Jump to content
SASS Wire Forum

Does anyone buy investment gold?


Recommended Posts

If so, what company do you use?

Link to comment
Share on other sites

Years ago I did from Blanchard.  Back when it was 250 an ounce.  Then when I went to sell it I could ship it back to Blanchard and wait for a check or sell it to a coin dealer.  No one else would buy it except the pawnshops for 500 less than its value.  

Link to comment
Share on other sites

I have used JM Bullion for physical hold in your hand bullion but be advised that bullion dealers are VERY much like used car dealers and there is a sizable markup on bullion, if your looking at paper gold stocks you will need to look around and see who has the smallest fees for the transactions ( watch out for heavy redemption fees with gold stocks )

Link to comment
Share on other sites

I have a few gold pans and a membership to the GPAA. That's my investment.

Link to comment
Share on other sites

The problem with actual gold is you have to buy at a premium and dealers are only paying face value.  Silver is the same way.  Ebay is full of individuals trying to get a decent price for their gold and silver.  I have seen where a lot of the preppers recommend buying bulk junk silver coins.   I think if things get that bad, lead might be the best investment.

Link to comment
Share on other sites

Long before I was married, I had an English girlfriend.  She had a small horde of silver and gold.  Silver was very high at the time, courtesy of a pair of wealthy brothers.  I had sold some silver coins and profited, suggested that it was an opportunity for her.  Her response, "When I need to sell, if it is gone, I'll only have the paper money, and who knows what that will be worth!"

Link to comment
Share on other sites

I didn’t make myself clear. Not planning to buy and hoard gold coins. That would be foolish.

Link to comment
Share on other sites

4 hours ago, Cholla said:

I have a few gold pans and a membership to the GPAA. That's my investment.

Living in AZ, you might find a good Minelab or Gold Bug  detector to be a good investment.  The Minelab are pricey, but state of the art.  There are a lot of used model 3500 machines out there for sale fairly cheaply.  They're older but still very good machines. 

 

Over about 20 years, I've detected a few POUNDS of gold in the Wickenburg-Morristown vicinity.   If you're a GPAA member they hold some pretty good claims east of Morristown. 

 

 Most of the AZ gold is Electrum with about 12% silver alloy.  But it still brings over $1200/Troy oz. in today's market.

 

---And since you also like collecting rattlesnakes, Take a look in the corrugated culverts in desert washes north of the Ben Avery Range some time.  They usually have both gold and snakes, including some big ones of both at times.  

Link to comment
Share on other sites

I like pre-1900 gold coins. Double eagles, eagles, $5 gold, $2.5 pieces. Not for investing purposes, just for the Old West historical factor.

 

Now,  do I own any such coins? Nope, but do like them. :D

 

 

Link to comment
Share on other sites

I've been buying silver ingots through JM Bullion (https://www.jmbullion.com/silver/silver-bars/1-oz-silver-bars/)

as they're inexpensive, small enough denomination that I can trade them a lot easier than gold if necessary,

and they make good gifts for folks too. 

 

Gold seems to be too high priced to make it reasonable trade fodder if TEOTWAWKI happens.  Local hardware and farm

supply stores can more readily handle silver ingots than gold coins or ingots.  They seem to also be a reasonable

investment for return on value if you give it years, not days . . . .

 

Just my $0.02 worth

 

SC

Link to comment
Share on other sites

15 hours ago, Dusty Devil Dale said:

Are you looking for metal, or paper stock certificates?  

Paper.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.