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Where is the most reputable place to buy gold?

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Think about resale. Gold bars are the cheapest. Gold American Eagles command a premium when you buy, but also get you more when you sell. Canada Maple Leafs and Krugerrands are also easy to sell.

The coins are also more available, making it easier to compare prices. Larger coins are cheaper per ounce of gold than smaller ones.

APMEX.com is one place to check. Tulving.com is cheaper but has very large minimum purchases. To avoid shipping/insurance cost, you can buy locally from a coin shop. You'll pay a bit more than APMEX but some feel there is a benefit to being able to pay in cash with no records kept.

For example, today APMEX is charging $95 over melt value for 1 ounce Gold American Eagles, and pays $59 over melt value if you want to sell to them.
 
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apmex.com and kitco.com are legit sites to buy/sell.

Ive used both, though kitco payment requirments were a hassle and may seem shady to a first time buyer. Only place to get rhodium, and their pool accounts were great (havn't used them in a few years though).

Theres a good legit place to buy/sell in Federal Way Washington, if your local (don't recall the name, but I could find it if anyone wants).
 
You can buy Gold shares without the hassle of physically owning it by buying GLD or SLV for silver. These are supposed to be backed by real gold so it is still worth something when the market crashes. There are gold bullion dealers out there. Jewelers are going to take you to the cleaners.

Perry
 
Mr. T

mr-t-gold-chains-sparkling.gif
 
"You can buy Gold shares without the hassle of physically owning it by buying GLD or SLV for silver. These are supposed to be backed by real gold so it is still worth something when the market crashes."
Click to expand...

Rehypothecated "paper" gold: http://www.google.com/search?client=safari&rls=en&q=zerohedge+rehypothecated+gold&ie=UTF-8&oe=UTF-8

(was specifically looking for article that had CNBC video of Bob Pisani in GLD vaults, proving that there is physical gold backing paper certificates. IIRC, he held up a particular bar, but multiple people said they owned that partial serial number, which I think I had something to do with rehypothecation and extended chains of ownership or something like that).

My guess is if you are holding gold as a true end of the world insurance policy (Lehman 2008 end of Western civilization and bombing ourselves back into financial stone age, or that type of true fear or panic in markets), perhaps you want the physical stuff (chain of ownership may break down if confidence in shadow banking system breaks down?)



Besides, when the world ends (Mayan calender), and Ancient Aliens return to earth, they will probably only accept physical gold, not that paper junk (tongue in cheek jab at The History Channel series with a financial markets twist :biggrin🙂
 
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Just remember that if buy gold and you then you want to resell it later you will have to get it certified again which could eat away profit. No one is going take your word at face value that the gold you have is .999 pure unless it gets retest by some reputable company.

Also there are companies that will hold your gold and all you have to do is transfer the money into your account.

http://www.goldmoney.com/ looks good but I never tried it. So I have no real experience with this.
 
Thats the advantage to buying coins, guaranteed by the government...Ive never had to have anything tested, even canadian coins can be easily sold no hassles. Silver gold platinum coins are all good ways to go. Get the purest coins you can (99%), the lesser stuff like 40% are tougher to deal with.

You can even get sealed/graded coins as an extra guarantee.
 
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