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Author Topic: buying gold bullion  (Read 406 times)
loser
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« on: January 24, 2008, 09:42:28 PM »

Does anyone have experience/advice concerning the purchase of physical gold--best place to buy, best way to store?  I have all of Casey's recs: Kitco.com, Goldmoney.com, Perthmint.com, but since having been stung by Dines, I am now wary of all newsletter advice.
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« Reply #1 on: January 24, 2008, 10:32:34 PM »

1)Buy single small purchase amounts at a time. (1)oz or so. Do not buy large amounts in any one transaction.

2)Make all purchases with cash, so records are kept to a minimum, or else a  paper trail is established, which, if in the wrong hands, could point to you owning a lot of gold.

3) Never keep your gold hidden at home, even in a safe at home, because theives will know where to look, and will find it. If you have thought of a great hiding place, chances are, they already know about that spot too, because thats what they spend their time doing. Also with metal detection technology, it wouldn't take too long to find, either.

4) Keep some in more than one safety deposit box. IE, get a box from different known establishments (banks, etc) and divide your amount out...ie, do not keep it all in one place, for if the establishmnet goes broke, or for some unforseen reason closes, or locks the doors, you are really stuck.

5) While you are at it, purchase some Canadian Silver $5.00 maple leaf coins. They are 999 pure silver, sealed in plastic, very beautiful to look at and hold, and will appreciate over time also. The sweet thing is, they are worth their face value of $5.00CDN in monetary terms, but even more Silver contect value also.  You could have a savings account, convert all your money into silver or gold coins, and watch them appreciate. If the bottom falls out of the economy, you have REAL MONEY. They are well worth saving.

Take every precaution you can, and leave nothing to chance. Also tell nobody about what you are doing, not family members, relatives, friends,etc. No one needs to know but YOU.....Hope this helps...cheers, D
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punter
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« Reply #2 on: January 25, 2008, 05:42:38 PM »

Theres always the CEF-AMEX. It holds 50% gold bullion 48% silver bullion and 2% cash.

Bullion without the security problems.
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