Who has experience buying gold online?

shamrock

shamrock

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Jack started buying gold about 3 years ago. Eagles, Buffaloes, Maples, Brittanias, Kangaroos… All country backed bullion. You can also buy rounds/bars as you alluded to and get a lower premium. Your best bet is SD bullion and monument metals… They have the best prices. Never had a problem with delivery etc. Additionally you can get free shipping with purchase above $199. Another caveat is when you order above ($1000) in Massachusetts you pay no tax on your order. This is different dollar amount in every state, California is $1500… You should check what your state requires. I believe there is a graph on SD bullion site.
 
shamrock

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yyz said:
The US Dollar is going to be fine.

:facepalm:
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Sadly… I don't have overwhelming confidence of this. The US dollar has been the reserve currency of the world since World War II. Many markets including Saudi Arabia, Pakistan, India, Indonesia, even Brazil are settling their payments with Chinese/Russian currency. Even France is settling their energy payments not using the dollar. If the US dollar loses reserve currency status, all those dollars will come home and lose tremendous value. In this scenario gold rises in value tremendously. In 2008 didn't bitcoin go down to 3800?
 
MadJack

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WhatsHisNuts said:
Why buy part ownership of an income producing company when you can buy shiny rocks to store in your closet. :0003
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I think you said that you keep about 6 months of expenses liquid. I keep about a year. With so many uncertainties coming up in 2023 I think, and I'm certainly not an expert, I'd rather have that year of expenses in 1 oz gold pieces which are easily converted to cash. I'm already in the stock market with more than I'm comfortable with. I have other investments that you don't agree with so we'll just not discuss that one. :0003

I'm not 100% confident that my bank doesn't wind up like SVB did so I'll play it safe for now,
 
WhatsHisNuts

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MadJack said:
I think you said that you keep about 6 months of expenses liquid. I keep about a year. With so many uncertainties coming up in 2023 I think, and I'm certainly not an expert, I'd rather have that year of expenses in 1 oz gold pieces which are easily converted to cash. I'm already in the stock market with more than I'm comfortable with. I have other investments that you don't agree with so we'll just not discuss that one. :0003

I'm not 100% confident that my bank doesn't wind up like SVB did so I'll play it safe for now,
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We've got over a year's expenses now in cash (Money Market accounts). Some of the bond and high yield savings account options right now are really attractive.
 
MadJack

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shamrock said:
Maybe invest in 1 of these…
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Malware attack when I clicked that link. I will remove it above. The link in my quote can't be clicked.

edit....I clicked the partial link I left in my quote and was attacked multiple times so I removed it completely.
 
WhatsHisNuts

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shamrock said:
Literally yesterday's news…
https://fortune.com/2023/04/06/imf-...growth-since-1990-severe-blow-poverty-hunger/
https://talkmarkets.com/content/job...visions-tech-layoffs-on-2001-pace?post=391517

those shiny rocks you speak of held their value thousands of years ago… And will continue to hold their value long after a T-bill/bond… Especially with a inverted yield curve.
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Invest in them all you like, it's not for me. They don't produce income and I am not into just holding value.
 
The Joker

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MadJack said:
I think you said that you keep about 6 months of expenses liquid. I keep about a year. With so many uncertainties coming up in 2023 I think, and I'm certainly not an expert, I'd rather have that year of expenses in 1 oz gold pieces which are easily converted to cash. I'm already in the stock market with more than I'm comfortable with. I have other investments that you don't agree with so we'll just not discuss that one. :0003

I'm not 100% confident that my bank doesn't wind up like SVB did so I'll play it safe for now,
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There are uncertainties every year.:shrug:
 
MadJack

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The Joker said:
There are uncertainties every year.:shrug:
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SoupySevereBlesbok-size_restricted.gif

..
 
shamrock

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Morris

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shamrock said:
apex is solid, I have no problems with them… But 100% of the time you will pay 5-20% more than other very reputable dealers like SD Bullion, Monument Metals, or even JM Bullion.
Both have A+ ratings with the BBB, over 100,000 reviews, and are listed in the top fastest growing small businesses in the US.
https://sdbullion.com/
https://monumentmetals.com/
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Maybe invest in the business instead of the product.
 
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