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Looking for info on buying gold

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  • #1

    Looking for info on buying gold

    As part of my preps I've been working on a reasonable amount of PM's.

    I have reached my goal on silver, mostly in pre-'64 U.S. dime, quarters, half dollars, and dollars.
    So now I'm looking to buy some gold, not a lot, I certainly can't lay out the cash for an ounce at a time. I was thinking of buying 1/10th oz. per month to build my pm supply. I'm at a loss on how to do it though. Can anyone school me here? Can you buy 1/10th oz. coins or some form of bullion?

    :D I'm a novice in the PM world so try to use small words :D. Thanks all!
    Brokedownbiker

    If ever a time should come, when vain and aspiring men shall possess the highest seats in Gov't, our country will stand in need of its experienced patriots to prevent its ruin
    Sam Adams

    Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.
    John Adams
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  • #2
    You can buy 1/10th ounce coins but you'll pay a premium over the per ounce cost.

    I get mine at a local coin dealer that I've built a rapport with.
    http://theoldtimeway.blogspot.com/

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    • #3
      I've found the best method for acquiring smaller amounts of gold is by using pliers to repossess teeth from welfare recipients, LOL. I think Benn Gleck got it. Sorry I don't have a response that is actually helpful.

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      • #4
        APMEX - American Precious Metal Exchange is excellent. I've used them several times without incident. I'm very pleased with my purchases.

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        • #5
          If I had money to buy gold, I'd buy more rice.beans ect plus more silver. Gold is for very rich people who think there may be a recovery in 20 yrs and they'll make a land grab

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          • #6
            I use Gainseville coins , very good prices , will sell small amounts and easy to deal with .

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            • #7
              Originally posted by crossbow View Post
              If I had money to buy gold, I'd buy more rice.beans ect plus more silver. Gold is for very rich people who think there may be a recovery in 20 yrs and they'll make a land grab
              Like any other currency, there are many denominations. I see gold as a large denomination bill like a $100 dollar bill, compared to silver coins which will fill the smaller denomination niche. Think of it as paying for a car with $1 bills vs. $100 bills.

              Rice and beans? You mean people are storing food and such? Why wasn't I informed about this?!?!?!

              Seriously... I have a plan and a budget for my preps that includes all sorts of things including PM's. The 3 B's were the first thing I concentrated on (and they are still being stored monthly) but I have reached a point where other things on the list are being worked on.

              Thanks for the info everyone; I located a small coin shop one town over that has 1/10th oz. coins available. Zoinks! His original price was definitely a premium over spot, just like you mentioned Benn Gleck. A long conversation and realizing that we had some common friends got him to come down to a more reasonable price. Networking and mutual acquaintances are a big plus in the bartering world.

              Many thanks!
              Brokedownbiker

              If ever a time should come, when vain and aspiring men shall possess the highest seats in Gov't, our country will stand in need of its experienced patriots to prevent its ruin
              Sam Adams

              Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.
              John Adams

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              • #8
                I haven't tried it yet. Look effective in buying gold.

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                • #9
                  We use Ebay.

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                  • #10
                    You may want to be able to use smaller amounts of gold to barter than 1/10th ounce. Also consider 22kt gold chains they use in jewelry. You can snip a link or two as you need it for barter...

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