If you don't hold it, you don't own it...
The bullion derivatives market has been artificially suppressing the price for a long time & when it finally blows, I think physical bullion holders will see a massive return.
Could be leveraged at 100:1 or greater...
As a complete novice to gold purchasing, looking into gold bullions right now sketches me out because of all these brands. Whats a good resource to get started understanding this market more? Really think its a good market to invest in right now since Q has really hinted at us going to a gold standard.
I've purchased online from sdbullion & Gainesville coins - they tend to have lower premiums & I've had no 'issues' (my gainseville order last summer took a while to arrive, though demand was high at the time).
Recently, I'm purchasing from a local shop b/c I don't want to risk having a package of bullion in the mail if the mail stops...
Looking at the gold/silver ratio & speculated derivatives, I think silver has more 'room to run', though it is also a less dense store of value (good for barter though bad for storage) & more volatile.
I'd recommend a mix of both.
90%/constitutional/junk silver (US coinage pre-1965(?)) is probably the least expensive way to get fractional coinage to use in case barter is necessary.
American silver & gold eagles have higher premiums, though they also command the highest sell price. Personally, I try to avoid coins with the queen on them though that limits my options.
Bars are more easily counterfeited than coins/rounds & tend to command a lower bid, so I tend to stick to rounds/coins.
I'd be cautious of eBay/Craigslist purchases - if it seems to good to be true it probably is & the amount you'd potentially save may not outweigh the risk of getting screwed.
If you don't hold it, you don't own it... The bullion derivatives market has been artificially suppressing the price for a long time & when it finally blows, I think physical bullion holders will see a massive return. Could be leveraged at 100:1 or greater...
As a complete novice to gold purchasing, looking into gold bullions right now sketches me out because of all these brands. Whats a good resource to get started understanding this market more? Really think its a good market to invest in right now since Q has really hinted at us going to a gold standard.
I am expecting gold to do very, very well. I have some physical, and silver also.
And if the rumors are true about the coming implementation of NESARA, we will return to precious metal backed currencies.
I've purchased from APMEX and JDBullion. I wanted to buy offline, but there are way too many counterfeit scams out there on ebay and craigslist.
I've purchased online from sdbullion & Gainesville coins - they tend to have lower premiums & I've had no 'issues' (my gainseville order last summer took a while to arrive, though demand was high at the time). Recently, I'm purchasing from a local shop b/c I don't want to risk having a package of bullion in the mail if the mail stops... Looking at the gold/silver ratio & speculated derivatives, I think silver has more 'room to run', though it is also a less dense store of value (good for barter though bad for storage) & more volatile. I'd recommend a mix of both. 90%/constitutional/junk silver (US coinage pre-1965(?)) is probably the least expensive way to get fractional coinage to use in case barter is necessary. American silver & gold eagles have higher premiums, though they also command the highest sell price. Personally, I try to avoid coins with the queen on them though that limits my options. Bars are more easily counterfeited than coins/rounds & tend to command a lower bid, so I tend to stick to rounds/coins. I'd be cautious of eBay/Craigslist purchases - if it seems to good to be true it probably is & the amount you'd potentially save may not outweigh the risk of getting screwed.
Thank you very much for the info