03-22-2020, 05:53 AM
no place for the dealers to get any except from the open market.
Exactly right terracore.
Most people in Puna are not precious metal dealers, nor are they likely to buy 1 kg bars to stash in a safe deposit box, so they won’t be buying direct. (And the mints have a premium on their price for direct purchases anyway). If you’re worried about the collapse of society, 1/10th oz coins might be easiest to exchange for toilet paper once we reach Armageddon. You can buy plenty on eBay. Yes, there’s a slight premium, but if you think gold prices are going to skyrocket, the premium today won’t matter in a few weeks.
If you want gold for an investment, there are gold ETF’s, 1 oz bullion bars on eBay, 1 oz coins, etc. The same comment about premiums and skyrocketing prices (above) applies.
Kitco.com is a good source for constantly updated spot prices. Use spot prices as a starting point for your eBay price bids.
Exactly right terracore.
Most people in Puna are not precious metal dealers, nor are they likely to buy 1 kg bars to stash in a safe deposit box, so they won’t be buying direct. (And the mints have a premium on their price for direct purchases anyway). If you’re worried about the collapse of society, 1/10th oz coins might be easiest to exchange for toilet paper once we reach Armageddon. You can buy plenty on eBay. Yes, there’s a slight premium, but if you think gold prices are going to skyrocket, the premium today won’t matter in a few weeks.
If you want gold for an investment, there are gold ETF’s, 1 oz bullion bars on eBay, 1 oz coins, etc. The same comment about premiums and skyrocketing prices (above) applies.
Kitco.com is a good source for constantly updated spot prices. Use spot prices as a starting point for your eBay price bids.
"I'm at that stage in life where I stay out of discussions. Even if you say 1+1=5, you're right - have fun." - Keanu Reeves