Where and how do you purchase physical gold?

Discussion of the Gold portion of the Permanent Portfolio

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Kriegsspiel
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Re: Where and how do you purchase physical gold?

Post by Kriegsspiel » Tue Mar 27, 2018 8:59 am

Yea, my mistake. The expatriate part was related to earned income.
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Re: Where and how do you purchase physical gold?

Post by dualstow » Mon Apr 09, 2018 1:49 pm

barrett wrote:Just thought I'd pass this along...

I put in an order with Kitco on Monday and wired $ the same day. Coins were shipped Tuesday and arrived via UPS on Wednesday even though I didn't pay for expedited shipping. Ten coins at $1,312 each. Insurance was $52.48 & the wire fee was $30. Price above spot was $21 per coin. All included my price above spot was just under 2.2%. Pretty damn easy and the coins are all 2016 Eagles in great shape.

This is one of the "special offers" on their site for which - at least this is my understanding - one cannot specify a year on the coins.

I have to say I am pleasantly surprised (and that my wife is a little freaked out that I bought gold online). Open package, fondle, make note to dig a hole in the back yard when the ground thaws.

You were smart to wire.

I just tried ordering a few coins (not 10) from the same vendor, but never got past the credit card page. I selected personal check, but you have to enter a credit card to proceed. There were a few strange things:
- Personal check option says less than $10,000. Why? Maybe because it's my first order? I have paid by check for more than that to other vendors.
- After I entered the credit card info, I got kicked out of the order process.
- I got on the online chat with a cust svc rep, who confirmed that the order had not yet gone through. Tried more than one card, and got online with my bank to make sure they weren't blocking anything. (They regularly block me from buying something like a plane ticket until I resend my info and security answers).
- In the end, I canceled the order. Shrug. I will try again someday, but it looks like I'm back to apmex for now, though they are about US$6 per coin more than the special from kitco, if I remember right. (Kitco price went up a few dollars, dollar by dollar as I scrambled to complete the order).

This is my fifth vendor, and my second online vendor. (1 local, 2 by phone, 2 online). This is the first time I couldn't get an order through, not including my bitcoin-for-gold disaster at Apmex.
de-fang the snake, said my filipino kali instructor. Shortly after that, he hit me in the head with a rattan stick.
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dualstow
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Re: Where and how do you purchase physical gold?

Post by dualstow » Wed Apr 11, 2018 7:50 am

^ Hmm, I wonder if I missed my chance. ^
Short-term thinking, I know.
de-fang the snake, said my filipino kali instructor. Shortly after that, he hit me in the head with a rattan stick.
— Desert, 2016 (Nomad clothing thread)
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buddtholomew
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Re: Where and how do you purchase physical gold?

Post by buddtholomew » Wed Apr 11, 2018 8:46 am

dualstow wrote:^ Hmm, I wonder if I missed my chance. ^
Short-term thinking, I know.
Nah, premium is 2.2% and gold is up less than 1%...the way I see it you are up 1.2% ;)
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Re: Where and how do you purchase physical gold?

Post by Jack Jones » Wed Apr 11, 2018 10:44 am

blue_ruin17 wrote:For physical (40% of my gold allocation) I order from silvergoldbull.ca. Free, fast shipping; usually the lowest premiums I can find. Online dealers are pretty much the only way to go, IMO -- brick and mortar dealers just can't compete.
I don't have enough cash in taxable space to buy physical gold yet, but I'm planning on buying it from a brick and mortar place for privacy. I imagine I can walk in, buy a coin with cash and walk out without them knowing anything about me, right?
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Re: Where and how do you purchase physical gold?

Post by dualstow » Wed Apr 11, 2018 1:04 pm

Jack Jones wrote:I don't have enough cash in taxable space to buy physical gold yet, but I'm planning on buying it from a brick and mortar place for privacy. I imagine I can walk in, buy a coin with cash and walk out without them knowing anything about me, right?
I think that's true, at least until an ounce is more than $10,000. I don't know for sure, because I used a personal check, never cash.
It seems unlikely that someone would go out of their way to buy a coin here and a coin there, at multiple local dealers, just to hide a large purchase. It would be more trouble than it's worth. So I would imagine you're right.

I found this. Hmm. https://www.caseyresearch.com/this-is-t ... cking-you/
buddtholomew wrote:
dualstow wrote:^ Hmm, I wonder if I missed my chance. ^
Short-term thinking, I know.
Nah, premium is 2.2% and gold is up less than 1%...the way I see it you are up 1.2% ;)
O0
de-fang the snake, said my filipino kali instructor. Shortly after that, he hit me in the head with a rattan stick.
— Desert, 2016 (Nomad clothing thread)
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buddtholomew
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Re: Where and how do you purchase physical gold?

Post by buddtholomew » Wed Apr 11, 2018 1:11 pm

Bye bye gold...

Welcome back!
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Re: Where and how do you purchase physical gold?

Post by ochotona » Fri Aug 31, 2018 1:04 pm

Has anyone had experience buying from SD Bullion? Good, bad? Their prices seem very low.
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Re: Where and how do you purchase physical gold?

Post by ochotona » Sun Sep 09, 2018 6:49 am

Texas Precious Metals no longer has good prices. I don't know what happened but I won't buy from there now.
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Re: Where and how do you purchase physical gold?

Post by ochotona » Sun Sep 09, 2018 5:42 pm

ochotona wrote:
Sun Sep 09, 2018 6:49 am
Texas Precious Metals no longer has good prices. I don't know what happened but I won't buy from there now.
The CREDIT CARD prices are in the left-most column. They are much higher than CASH / CHECK / WIRE prices. I was comparing Tex CC prices vs. everyone else's cash prices. Silly me. I suggested they make the CC prices the right column, not the left. People read left-to-right.
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dualstow
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Re: Where and how do you purchase physical gold?

Post by dualstow » Sun Sep 09, 2018 6:44 pm

yeah, that’s weird. Put your cheapest price first unless you want to scare off customers!
de-fang the snake, said my filipino kali instructor. Shortly after that, he hit me in the head with a rattan stick.
— Desert, 2016 (Nomad clothing thread)
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Re: Where and how do you purchase physical gold?

Post by Ad Orientem » Mon Sep 10, 2018 10:43 pm

I haven't done anything in gold for a while, however, I generally prefer local businesses assuming their prices are reasonable. Sometimes though one can find some very good deals online. The only precious metals purchases I've made lately were all silver and I got 400 ozs for .49 cents over spot from JM Bullion.
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