I am buying 23 k worth of physical gold coins

Quote from JSHINV:

:) Maybe. But, throughout history there has always been a medium of exchange. Even so, can't predict -- at least I can't

Could happen. I don't think in my lifetime though. Hopefully not. Usually it takes a while for civilizations to crumble - usually centuries. Having a conversation with a friend recently talking about financial collapse. I asked him, "do you think a financial collapse will happen in the next 100 years?" He replied, "No." I then asked do you think I financial collapse will happen in the next 1000 years. He replied, "Yes." Then I said, "Well then, it is only a matter of when." I tend to agree if it happens it is decades down the road.

I can't live my life with a survivalist attitude. It is kind of a waste anticipating the bad, when no one knows what and will happen.
Not saying you are advocating this -- or anyonne else is.:) But, I've known a couple of people who were survivalists and they wasted their time, money and in some ways their lives.
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After reading this post, it seems you need a Psychiatrist's attention more than you need Gold. There is something really bizarre and weird in there.
 
Quote from day7793:

After reading this post, it seems you need a Psychiatrist's attention more than you need Gold. There is something really bizarre and weird in there.
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I disagree, and have no idea what could have prompted you to insult him like that.
 
Quote from rcanfiel:



I suspect people living in dark houses might be willing to barter for your surplus panels. no electricity = no refrigeration, cold showers, no lighting, heat, etc.

Do the same with solar water. It is cheap, and you will save a lot of money and energy
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Best survivalist website on the internet:

http://survivalblog.com
 
Dealers buy at spot - and sell at spot +

You need to have coins to sell, and when someone calls or places an order, they want a price as of that moment to be firm. So when prices fall too far, the premiums go up, and when they rise too far, the premiums go down.

Obviously, there are costs to get business, insurance, storage and the problem where you can't afford to trust anyone.

$23k isn't going to put you in business, I don't think, if that's what you're thinking. I've never worked in the industry, so take what I said with a grain of salt.
 
Quote from bad feeling:

Ok ET time to prove your worth, I am buying over 20 k worth of gold because I would rather be a stupid man with gold than a smart ass with paper money.

Before I go to my bank and ask my advisor, what do you guys say

Where should I go to buy coins.

There is no way I am buying from some jewelry asses, they will price me up to 40% mark up

any thoughts are appreciated
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I got loads of dem dubloons. I will sell you them at half price.

Meet me up a dark alley at midnight.... and bring cash!
 
Quote from newguy05:

if i read this correctly, are some of you seriously saying buy some physical gold and put it in a box? :eek:
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Yeah, that was exactly right. Now look back since December and ask yourself how your investment did as compared to mine.

Those coins in my SD box are still 1 oz each. I'm not saying my coins will magically multiply, but as result of the mysteries of central bank confetti printing, they appear to be worth a lot more.
 
Quote from thriftybob:

Dealers buy at spot - and sell at spot +

You need to have coins to sell, and when someone calls or places an order, they want a price as of that moment to be firm. So when prices fall too far, the premiums go up, and when they rise too far, the premiums go down.

Obviously, there are costs to get business, insurance, storage and the problem where you can't afford to trust anyone.

$23k isn't going to put you in business, I don't think, if that's what you're thinking. I've never worked in the industry, so take what I said with a grain of salt.
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sure, that makes sense. i've been comparing spreads across physical dealers, pools, etc

basically what i'm wondering is how a dealer actually procures new physical coins from the US Mint/Treasury and what spread they pay for their inventory that they turn around and retail to the public
 
Quote from Avid_Consumer:

sure, that makes sense. i've been comparing spreads across physical dealers, pools, etc

basically what i'm wondering is how a dealer actually procures new physical coins from the US Mint/Treasury and what spread they pay for their inventory that they turn around and retail to the public
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Just call the mint and ask. You will find they have no coins to sell, I bet.
 
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