Best Way To Buy Gold - Coin Community Forum

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Author	Replies: 7 / Views: 1,779
yuengling101 Valued Member United States 232 Posts	Posted 12/14/2011 11:48 pm Well I have a decent amount of silver and almost no gold, and with the recent drop I decided to drop some money into gold. The thing is I have yet to find gold(coin, bullion, scrap) that is even near spot. I was hoping I could get some help from you all. I prefer to buy US currency due to that it is easily reconizable, but I am all ears. Ty Ron Report this Post to the Staff

BgCollector New Member United States 21 Posts	Posted 12/15/2011 12:47 am I would suggest British Sovereign - you can buy it near spot and it is easily recognizable. It is 22 carat gold and each coin (full sovereign) content 0.2354 troy ounce of gold. There is a half sovereign as well, but I prefer the full version. Edited by BgCollector 12/15/2011 12:49 am Report this Post to the Staff
poboxw Pillar of the Community Canada 1502 Posts	Posted 12/15/2011 01:40 am if you can't find anybody selling at spot it means you won't have to sell at spot. So, as long as the price is fair, there's no reason why a reasonable premium over spot should be a deterrent. Unless, of course, you only sell your gold back to dealers or to one of them "cash for gold" shops. Report this Post to the Staff
barryg Pillar of the Community United States 5855 Posts	Posted 12/15/2011 06:49 am At this point, I'm not even sure it's possible to buy low when the market price dips. Sellers don't want to lose money on their investment and therefore seem to raise their premiums as gold prices fall in order to keep their profit level the same. I think you would need to wait for the prices to stay low for awhile so that the sellers can buy more inventory at the low price and then be willing to resell without a huge markup. The problem, of course, is that dips in the market tend to be extremely temporary... Expanded Digital U.S. Type Set Album \| Dansco 8100 (Lincon Cents) Album \| Digital Proof Type Set \| Digital U.S. Currency Type Set \| Foreign Bullion Coins Report this Post to the Staff
Nobis1 Valued Member United States 364 Posts	Posted 12/15/2011 12:29 pm In the past, I have been able to buy older US Mint Commemorative Sets at spot for both the gold and silver content. In addition, Gainesville Coin and Goldmart.com sell for a reasonable premium. Right now, you can get Maple Leafs for a very reasonable price over spot. Report this Post to the Staff
mkfarm Pillar of the Community United States 667 Posts	Posted 12/16/2011 2:24 pm It has been a great time to buy gold, I got some great deals as people have been worried they would loose if they held it any longer. I picked up more than a few AGE 1/10 at current spot price yesterday. Heck the guy was happy to get his money back and I was happy for the no premiums. Report this Post to the Staff
poboxw Pillar of the Community Canada 1502 Posts	Posted 12/16/2011 5:30 pm Quote: the guy was happy to get his money back and I was happy for the no premiums. Score! wish I could say the same. It seems that most of my usual sources are holding back sales until the prices pick up again Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 12/16/2011 5:31 pm Quote: Heck the guy was happy to get his money back and I was happy for the no premiums. Now there is the essence of a great business deal... a happy buyer and a happy seller, both walking away thinking they did well. Report this Post to the Staff
	Replies: 7 / Views: 1,779

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