Recommend me where to buy physical gold (online)

[Corydoras]

One more place you might want to look at - a very interesting auction site - which, however, I have not used:

http://www.oneoverspot.com

 

[billjones]

I guess each site varies day to day because today Gainesville has the best prices. Hmm...

 

[billjones]

I haved used the following:
Apmex
Golden Eagle
Rarecoin Collector

Positive or negative reviews?

 

[Jeez]

They have been good only hiccup was with Apmex which requires credit card billing address to be the same as your shipping address.

 

[Corydoras]

They have been good only hiccup was with Apmex which requires credit card billing address to be the same as your shipping address.

But if you wire money to them, Apmex will ship to your office or whatever.

 

[GunnyFreedom]

Try to buy recognizable pre 1960s silver coins. It would be better recognized and easier to hide from theft as well as the benefit of people recognizing it for quick transactions in the event that the dollar goes hyper inflated.

I avoid this, as people who don't know PM's will have a hard time getting past face value. I prefer silver bars in 1oz 5oz and max 10oz. Small enough to transact if needs be, different enough from coins to avoid ANY confusion.

I just bought another 10 1oz bars today, on the dip.


ETA -- I use APMEX and like them plenty. I did notice their overspot rates just went up.

 

[billjones]

Here's the National Inflation (NIA) website's reviews of Gold/Silver dealers for anyone interested. It seems pretty unbiased.

http://inflation.us/reviews/

 

[billjones]

I avoid this, as people who don't know PM's will have a hard time getting past face value. I prefer silver bars in 1oz 5oz and max 10oz. Small enough to transact if needs be, different enough from coins to avoid ANY confusion.

I just bought another 10 1oz bars today, on the dip.


ETA -- I use APMEX and like them plenty. I did notice their overspot rates just went up.

I've thought about this and am hesitant to buy junk silver for that very reason. What about silver rounds? Why do you prefer 1 oz bars over the rounds?

 

[Badger for Paul]

I've had good experience with Bullion Direct. I like that you can make multiple purchases over time and they will hold them until you request delivery. That way, you can choose when to take delivery and group the purchases into a single shipment to save on shipping.

 

[Corydoras]

people who don't know PM's will have a hard time getting past face value.

And it's not entirely unreasonable, if you don't know offhand that old coins are 90% silver and neither sterling nor fine silver. And after all, nickels don't show copper on their edges, and they aren't made of silver, either.

People are astonishingly unsophisticated about coins. I use dollar coins a lot, and I am amazed at the number of people I meet who think that there is gold in them.

By the way, Lydian Mint sells 1/10 oz. silver rounds.
http://lydianmint.com/lionsilver.xml

 

[billjones]

If I wanted to buy a lot, I'd go with Tulving, but as the joke goes, You Must Be This Tall To Ride at Tulving.

I must have missed this the first time through. Tulving does have the best prices on the net no doubt. But they aren't BBB accredited. And their website is really unprofessional. So I am hesitant, especially since I'm not investing a trivial amount of money.

Can anyone reassure me that they are a solid company?

 

[billjones]

One more thing. Should I worry about the bullion being certified? I read on Blanchard's site that that won't buy back any coins unless they have been certified.

 

[pmbug]

Here's the National Inflation (NIA) website's reviews of Gold/Silver dealers for anyone interested. It seems pretty unbiased.
...

If you want reviews, read what customers are saying:

http://www.tfmetalsreport.com/forums/bullion-coin-dealers

I must have missed this the first time through. Tulving does have the best prices on the net no doubt. But they aren't BBB accredited. And their website is really unprofessional. So I am hesitant, especially since I'm not investing a trivial amount of money.

Can anyone reassure me that they are a solid company?

Tulving sets the bar in the low premium physical bullion business. They have an impeccable reputation for delivering on what they promise. One thing you should know though is that they are a small outfit and they only sell large quantities. They can be rude or short (impatient) on the phone with noobs calling them and wasting their time. You aren't paying them for customer service / advice. If you know exactly what you want and have the chips for a large enough order, they are the best.

One more thing. Should I worry about the bullion being certified? I read on Blanchard's site that that won't buy back any coins unless they have been certified.

Certified? Imo, it's a gimmick to encourage you to buy from them (or make you pay for a service that others provide for free - verifying that your bullion is legit when negotiating a sale price). This is where establishing a relationship with a local coin shop (or two) is a good idea. apmex, tulving and other dealers will buy without that ridiculous requirement.

 

[billjones]

If you want reviews, read what customers are saying:

http://www.tfmetalsreport.com/forums/bullion-coin-dealers



Tulving sets the bar in the low premium physical bullion business. They have an impeccable reputation for delivering on what they promise. One thing you should know though is that they are a small outfit and they only sell large quantities. They can be rude or short (impatient) on the phone with noobs calling them and wasting their time. You aren't paying them for customer service / advice. If you know exactly what you want and have the chips for a large enough order, they are the best.



Certified? Imo, it's a gimmick to encourage you to buy from them (or make you pay for a service that others provide for free - verifying that your bullion is legit when negotiating a sale price). This is where establishing a relationship with a local coin shop (or two) is a good idea. apmex, tulving and other dealers will buy without that ridiculous requirement.

Good Stuff, Bern. Thanks a lot. Sounds like Tulving is exactly what I'm looking for.

 

[GunnyFreedom]

I've thought about this and am hesitant to buy junk silver for that very reason. What about silver rounds? Why do you prefer 1 oz bars over the rounds?

I prefer the bars simple because they are "obviously not coins." If we ever get into a situation where we are forced to barter silver (I really consider silver more of a value storage than a barter medium, but if we DO) then I want people to have no question that this is bullion silver. Simple as that.

 

[GunnyFreedom]

WRT certification, there is certification and there is certification. Bullion that is "ISO Certified" is generally more expensive and intended for IRA's, 401K's, retirement, and investment grade holdings. I like the idea of certification for 401k, but then it's not really physical material in your hand.

 

[pmbug]

Just in case folks haven't seen it yet:

http://the-moneychanger.com/commandments.phtml

 

[GunnyFreedom]

Just in case folks haven't seen it yet:

http://the-moneychanger.com/commandments.phtml

I disagree with the value of 90% silver. It's only recognized as valuable to the people who KNOW it's valuable -- dealers and collectors -- and when the time comes to SELL SELL SELL then all the dealers and collectors will be selling, not buying. "Junk" silver as it's called is great for a store of wealth to ride you through the depression and when it's OVER exchange through a dealer for the 'new' currency whatever that is, even devalued dollars. If you ever have to use junk silver to buy food in an economic cataclysm, just expect to get 20% to 8% return on your metals investment value, as the guy who has a bushel of corn and tomatos is more likely to trust the face value on your coins than the metal content.

 

[Sjmfury]

I'm taking a look at Silver Bars, good stuff!