First time gold buyer - American Gold Eagle Coin

[Zodoga]

Buying
American Gold Eagle Coin - 1 oz - $1350.

From what I've research so far LearCapital is a good place to buy it from.

Any recommendations on this? Is this a good way to start out as a first time buyer?

[Dogman]

You have not a clue of spot prices, eagles do carry a premium but not that dam high.

Ampex is more in the ball park in general for fair sorta honest pricing.

https://www.apmex.com/category/30000/platinum

[EE_]

A 1 oz gold eagle is always a nice start. $1,318 right now. Free shipping over $1,000

If you can find better prices go for it.

California Numismatic Investments is 100% trustworthy, I've dealt with them for many years

https://www.golddealer.com/product/american-gold-eagle-1-oz/

[Dogman]

Sorry and maybe if need to apologize, been a while since I have bought or sold, so my thoughts are dated. Tho state issued (country's) gold, holds better prices than plain jan rounds.

In general, by my limited experience

[woodman]

Pay attention to the 'buy/sell' spread. It will clue you in to how ethical the dealer is.

[Dogman]

Pay attention to the 'buy/sell' spread. It will clue you in to how ethical the dealer is. Dude is a newbe, post some links so with study he/she can understand what you are saying. Yes I agree somewhat on your advice.

[woodman]

Pay attention to the 'buy/sell' spread. It will clue you in to how ethical the dealer is.
Dogman suggested I elaborate and it is probably a good idea. The buy/sell spread is the difference between what the company will buy your metals and the price they will pay to sell you metal. The closer these two prices are, the more likely you are to be getting a fair shake. As with any purchase though, you must practice 'due diligence'. If you are taken down the garden path, it is only because you failed to do your homework. Some of the shadier outfits have advertised very low prices but failed to deliver for months and even gone so far as to never deliver. I think they are waiting for prices to drop before sending the metal.

[Dogman]

Dogman suggested I elaborate and it is probably a good idea. The buy/sell spread is the difference between what the company will buy your metals and the price they will pay to sell you metal. The closer these two prices are, the more likely you are to be getting a fair shake. As with any purchase though, you must practice 'due diligence'. If you are taken down the garden path, it is only because you failed to do your homework. STme of the shadier outfits have advertised very low prices but failed to deliver for months and even gone so far as to never deliver. I think they are waiting for prices to drop before sending the metal. Thank you, and also dam fine advice to and for the unwashed.


Translation is do not buy at a price that you can not sell for dam near the same price at the time, depending on spot prices (yes there may be loss, but if spot rises you win) Both hold that gold and silver eagles have better value than generic rounds. Canadian stuff in some ways is better because of the purity vs american but not all the time.

[madfranks]

$1328 at JM Bullion, also with free shipping: https://www.jmbullion.com/1-oz-american-gold-eagle/

Lear Capital is good at broadcasting commercials, but I wouldn't ever buy physical from them, their premiums are too high.

[Zodoga]

Thank you for the advice. I changed my mind on the gold. I decided to start out in silver.

I ordered a 10 oz silver bar from silver.com. They had the cheapest prices through some research that I could find.

Also more comfortable starting out at a lower point. 10 oz silver bar was around $180.

I'm going to post in silver before I order again, but I just wanted to get something right away.

[TroyOz]

Silver is a good buy right now compared to gold. I basically follow the gold to silver ratio in my PM buying and selling. Right now you get about 75 oz's of silver for each oz of gold - if the ratio flips, I sell silver and buy gold (for me that would be around 35 to 40 ratio).

http://www.kitco.com/Gold_Silver_Ratio_Charts/gold-silver-ratio-charts.html

[madfranks]

Silver is a good buy right now compared to gold. I basically follow the gold to silver ratio in my PM buying and selling. Right now you get about 75 oz's of silver for each oz of gold - if the ratio flips, I sell silver and buy gold (for me that would be around 35 to 40 ratio).

http://www.kitco.com/Gold_Silver_Ratio_Charts/gold-silver-ratio-charts.htmlSilver appears to be so underpriced right now. At less than $17/oz it seems almost ridiculously low.

[cheka.]

op was just here to market that website

unless proven otherwise

[Zodoga]

op was just here to market that website

unless proven otherwise

How so?

I asked about LearCapital and people said it wasn't a great idea.
I decided to order something off of Silver.com because I wanted something for now. I then said I was going to make a post asking about it in the silver forums.

See if there are any better deals out there than silver.com that were trusted. I don't even know if silver.com is that great of a place to shop. I still have the feeling that if it seems too good to be true then it might be. That's kind of how I feel about silver.com for now, but it seemed trust worthy at least enough to get me to buy.

Edit:


Thank you for the advice. I changed my mind on the gold. I decided to start out in silver.

I ordered a 10 oz silver bar from silver.com. They had the cheapest prices through some research that I could find.

Also more comfortable starting out at a lower point. 10 oz silver bar was around $180.

I'm going to post in silver before I order again, but I just wanted to get something right away.

Quoting myself not to confuse anyone. Before I get too far into it I'm going to ask about silver.com. Because I really don't know what's the best out there.

Here was my thinking. I did some market research and what I noticed is Gold topped out at around $1600 and it's now down to $1200 or so. Silver on the other hand was $60 at top value and is now down to $17 roughly 1/3rd the price. Don't quote me on the prices.

I then did some research on websites and just so happened silver.com was the best price. I don't know in the long run if they have sales on silver or gold bars. If they do then silver.com wouldn't be the best place to shop all the time anyways.

I'm kind of the person that does too much research sometimes then never gets into something. I decided to just take a leap on this one and go with my gut feeling.

[cheka.]

so you ordered from that site without asking us about it. if you had asked, you would have been given multiple options with better reputations and pricing. but you didn't ask -

too, your op post was over a week old - you got several replies and didn't respond to the members that were helping you

we've dealt with a lot of scammers - so guilty until proven innocent is the mindset. if you join in conversations and not promote random-ass websites, like the one you posted, we'll let you in the club and give you sterling advice

[Jewboo]

so you ordered from that site without asking us about it. if you had asked, you would have been given multiple options with better reputations and pricing. but you didn't ask -

too, your op post was over a week old - you got several replies and didn't respond to the members that were helping you

we've dealt with a lot of scammers - so guilty until proven innocent is the mindset. if you join in conversations and not promote random-ass websites, like the one you posted, we'll let you in the club and give you sterling advice


http://files.abovetopsecret.com/files/img/hm53258f73.jpg

[Zodoga]

so you ordered from that site without asking us about it. if you had asked, you would have been given multiple options with better reputations and pricing. but you didn't ask -

too, your op post was over a week old - you got several replies and didn't respond to the members that were helping you

we've dealt with a lot of scammers - so guilty until proven innocent is the mindset. if you join in conversations and not promote random-ass websites, like the one you posted, we'll let you in the club and give you sterling advice

I responded and told them I changed my mind. I was looking at gold then changed my mind to start with silver instead. I was telling people that when I came back to post.

I apologize if it came off as if I was promoting a site. I said I was going to ask about it in the silver forums. See what people think about silver.com. Just telling people what I did at the same time. That way they know I changed my mind and I need to go see what they think of silver.com in the silver forums.

I was just trying to explain to people what I did and that I changed my mind.

I might of gotten a little carried away. I might of been too excited that I was getting my first silver bar ever and the way I shared the update wasn't the best route possible because you thought I was promoting the site.

[cheka.]

you've typed 'silver.com' SEVEN TIMES in FOUR posts on this site

[Zodoga]

you've typed 'silver.com' SEVEN TIMES in FOUR posts on this site

It's what we are discussing. You said other places have better reputation and prices. If anything I'm showing you I'm not promoting it by giving your space to speak and say it's not the best out there.

[TroyOz]

If you are new to metals and want to get a good deal, try the Bold Welcome Packs - you get to pick from a variety of premium coins from around the world and pay spot price. It's a one time deal, but you can't beat it.

https://boldpreciousmetals.com/product-category/promotion/

[monty]

If you are new to metals and want to get a good deal, try the Bold Welcome Packs - you get to pick from a variety of premium coins from around the world and pay spot price. It's a one time deal, but you can't beat it.

https://boldpreciousmetals.com/product-category/promotion/


Also JM Bullion has a silver starter pack at spot for first time customers, limit on per household



http://youtu.be/3sDAFSIAo7U

https://youtu.be/3sDAFSIAo7U

[Dogman]

Nether less..


Buy low and sell high, no ride will run up forever. But with metals depends on the market , that takes due dillagance,with a brain! Reading the news and markets, never and I mean never get cote us with heard thinking. Hold until you need to sell, which = a proffet or loss. depending of your buy point.

But life is fickel, some times you win, but also can loose.

But for sure your bucks at the moment will gain, if you can afford to ride the ride.

Depending on the metal , some seem to never move, some defy any rules.

But you do it right , with thought , you will not loose value, the smart part is to know when to sell.

If not depart, which will depend on the curve.

Great advice, you can not eat any metal..Plus metals do cycles but you can ether be suddenly rich o die from starvation..

Metals are a great long hold thing, too a point, what is the point is the real question!

[Zodoga]

Also JM Bullion has a silver starter pack at spot for first time customers, limit on per household



http://youtu.be/3sDAFSIAo7U

https://youtu.be/3sDAFSIAo7U

That's a good deal for the starter pack.

JMBullion is who I'm going to be ordering from in the long run. They beat out Silver due to the shipping and handling Silver has.

It looks like JMBullion is the best for me for what I'm ordering and I can't find anything else with a better price in that category.

Great find and thanks for the info.


Nether less..


Buy low and sell high, no ride will run up forever. But with metals depends on the market , that takes due dillagance,with a brain! Reading the news and markets, never and I mean never get cote us with heard thinking. Hold until you need to sell, which = a proffet or loss. depending of your buy point.

But life is fickel, some times you win, but also can loose.

But for sure your bucks at the moment will gain, if you can afford to ride the ride.

Depending on the metal , some seem to never move, some defy any rules.

But you do it right , with thought , you will not loose value, the smart part is to know when to sell.

If not depart, which will depend on the curve.

Great advice, you can not eat any metal..Plus metals do cycles but you can ether be suddenly rich o die from starvation..

Metals are a great long hold thing, too a point, what is the point is the real question!

I'm building more of a long term nest egg for the next 50-70 years in case something happens. I don't want to deal with financial ruin. Mostly buying enough silver to cover me for a few years in case something happens. Never know if it will happen, but just going with financial security here.

I won't be selling unless I have to and want to have more than 500 ounces in a nest egg. Basically 10k-20k invested in silver in case something happens in my life time.

[TroyOz]

JM Bullion has treated me right on both buying and selling - at this time, they seem to be doing things right. With dealers, it's always a do your own due diligence situation.

[monty]

JM Bullion has treated me right on both buying and selling - at this time, they seem to be doing things right. With dealers, it's always a do your own due diligence situation.


They have treated me well also. Even after being a customer for a few years I was able to purchase their silver@spot starter pack no questions asked.

[Dogman]

That's a good deal for the starter pack.

JMBullion is who I'm going to be ordering from in the long run. They beat out Silver due to the shipping and handling Silver has.

It looks like JMBullion is the best for me for what I'm ordering and I can't find anything else with a better price in that category.

Great find and thanks for the info.



I'm building more of a long term nest egg for the next 50-70 years in case something happens. I don't want to deal with financial ruin. Mostly buying enough silver to cover me for a few years in case something happens. Never know if it will happen, but just going with financial security here.

I won't be selling unless I have to and want to have more than 500 ounces in a nest egg. Basically 10k-20k invested in silver in case something happens in my life time. Methinks silver short run, is sorta of a dog, but that makes it a great buy, long term a good thing to get in. Gold will always be steady, also oz per oz more portable with more bang for the oz.

Buy silver you can stack fairly quick, buy gold not so much, but gold i gold which for many is priceless depending on the individual. (take the spot price gold and divide to spot price of silver) Silver can tarnish, gold will not. Many factors but silver is always a great way to began.

But silver as far as known now unless a new lode is found will go short and prices will shoot up, but methinks only long term. Now what ratio? fuck if I know, for a fact!

Pocket of gold = basket of silver at this time..

Price points go silver, and add a few oz of gold, into the mix, but also keep in mind, gold will always rule and oz to oz is more portable. People can look at silver and ? but gold is instantly known. Which makes it the most historically value as far as metals go.

Good luck

[TroyOz]

They have treated me well also. Even after being a customer for a few years I was able to purchase their silver@spot starter pack no questions asked.

I was wondering about that - since new customer didn't apply. After I recommended the Bold starter pack, and I hadn't actually ordered it myself, I went ahead and ordered the 5 oz America The Beautiful hockey puck. It's already in transit with a tracking number. Thanks for the heads up on JMB deal.

[TroyOz]

Received the 5 oz America The Beautiful coin - ordered on evening of 11/7 and delivered on 11/10.

[Neuro]

That's a good deal for the starter pack.

JMBullion is who I'm going to be ordering from in the long run. They beat out Silver due to the shipping and handling Silver has.

It looks like JMBullion is the best for me for what I'm ordering and I can't find anything else with a better price in that category.

Great find and thanks for the info.



I'm building more of a long term nest egg for the next 50-70 years in case something happens. I don't want to deal with financial ruin. Mostly buying enough silver to cover me for a few years in case something happens. Never know if it will happen, but just going with financial security here.

I won't be selling unless I have to and want to have more than 500 ounces in a nest egg. Basically 10k-20k invested in silver in case something happens in my life time.

You seem to have a very long term perspective, you don't happen to be Chinese, or an avid reader of the protocols of the elders of Zion by any chance? ;)

[Zodoga]

You seem to have a very long term perspective, you don't happen to be Chinese, or an avid reader of the protocols of the elders of Zion by any chance? ;)

Nope, just a disabled vet looking for something in case turmoil happens like the great depression.

[gauri1]

Hello, If your goal is simply to hedge financial uncertainty and capitalise on price movement, then contemporary bullion coins will serve your purposes.
Thank you

[Hitch]

Hello, If your goal is simply to hedge financial uncertainty and capitalise on price movement, then contemporary bullion coins will serve your purposes.
Thank you

Well, this isn't good news. I fucked up, I bought contemporary bullion coins years ago and held on to them. Now, they are not contemporary anymore. I wonder if anyone would trade these coins for current ones, at a discount of course.

[Camp Bassfish]

Well, this isn't good news. I fucked up, I bought contemporary bullion coins years ago and held on to them. Now, they are not contemporary anymore. I wonder if anyone would trade these coins for current ones, at a discount of course.

I've got a 2 for 3 swap sale going on right now..... let's talk. :)

[Dogman]

I've got a 2 for 3 swap sale going on right now..... let's talk. :)


9599

[Hitch]

I've got a 2 for 3 swap sale going on right now..... let's talk. :)

Thanks Camp! You guys are always looking out for me. I was going to box up these old coins and send them to gauri1 in Nigeria, but now that you'll take them from me, I can get rid of them a lot quicker.

[Neuro]

I buy my Gold American Eagle coins from Bullion Exchanges, they've got quick shipping and great prices. I just bought a roll of 20 for about $1280 a piece!

Weren’t you warned a few weeks ago not to post links to your bullshit exchange?

Ares: Deleted spammers link from Neuros quote

[Neuro]

here is the chart with current prices for 1 oz gold eagle https://trustedpmdealers.com/compare-prices/1-oz-american-eagle-gold-bullion-coin-917

The thread that spammers go to die! ;D