I bought some GOLD today

[fdd2blk]

i paid $55 for a 1 gram "bar". i think i overpaid. he charged me 15% over spot. i was hoping to start randomly buying 5 or 10 grams whenever i had some extra cash. at 15% though ...


the piece i bought today is to use for fuming glass. i would like to start buying small amounts to hide though. do i try to work a deal with this local "coin shop"? or are there other places i can go?

 

[NoDrama]

15% is a bit much, but the smaller the amount you buy the higher the percentage of premium. Buy a minimum 1 troy ounce bullion and you should be able to get a much better price. try APMEX http://www.apmex.com/Category/1152/Credit_Suisse_Gold_Bars.aspx $1693 for a one ounce suisse bar. $45 over spot which is about 3% premium.

 

[fdd2blk]

15% is a bit much, but the smaller the amount you buy the higher the percentage of premium. Buy a minimum 1 troy ounce bullion and you should be able to get a much better price. try APMEX http://www.apmex.com/Category/1152/Credit_Suisse_Gold_Bars.aspx $1693 for a one ounce suisse bar. $45 over spot which is about 3% premium.

i can work with 3 percent.

does it leave a "trail" though? cash transactions work best for me.

 

[fdd2blk]

looks like i'm about 5 years too late.

 

[*BUDS]

Exactly bro, its the top of the market where uninformed buyers give money to informed sellers. Be carefull but you never know it could still keep rising but your gambling now.

 

[Sr. Verde]

Seriously? Gold costed $300 in 2000?

I need to buy some gold... I've been asking myself the same questions as you. So far I've been told stick to coins and coin shops.. and not to buy large gold bars, as if you try to sell the large bars (like say 10oz) you have to get the grade verified and what not..

But I just feel like going through coin dealers for multiple coins would just be tedious.. That apmex $1700 ounce looks pretty nice !

 

[fdd2blk]

Exactly bro, its the top of the market where uninformed buyers give money to informed sellers. Be carefull but you never know it could still keep rising but your gambling now.

"uniformed". lol

i have google.

*note sarcasm*

i remember when an ounce of weed was more then an ounce of gold. i knew 1600 was way high. a quick search set me straight.

back to eBay to buy more antique fishing lures. prices on those are hella cheap right now.

 

[Harrekin]

As has been said, watch out bro, gold is just out of an all-time high, and historically speaking gold is used as a "wealth dump" to protect against a weak dollar...look how it wobbled a bit when better than expected US stats came out.

The big money is metals has passed I reckon, might squeeze a bit more out, but ultimately it's peaked...kinda like my high...joint time.

 

[boneheadbob]

Establish a relationship at your local pawn shop. Thats more important then the spot price at the moment.
Maybe you have some barter goods that pawn shops do not usually barter.

 

[Weedasaurus]

its not a good time to buy gold, but to sell it.

 

[golddog]

But, but it from the miners, 15-25% under spot.



Lot of mining up near where you are at FFD.

BTW: Nice little piece of gold

 

[fdd2blk]

But, but it from the miners, 15-25% under spot.

View attachment 1988663

Lot of mining up near where you are at FFD.

BTW: Nice little piece of gold

i would love to pan my own gold to use while glass blowing. it would add so much to my work to be able to claim that. i just don't know anyone to lead me in the right direction. i'm not looking for a lot. a couple grams would damn near last me forever, for what i use it for.

 

[golddog]

You could go panning locally.

I'm not sure exactly where you are, but I would look up Gold Prospecting/Mining Stores on the internet. Then just go to a Mining Store and ask them what's up nearby. There are probably many open areas near you.

You can get a nice gold pan for $10, a snuffer bottle and you should be able to get a little gold, and have a good time doing it.

Tell me your general area I'll let you know

 

[fdd2blk]

You could go panning locally.

I'm not sure exactly where you are, but I would look up Gold Prospecting/Mining Stores on the internet. Then just go to a Mining Store and ask them what's up nearby. There are probably many open areas near you.

You can get a nice gold pan for $10, a snuffer bottle and you should be able to get a little gold, and have a good time doing it.

Tell me your general area I'll let you know

i'm in sonoma county. i need to drive 3 hours east.

 

[golddog]

i'm in sonoma county. i need to drive 3 hours east.

I looked and I think you might be right. The closest areas would be in Sacramento County area.

 

[UncleBuck]

looks like i'm about 5 years too late.

[video=youtube;SpcXtmkk26Q]http://www.youtube.com/watch?v=SpcXtmkk26Q[/video]

 

[JJFOURTWENTY]

Wow, you bought high(real highhttps://www.rollitup.org/members/fdd2blk-4557.html) fdd2blk... Sucks to be you!

 

[fdd2blk]

Wow, you bought high(real high) fdd2blk... Sucks to be you!

i bought 55 dollars worth of gold to BURN. literally.







yeah, it does suck to be me.


GOLD and SILVER fumed air trap marble.

 

[UncleBuck]

that's a good use for gold.

 

[MalcolmMustang]

Fuck ya. Much love to all the glass blowers out there.