
Even if the market changes, you will still get your coins at that price.
• We do not except credit cards.
(credit card companies charge us 2.5%, which is more than our markup!)
• Once your payment has cleared and your order is filled, we will then ship your coins via
USPS Registered Mail, fully insured.
• Although your prices are locked in, there is a 30 day delay from date ordered to date
received.
• When your coins are shipped, you will be contacted with a tracking number.
• Someone will need to be available to sign for the package.
• The following is the list of shipping fees;
1) Orders less than $3,000 – $25 Fee
2) Orders from $3,000-$20,000 – $30 Fee
3) Orders over $20,000 – No Fee
Click to expand...

Not sure if that's true anymore about the markup (which could be the premium above the margin they have to pay from a mint/wholesaler that would put them inline with Blanchard), but I believe it'd be worth giving them a call and speaking with them (might want to mention you're a Ron Paul guy).

HTH
 
Last edited:
Cowlesy said:
That is who I used for my last purchase, but before you use them, why don't you give Camino Coins a call. It was run by Burton S. Blumert who is a big Mises guy and a close personal friend of Ron Paul and Lew Rockwell.

http://www.caminocompany.com/

Now, I don't know what premiums they currently charge, but one thing I found that could be a good sign is this note on their website.



Not sure if that's true anymore about the markup (which could be the premium above the margin they have to pay from a mint/wholesaler that would put them inline with Blanchard), but I believe it'd be worth giving them a call and speaking with them (might want to mention you're a Ron Paul guy).

HTH
Click to expand...


"Even if the market changes, you will still get your coins at that price."

Isn't that true for almost any respectable online dealer?
 
I am worried about keeping my physical gold safe. I am weary of safety deposit boxes. Any suggestions?
 
TheAmistad said:
"Even if the market changes, you will still get your coins at that price."

Isn't that true for almost any respectable online dealer?
Click to expand...

I highlighted the wrong line, I meant to hit the one below it.

(isn't a fan of Firefox so far)
 
Don't tell anyone you have them, and get someplace safe to store them.

30 coins would fit nicely in a soup can at the back of the cupboard =P
 
gerryb said:
Don't tell anyone you have them, and get someplace safe to store them.

30 coins would fit nicely in a soup can at the back of the cupboard =P
Click to expand...

Maybe we should meet up sometime later this year at your house for few beer?

I'll bring the beers. :p
 
i would buy gold through http://goldmoney.com/ instead of using GLD.

the perth mint is probably second best to goldmoney.com and peter schiff can sell you perth mint gold.

but everyone should have some physical gold also. so i'd go with some physical gold coins/bullion and some gold though goldmoney.com or the perth mint.
 
TruthisTreason said:
Perth mint.

These guys could help with that: http://www.europac.net/
Click to expand...

Looks like the Perth Mint is suspending orders for now.
http://www.theaustralian.news.com.au/business/story/0,28124,24687337-643,00.html

Perth Mint sales and marketing director Ron Currie said the unprecedented demand had forced the Mint to cease orders until January, with staff working seven days a week, 24-hour days, over three shifts to meet orders.

He said Europe was leading the demand, with Russia, Ukraine, Middle East and US all buying -- making up 80 per cent of its sales. One European client purchased 30,000 ounces for $33 million.

"We have never seen this before and are working right at capacity. And we are seeing it from clients in the shop buying one ounce, right up to 30,000 ounces from overseas clients," Mr Currie said.
Click to expand...
 
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