Ready to buy Gold coins

[Garand Hunter]

Anybody see that Au/Gold went up to $ 1909 today, mar 13th ?

Psalm 1

[michaelf3]

Wow! And just like that I can sell back and buy more guns and ammo, then buy again at $1800.

[michaelf3]

Lone Shooter, I hope you purchased some Au before it went up in price from around $1810 to $1929 today.

[Rickrock1]

In for some more gold

[Mojaveman]

Would it be more practical to buy the smaller coins, let's say 1/4 or 1/10 ounce? Easier to barter or pay for something with smaller amounts? In the old days people would actually cut the coins smaller with a chisel and hammer?

[Libertarian777]

Best way to test coins is get the ringer from fisch, then download the bullion test app, it uses resonance (coins resonante at specific frequency) to ensure the coin is what it says it is.

[Libertarian777]

And when the fiat currency collapses you'll have a tough time trading those gold bars for food/clothing/supplies/goods&services. PM coins have a fixed discernible value.

PM doesn't have a fixed value. Ask a Zimbabwean how much a gold coin is worth in zim dollars.its value will fluctuate in the fiat currency u measure in, the rest is u negotiating with a seller of goods

For small transactions,that's what goldbacks and valaurums are for.

But the main point of gold is to protect your wealth. You should be stocking up food etc that you'd trade in shtf not trying to trade gold.

A gold bar in a desert is worth zero to a thirsty man.
Same man with water stores can carry his gold bar to the other side.

[cz74]

In a real SHTF, if someone offered you their gold bars/coins for some of your food, would you trust that person's "gold"?

[Garand Hunter]

Anyone take a looky see at today's au price ? Take a read ! And remember, ya can't eat the stuff.

Psalm 1

[michaelf3]

Holy molly! SVB failure got everyone scared.

Most of the people here doesn't know the real value of gold.

You can't eat or drink gold, but having experienced SHTF, gold and silver saved me and my family. We traded gold/silver for safe passage and getting across rivers and out to a non war country.

Here in the US, we just use gold to deversify our investment options.

[4DSJW]

Holy molly! SVB failure got everyone scared.

Most of the people here doesn't know the real value of gold.

You can't eat or drink gold, but having experienced SHTF, gold and silver saved me and my family. We traded gold/silver for safe passage and getting across rivers and out to a non war country.

Here in the US, we just use gold to deversify our investment options.

I have always wondered about this, but never met anyone that had used PM's to get out of harms way. The question(s); how did you hide and transport your PM's? Why didn't the officials you were bribing just strip you down and steal all of your PM's? BTW, congratulations on making it out!

[michaelf3]

I have always wondered about this, but never met anyone that had used PM's to get out of harms way. The question(s); how did you hide and transport your PM's? Why didn't the officials you were bribing just strip you down and steal all of your PM's? BTW, congratulations on making it out!

I was only 4-5 years old at the time and it's not like we had pounds of gold. My parents had just enough to get them, their kids (4), and my uncle out. I think it's because my dad was a captain the army, and they probably knew he was packing.

Loss many family members and many were left behind. In this situation, all the food and water in the world wouldn't have helped. Most likely my dad would have been captured, tortured, then killed.

[Fatcat]

Would it be more practical to buy the smaller coins, let's say 1/4 or 1/10 ounce? Easier to barter or pay for something with smaller amounts? In the old days people would actually cut the coins smaller with a chisel and hammer?

PM coins less than an ounce (or called ?fractional?) may make it easier to barter in smaller valued transactions, but will cost you more up front as the mark-up over spot price ends up higher vs. getting (1) ounce coins/bars. Balance out your collection with other metals (Silver American Eagles)

[4DSJW]

Would it be more practical to buy the smaller coins, let's say 1/4 or 1/10 ounce? Easier to barter or pay for something with smaller amounts? In the old days people would actually cut the coins smaller with a chisel and hammer?

Personally, in the US I don't think that barter with gold is ever going to be a thing. But, if you feel it is important to have smaller weight pieces, look into the Valcambi CombiBar(s). I believe they have 1/10ozt and 1 gram versions. They are more expensive than the same solid weight coin, but they are substantially less than buying separate 1/10ozt or 1 gram Au.

[DRH]

I can only speak to what I have. I like Credit and Pamp Suisse 1oz bar of .9999 fine gold. They are serialized and should come with a certificate for each bar.

I live in OC and there's a mall in Little Saigon (Asian Garden Mall) where basically the second floor is all jewelry and gold (over 30-40 shops completing for your business). They sell 24k gold of all types and sizes (chains, rings, coins, bars, etc...). They are cheaper than Apmex or most online shops and retail stores. Many shops at the mall will also buy your gold should you have some to sell.

Here is a free buying tip. Buy from APMEX but through Walmart online. The pricing is better than directly through APMEX on many items and much cheaper than the premiums that local dealers offer.

Here is an example: Pamp Lady Fortuna 1 OZ Gold Bar at $2076.39

https://www.walmart.com/ip/1-oz-Pamp-Suisse-Gold-Bar-Lady-Fortuna-Veriscan-in-Assay/890279753

APMEX wants $2,171.24 for one bar with a credit card and $2,074.19 if you buy 25+ with a bank wire or check.

https://www.apmex.com/product/82236/1-oz-gold-bar-pamp-suisse-lady-fortuna-veriscan-in-assay

The Capitol One credit card gives you 5% back on your Walmart purchases for a discounted total price of $1,972.57 out the door with gold at $1,948 spot. I have even seen deals that calculate out under spot.

You just have to be careful at the final checkout stage that the item is tagged properly for no sales tax to be added. Some items are entered incorrectly and tax is added even with totals above the $1,500 dollar CA exemption threshold.