New To Buying Gold Coins... - Page 3

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Author	Replies: 33 / Views: 2,999	Page: of 3

1sikevo Pillar of the Community United States 1130 Posts	Posted 01/13/2009 12:51 pm Quote: If you want to get "gold" as close to spot as possible, open an ETF account or a pool account from a place like Kitco. Those both have lower costs due to the fact that you never physically handle the gold. The problem is that if the company becomes insolvent, you may be stuck holding on to a piece of paper. Unlike trading stocks, I like to be able to touch my gold. Report this Post to the Staff
Blue Diamond Gold Exchange Valued Member United States 97 Posts	Posted 01/13/2009 1:03 pm Does Credit Suisse have a branch over there in the U.K? Report this Post to the Staff
steve199 Pillar of the Community United States 1882 Posts	Posted 01/13/2009 1:40 pm Biokemist covered the topic of dealers who buy direct from the mint. Most "dealers" don't do that, and have to pay additional premium over spot for their gold coins. If you turn over enough rocks, and if you are willing to purchase large enough quantities, you can get them at wholesale cost, or at least close to it (which, again, is NOT the same as spot). If you pay $55 over spot for a one oz gold coin, the person you are buying it from is not making out like a bandit. You can make better margins buying and selling sunglasses, if that's what you'd prefer. Report this Post to the Staff
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