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Default Considering the purchase of gold...

On Mon, 23 Sep 2013 21:10:27 -0400, wrote:

On Mon, 23 Sep 2013 20:48:59 -0400, John H
wrote:

On Mon, 23 Sep 2013 20:19:13 -0400,
wrote:

On Mon, 23 Sep 2013 18:55:36 -0400, John H
wrote:

....and, other than a Krugerand many years ago, have never done so. Any suggestions as to where gold
can be purchased? I'm thinking coins, or something tangible, that I can give as Christmas presents.

The first thing you need to find out is what state close to will let
you buy gold or silver without a sales tax.
Then it is just a matter of finding the guy with the least premium
above spot..
You also have a timing issue or you will lose your shirt.
The other question is gold or silver.

Last time I did it I ended up on a coin dealer in Atlanta and I
brought a bag of silver quarters home in my carry on. That was 1995
and I think it was $5 an oz. It has been $50 but that pulled back
recently. I really don't watch it that closely.
I think I would wait until the congress settles all this foolishness
and see if we get a bigger pullback.
If the US ever got it's credit rating back I think gold prices would
crash.


I was thinking mail order. Don't know if I'd have to pay a sales tax though. Lots of things to check
out.


If you are looking for investment gold, a big issue is the cost over
spot. Some of these guys put more in their pocket than you will make
back any time soon.
You can also get less than you paid for.
I wish I could remember the name of the place in Atlanta but I did do
some homework and at the time I knew some old time coin dealers.


I'm thinking about these guys.

http://www.jmbullion.com/

No sales tax, but they do charge a tad over 3% for credit card use.
--

John H.

Hope you're having a great day!
 
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