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Re: Best Deal right now on Gold

Posted: Sun Jan 10, 2021 12:40 pm
by SomeDude
As of right now this is what I see as the deals for PHYSICAL gold (is there any other kind? lol).

Best Gold Eagle deal = 2021 Gold Eagle 1 oz for $1,939 (4.4% over spot) from https://www.bgasc.com/product/2021-amer ... ID=1016390

Best fractional gold deal = 0.242 oz US commemorative coin for $464 (3.4% over spot) from https://bullionexchanges.com/us-mint-go ... prices.com

Cheapest quality gold (that isn't a large amount) = 1 oz Royal Canadian bar for $1,907 (2.7% over spot) from https://boldpreciousmetals.com/product/ ... prices.com

Best overall = The gold Eagle up top in my opinion

What did I just order = 2021 1 oz Britannia for $1,914 (3.1% over spot) from https://www.bgasc.com/product/2021-gold ... ID=1016390

I was going to get a 2021 Britannia anyway. I think it's the best sovereign bullion coin in the work right now for beauty and security. It's not as liquid as the AGE and it will sell for less someday I'm sure, but I'll save 25 bucks today and enjoy it.

FWIW - I have purchased from all the of these companies and trust them fully. There were some other items in close competition but I would never recommend a company I hadn't already bought from.

Re: Best Deal right now on Gold

Posted: Sun Jan 10, 2021 1:01 pm
by ppnewbie
What’s your take on the security of echecks? I am concerned about adding bank account (echeck) info for several different dealers. Most of the research I’ve done on echeck security seemed to say it is low risk. But...I don’t usually believe what I read unless I verify a few times over.

Re: Best Deal right now on Gold

Posted: Sun Jan 10, 2021 1:16 pm
by SomeDude
ppnewbie wrote:
Sun Jan 10, 2021 1:01 pm
What’s your take on the security of echecks? I am concerned about adding bank account (echeck) info for several different dealers. Most of the research I’ve done on echeck security seemed to say it is low risk. But...I don’t usually believe what I read unless I verify a few times over.
I use it for convenience and don't worry about it. I keep very little in my checking, never more than 10k. When it gets close to 10k I'm always buying more gold!

It's much faster. But i would say don't do it you're worried, just expect 5-10 more biz days before you get your gold.

Re: Best Deal right now on Gold

Posted: Sun Jan 10, 2021 11:26 pm
by tomfoolery
ppnewbie wrote:
Sun Jan 10, 2021 1:01 pm
What’s your take on the security of echecks? I am concerned about adding bank account (echeck) info for several different dealers. Most of the research I’ve done on echeck security seemed to say it is low risk. But...I don’t usually believe what I read unless I verify a few times over.
I'd suggest using separate dedicated checking accounts. For example, have four checking accounts at different institutions:

ACCOUNT 1) Main account given to your employer/clients for payroll

ACCOUNT 2) Account used to pay bills like Mortgage/Rent, Credit Cards, Utilities, etc

ACCOUNT 3) Account used for eChecks for bullion

ACCOUNT 4) Backup account, not used, but transfer $1 in every 6 months from another account to avoid account closure or fees from inactivity.

The money gets put into ACCOUNT 1 from your employment and you can move it to your brokerage/retirement account for contributions, or move however much you need into Account 2 to pay bills, or move however much you need to Account 3 to buy gold online.

This way if your ACCOUNT 3 bullion echeck account gets compromised, they cant take any money because you transferred only exactly how much you needed for the single transaction there. And it also won't impact your mortgage.

And Account 4 is in case ACCOUNT 1 gets hacked, which is linked to accounts 2 and 3. Then you can update your job to direct deposit to Account 4 and/or deposit physical cash into account 4 to pay bills as needed until you can deal with the fraud going on with the other accounts, and reset those account numbers.

I recommend if you only have one checking account, to get the other accounts set up while simultaneously taking advantage of new account opening bonuses of a few hundred dollars each that pop up from time to time.

Re: Best Deal right now on Gold

Posted: Wed Jan 13, 2021 1:37 am
by ppnewbie
Just purchased an Eagle proof set (1oz, 1/2oz, 1/4oz, 1/10oz) at 6% over spot. Think I did OK on it. I love proofs because they are extra shiny and you can take take the coins out of the capsules. Got them from my local dealer.

Re: Best Deal right now on Gold

Posted: Wed Jan 13, 2021 1:41 am
by ppnewbie
@tomfoolery - thanks for the advice. I’ll probably end up creating a simplified version of that system.

Re: Best Deal right now on Gold

Posted: Wed Jan 13, 2021 3:20 pm
by SomeDude
ppnewbie wrote:
Wed Jan 13, 2021 1:37 am
Just purchased an Eagle proof set (1oz, 1/2oz, 1/4oz, 1/10oz) at 6% over spot. Think I did OK on it. I love proofs because they are extra shiny and you can take take the coins out of the capsules. Got them from my local dealer.
Very nice!

They are usually priced good when bundled like this. Also very good to get from an LCS you can have a relationship with.

Re: Best Deal right now on Gold

Posted: Sat Jan 16, 2021 11:25 am
by SomeDude
Best Gold Eagle deal = random year Gold Eagle 1 oz for $1,941 (5.8% over spot) from https://bullionexchanges.com/1-oz-ameri ... prices.com

Best fractional gold deal = 0.242 oz US commemorative coin for $455 (2.5% over spot) from https://sdbullion.com/5-us-commemorativ ... prices.com

Cheapest quality gold (that isn't a large amount) = 1 oz sovereign gold coin random design $1,883 (2.6% over spot) from https://sdbullion.com/random-1-oz-gold- ... prices.com

Best overall = The random 1 oz sovereign coin. It will probably never fetch as much on resale but saves you $58 today and free shipping.

FWIW - I have purchased from all the of these companies and trust them fully.

Bonus best silver deal - 10oz bars for $261 (4.9% over spot) from https://silvergoldbull.com/10oz-pure-si ... 430a24060c