Best company and website to buy gold and silver?

Blanchard's in NO is an old line honest company.

Why do you want to own the physical asset of gold and/or silver?

The one thing to keep in mind that seems to be overlooked: what it will cost to buy and sell the physical asset. The spreads are wide. In some cases $100 each way.

If you end up buying gold coins or bars, you don't want to keep it at your house. You want to keep it in a safety deposit box (sdb). The annual storage cost of a sdp is not that bad.

Do a search for gold dealers AND another for coin shops in your area. Several years ago I helped a relative who wanted to cash in their gold coins in New Orleans.

I called about 10 of these companies and a couple that advertise on the business channels. I found that Blanchard was on the high side which is to say they were going to give the least amount for selling gold coins.

When I called all the shops, I made note of the live market price shown on CNBC for gold. Blanchard offered to buy each coin for about $100 less than the market price. They also shared that if I wanted to buy coins from them, they would charge $100 per coin over the market price. That is a bad deal. If you went with Blanchard and if gold were $1,000/ounce, you would need it to go up 20% in price just to break even.

Some places tried to play games by quoting the wrong market price and say that was the going rate plus their fee to buy it. When I told them I could see the real time price on CNBC or kitco as we spoke there was silence.

A coin shop in Metairie offered to buy them for about $30 per coin less than the market price which turned out to be the best price I could find.

I found it odd that some coin shops wanted to know the condition of the gold coins which shouldn't matter. One of the gold tv advertisers offered a "deal" where they only charge the commission upfront about $80 per coin and it is free to sell the coins back to them. They were vague on whether they would give you the price when you call them to sell or if they give you the price when they receive them.

Kitco.com is a good source for information on precious metals.

Goldmoney, hands down. They will store your metals (if you don't want to take physical delivery) as well as once you have at least 0.2 GAU (gold grams) you can get a prepaid debit card so that you can spend your value equivalent if you so need to.

Jim Rogers - Gigantic Short Position in Gold & Silver Right Now September 30

He pretty well said he'd buy nothing now. Also a couple others I've watched said the gold and silver was going to hammer far lower before they rocket up, including Jim. Jim did say buying silver now is tolerable. So if you have skills in watching the market there should be a significantly better time to buy, but I guess the silver-gold spread makes it ok to buy silver.

The far more interesting thing is predicted amount of silver is far lower than gold. There is far more gold than silver in bullion form, plus silver gets used up. Then again, they always seem to find more ways to find gold/silver, but future silver seems less than gold.

Depending on what you are buying and how much it is far better to buy from foreign countries. Like they are legally mandated to have a limit on spot or something. It may have been Germany but I forget now, so I'd look into that.