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Buying Gold Is Easier Than Ever

August 27, 2010 by  

Buying gold is easier than ever Some financial experts believe that in times of economic uncertainly and possibly looming inflation, investments in precious metals like gold, provide the best way to protect one’s assets. However, some people may find it onerous to go through the process, which they may associate with something only wealthy individuals can do.

Fortunately, today’s potential investors have more ways to go about buying gold without costly brokers and time-consuming visits to financial institutions. In fact, more people than ever before go online to buy gold bullion, according to Gold Made Simple, a trading company.

The best websites are easy to navigate, and can accommodate everyone – from a first-time buyer looking to buy a few gold bars to a seasoned trader who can purchase hundreds of thousands of pounds worth of the precious metal. Internet sellers typically deliver the gold to the customer’s home anywhere in the world, and some also offer ways to store and insure it off-site.

These types of services remove the aura of elitism from gold transactions and may help the average American keep their assets safe for future generations. As a result, they may avoid the pitfalls of stocks, shares or currency fluctuation.ADNFCR-1961-ID-19930239-ADNFCR

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  • Eric Messer

    Good information on purchasing gold. Do you have any advised web sites to go to, to invesigate and price gold.

  • James

    Short-term trading in gold could be safe, but if too many people buy too much gold the Obama Administration will have possession of it outlawed. FDR did this back in 1933, and President Obama has admitted many times that FDR is his hero. The new $50 Gold Eagles could be a prelude to that. The design is similar to the old St. Gaudens $20 gold coin, but is exactly one ounce of gold. One source for these coins is asking $1,435 per coin. Yesterday’s gold price was $1,237/oz. Question: Why does this one ounce gold coin say “50 dollars” on it? Why not $1,200 dollars? When FDR confiscated gold coins back then, the government paid the face value of the coin, not the intrinsic value. Think about it.

    • vicki

      I think they might find us a little more resistant to gold confiscation this time. That and do we even know how many people actually turned in their gold back then?

      • Richard Pawley

        Yes, about 9%. It was discussed publically for a number of weeks beforehand and this gave the ultra-rich, names we would all know, the time to ship their gold to Switzerland and South America. The law actually allowed a person to keep up to $100 or about five ounces but in typical government fashion this was not publicized so many turned in all they had. It has been said that they won’t actually confiscate it these days since 98% of the populaton has not even seen a gold coin much less owned one but instead place a huge tax on any sales not to the government. Just remember basically a socialist governemnt run by the banks can pretty much do whatever they want.

  • James

    Short-term trading in gold could be safe, but if too many people buy too much gold the Obama Administration will have possession of it outlawed. FDR did this back in 1933, and President Obama has admitted many times that FDR is his hero. The new $50 Gold Eagles could be a prelude to that. The design is similar to the old St. Gaudens $20 gold coin, but is exactly one ounce of gold. One source for these coins is asking $1,435 per coin. Yesterday’s gold price was $1,237/oz. Question: Why does this one ounce gold coin say “50 dollars” on it? Why not $1,200 dollars? When FDR confiscated gold coins back then, the government paid the face value of the coin, not the intrinsic value. Think about it.
    That same source shows a one ounce Silver Eagle coin that says “one dollar” on it when the present price of silver is $18.37/ox.

  • James

    Short-term trading in gold could be safe, but if too many people buy too much gold the Obama Administration will have possession of it outlawed. FDR did this back in 1933, and President Obama has admitted many times that FDR is his hero. The new $50 Gold Eagles could be a prelude to that. The design is similar to the old St. Gaudens $20 gold coin, but is exactly one ounce of gold. One source for these coins is asking $1,435 per coin. Yesterday’s gold price was $1,237/oz. Question: Why does this one ounce gold coin say “50 dollars” on it? Why not $1,200 dollars? When FDR confiscated gold coins back then, the government paid the face value of the coin, not the intrinsic value. Think about it.
    That same source shows a one ounce Silver Eagle coin that says “one dollar” on it when the present price of silver is $18.37/oz.

    • James

      My apoligies for the repititions, I hit the “back’ arrow, and when my entry appeared in composition box, I assumed it was allowing corrections or additiions to the same comment.

  • Norman

    Buying gold is easy. All it takes is money. I don’t know anyone who has any except government employees. Where’s the jobs? overseas?

  • Norman

    How many people believe there is any gold in Fort Knox?

    • James

      I would guess, a lot. But recently, China received some of our gold from Fort Knox, and upon inspection found that the 400 ounce bars were only gold plated. The core was a cheap metal of similar weight. Also Rep. Ron Paul’s attempt to have the Federal Reserve and Fort Knox audited, was shot down immediately. I say there is little, if any, gold in Fort Knox.

  • OneDamnAngryAmerican

    The “amount” placed on gold/silver coins is the “guarenteed” price that Uncle will pay to you, for the coin. It has nothing to do with the “spot” (current selling) price of gold/silver. All coins/bullion have “premiums” on them, which is the seller’s profit. Even the feds make a profit. All coins/bullion should only be bought if they are .999 or higher in gold/silver content. Old silver dollars, as an example, only have 40-60% silver in them, and sell because of their age/melt value, as an example. All coins cost as much as $40 more then their content, because of minting/premium/administrative costs for their sale. My suggestion, is to (now) buy silver in 5 oz. ingots and gold at 1 oz. ingots. You can store them in a safety deposit box (see Bob’s safety comments in doing so). Make an Excel document that shows what you paid for the bullion, the shipping and storage costs, and then a column for current value. Gold bullion by Credit Suisse, as an example, has a plastic sleeve on it (so it won’t wear or be shaved), has a serial number and assay card) and a serial number. Gold was about $300 an ounce, just 4 years ago! For legitimate bullion dealers, visit the US Mint’s website for recommendations. The dealer’s web-site will have education materials. I also buy bullion after the market closes, on-line, to guarentee the price at closing. All dealer’s have hold prices for about 10 mins. so they can increase/decrease your cost should the price change, during the day. After hours, there is no price change. But, it could change the next day. Buy your bullion and sit on it. If you need to sell, your “log” will show you the “cheapest” price you paid for an ingot, and that cheapest ingot should be sold first, as it will give you the largest “profit.” By the way, gold did not used to trigger alarms at the airport! LOL! Also, 100 oz. of each, to include Platinum and Pelladium, should be the max you should add to your portfolio. Also look into foreign storage facilities in countries that you visit/travel to often. And, also seek the ownership of foreign currency. Do not buy any from US, UK or Japan for investment purposes. They are all tied into the the US dollar.

    • James

      I would add that back when FDR confiscated people’s gold, they melted down tons of old gold coins, which made the remaining coins a rarity more precious than their gold content. Actual St. Gauden $20 gold coins in near mint condition are selling for $2500 now.

  • Norman

    Gold is where you find it.Old prospector wisdom.

  • http://gmail i41

    I would buy land, at least you can grow food and build some kind of a shack to live in. Gold doesn’t fill a belly andwhen thinks go to hell the government thugs will just track who is buying goods and impound you and your gold and anything you have. Ammo is the real gold to stock pile, followed by guns, keep them stored and dry.

    • amerikanhero

      I agree. Get them while you still can.

  • Tom

    I like bullion direct as a vendor. Little markup over spot and an okay turnaround time. Actually, I don’t bother w/ gold much and stick with Canadian Silver Maples which tend to cost less than U.S. Silver Eagles, (same silver content and purity…I guess the USA brand still counts for something).

    Anyway for whatever it is worth, I think silver is a practical emergency currency, I think it will have value as a barter item, but more importantly, won’t attract the attention gold will.

    The key is barterable items and the means to secure them. A million ozs of gold will not defend your house. If you don’t want to get into the bullion game, think premium alcohol, tobacco, food and weaponry.

    Default is a forgone conclusion now. It is just a matter of how ugly the process will be.

  • http://BobLivingston John H.

    Buying and storing bullion gold and silver coins now before extreme inflation depletes our buying power is the right thing to do now. Having Pre-65 silver coins, plus ammunition, food, and weapons will definitely pay off when the crisis comes. Not all of us can own land, but if we live in town, we can have a small garden and we can still stockpile food supplies.

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