where and when can I buy gold?

[MRoCkEd]

At what price should I buy gold, and where can I get it? I'm a newbie.

 

[tmosley]

Get it now while it is artificially depressed. Where? Anywhere you can find it. Shop around on the internet and any local coin shops you can find. Try to find the lowest price over spot you can, but don't worry too much about a difference of $10. Long term target is quite high.

Good starting place is apmex.com.

 

[TER]

the ones I have heard of are kitco, apmex, tulving, and blanchard. Good luck!

 

[Dr.3D]

If you can, buy from a local coin shop.
You don't need to buy numismatic coins.... just go with the bullion coins and bars.

I would stay away from the following places.
NorthWest Territorial mint
Perth Mint

I would buy from the following places.
www.milesfranklin.com
www.wexfordcoin.com
www.tulving.com
www.apmex.com
www.seekbullion.com

I would also consider silver as well as gold.

 

[heavenlyboy34]

If you can, buy from a local coin shop.
You don't need to buy numismatic coins.... just go with the bullion coins and bars.

I would stay away from the following places.
NorthWest Territorial mint
Perth Mint

I would buy from the following places.
www.milesfranklin.com
www.wexfordcoin.com
www.tulving.com
www.apmex.com
www.seekbullion.com

I would also consider silver as well as gold.

I'm a newbie too. Are you sure about bars? I've read that bullion coins are better, though I don't totally understand why.

 

[Dr.3D]

I'm a newbie too. Are you sure about bars? I've read that bullion coins are better, though I don't totally understand why.

Well, gold coins are good and I would probably go with coins for gold.

For silver, I like rounds and coins. If you are going to get a lot of silver, then bars are a pretty good option. They take up a lot less space.

Typically, rounds cost less than coins. Rounds look like coins but are not minted by any country as a currency.

When it comes to precious metals, typically, the more you can get for your money the better.

The major difference between rounds, coins and bars is that if the coin or round is easily recognized, it is easier to sell them when the time comes. Bars should be of a brand that is easily recognized as well. If you have a bar that has very few markings and is not easily recognized, it may need to be assayed before you can sell it. Now don't let anybody tell you it costs a lot to assay a bar of precious metal, it is typically done for free.

 

[Original_Intent]

I'm a newbie too. Are you sure about bars? I've read that bullion coins are better, though I don't totally understand why.

The idea is that the premium on coins is higher and that as the price goes up the premium will increase and so a better investment.

I'm not so sure though, I think if it gets to a SHTF scenario, the premium on coins goes down (if people are just concerned about gold content.

I am sure as heck no expert, that is a layman's view on it though.

 

[constitutional]

At what price should I buy gold, and where can I get it? I'm a newbie.

Wait a few more days, weeks or a month. Gold will go lower from what I've heard.

Now is a good bargain too. Bulliondirect.com is a good source.

 

[SevenEyedJeff]

I wouldn't wait for gold to go lower. I would buy a little now, a little in 2 weeks, a little 2 weeks after that, etc....you don't want to miss out if it skyrockets sooner than people think.