Where and how do you purchase physical gold?

Discussion of the Gold portion of the Permanent Portfolio

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fishdrzig
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Where and how do you purchase physical gold?

Post by fishdrzig » Sat Mar 01, 2014 11:11 am

Can you make some recommendations please?
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Desert
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Re: Where and how do you purchase physical gold?

Post by Desert » Sat Mar 01, 2014 11:43 am

There have been several threads in the past on this topic, but I'll state again that CNI has been very good. 
http://www.golddealer.com/

Good prices, good service.  I've bought and sold with them with no problems. 
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fishdrzig
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Re: Where and how do you purchase physical gold?

Post by fishdrzig » Sat Mar 01, 2014 12:28 pm

Thanks for the lead, I read the whole site.  Just out of curiosity, does anyone actually put the physical gold into an IRA account through a third party brokerage firm?  If not, where do you have it delivered and how do you store it safely?
stuper1
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Re: Where and how do you purchase physical gold?

Post by stuper1 » Sat Mar 01, 2014 12:29 pm

I can also give a strong recommendation for CNI.  I just finished my first gold purchase through the mail from them, and everything worked out well.  I wanted Krugerrands, and my local dealer hardly ever has them.  I called up CNI, locked in the price, and sent them a personal check.  They said the coins would mail out two weeks after they received the check, and that is exactly what happened.  The coins arrived in a non-descript, but very well packed, box.  I believe shipping is free for purchases over $2k.  I was a little put off by having to wait two weeks, but unless you want to pay about $30 for a bank transfer, that's what you have to do.  Fortunately, I could watch the value of my coins going up during that two weeks, even though I didn't actually have them in my possession.  The price is locked in on the first phone call.
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Desert
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Re: Where and how do you purchase physical gold?

Post by Desert » Sat Mar 01, 2014 12:45 pm

fishdrzig wrote: Thanks for the lead, I read the whole site.  Just out of curiosity, does anyone actually put the physical gold into an IRA account through a third party brokerage firm?  If not, where do you have it delivered and how do you store it safely?
I don't have any experience holding physical gold in an IRA.  For physical gold purchased with after-tax dollars, you can have the gold delivered directly to your house, and the standard advice on this forum is to store the gold in a safe deposit box at your local bank. 

If you're going to purchase a very large amount of physical gold, I'd have it delivered in smaller increments, to reduce the risks in carrying it from your home to the bank. 
Our greatest fear should not be of failure, but of succeeding at something that doesn't really matter. 
- D.L. Moody

Diversification means always having to say you're sorry.
ns3
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Re: Where and how do you purchase physical gold?

Post by ns3 » Sat Mar 01, 2014 3:13 pm

I've bought from AJPM, Goldmart, and Gainesville coins and the only bad experience I ever had was when it took Goldmart over 6 weeks to ship my order last year. Won't be transacting with them again.

I'll probably be buying from Gainesville coins from now on. They have some of the lowest prices but a lot of people think their shipping rates are too high. Doesn't bother me because they are about a 30 minute drive away and I can pick up in person. I place the order on their website and then send them a bankwire through Fidelity (which costs $0) and gets you the lowest price. They send me an email confirming the transaction after they receive the money in their account and  then in about a week or so I get a call saying it's ready to pick up.

With AJPM and Goldmart I transacted the orders online and then sent them personal checks in the mail. They both required a credit or debit card deposit to insure that you would send the check but they cancelled it as soon as the check was received and there was never any problem with that.
Last edited by ns3 on Sat Mar 01, 2014 3:27 pm, edited 1 time in total.
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Bean
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Re: Where and how do you purchase physical gold?

Post by Bean » Sun Mar 02, 2014 8:05 pm

Apmex.com has treated me well and I use them almost exclusively now. 
“Let every man divide his money into three parts, and invest a third in land, a third in business and a third let him keep by him in reserve.� ~Talmud
technovelist
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Re: Where and how do you purchase physical gold?

Post by technovelist » Mon Mar 03, 2014 10:51 am

And don't forget to stay out of rowboats!
FarmerD
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Re: Where and how do you purchase physical gold?

Post by FarmerD » Mon Mar 03, 2014 9:00 pm

Goldmart was kinda slow with my last purchase there (nearly 3 weeks) so I tried Provident a month ago.  Bought three times now from them and got 3 day turnaround each time.  BTW they were selling Eagles for $39 over spot and Maples at 24 over spot at the time.  Now eagles are going for $44 and Maples for $29 so those are still pretty good prices. 
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Mark Leavy
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Re: Where and how do you purchase physical gold?

Post by Mark Leavy » Sat Apr 12, 2014 12:09 am

goldensilveronline wrote: I will recommend you to go with Gold Silver Online from where you can buy Gold and silver coins/Bar online. Investing on Gold is really a very good idea because rate of Gold increasing day by day.
My mistake.  I responded to you earlier in a different thread - thinking that you were genuinely naive and interested in learning.  I didn't realize that you were a spammer.  Fuck.  Even as an old man I still get rolled.
Last edited by Mark Leavy on Sat Apr 12, 2014 10:36 am, edited 1 time in total.
rickb
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Re: Where and how do you purchase physical gold?

Post by rickb » Sat Apr 12, 2014 12:20 am

Mark Leavy wrote:
goldensilveronline wrote: I will recommend you to go with Gold Silver Online from where you can buy Gold and silver coins/Bar online. Investing on Gold is really a very good idea because rate of Gold increasing day by day.
My mistake.  I responded to you earlier in a different thread - thinking that you were genuinely naive and interested in learning.  I didn't realize that you were a spammer.  Fuck.  Even as an old man I still get rolled.
Mark - it's never a mistake to assume good faith. However, I think we all know now what's going on here.  I've sent a PM to TennPaGa and MediumTex.  I'm confident goldensilveronline will get the message that spammers are not particularly welcome here.

[edit] Based on the broken English my guess is http://www.goldandsilveronline.com/ hired a Chinese firm to try to increase their business via "social media" placements.  This doesn't necessarily mean they're a terrible place to do business with, but it definitely gives one pause to consider - meaning they may well be accomplishing the exact opposite of what they want.
Last edited by rickb on Sat Apr 12, 2014 10:36 am, edited 1 time in total.
AlanT
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Re: Where and how do you purchase physical gold?

Post by AlanT » Thu Apr 17, 2014 8:05 pm

fishdrzig wrote: Thanks for the lead, I read the whole site.  Just out of curiosity, does anyone actually put the physical gold into an IRA account through a third party brokerage firm?  If not, where do you have it delivered and how do you store it safely?
There are many companies out there where you can purchase physical gold and put it into your IRA.  It's becoming quite the trend nowadays.  Just do a couple of searches for Gold IRA Rollovers, etc. and start calling the companies that come up on the first page of google.

Good Luck.
Precious Metals, like Gold, Silver, Platinum and Palladium have always had their place in a well balanced retirement portfolio.
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