Where do you buy physical gold?

[aigel]

There appears to be a buttload of online places sending gold to your house - probably not the best idea ... are there banks selling physical gold? How do you know for sure you aren't buying a tungsten filled surprise instead of a solid piece of bullion?

G

[masraum]

Originally Posted by aigel

How do you know for sure you aren't buying a tungsten filled surprise instead of a solid piece of bullion?

G

In the movies, they always just bite it. So chew on any gold you try to buy, that's a fool-proof test!

[quattrorunner]

Coin sellers are pretty good if they also buy and trade. If you want new uncirculated/never sold stuff there is a markup like anything else but if you buy previously owned/traded coins or bullion, sometimes they'll let it go Cheeper. Maybe even spot.
I buy gold every day in my jewelry store. I have regulars that buy it from me for spot and I'm happy to sell it to them as I buy for less than that. Banks don't often deal with metal. They're not based on it anymore. Pm me for more details if needed.

[look 171]

Quattrorunner, I didn't know you are in the business. My father was a custom jeweler. We used to go to all the trade shows in LA and Vegas.

[look 171]

George, if you really need to buy gold, I can sent you to a place downtown in the Jewelry Mart (up stairs in those buildings). They are not really open to the public, but we used to buy from them all the time. Now, I don't think they will have hundreds gold bullions sitting in a safe so don't expect that. They are the real deal, not pot metal mixed into it, all legit and certified. Now diamonds, the wholesaler will pour 100 stones out of a bag onto a tray in front of you. I can get you in those places too if needed to make your wife happy.

[quattrorunner]

Originally Posted by look 171

Quattrorunner, I didn't know you are in the business. My father was a custom jeweler. We used to go to all the trade shows in LA and Vegas.

Born and bred. Third generation jeweler.
My dad's supposed to be retired but still screws around on the watch bench.

[lane912]

I go here--

AAA Precious Metals | Gold, Silver, Platinum | Portland, Oregon

[look 171]

Originally Posted by quattrorunner

Born and bred. Third generation jeweler.
My dad's supposed to be retired but still screws around on the watch bench.

I almost made 2nd generation. Dad was geared up for me to take over so he showed me how things were done from a young age. He used to carried me while I cried and laughed on his lap as he worked on his bench. I still remember playing with his tools. Instead I took to the bigger hammer and enjoy driving big nails into lumber instead. After college, I was introduced to some of his friends to start me up with a sales job throughout the country. Taalked about a target, Thinking about it for bit, I decided against it. No thanks. I was flattered that they trust me with their merchandise, ahh no way.

My father is the same way, he still make things in his garage workshop for the grand kids. I even use it sometimes for stuff. Its funny how my sister, mom, and myself (my wife included) are not interested in Jewelry. Thank goodness for that. Love me Timex.

[afterburn 549]

I am thinking led might be a better way to go.......

[on2wheels52]

I would advise against buying it from a shady pawnshop.
Jim

[imcarthur]

You have to do some research. Canada's Scotia Mocatta is one of the largest volume dealers in NA. I have dealt with their retail store here in Toronto but they also have an online presence. A quick search brought up this article in Forbes that lists some sources.

Buy from a reputable source. Only buy the easy products - American Eagles, Canadian Maple Leafs etc from trusted refiners. You can buy coins & bars in many different sizes. I even have a 1/10 oz good luck piece that sits on my desk. Keep it in it's original packaging & keep your receipts - both make it much easier to sell, since it has to be recognized & verified before you get maximum cash.

And be aware that gold is a long term hedge & usually not a good vehicle for quick profits. And you have storage costs unless you bury it in the backyard.

Ian

[911SauCy]

You must retrieve it in the Bering Sea

[quattrorunner]

Originally Posted by 911SauCy

You must retrieve it in the Bering Sea

That is hilarious! Those guys and the guys that work it in the dirt must be a blutin for punishment. They just don't get paid well enough for the expenditures trying to get it from mother nature. She don't give it up easy.