Reputable company to deal with to buy gold
 

Anyone purchase gold recently who can recommend a honest , fair priced stable company to buy from. Any opinions on why the US currency will be worthless soon considering there in little gold to back the paper?

I once called a few of these gold sellers on TV to find out how much of a markup/commission was involved. Basically, if you buy $100 worth of gold and then sell it back to the company before the gold price changes, you would get back $92. Personally, I would never buy gold as an investment. But, if I wanted to invest in it, I would buy a mutual fund or ETF that invests in gold, not physical gold. I suggest calling Vanguard or Fidelity and ask their opinion on the best way to invest in gold.

We have been off the gold standard for the past 50 years and the economy is still going pretty strong. I cannot conceive of our currency having no value.

Nothing wrong with buying gold but you will not get any return unless price of the metal goes up.

You might consider shares in a gold mining operation or mutual fund if one is available, as an alternative.

I'm far from an expert, but I have a done a couple of moderate sized Gold transactions. I paid about 5% over "face value" & I only bought Liberty & Eagle Gold Coins. They were for the most part, uncirculated and I like the way they look. I bought 20 of them, when gold was around $1100. I sold them last year, when gold was around $1850.

I was astounded at the different prices I was offered when it came time to sell. I talked with 3 or 4 dealers and got offered between 30% under the Spot Price, all the way up to 3% over Spot. That was an education.

The purchase & sales were in New England, so I can't really help you with a local recommendation.

As for the US Currency not being backed by Gold ... nothing is backing Cryptocurrency, but it seems to have value to some people.

William Devane, that world renowned and trusted investor (right) recommends Rosiland Capital for his precious metal investments. He thinks you should too.

I own some gold as part of a well diversified portfolio, some in ETF’s in our IRA so I can buy and sell it as I please without immediate tax consequences. I also own physical gold coins and bars which I keep in a fire safe. Physical gold is good to own because you can sell it off in increments under $10K and it never gets reported, so there won’t be any taxes owed on capital gains. I purchased the physical gold many years ago and it’s increased significantly in value. That being said, I have only purchased physical gold, which is very easy and inexpensive through JM Bullion online. My question is, what have people’s experience been selling physical gold. Where have you sold the gold and what type of bid/ask spread (transaction cost) did you encounter?

When I get all worked up about dollar vs gold I get my information from TV commercials. :)

I brought the double gold eagle commemorative coin with less than .0002 Oz of gold that has .99999% pure gold in them. I plan on being millionaire when price does gold reaches $2500 Oz. With my 1000 coins with 1.9999999 Oz of total gold. I’m making killing buying them for 39.95 with .20 cent (if that)) worth Of gold trace in coin. Now if I can just figure out what in rest of the coin worth? :MOJE_whot:

Good Point.

I wait for lower price.

Here's today 3/31/2022 market

$1,936.00
MONEX Live Gold Spot Prices
Gold Spot Prices Today Change
Gold Prices Per Ounce $1,936.00 +15.00
Gold Prices Per Gram $62.24 +0.48
Gold Prices Per Kilo $62,242.40 +482.25

I alway trusted Bernie madeoff who made off with lots.

The rest of the coin has a very light grade of plastic mixed in with the gold. They were worried the coins might be too heavy for some people.

Sprott physical gold trust.

Unitholders can redeem their units for physical gold bullion on a monthly basis, subject to certain minimum requirements

SD bullion

Try Apmex.com - been buying from them for 20 years.

Use your credit card @ SDBullion.com most convenient

Your check or Bank wire @ Volunteer Metals (888) 661-4093 or (931) 766-6066 2nd choice

You check or bank wire @ Miles Franklin Precious Metals 1st choice

Avoid numismatic coins, get the most ounces for your dollars.

i think you watch too much TV. much like the people that believe the VPN commercials.