Three Important Rules for Buying Gold

The smaller denominations, while easier to use in some transactions than whole ounces, are EXTREMELY expensive per ounce due to premiums added for minting. One would be much better off buying whole ounces of gold, followed by one ounce silver eagles, and then old US Silver coins. The silver would be used for every day purchases, and the gold is best saved for big ticket items and long term savings.

*Also, there is no 1/25 ounce or anything less than 1/20 in US gold coins. Some foreign governments mint a 1/20 ounce coin, but foreign coin isn't legal tender here.

buy from them they are the best ask for sal

Be carefull. Some gold comes with so called RFID chips embedded. It's the same thing that makes a $20 bill catch fire in the microweave. If the government know that your buying gold they'll itnercept the mail and "chip" all of your gold so they can track you. You can xray to check it, or burn the chip off in the microwave by putting your gold on a glass tray.

Sort of like when John Belushi said "Was it over when the Germans bombed Pearl Harbor?" and someone queried "Germans?" whence Otter declared "forget, he's rolling!"

I suppose it makes very little difference but gold was confiscated in the 30s--much before ww2

Now WHO, WHERE, & HOW MUCH....

Who in Tempe Arizona do you recommend?

What price should one pay for the bullion coins? More than $900 per ounce?

thank you

Do you know which Congressman introduced the legislation to get the US to mint the gold and silver bullion coins you can now buy in your local coin store?

I'll give you a hint: his initials are RP.

He knew this day was coming.

If you are converting any significant amount of dollars (like your retirement savings) into gold, buying small denominations is not practical and you would lose a bundle on premiums.

Buy gold ounces to store your wealth. Maple leaves have the lowest premium around here, although they are the least attractive bullion coin in my opinion. The US has the most beautiful bullion coins. That is because they use the art work that was on our money back when the soundness of money was respected and instead of some hack politician's face they featured glorious renditions of the Goddess of Liberty!

But, alas, we are not talking about art here, we are talking about trying not to lose your ass in the coming hyper-inflation. So buy gold maple leaves (and an eagle and a buffalo just because you will want to look at them).

I am of the opinion that in a complete currency collapse silver is more likely to be the common currency of commerce. So I suggest putting part of your wealth into junk silver (pre-1965 US dimes, quarters and half dollars). This will give you practical money. You can also buy silver bullion coins as a silver ounce will be a practical amount for use in the market.

Good luck!

ok i have a question...Why would the US mint produce a $100 face value platinum coin...when in reality the platinum is worth over $2,000...im not an investment profeshional...but that sounds like a steal...Wouldnt mind getting my hands on a couple of these.

http://www.monex.com/prod...

Numismatic collector coins, ie USA pre-1933 gold coins are high priced per gold weight. "Bullion" means the coin has a set amount and purity of gold. It's essentially like an ingot of gold but with easily understood denominations which may have some added numismatic value. i.e. China Panda, Singapore Tiger, Canada Maple Leaf, USA Eagle, Austrian Philharmonic, Australia Nuggets or Kangaroos, South Africa Krugerrand, Austrian (1915 re-strike) Ducat & Corona, Hungary (1908 re-strike) Korona.

Downside: Bullion coins would be the 1st to be targeted & confiscated by the government in the event of a Major financial crisis. During the 1933 gold recall 'collector' coins were exempt from the confiscation order.

Adding to idahojoe's earlier comment: Old World actual circulated gold coins are an excellent choice (frequently can be bought @ spot/melt, or less) if purchased via the actual gold content vs. spot metal prices. Krause Standard Catalogue of World Coins or other such guide such books (can be purchased new/used on eBay or see your local library) will give you the actual gold weight (AGW) and fineness (purity) of the coins. Be very careful. Make SURE you are buying the coin by weight rather than date. Prefer AU (almost uncirculated) genuine older gold coins such as: British Empire Sovereigns 1871-1932, 1957-1968 (.2354 oz. AGW); France 20 Francs (also called Napoleons, Angels, Roosters .1867 oz. AGW); Netherlands (Holland) 10 Guilders 1911-1933 (.1947 oz. AGW); Belgium 20 Francs 1866-1882 (.1867 oz. AGW); Italy 20 Lire 1861-1897 (.1867 oz. AGW); Switzerland 20 Francs 1897-1947 (.1867 oz. AGW); Peru Libra 1898-1969 (.2354 oz AGW); Mexico, Colombia, Uruguay gold pesos, Germany gold marks, Russian rubles, South Africa Ponds, Panama Balboa, etc...too many more to list here (see Krause Guide).

MOST IMPORTANTLY: Old World gold coins collected by date could also be considered a 'coin collection' rather than a gold hoard, and were exempt from government confiscation in the past.

I doubt silver will be confiscated, but who knows how severe and desperate the financial meltdown & govt will become in the future. Thus the same reasoning applies to purchasing Franklin Mint, Danbury Mint, Madalic Art Co (MACO), Hamilton Mint, Madison Mint, Washington Mint, limited edition collectable silver medals/ingots and sets from the 1970's for melt (or less), rather than 'only' holding silver Engelhard bullion rounds/bars & USA silver eagles. IMPORTANT: Know the actual weight & fineness. See reference books such as "Guidebook of Franklin Mint Issues" by Chester L. Krause and others. Lastly, they were issued in very limited production quantities, educational, varied themes, & beautiful to examine in their custom album holders & display boxes, with COA's (Certificates of Authenticity). Different than tubes of identical bullion coins/rounds, BOTH should be held, variety is the spice of life.

Make sure you have plenty of lead and give them that instead of the gold!

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If ever a time should come, when vain and aspiring men shall possess the highest seats in Government, our country will stand in need of its experienced patriots to prevent its ruin. Samuel Adams

Wouldn't it help in trading if you purchased some silver, like the American Eagles or pre-1965 dimes? That would make exchange easier because the value of silver is less than gold.

Trade with all nations; alliances with none. ~Thomas Jefferson

When it hits. Pack up head out. When you get there open a bank account. When you need cash, log on and sell an ounce. Have your deposits made into your new account as necessary.

"There is currently no IRS reporting requirement if you own physical gold, silver and other precious metals so long as it is not held in a financial account such as a foreign savings or checking account."

http://moneynews.newsmax....

On April 5, 1933, President Franklin D. Roosevelt issued the following executive order:

"I, as President, do declare that the national emergency still exists; that the continued private hoarding of gold and silver by subjects of the United States poses a grave threat to the peace, equal justice and well-being of the United States; and that appropriate measures must be taken immediately to protect the interests of our people."

"Therefore, pursuant to the above authority, I hereby proclaim that such gold and silver holdings are prohibited, and that all such coin, bullion or other possession of gold and silver be tendered within fourteen (14) days to agents of the Government of the United States for compensation at the official price, in the legal tender of the Government. All safe-deposit boxes in banks or financial institutions have been sealed pending action in the due course of law."

but you can avoid tax buying out of state right? anyone know of a credible internet gold coin distributor?

LOL

Buy Philharmonics (Viennas) They are not reported to the IRS. Why, I don't know, but they aren't. That's what I was told by a very large company when I looked into gold.