Where do you buy your Gold and Silver?

[Daryl]

I'm just wondering where do you gentlemen buy your silver and gold💰


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[Star Ferry]

generally APMEX.. ebay can be good too, depending on what you're looking for

[Daryl]

Just 1 oz coins mostly thanks


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[andromeda160]

I buy it from my work(pawn shop) Gold & Silver Physical bullion at spot, can't beat it. Same price for our customers with the exception of silver eagles really, and even those we only get a dollar to a few dollars above spot.

[Star Ferry]

Originally Posted by Daryl

Just 1 oz coins mostly thanks


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I'd get it from APMEX or any other reputable metals dealer

With something like precious metal, I don't want to worry about purity, authenticity or other issues. My preference is to buy from a well-known dealer, and to buy product that is itself branded (Valcambi bars, Canadian Maple Leafs, etc.).. A skilled buyer could probably cast a wider net, but I'm far from skilled in this area

Last time I sold, the prospective buyer asked where the stuff came from. I showed them my original bill of purchase, and they did the deal right after

[greggsiam]

In Thailand, gold shops are everywhere. You can find them in malls, probably 3 or 4 shops per mall, and on almost any busy street. Even little small streets have gold shops.

The gold is 24k and measure in baht weight. I can walk into my favorite store and buy $2,000,000 worth of gold if I so desired (never happen since I don't have 2mil haha) There is nothing to sign, just pay cash.

This is a 5 baht bar. It's roughly $3,000. The common ones are 1B, 5B, 10B, and 50B.


Probably the better way to buy would be on the futures market. That way you're not walking out with a stack of gold. But then again, gold in hand is always worth something.

[Danny83]

On TRF

[Daryl]

Originally Posted by greggsiam

In Thailand, gold shops are everywhere. You can find them in malls, probably 3 or 4 shops per mall, and on almost any busy street. Even little small streets have gold shops.

The gold is 24k and measure in baht weight. I can walk into my favorite store and buy $2,000,000 worth of gold if I so desired (never happen since I don't have 2mil haha) There is nothing to sign, just pay cash.

This is a 5 baht bar. It's roughly $3,000. The common ones are 1B, 5B, 10B, and 50B.


Probably the better way to buy would be on the futures market. That way you're not walking out with a stack of gold. But then again, gold in hand is always worth something.

Thanks!

[Wooster]

Only from William Devane.

[mrricks]

Golden Eagle Coins in the USA.

Khalifa Jewelers in Abu Dhabi.

Moh'd Abdullah Gold in Jeddah.

Mozafarian Jewelers in Tehran.

[RationalPragmatist]

Coin shows, dealers, Ebay, Mints.

[MILGAUSS88]

Scrap gold at auction.

[ronin_ph]

Shops like this. The gold is shaped as various animals, keys, etc. and typically given as gifts for special occasions - 1st birthday, etc. However, can easily be melted down.

They are measured in 'don' which is a 3.75gram measurement. Larger the animal, more don obviously.


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[Muzz]

My bank sells gold. Takes a week to get the order in (Canada, Scotia Bank)

[goin camping]

Gold Dealer near LAX.

I like to buy gold with cash, no records.

[TheBluePrince]

Another vote for Thailand, specifically Yarowat in Bangkok.

[andromeda160]

Most recent buy, 82 panda 1/10 at melt.

[vaulter1]

Originally Posted by ronin_ph

Shops like this. The gold is shaped as various animals, keys, etc. and typically given as gifts for special occasions - 1st birthday, etc. However, can easily be melted down.

They are measured in 'don' which is a 3.75gram measurement. Larger the animal, more don obviously.


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I read this and envisioned someone falling on hard times and melting down the little turtle they gave to their kid for their first birthday

[Lion]

Since I live in the United States I would buy from a reputable and trustworthy Coin Shop or from a Coin Dealer at a Coin Show…..

Buying silver bullion in the US is easy with the 1 oz. silver Eagles or if buying gold bullion, any of the gold Bullion pieces minted by the US Government. Gold is minted and sold in 1/10 oz., 1/4 oz., 1/2 oz. or 1 oz. pieces. Also silver bullion is sold in bars made by reputable companies such as Johnson-Matthey(Assayers & Refiners)and come in 1oz., 10oz, or 100 oz. bars…..

You can also buy 90% silver US coinage from these Dealers as well…..these were US coins minted in 1964 and before and were minted in half dimes, dimes, quarters and half dollars. You can also buy silver dollars but you will pay a slight premium over the other denominations…..

Also I recommend buying with cash and taking physical position of gold or silver over buying Futures(rent a Safe Deposit Box to store the bullion in for safety's sake). Gold or silver Bullion is very liquid and can be turned into cash when you need to. Do your due diligence and check with the laws in your state as well as Federal Laws as there can be limits where if you buy at or above these limits or sell, it must be reported to the State and Federal governments by the Coin Dealers and Coin Shops. Don't quote me, as I've forgotten, but I believe if your purchase is at $10,000 or above the Coin Dealer/Coin Shop must report the purchase to the Federal Government. Below this amount does not need to be reported…..

You can also buy US Collector coins which can be 'Slabbed' or 'Raw' but this area requires a lot of knowledge in how to grade a particular coin and denomination. You should do your homework and learn how to grade a coin and there are reference books which can teach you how to grade a particular denomination and series. But expect to hold onto these Collector Coins for a period of time before reselling…..

Take care…..Leo

[Daryl]

Originally Posted by Lion

Since I live in the United States I would buy from a reputable and trustworthy Coin Shop or from a Coin Dealer at a Coin Show…..

Buying silver bullion in the US is easy with the 1 oz. silver Eagles or if buying gold bullion, any of the gold Bullion pieces minted by the US Government. Gold is minted and sold in 1/10 oz., 1/4 oz., 1/2 oz. or 1 oz. pieces. Also silver bullion is sold in bars made by reputable companies such as Johnson-Matthey(Assayers & Refiners)and come in 1oz., 10oz, or 100 oz. bars…..

You can also buy 90% silver US coinage from these Dealers as well…..these were US coins minted in 1964 and before and were minted in half dimes, dimes, quarters and half dollars. You can also buy silver dollars but you will pay a slight premium over the other denominations…..

Also I recommend buying with cash and taking physical position of gold or silver over buying Futures(rent a Safe Deposit Box to store the bullion in for safety's sake). Gold or silver Bullion is very liquid and can be turned into cash when you need to. Do your due diligence and check with the laws in your state as well as Federal Laws as there can be limits where if you buy at or above these limits or sell, it must be reported to the State and Federal governments by the Coin Dealers and Coin Shops. Don't quote me, as I've forgotten, but I believe if your purchase is at $10,000 or above the Coin Dealer/Coin Shop must report the purchase to the Federal Government. Below this amount does not need to be reported…..

You can also buy US Collector coins which can be 'Slabbed' or 'Raw' but this area requires a lot of knowledge in how to grade a particular coin and denomination. You should do your homework and learn how to grade a coin and there are reference books which can teach you how to grade a particular denomination and series. But expect to hold onto these Collector Coins for a period of time before reselling…..

Take care…..Leo

thank you so much Leo for the info.

[vaulter1]

As with all their promos this one is targeted so YMMV but if you're looking to buy on Ebay, they're currently running one of their flash 8% Ebay eBucks deals so any eligible Gold/Silver purchase would be that much closer to spot.

[Lion]

Originally Posted by Daryl

thank you so much Leo for the info.

DaryL, you are welcome anytime…as I have been a Coin Collector for over 51 1/2 years…….

If you have other questions feel free to ask me…anytime!!!

Take care…..Leo

[Rolex addict]

I used to buy from coin shops in states with no sales tax. American silver eagles or Gold Kruggerands. I haven't had any luck with graded coins. Both silver and gold are too high right now.

[Daryl]

Thank you again Leo.


Chad do you still have yours?


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[Laszlo]

Originally Posted by Danny83

On TRF

I wonder if David would consider it?

[Rolex addict]

Originally Posted by Daryl

Thank you again Leo.


Chad do you still have yours?


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No. I sold it all right as the gold and silver bubble was huge. Based on historical charts, I won't buy silver again until it's below $10 an ounce. I do have all my PCGS graded coins. Not sure what I'm going to do with those. Right now, they are keeping Kermit company.

[Daryl]

Thanks Chad🍺


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[Lion]

Originally Posted by Rolex addict

No. I sold it all right as the gold and silver bubble was huge. Based on historical charts, I won't buy silver again until it's below $10 an ounce. I do have all my PCGS graded coins. Not sure what I'm going to do with those. Right now, they are keeping Kermit company.

I believe you will need a lot of patience…as I do not see silver dropping below $10.00USD again…..unless we go into a depression and no one wants that!!!

Take care…..Leo

[Rolex addict]

Originally Posted by Lion

I believe you will need a lot of patience…as I do not see silver dropping below $10.00USD again…..unless we go into a depression and no one wants that!!!

Take care…..Leo

And how many people said gas would never be below $2 again or oil below $50 a barrel? I'll keep saving my pennies and take advantage when Silver does drop.