Bought some off ebay and 1 was fake. One ounce Aussy, took a tiny drill with finger pressure and got a copper colored chip. Got my money back, after that I bought from a large commercial co. I still did some random checking of theirs and all came out good.
Will anyone regret not buying gold at $2,270 ?
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hivel37
US Veteran
I do regret not buying more Win M70's at 90$
a pop at the BX. This was in late '50's.
a pop at the BX. This was in late '50's.
THE PILGRIM
Member
The desperate dude at the Truck Stop is probably the worse place to buy 'Gold.'
eBay is probably No. 2.
Local Dealer - No.1.
Known large online Dealers - No.2.
On the other hand, Maybe I should have taken my Buddy Wayne up to Cuba, NM to check on that Walker Colt!
eBay is probably No. 2.
Local Dealer - No.1.
Known large online Dealers - No.2.
On the other hand, Maybe I should have taken my Buddy Wayne up to Cuba, NM to check on that Walker Colt!
Autonomous
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When I had my wisdom teeth pulled, after the procedure the staff had them on a napkin on a table.
Here's the thing; a corner of the napkin just happened to be folded over one of the teeth, leaving three in sight.
It didn't dawn on me till later one of them had a gold filling...
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I have no idea of the value of the gold in the filling.
The whole idea of it is the thing.
The whole idea of it is the thing.
smoothshooter
Member
The people that come out the best are the dealers and brokers.
They get a good cut off the top when they sell to a customer.
They get another cut when they buy it from a customer. They make money either way, and often have relatively little money tied up in any precious metals the keep on hand.
Another drawback is that you cannot buy much in a crisis with gold or silver bars because their value is not readily apparent to 99% of the population, and the only way to find out for sure if it is real or not is to take it to a dealer first for testing (another fee in most cases).
Real estate, in spite of the taxes in most areas, seems to be the safest and wisest thing to put money into, as are many financial instruments like IRA's and mutual funds.
It all depends if you want the precious metals for barter during an economic collapse, or for parking in a safe deposit box or similar until needed to convert into paper money down the road.
I am not a financial advisor, but do spend some time paying attention to people who are, and have a good track record for making their clients money.
They get a good cut off the top when they sell to a customer.
They get another cut when they buy it from a customer. They make money either way, and often have relatively little money tied up in any precious metals the keep on hand.
Another drawback is that you cannot buy much in a crisis with gold or silver bars because their value is not readily apparent to 99% of the population, and the only way to find out for sure if it is real or not is to take it to a dealer first for testing (another fee in most cases).
Real estate, in spite of the taxes in most areas, seems to be the safest and wisest thing to put money into, as are many financial instruments like IRA's and mutual funds.
It all depends if you want the precious metals for barter during an economic collapse, or for parking in a safe deposit box or similar until needed to convert into paper money down the road.
I am not a financial advisor, but do spend some time paying attention to people who are, and have a good track record for making their clients money.
AJ
US Veteran
Just imagine what their stash of filings looked like over a years period of time or more.
Yes and yes. Be sure to look with a cold, logical eye at this stuff - I got scared out of investments when the stock market hit 25,000 based on advice from my only family with real money. Within a year I was right back.
The last true economic collapse on our soil was only a partial collapse of one currency when the Confederacy surrendered. Not freaking out on that score.
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If you're not looking for a new rate of local exchange, but for future, I'd suggest the Swiss franc. In my memory, the official exchange rate was 12 per US dollar. I checked the other day, it's now 4 per US dollar.
Back in the 1980s I looked into moving money into the franc. My bank essentially didn't want to get involved and as a result I didn't do it. Should have found a way.
Back in the 1980s I looked into moving money into the franc. My bank essentially didn't want to get involved and as a result I didn't do it. Should have found a way.
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Not many people make consistently good returns investing in gold.
One thing physical gold may do is bribe your way out of custody, across a border or through a checkpoint in a third world esque TEOTWAWKI scenario. Full ounce coins are a bit much for that. 1/10 ounce coins cost more by weight but would be more realistic for that sort of transaction.
Refugees have been known to roll gold into wire and sew it into the hem of their clothing.
During a crisis when there is nothing to buy, gold can't make food appear from the ether, but it is very useful for rebuilding afterword if you managed to survive.
One thing physical gold may do is bribe your way out of custody, across a border or through a checkpoint in a third world esque TEOTWAWKI scenario. Full ounce coins are a bit much for that. 1/10 ounce coins cost more by weight but would be more realistic for that sort of transaction.
Refugees have been known to roll gold into wire and sew it into the hem of their clothing.
During a crisis when there is nothing to buy, gold can't make food appear from the ether, but it is very useful for rebuilding afterword if you managed to survive.
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Over $2900. I can't help but think this is being driven by fear and chaos, and that it will drop back to a more sane price.
No, but I can show you a couple dozen Crown Royal bags (empty).....does that count?
No, but those wheat pennies 
No, but I can show you a couple dozen Crown Royal bags (empty).....does that count?
Living in a Canadian border town I've been known to drink a little Crown on the rocks. I used to go to Peace Bridge Duty Free and get 2 bottles for $30. Those were the days.
Hit another milestone today: $3000.
THE PILGRIM
Member
OP
I remember reading that the cost of being smuggled out of Vietnam after the Americans left was a kilo of gold per person
