Good dealer to buy gold coins?

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5,466
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Da Swamp
I've been thinking about putting some gold aside for a while, but thought for some reason that the price of gold was something really stratospheric. Now that I've done my research, I can see that a Krugerrand coin (which has an ounce of gold) now runs less than $1K. If any of you have done this, where'd you buy? Any reputable online dealers? How do you know when a place is reputable?
 
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1,270
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Basehor, KS
Take a look at krugerrand.com. When you look at their listings and choose one, you get redirected to ebay. You can check out a vendor's ebay ratings and get an idea of their reputation. Several appear to be legitimate coin dealers or jewelery stores. Good luck.
 
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5,573
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earth
hmmm. krugerrands. I have been thinking about gold too, but shelved that idea. I am saving in a high interest bank account though. Practicalities of gold just isn't there
 
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Richmond, VA
I was talking to a really old fella the other day and asked him what he thought about gold as an investment. He said in a recession its seen as a great investment. In a depression its seen as a shiny rock that you can't eat. I'm afraid that gold will not maintain its current value, but I've been wrong before-once.
 
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earth
problem with gold is you pay the premium markup fr any type of coin - which means you lose some money immediately, and that means it has to go up much further before you even break even. when things go south, the things that'll matter are food, skills, and maybe a weapon or two.
 
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3,130
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Phila,PA
 Originally Posted By: crinkles
when things go south, the things that'll matter are food, skills, and maybe a weapon or two.
MAJOR +1
 
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Central Wisconsin
With gold at a high premium recently, it likely won't be going much higher. When gold was much lower, you never saw anyone advertising it as an investment; only after it spikes. They ones selling gold, in any form, are the ones that bought it when it was down. NOW they are selling, to suckers.
 
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47,540
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Duvall WA - Pacific NW USA
 Originally Posted By: dwendt44
With gold at a high premium recently, it likely won't be going much higher. When gold was much lower, you never saw anyone advertising it as an investment; only after it spikes. They ones selling gold, in any form, are the ones that bought it when it was down. NOW they are selling, to suckers.
BINGO. B-I-N-G-O B-I-N-G-O Bingo was his name-o.
 
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3,346
Location
Clarksville, Tennessee
 Originally Posted By: crinkles
hmmm. krugerrands. I have been thinking about gold too, but shelved that idea. I am saving in a high interest bank account though. Practicalities of gold just isn't there
Ya but once it's practical it's too late. Nothing wrong with 10% of your portfolio in Precious metals. Hopefully that would be enough to get you over the hump when the SHTF.
 
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3,742
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Northern California, USA
 Originally Posted By: Benzadmiral
If any of you have done this, where'd you buy? Any reputable online dealers? How do you know when a place is reputable?
http://www.bulliondirect.com you might be better off buying silver. Silver is 50 to 1 with gold. gold coins are marked $50 and silver coins are marked $1 silver is now $12.375 an ounce. multiply that x50 any you get $618.75. gold is at $879.15 ounce. so gold is $260 higher you will have to add a premium to those prices. silver is actually $16.xx an ounce and gold is $930.++ ounce
 
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1,562
Location
St. Paul, MN
If you're convinced you need some gold: American Precious Metals Exchange Great company, I've ordered from them numerous times. Very reputable, go to any gold/silver forum and they will be mentioned. They have pretty much every gold and silver coin available on the market, plus a ton of numismatic coins. Reasonable prices too. That being said, it might be a little bit late to get into a major gold purchase. Prices are still historically high. Meaning it's a long shot that it will go up much more. The other thing is that the supply of gold never goes anywhere. Meaning it has no large scale industrial use. So the supply never really goes down, it just changes hands over and over again. Silver on the other hand does have major industrial uses. Each year the supply keeps going down. One of these years there will be a shortage and the price SHOULD spike. When that will happen, who knows. I would look to spread it out a bit, some gold coins, some silver coins, and some platinum coins(if you can afford it). I prefer US Mint coins, due to widespread recognition, and also just because I like them. Hope that helps.
 
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948
Location
Kyiv, Ukraine
 Originally Posted By: Benzadmiral
I can see that a Krugerrand coin (which has an ounce of gold) now runs less than $1K.
Just remains to check availability which last time was often an issue. As for shopping, I would avoid ebay. Personally I never buy online, but people don't often have an option. Hope there are a couple of shops in your area where you can enjoy a process of keeping a coin in your hands before its purchase. Anyway, below links may help too: http://www.usagold.com/gold/price.html https://online.kitco.com/bullion/ http://www.caminocompany.com/itemsweoffer.htm http://www.rocklincoinshop.com/ http://www.goldline.com/coins/product/krugerrand.html http://www.amergold.com/vault/bullion.shtml http://www.onlygold.com/Index.asp
 

Benzadmiral

Thread starter
Messages
5,466
Location
Da Swamp
 Originally Posted By: msparks
 Originally Posted By: crinkles
hmmm. krugerrands. I have been thinking about gold too, but shelved that idea. I am saving in a high interest bank account though. Practicalities of gold just isn't there
Ya but once it's practical it's too late. Nothing wrong with 10% of your portfolio in Precious metals. Hopefully that would be enough to get you over the hump when the SHTF.
Right; I wasn't planning to put *everything* into gold, or any one item. Some gold and some silver. And yes, I'm investigating buying a gun again and getting my skills with it sharpened up.
 
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121
Location
Ohio
Right on. A little gold goes a long way. Maybe 5% of your stash. The fact that everyone seems to be buying and selling gold right now makes me think that this is NOT the time to buy it.
 
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