Author Topic: Where To BUY & NOT Buy Gold & Silver -Bullion-  (Read 219 times)

Junius Maltby

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Where To BUY & NOT Buy Gold & Silver -Bullion-
« on: April 05, 2017, 09:36:30 pm »
Let's start a thread where the membership here can post only the BEST deals over spot for gold coins.  Try to include shipping.  We all scour the internet and see different deals at different times.  Also, there are some dealers that have a standard, exquisite price over spot for gold. 

Things to know: The spot price is the current market price at which an asset is bought or sold for immediate payment and delivery.  For metals this is raw metal in large contracts and bars.  COMEX - 1000 oz or 5000 oz silver.  Gold typically in 400+ ounce delivery bars. 
Seigniorage is the difference between the value of money and the cost to produce and distribute it.  Seigniorage derived from specie—metal coins—is a tax, added to the total price of a coin (metal content and production costs), that a customer of the mint had to pay to the mint.  Making coins is not easy and there is an added cost - purifying and weighing out, forming plankets, making dies, striking, handling, packing and shipping etc.  This is why coins and even smaller units of metal always cost more than spot.  For Gold, currently it appears that $30-$40 over spot is very fair (per oz.) For Silver, $1-$2 over is somewhat fair depending on volume and type of coins.  Hope that helps.

My Personal Rules for buying Precious Metals Bullion: 
1.) DON'T SIGN UP FOR ANYTHING - No "Network Marketing". 
2.) PAY AS CLOSE TO SPOT AS POSSIBLE (Gold Expect $40 over spot about Silver $1-2 Over) *Include Shipping.
3.)DO NOT PAY EXTRA FOR GRADED/SLABBED OR "NUMISMATIC" BULLION.
4.)EXPECT IMMEDIATE DELIVERY OF PHYSICAL (When my funds clear I better have a tracking number).
5.)IF YOU HEAR THEIR ADS ON A.M. RADIO OR PUSHED BY A RADIO TALK SHOW HOST - AVOID.
6.)DON'T BE A SUCKER - KEEP YOUR HEAD ON A SWIVEL.

There are numerous dealers of Gold, Silver and Precious Metals.  Some are more reputable and easy to buy from than others.  PROVIDENT METALS, SDBULLION, JDBULLLION, GAINESVILLE COINS, QUALITY SILVER BULLION, APMEX are some of my favorites (and those of some of my trusted subscribers). 
https://www.providentmetals.com
https://sdbullion.com
http://www.jmbullion.com
https://qualitysilverbullion.com
http://www.gainesvillecoins.com
http://www.apmex.com

I would urge you to AVOID GOLDWORTH FINANCIAL, LEAR CAPITAL, WHOLESALE DIRECT METALS, US GOLD BUREAU AND BIRCH GOLD!  This is from one of our viewers and this is what these companies do:
"Also stay away from Lear capital, Wholesale direct metals, US Gold Bureau,  and Birch Gold. My folks bought gold and silver from all 4 and got totally rapped paying up to 40% premiums and getting baited and switched into buying modern slabbed and graded semi-numismatic coins. Just google Goldline-Glen Beck-Lawsuit......all 4 of the companies pulled the same shit with my folks.....these companies need to be exposed and stopped." - Chris Stobel

DO NOT POST ANYTHING FROM 7K METALS or ISN COINS - These are Pyramid Schemes trying to rip you off through monthly membership fees and various charges.  One of them tries to hawk you a slabbed coin a month that is worth half the value the ascribe to it.  Rule #1 Don't sign up for anything - NO network marketing. 

If you have a bad experience, get ripped off and can validate a serious and questionable transaction - let the community know.

https://www.youtube.com/watch?v=Nhe8yoT2gYg
AURUM ET ARGENTUM -  LIBERTAS - παρρησία - AMAGI

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Junius Maltby

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« Last Edit: April 13, 2017, 01:17:30 pm by Junius Maltby »
AURUM ET ARGENTUM -  LIBERTAS - παρρησία - AMAGI

LBpowers

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Re: Where To BUY & NOT Buy Gold & Silver -Bullion-
« Reply #2 on: April 17, 2018, 01:01:36 pm »
DO NOT POST ANYTHING FROM 7K METALS or ISN COINS - These are Pyramid Schemes trying to rip you off through monthly membership fees and various charges.  One of them tries to hawk you a slabbed coin a month that is worth half the value the ascribe to it.  Rule #1 Don't sign up for anything - NO network marketing. 

Hi my name is Lorabeth Powers & I'm looking for any1 who was victimized by 7k Metals! I just spoke to the FBI because if you Google pyramid scheme you'll notice that the definition describes 7k Metals to a T & the only way for the FBI to investigate this is if I have victims who lost money who are willing to come forward, could you help me with this?