Slippage on buying metal is terrible. Its not a good active trading instrument.
Where to Buy Physical Gold?
- Thread starter RedSun
- Start date
Slippage on buying metal is terrible. Its not a good active trading instrument.
Pawn shops can provide you exceptional price on gold coins , if you get it from their shop.They have pawned gold items which they used as collateral from others who have taken the loan from pawn shops.I usually buy gold coins from pawn shops, also they offer loans against art also.If you have a painting or wooden art you can get loan from them on that pricey art.
I would urge you to avoid buying gold bars and other forms of gold bullion (bars, rounds). One day you will want to sell it and when you do you are going to have a difficult time unloading it. Why, because the prospective buyer doesn't know if it's a genuine gold bar or a gold-colored bar made of who-knows-what! It will have to be assayed to determine its purity, and that's a hassle and expense. You are much better off buying modern coins like American Eagles which are very liquid in terms of the aftermarket and are readily identifiable by coin dealers, pawn shops, and collectors.
....generally that is true. I, however, have sold gold and silver bars and generic rounds to APMEX for barely under spot. Perhaps they have an X-ray machine or some piece of technology (? something that goes beyond just the exterior). they definitely resell bars and large ones (10 + 100 ozt) in a secondary market, and I don't lose any sleep on anything I buy there. in a total societal breakdown where APMEX or the like isn't available, carrying something identifiable and hard to replicate like Eagles is tantamount. The apocalypse scenario is part of the appeal and realistic for many buyers.
Canada Sells Nearly Half Of All Its Gold Reserves
Submitted by Tyler Durden on 02/11/2016 23:12 -0500
The government of Canada sold off nearly half its gold reserves in recent weeks, continuing a pattern of moving away from the precious metal as a government asset.
Submitted by Tyler Durden on 02/11/2016 23:12 -0500
The government of Canada sold off nearly half its gold reserves in recent weeks, continuing a pattern of moving away from the precious metal as a government asset.