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Anyone own physical Gold?

  • #41
  • Jun 4, 2019 10:37am Jun 4, 2019 10:37am
Quoting EventsTrader
I found a video that has some good info that might help you get started (here's the accompanying article) https://www.youtube.com/watch?v=MgOEoSTQq_A
My goal in life is to be as decked out as the guy in that video:

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If you have faith in our leaders of commerce, don't buy gold.
  • #42
  • Jun 4, 2019 10:43am Jun 4, 2019 10:43am
Quoting EventsTrader
Apmex is a popular place to buy from in the US.
So whats the difference between buying a 1oz Buffalo from Apmex for $1,378 vs directly from the US Mint for $1,660?
If you have faith in our leaders of commerce, don't buy gold.
  • #43
  • Jun 4, 2019 10:50am Jun 4, 2019 10:50am
Quoting DonPato
However I would like to know if any of you actually own physical gold and if you do, what your purpose is for holding it? I actually do own physical Gold.
The only gold I currently own is worn by my wife

My portfolio is mostly in Crypto right now, I am planning on liquidating at least 20% into psychical gold. I'm told it's always good to diversify!
  • #44
  • Jun 4, 2019 10:56am Jun 4, 2019 10:56am
Quoting Metallurgy
The only gold I currently own is worn by my wife
I was the same way...in fact the first coin I bought my wife was very upset. I told her I was going "gold shopping" and she thought I would come back with some jewelry for her...She still thinks gold is 'worthless" unless you can put it on.

Quoting Metallurgy
...My portfolio is mostly in Crypto right now, I am planning on liquidating at least 20% into psychical gold. I'm told it's always good to diversify!
I agree...it is good to diversify.
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  • #45
  • Jun 4, 2019 11:10am Jun 4, 2019 11:10am
Quoting 676f6c64
{quote} So whats the difference between buying a 1oz Buffalo from Apmex for $1,378 vs directly from the US Mint for $1,660?
Not sure why US mint is charging more...except that its the Government. As well, perhaps Apmex is keeping their price more inline with the current spot gold price. If you trust the source (Apmex) why not buy the better price?

**Edit** Ah I get it...the one from the US mint is UNcirculated and comes with a certificate of authenticity. I believe the uncirculated part is why they are demanding the premium. Of course the minute you buy it the coin becomes "Circulated" and you might lose the premium...but the collector here would know that better than I. Ric? What do you say?
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  • #46
  • Jun 4, 2019 11:26am Jun 4, 2019 11:26am
Quoting DonPato
{quote} I was the same way...in fact the first coin I bought my wife was very upset. I told her I was going "gold shopping" and she thought I would come back with some jewelry for her...She still thinks gold is 'worthless" unless you can put it on.
Ha! When you buy for yourself you need to buy for your wife. They're not interested in trading or assets!

I'm going to start with some simple bullion coins, makes it feel more like money. So many choices though, any recommendations?
  • #47
  • Jun 4, 2019 11:38am Jun 4, 2019 11:38am
Quoting DonPato
**Edit** Ah I get it...the one from the US mint is UNcirculated and comes with a certificate of authenticity. I believe the uncirculated part is why they are demanding the premium. Of course the minute you buy it the coin becomes "Circulated" and you might lose the premium...but the collector here would know that better than I. Ric? What do you say?
Ah, the US mint one also comes with an "elegant hardwood box with a matte finish and a leather-like inset".

For the almost $300 extra I would expect real buffalo leather straight from the animal pictured on the coin.
If you have faith in our leaders of commerce, don't buy gold.
  • #48
  • Jun 4, 2019 12:35pm Jun 4, 2019 12:35pm
Quoting Metallurgy
{quote} Ha! When you buy for yourself you need to buy for your wife. They're not interested in trading or assets! I'm going to start with some simple bullion coins, makes it feel more like money. So many choices though, any recommendations?
I'm fond of the Canadian Maple leaf...but don't forget to buy a little something for the significant other...perhaps a freshly minted candy necklace?
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  • #49
  • Jun 4, 2019 12:36pm Jun 4, 2019 12:36pm
Quoting 676f6c64
{quote} Ah, the US mint one also comes with an "elegant hardwood box with a matte finish and a leather-like inset". For the almost $300 extra I would expect real buffalo leather straight from the animal pictured on the coin.
I think they're endangered now...how about pigskin? Or perhaps skin off the nose of the Fed Chair?
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  • #50
  • Jun 4, 2019 1:09pm Jun 4, 2019 1:09pm
Buying a physical gold is a challenge in itself, many fakes out there. I would buy from the most reputable company possible and/or additional test it myself, not just the outer layer (scratch test) but inside also. There are some good methods for this, not that easy/cheap however. Wouldn't you wonder if the gold bullion is REAL, the whole weight of it?
Can you afford to take that chance?
  • #51
  • Jun 4, 2019 1:09pm Jun 4, 2019 1:09pm
Quoting DonPato
{quote} I'm fond of the Canadian Maple leaf...but don't forget to buy a little something for the significant other...perhaps a freshly minted candy necklace?
They do look nice! This one caught my eye: https://www.apmex.com/product/191837...s-first-strike

I won't impulse buy, but if I'm still game by next week then I'll commit
  • #52
  • Jun 4, 2019 1:11pm Jun 4, 2019 1:11pm
Quoting auricforecas
Buying a physical gold is a challenge in itself, many fakes out there. I would buy from the most reputable company possible and/or additional test it myself, not just the outer layer (scratch test) but inside also. There are some good methods for this, not that easy/cheap however. Wouldn't you wonder if the gold bullion is REAL, the whole weight of it?
Whole heartedly agree. In fact many reputable dealer will have a spectrograph (I think that's what its called) that will show you the quality of the metal without having to damage it.
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  • #53
  • Jun 4, 2019 1:17pm Jun 4, 2019 1:17pm
Quoting Metallurgy
{quote} They do look nice! This one caught my eye: https://www.apmex.com/product/191837...s-first-strike I won't impulse buy, but if I'm still game by next week then I'll commit
That seems a bit over priced to my eye...again I'm not a collector and have no idea what the premium should be for a "1st strike" but I'm not sure its worth close to $1,000. Compare here...these people are reputable...I have done business with them myself.
https://www.pacificpreciousmetals.co...aple-leaf-9999
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  • #54
  • Jun 4, 2019 1:22pm Jun 4, 2019 1:22pm
Quoting DonPato
{quote} Whole heartedly agree. In fact many reputable dealer will have a spectrograph (I think that's what its called) that will show you the quality of the metal without having to damage it.
I would be calm if I can make some form of x-ray based test - gamma activation analysis (GAA) or x-ray fluorescence (XRF) for example.
Because with xrays you can also see if there are any other metals present... I think that would be hardest to fake... The almost ideal test however would be to remelt it yourself after you buy it, just to be sure, not that hard anyway.
Can you afford to take that chance?
  • #55
  • Jun 4, 2019 1:30pm Jun 4, 2019 1:30pm
Quoting DonPato
{quote} That seems a bit over priced to my eye...again I'm not a collector and have no idea what the premium should be for a "1st strike" but I'm not sure its worth close to $1,000. Compare here...these people are reputable...I have done business with them myself. https://www.pacificpreciousmetals.co...aple-leaf-9999
Yeah the "first-strike" label is adding value to them, it basically means they were the first coins made so there's no or minimum imperfections created through wear-and-tear. I'm not seeing the extra value personally but then I'm not an avid coin collector either.

But getting two coins for near the same price? Now it's getting tempting
  • #56
  • Jun 4, 2019 1:36pm Jun 4, 2019 1:36pm
Quoting Metallurgy
... But getting two coins for near the same price? Now it's getting tempting
That's what happened to me too...I. The end it's the gold that counts...not necessarily the workmanship. To me there's no sense in overpaying.
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  • #57
  • Jun 4, 2019 8:06pm Jun 4, 2019 8:06pm
Quoting DonPato
Or perhaps skin off the nose of the Fed Chair?
If you have faith in our leaders of commerce, don't buy gold.
  • #58
  • Jun 5, 2019 2:10am Jun 5, 2019 2:10am
Quoting DonPato
{quote} I was the same way...in fact the first coin I bought my wife was very upset. I told her I was going "gold shopping" and she thought I would come back with some jewelry for her...She still thinks gold is 'worthless" unless you can put it on. {quote} I agree...it is good to diversify.

That is rightly said, if you purchase gold coin instead of gold jewellery, wives become very upset. In my country it is culture to wear gold jewellery in very family function rather women are showcasing their gold assets. I own physical gold in form of jewellery only and most of these are worn by my wife. I regret when my crypto portfolio was good and I did not invest some part of it in physical gold. I think investing in physical gold is a good choice.
  • #59
  • Jun 5, 2019 2:14am Jun 5, 2019 2:14am
Quoting DonPato
Ah I get it...the one from the US mint is UNcirculated and comes with a certificate of authenticity. I believe the uncirculated part is why they are demanding the premium.
You're right! The premium is also related to the certificate of authenticity. I'm not sure it's worth it, but some would pay a premium for it so that unloading it is easier. Makes no sense to me.
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Quoting 676f6c64
{quote} So whats the difference between buying a 1oz Buffalo from Apmex for $1,378 vs directly from the US Mint for $1,660?
I would go with american eagle gold. But the Buffalo is cool too. Great story behind it.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #60
  • Jun 5, 2019 2:18am Jun 5, 2019 2:18am
Quoting 676f6c64
{quote} My goal in life is to be as decked out as the guy in that video: {image}
If you've been long gold recently that would be a good start. Rallying the past hour or so. Straight up. Attachment g
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
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