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Started By
Message
Buying gold
Posted on 1/20/21 at 7:58 pm
Posted on 1/20/21 at 7:58 pm
Does anyone have any suggestions of where is the best site to buy precious metals?
4
Posted on 1/20/21 at 8:01 pm to burger bearcat
depends on what you want
coins?
bars?
jewelry?
contracts?
miners?
coins?
bars?
jewelry?
contracts?
miners?
Posted on 1/20/21 at 8:03 pm to cgrand
coins?
bars?
jewelry?
contracts?
miners?
Physical gold, that can be stored. Bars and coins.
Posted on 1/20/21 at 8:06 pm to burger bearcat
any precious metal exchange or dealer can help you buy gold coins or bars at market price. Market price is posted every day based on the spot price in Chicago
google is your friend
google is your friend
Posted on 1/20/21 at 8:28 pm to cgrand
JM Bullion .com
provident metals.com
provident metals.com
Posted on 1/20/21 at 8:31 pm to tigersint
a 1oz bar is 2025.00 today
Posted on 1/20/21 at 8:51 pm to burger bearcat
Apmex or provident
Posted on 1/20/21 at 9:30 pm to burger bearcat
Apmex
Posted on 1/20/21 at 9:34 pm to Zilla
quote:
Apmex
Buy silver all the time
Posted on 1/21/21 at 8:57 am to burger bearcat
Your best prices and choices will be www.sdbullion.com.
SD bullion They charge a flat $7.77 rate for any amount of precious metals which is the lowest of any retailer out there.
Stick with the more recognizable 1oz coins and bars by major mints like American Eagles, Canadian Maple Leafs, Austrian Philharmonics, Australian Kruggerands, Mexican Libertads, Australian Perth Mint, Chinese Pandas. Avoid the stupid stuff like holiday themed bars with Santa Claus on it for example. Don't tell anyone where you store it other than a spouse or significant other in case someone takes you out. j/k I store most of my metals in a private depository in another country so the IRS can't touch it and for safety reasons. Good luck!
SD bullion They charge a flat $7.77 rate for any amount of precious metals which is the lowest of any retailer out there.
Stick with the more recognizable 1oz coins and bars by major mints like American Eagles, Canadian Maple Leafs, Austrian Philharmonics, Australian Kruggerands, Mexican Libertads, Australian Perth Mint, Chinese Pandas. Avoid the stupid stuff like holiday themed bars with Santa Claus on it for example. Don't tell anyone where you store it other than a spouse or significant other in case someone takes you out. j/k I store most of my metals in a private depository in another country so the IRS can't touch it and for safety reasons. Good luck!
Posted on 1/21/21 at 8:59 am to goodgrin
quote:
I store most of my metals in a private depository in another country so the IRS can't touch it
why would the IRS want to “touch” your stored gold?
Posted on 1/21/21 at 10:29 am to cgrand
quote:
why would the IRS want to “touch” your stored gold?
It's not the "physical gold" the IRS is interested in, but the capital gains when one sells their precious metals at much higher prices than what they paid for it. Biden, like ALL Democrat Presidents, is going to raise the capital gains tax from the current 20% back to the high 30's like Obama had it. Fortunately, I don't need to sell anytime soon.
Posted on 1/21/21 at 10:31 am to goodgrin
quote:
I store most of my metals in a private depository in another country so the IRS can't touch it and for safety reasons.
Posted on 1/21/21 at 10:48 am to goodgrin
quote:
Biden, like ALL Democrat Presidents, is going to raise the capital gains tax from the current 20% back to the high 30's like Obama had it.
where exactly are the Obama "high 30's" capital gains tax rates?
Posted on 1/21/21 at 11:08 am to iAmBatman
try this site for monitoring physical metal prices and availability:
www.comparesilverprices.com
you'll see quotes from multiple online vendors that are linked to that site. I've purchased from several of these vendors with good experience. Apmex, BCSG, and Provident are my favorites.
However, premiums are ridiculously high right now as the inventory for physical has been widely depleted.
The same Silver that was available for $0.29 above spot in Feb 2020 .... is currently selling $2.50 above spot price ... that's a huge difference.
Gold bullion coins that were commonly sold for $39 above spot in Q1'20 .... are now $100 above spot (when you can find inventory).
Pre-'64 junk silver coinage sold for 11 x face value in Feb 2020 .... now selling for 22 x face value ... exactly doubled in value.
www.comparesilverprices.com
you'll see quotes from multiple online vendors that are linked to that site. I've purchased from several of these vendors with good experience. Apmex, BCSG, and Provident are my favorites.
However, premiums are ridiculously high right now as the inventory for physical has been widely depleted.
The same Silver that was available for $0.29 above spot in Feb 2020 .... is currently selling $2.50 above spot price ... that's a huge difference.
Gold bullion coins that were commonly sold for $39 above spot in Q1'20 .... are now $100 above spot (when you can find inventory).
Pre-'64 junk silver coinage sold for 11 x face value in Feb 2020 .... now selling for 22 x face value ... exactly doubled in value.
This post was edited on 1/21/21 at 11:10 am
Posted on 1/21/21 at 5:35 pm to iAmBatman
quote:
where exactly are the Obama "high 30's" capital gains tax rates?
My error. I meant to say "high 20's". The U.S. Capital gains tax rate under Obama was approximately 28%. Either way, it was among world's highest rates at the time and will return to those ways again.
Posted on 1/21/21 at 6:56 pm to cadillacattack
Good to hear that.
Posted on 1/21/21 at 9:38 pm to goodgrin
This post was edited on 1/21/21 at 9:48 pm
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