TreasureGirl Posted January 11, 2008 Report Share Posted January 11, 2008 So... Where are the best places to acquire gold and silver? I imagine that I could go buy a crapton of junk silver from the local dealer but I'd like some gold as well, should I buy it from the U.S. mint or from eBay or from dealers, etc? Thanks all, TG Link to comment Share on other sites More sharing options...
Kristofer Posted January 11, 2008 Report Share Posted January 11, 2008 So... Where are the best places to acquire gold and silver? I imagine that I could go buy a crapton of junk silver from the local dealer but I'd like some gold as well, should I buy it from the U.S. mint or from eBay or from dealers, etc? Thanks all, TG I like to buy pm from private people because they aren't usually as up and up on it's true value. I also try to not buy from the mint because I prefer them not knowing who has gold and silver, especially after 1933 and I think 1967 Link to comment Share on other sites More sharing options...
Mark Stilson Posted January 11, 2008 Report Share Posted January 11, 2008 I'd call around to local dealers. See what they have and price over spot. Link to comment Share on other sites More sharing options...
Drusus Posted January 11, 2008 Report Share Posted January 11, 2008 gold is very high...I wouldnt buy it now. Link to comment Share on other sites More sharing options...
LostDutchman Posted January 11, 2008 Report Share Posted January 11, 2008 and $600 was high early last year.......i doubt if its gonna come down very much any time soon... Link to comment Share on other sites More sharing options...
TreasureGirl Posted January 11, 2008 Author Report Share Posted January 11, 2008 and $600 was high early last year.......i doubt if its gonna come down very much any time soon... My concern exactly... but how can we know? Link to comment Share on other sites More sharing options...
Mark Stilson Posted January 11, 2008 Report Share Posted January 11, 2008 Elections seem to make people nervous even primaries. Just off the top of my head I remember several where prices went up and after the elections metals stabilized. Link to comment Share on other sites More sharing options...
numismatic nut Posted January 12, 2008 Report Share Posted January 12, 2008 If I read correctly gold not to long ago was in the $890 range. Link to comment Share on other sites More sharing options...
Delta Posted January 12, 2008 Report Share Posted January 12, 2008 One of my friends uses bullionvault.com http://www.bullionvault.com/gold_prices.do...ionCurrency=EUR Link to comment Share on other sites More sharing options...
SMS Posted January 12, 2008 Report Share Posted January 12, 2008 gold is very high...I wouldnt buy it now. Not really. Gold is going to continue a roller coaster ride on the upside for a while. But I would rather play my money on the currency exchange. It's a more challenging short term investment. Link to comment Share on other sites More sharing options...
Dockwalliper Posted January 12, 2008 Report Share Posted January 12, 2008 You could always go with a Gold EFT. Each share is equal to 1/10th oz. of gold. Stock ticker GLD. They hold more Gold than some countries. Link to comment Share on other sites More sharing options...
nutmeg Posted January 14, 2008 Report Share Posted January 14, 2008 One share equals a tenth ounce? OK, so I bought a tenth ounce AGE coin less than a year ago from the Franklin mint for $65. Today at a coin show they were asking $95 for 1/10 oz. AGE coins. There's $30 profit. Can the ETF do that? Link to comment Share on other sites More sharing options...
KoRnholio Posted January 14, 2008 Report Share Posted January 14, 2008 One share equals a tenth ounce? OK, so I bought a tenth ounce AGE coin less than a year ago from the Franklin mint for $65. Today at a coin show they were asking $95 for 1/10 oz. AGE coins.There's $30 profit. Can the ETF do that? Gold is gold is gold... Doesn't matter if it's in cyberspace numbers or gold in your hand. Also, it's not really a $30 profit, since those dealers selling for $95 will probably be buying for around $85... Link to comment Share on other sites More sharing options...
Kristofer Posted January 14, 2008 Report Share Posted January 14, 2008 Gold is gold is gold... Doesn't matter if it's in cyberspace numbers or gold in your hand. Also, it's not really a $30 profit, since those dealers selling for $95 will probably be buying for around $85... Not to mention the deflated dollar needs to be calculated into that. That's a good part of the reason gold has gotten so high in price so quickly. Link to comment Share on other sites More sharing options...
Dockwalliper Posted January 14, 2008 Report Share Posted January 14, 2008 One share equals a tenth ounce? OK, so I bought a tenth ounce AGE coin less than a year ago from the Franklin mint for $65. Today at a coin show they were asking $95 for 1/10 oz. AGE coins.There's $30 profit. Can the ETF do that? Yes. At the time you bought your 1/10th oz ASE the price of gold was probably about $580 an oz. and the price of a share of the EFT would be $58. The selling price now for that share would be $88. $30 profit. Link to comment Share on other sites More sharing options...
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