Anyone here buying GOLD online ?

Reading some of the other forums, decided to diversify a bit and buy a little bit of GOLD.

Id like to hear from those who have used and online service to buy GOLD and what your experiences are.

My goals is to diversify 20% of my savings into GOLD

No, but we sold some old gold to Cash4Gold...worked out great.

I have bought gold and silver on ebay. It has so far been a good experience. Watch a seller's ranking to be sure they are legit. If that da&* health care passes, I will buy a lot more. I fear that is the straw that will break the camel's back. The Chinese are today lecturing this Govt. about our outlandish spending. Govt. health care will surely anger them. Try to find a coin dealer to buy gold and silver from, Don't buy it all from the internet. Look up the live prices on Monex or CNBC before you purchase so you can have a close up to the minute price.

I personally wouldn`t buy on-line but to each his own. For a up to the minute value try wwwkitco.com/charts/livegold.html

samhill wrote:I personally wouldn`t buy on-line but to each his own. For a up to the minute value try wwwkitco.com/charts/livegold.html

If not online then there are walk in stores that sell gold/silver in the Pgh Area ?

Thats where I would go smokey, I know of some that were well established for 60 years or better that will be there for a lot longer with good family reputations, its always best to buy something with a known gold content so that if or when you go to sell theres no questions. On the flip side gold should have been bought when it was lower, its at pretty much historic highs right now, if it goes back down it might never make it back to where we are now. Its the same as everything, buy low & sell high.

Consider what to do after the sale :

Cap wrote:Can I ask a stupid question?

Do you receive *real 24k* gold 1oz bars or do you receive a document giving you the value of gold on the date you buy?

If you do receive real gold, where is it all coming from? There isn't a endless supply, is there? From the advertising on the radio & TV, you'd think it was very abundant.

And one more question, how much *fee* per 1 oz do you pay?

you can buy gold bullion in little bard or you can buy gold kruggerands of gold eagles (real us coins)

online gold sellers charge somewhere between 15 and 20 % above "spot" where spot is the price of gold

so if gold is $1K per ounce and the overhaes os 17.5% above spot then you might pay $1,175 per oz. insured and delivered total final cost

Black_And_Blue wrote:Consider what to do after the sale :

safe deposit box

smokeyCityTeacher wrote:

Black_And_Blue wrote:Consider what to do after the sale :

safe deposit box

You may want to reconsider.

Title I, Section 3. To authorize the Secretary of the Treasury to order any individual or organization in the United States to deliver any gold that they possess or have custody of to the Treasury in return for "any other form of coin or currency coined or issued under the laws of the United States".

http://en.wikipedia.org/wiki/Emergency_Banking_Act

The krugerrand is a South African coin, there are American gold coins also but then your paying more than weight value. The krugerrand was more or less set up as a investment value by weight & purity. If you have big bucks you can also buy different size ingots most are actually slightly under 24 karat. If there would ever be another huge gold find the value would most likely drop, at one time aluminum was a highly valued metal.

smokeyCityTeacher wrote:Reading some of the other forums, decided to diversify a bit and buy a little bit of GOLD.

Id like to hear from those who have used and online service to buy GOLD and what your experiences are.

My goals is to diversify 20% of my savings into GOLD

We've bought several times online from www.learcapital.com with no problems or issues. You cannot pay online but have to mail a check or money order. They were very professional and assigned us an account manager after our second purchase who called once to touch base with us. He was not pushy, nor did he try to get us to buy more. I was a little worried about buying online so we ordered quarter ounce gold eagle coin first. They ship in a big box USPS express mail so no one knows what's in it. The shipping seemed a little steep, but when I checked rates on the USPS site, it really wasn't. The nice part about dealing with this company is that you can order just one coin if that's all you want. All in all it was a good buying experience and cheaper than any prices I saw on ebay.

I have heard of that Co. & it along with several others have good rep.s, guess I`m just showing my age in that I like to see what I`m buying.