You DO NOT WANT TO BUY THE METAL as the metal itself. LET ME EXPLAIN!Does anyone have experience buying physical gold in Buenos Aires? Coins or silver also? Not stocks...the real thing please.
Tigre...well said. I don't think I mentioned exactly what form of gold I was looking for. But your comments are appropriate. Caribbean Cool-Former VP of Mitchum, Jones, & Templeton, Stock Exchange Specialist, Principle trader on the CBOE and member of the NY Futures Exchange. But you can teach an old dog new tricks sometimes.You DO NOT WANT TO BUY THE METAL as the metal itself. LET ME EXPLAIN!
It is far better to buy the popular ONE OUNCE gold coins from any major country. You have the US AMERICAN EAGLE, The CANADIAN MAPLE LEAF, THE KRUGERAND, THE GOLD SOVEREIGN Etc ...
Why is this?
Because, and this is very IMPORTANT ... the coins have ALREADY BEEN ASSAYED and stamped / rated .999 FINE. This makes it very easy to and FAST when you go to sell them because your buyer will trust the content of the coin. They will "SCALE" them to make sure the are full weight (Such that some of the metal has not been scraped off and accumulated!) then pay out in a very straight forward, rapid manner. If you have the metal only ... in no DISCERN-ABLE FORM >>> Most buyers will insist upon assaying it before purchase ... EVEN if it is from a major mint, with the mint stamp in tact. IT IS ALL ABOIUT NOT BEING RIPPED OFF.
BUY THE MAJOR ONE OUNCE COINS and save yourself the trouble later on.
Also, the markup on the one ounce coins is usually 1 percent or lower depending upon the size of your purchase. YOU WANT TO MINIMIZE SLIPPAGE as that is your profit or loss when you go to sell!!!
If the intent is to spend them like money at some future point (As opposed to storing them as a safe haven asset that can be very liquid with the potential for appreciation ... ) then yes, I would definitely encourage lesser denomination gold as well as silver coins.If things get really bad you are going to want the major country silver one ounce coins as well. Better for transactions and making change if your gold one ounce coins become worth $5000 plus each.
Caribbean Cool,Tigre...well said. I don't think I mentioned exactly what form of gold I was looking for. But your comments are appropriate. Caribbean Cool-Former VP of Mitchum, Jones, & Templeton, Stock Exchange Specialist, Principle trader on the CBOE and member of the NY Futures Exchange. But you can teach an old dog new tricks sometimes.
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