Websites or private dealers? I heard about lots of people that buy from places like Apmex and kitco, but then again I've also read about customers getting screwed by those places. Are dealers any safer? How about ones authorized by the US mint?
A good place to ask this is at ronpaulforums.com.
I've had great results buying from APMEX multiple times. Next time I will buy from them again.
RJEH: Websites or private dealers? I heard about lots of people that buy from places like Apmex and kitco, but then again I've also read about customers getting screwed by those places. Are dealers any safer? How about ones authorized by the US mint?
If you are worried about getting screwed, then I suggest you become an expert in gold. Learn what it looks like, weighs, tastes, texture, smell, sound, volume, mass, light, etc.
To paraphrase Marc Faber: We're all doomed, but that doesn't mean that we can't make money in the process. Rabbi Lapin: "Let's make bricks!" Stephan Kinsella: "Say you and I both want to make a German chocolate cake."
They also have nifty gadgets in which you can test the size, weight and sound of gold.
'Men do not change, they unmask themselves' - Germaine de Stael
I don't know how's the situation in your area. I myself asked my family's jeweler and he put me into contact with a firm specialized in the sale and purchase of physical gold, silver, palladium etc. You pay a little commission but coins, bullion and ingots are all 100% legally guaranteed. I've also made a point of scouring local pawn shops but good deals are quite hard to come by: there's little "good" gold and the price is often not that good.
Here's a question I have about buying gold.
Is it better to buy coins (whether Kugeraands, American gold coins, etc) or the buy the small bars that groups like AMPEX at all sell. It seems that gold coins cost more then just basic gold, so I would think buying the gold that way you get more gold. But I wonder about the resale value.
APMEX is very reputable. I know some people who are loyal customers.
What about silver?
My first recommendation is the Swiss 20 Franc coins. Those are really popular and are often sold out, but if you can get them great. $20 over melt isn't bad at all. At the moment that's around 2%. The French francs are pretty good too. You can take a peak at some of the other coins. The American Eagles aren't a bad bet. You can take a look at the gold bars and rounds. Don't buy the gold shot. Sunshine minting bars are once again a good idea. OTHER TRADE ITEMS It's often pointed out that you can't eat gold and silver. Investing in food is a good idea, and it is always valuable. Some claim it's foolish to buy metals over food, but I disagree. Gold and silver have value all over the world and have always been worth something, even (and especially) in nations which have suffered the inflation we're about to see. They will buy you food if you need it. Foreign currencies aren't a bad idea. There's a good chance as the dollar shrinks in value store clerks will be overjoyed if you show up with Euros, Canadian dollars, Australian dollars, Yen, whatever. I'm not a big fan of other currencies though, and I think the Euro is going to follow the path of the dollar soon enough. Oh, and don't do the British pound. Britain's in worse shape than the US is. Foreign stocks are good investments. Don't invest in American stocks. Necessary commodities in particular such as oil stocks or food stocks are the best most stable choices. Look for stocks that pay high dividends. For LOTS of information on this visit www.europac.net Ammunition is a possibility. If any riots start breaking out it's pretty guaranteed two things will happen. 1. People are going to want weapons to defend themselves. 2. The government will put a freeze on ammunition to prevent people from using guns in the riots. Ammunition will become extremely valuable in this circumstance, but considering we don't know if this situation will even arise, and we're hoping it won't, I don't think you should purchase ammunition beyond what you see necessary for your usual personal protection. A lot of people scream about seeds. I think a lot of it is lies, particularly since I've heard the most ads for seed investment on late night talk radio stations aimed towards insane people. Seeds are great if you intend to go off and grow your own food somewhere. I've never seen them as a valid investment for myself though (particularly since I know little about farming, lol) That's about it. I hope you find this helpful. Have a nice day!
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