gold buying advice: if i am spending $100 or less..

[haaaylee]

what is the best thing to buy?

what i'm really looking for is a link to buy online, that is the best bet for the small amount i can spend right now.

[Razmear]

If you only have $100 consider junk silver coins. That will give you the best bang for the least bucks.

eb

[socialize_me]

Yeah, you can't buy any gold really for $100. It's over $800 an ounce. Buy some silver instead. I'm not too big of a fan of silver coins like the pre-1965 quarters, but instead purchase some 1 troy oz. silver bars on ebay. They're about $15-20 a piece, and some have pretty cool designs. You can get them factory sealed and untouched, and you'll be amazed at how shiny silver is.

But yeah, don't go for gold. Silver has outperformed it almost every year and is much cheaper...for now.

[DJ24966]

Isn't like 1 ounce of gold worth like $906 or something right now? I think thats what it was when I checked earlier.

[socialize_me]

Yep it's actually currently $903/oz, up over $31 today...

[brandon]

http://www.blaircandy.com/gococh.html?productid=gococh&channelid=FROOG

[Razmear]

$910 / oz according to Bloomberg

http://www.bloomberg.com/markets/commodities/cfutures.html

eb

[alaric]

i'll go one better: I'm trading my gold FOR silver. Silver is going up much more than gold.

[constitutional]

what is the best thing to buy?

What i'm really looking for is a link to buy online, that is the best bet for the small amount i can spend right now.

slv

[socialize_me]

Yep, if you are in the market right now, I suggest putting some into SLV or USO (Commodity ETF's for silver and oil respectively).

[ShowMeLiberty]

Yeah, you can't buy any gold really for $100. It's over $800 an ounce. Buy some silver instead. I'm not too big of a fan of silver coins like the pre-1965 quarters, but instead purchase some 1 troy oz. silver bars on ebay. They're about $15-20 a piece, and some have pretty cool designs. You can get them factory sealed and untouched, and you'll be amazed at how shiny silver is.

But yeah, don't go for gold. Silver has outperformed it almost every year and is much cheaper...for now.

I never would have thought to look on eBay. Thanks for that tip!

[Arklatex]

You'll be limited if you want gold options under $100, the stuff is just too expensive. You could get 1, 1/10th ounce Krugerrand or some these maybe:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MESELX:IT&item=160284976987


My mate bought an 1 ounce kuggerand last week on ebay the very day before gold and silver shot up and the bailouts were announced.
Whaddya know Cramer is all about Gold today on his show.... hah!

[max]

i'll go one better: I'm trading my gold FOR silver. Silver is going up much more than gold.

slv is more liquid if you end up having to buy groceries with it

[Feelgood]

http://www.goldline.com

[powerofreason]

http://www.apmex.com/Category/17/90_Silver_Coins_Rolls__Bags.aspx

[Josh_LA]

If you only have $100 consider junk silver coins. That will give you the best bang for the least bucks.

eb


I second that.

You probably can't even buy a 1/10 ounce gold coin for $100.

If you have only about $100, get silver : washington quarters or franklin half dollars.

Use coinflation.com to see the melt value, and add about 10-20% to that, that'll be the reasonable price you pay after shipping is added. eBay will have it.:cool:

[idiom]

Stay away from ETF's. You want physical gold or silver.

[socialize_me]

idiom...I have physical silver and it's very illiquid. You have to literally go on eBay and wait before you can exchange for liquid cash. ETF's are great because, albeit in a fractional-reserve sense, they are easily transferable and extremely liquid. You can sell out of your ETF to pick up a position in a stock or bond, or quite possibly switch out and buy some Commodity Futures. Really the only time you would want physical gold/silver is when the Dollar collapses, and that won't be for a while yet. Just wait until the auto industry gets their stimulus checks---all of these things will shoot up ETF valuations...play the market a bit if you're in it by investing into these ETF's. Don't buy Treasuries or even invest in other currencies; buy the commodities or at the very least the ETF's of those commodities (SLV, GLD, USO, or DBA). Take advantage of the 10% one-day climbs.

[jd603]

also, DGP will give you double the return of gold. (or double the loss if it goes down)

KGC, AUY, AU , some good gold mining stocks, doing very well. KGC is up 32% since last week.

Now, with its recent run-up, don't cry if you buy some of these and lose money to start, nothing goes straight up but given what the fed is planning, its a good bet they are going up.


..and yes, you don't want all paper. I've moved to 50% physical gold/silver, 50% market investments.

If you don't have thousands to invest, SILVER is probably your best bet, or a mix of gold/silver if you have enough $.

I personally avoid junk silver now, I buy silver eagles or silver maples, both in short supply at the moment though.


I've been buying physical stuff from Ken Murphy at bostonbullion.com , haven't had an issue yet. If you call him , tell him James sent you.






Yep, if you are in the market right now, I suggest putting some into SLV or USO (Commodity ETF's for silver and oil respectively).

[haaaylee]

what about this?

http://cgi.ebay.com/1-Troy-OZ-999-Fine-STATUE-OF-LIBERTY-Silver-Art-Bar_W0QQitemZ320303137489QQcmdZViewItem?hash=item3 20303137489&_trkparms=72%3A1205|39%3A1|66%3A2|65%3A12|240%3A13 18&_trksid=p3286.c0.m14

[ShowMeLiberty]

also, DGP will give you double the return of gold. (or double the loss if it goes down)

KGC, AUY, AU , some good gold mining stocks, doing very well. KGC is up 32% since last week.

Now, with its recent run-up, don't cry if you buy some of these and lose money to start, nothing goes straight up but given what the fed is planning, its a good bet they are going up.


..and yes, you don't want all paper. I've moved to 50% physical gold/silver, 50% market investments.

If you don't have thousands to invest, SILVER is probably your best bet, or a mix of gold/silver if you have enough $.

I personally avoid junk silver now, I buy silver eagles or silver maples, both in short supply at the moment though.


I've been buying physical stuff from Ken Murphy at bostonbullion.com , haven't had an issue yet. If you call him , tell him James sent you.

I'm a total newb at this. What is junk silver? If I'm buying bars or rounds of .999 pure silver, that's not junk - is it?

[Arklatex]

Looks good. It'll probably go $20 plus.

[billjarrett]

Does anyone know any good IRAs that have gold/silver options? I have a bunch of money in a 401k, which I transferred into money market/bonds last year. So far, I haven't really made or lost any money. I want to roll it over into something gold based though, as my 401k doesn't offer that option.

[ShowMeLiberty]

what about this?

http://cgi.ebay.com/1-Troy-OZ-999-Fine-STATUE-OF-LIBERTY-Silver-Art-Bar_W0QQitemZ320303137489QQcmdZViewItem?hash=item3 20303137489&_trkparms=72%3A1205|39%3A1|66%3A2|65%3A12|240%3A13 18&_trksid=p3286.c0.m14

LOL - did you just outbid me on that? :D

[John of Des Moines]

idiom...I have physical silver and it's very illiquid. You have to literally go on eBay and wait before you can exchange for liquid cash. ETF's are great because, albeit in a fractional-reserve sense, they are easily transferable and extremely liquid. You can sell out of your ETF to pick up a position in a stock or bond, or quite possibly switch out and buy some Commodity Futures. Really the only time you would want physical gold/silver is when the Dollar collapses, and that won't be for a while yet. Just wait until the auto industry gets their stimulus checks---all of these things will shoot up ETF valuations...play the market a bit if you're in it by investing into these ETF's. Don't buy Treasuries or even invest in other currencies; buy the commodities or at the very least the ETF's of those commodities (SLV, GLD, USO, or DBA). Take advantage of the 10% one-day climbs.

All I have to do to convert bullion to frns is to go down to the local coin shop and buys a couple of cents below spot. If you told hold it you don't own it. Right now is no time for somebody with $100 to even think about playing in the paper markets.

[Razmear]

I'm a total newb at this. What is junk silver? If I'm buying bars or rounds of .999 pure silver, that's not junk - is it?

Junk Silver is the term given to 1964 and earlier US coins that are 90% silver but have no significant collectors value. They are generally your best value for the low end investor and are easy to sell in a hurry. I'd gladly give $1 for any pre-1964 dime you might have and so would many other people.

You can see the current melt values at coinflation.com and if you scout ebay for lots of old dimes and quarters sometimes you can score a deal below melt value.

eb

[ShowMeLiberty]

Junk Silver is the term given to 1964 and earlier US coins that are 90% silver but have no significant collectors value. They are generally your best value for the low end investor and are easy to sell in a hurry. I'd gladly give $1 for any pre-1964 dime you might have and so would many other people.

You can see the current melt values at coinflation.com and if you scout ebay for lots of old dimes and quarters sometimes you can score a deal below melt value.

eb

Cool - thank you!!

[phoenixrising]

Burt Blumert's Camino Coin. they have the best price on junk (junk coin means non-collector coin)

http://caminocompany.com/aboutus.htm

When Burt Blumert founded Camino Coin Company he continued to be a major force in our market, by creating the TeleType network, one of the first technologically driven market guides.

During the 90’s, Burt worked extensively with Ron Paul, including the famous “Ron Paul Survival Kits”. Burt’s belief, still that of Camino Company, of the free market and honest hard money, are some of the many reasons that Camino is able to provide safe, secure, and private transactions to our customers.

[haaaylee]

LOL - did you just outbid me on that? :D

Haha, i haven't bid yet, but i wouldn't want to compete with a ron paul supporter. although, im sure i'll eventually outbid one.

[Björn]

You can get 1/10 oz Gold Eagle bullion coins for about $120 - same for a Gold Maple Coin. They also have 1/20 oz Maple coins for around $70.

It's probably safer to go to a local coin and bullion shop than to buy these things on ebay - at least I would. Just check the rates first on the internet to make sure prices are accurate.

[Arklatex]

Does anyone know any good IRAs that have gold/silver options? I have a bunch of money in a 401k, which I transferred into money market/bonds last year. So far, I haven't really made or lost any money. I want to roll it over into something gold based though, as my 401k doesn't offer that option.

You can buy anything through an IRA, doesn't matter where you open the account at. IRA is just an account.

[Josh_LA]

idiom...I have physical silver and it's very illiquid. You have to literally go on eBay and wait before you can exchange for liquid cash. ETF's are great because, albeit in a fractional-reserve sense, they are easily transferable and extremely liquid. You can sell out of your ETF to pick up a position in a stock or bond, or quite possibly switch out and buy some Commodity Futures. Really the only time you would want physical gold/silver is when the Dollar collapses, and that won't be for a while yet. Just wait until the auto industry gets their stimulus checks---all of these things will shoot up ETF valuations...play the market a bit if you're in it by investing into these ETF's. Don't buy Treasuries or even invest in other currencies; buy the commodities or at the very least the ETF's of those commodities (SLV, GLD, USO, or DBA). Take advantage of the 10% one-day climbs.

Yes, there are benefits to trading in paper. But hopefully you'll never see the day when you wish your money was solid/frozen/illiquid.

[ultimaonliner]

Yep, if you are in the market right now, I suggest putting some into SLV or USO (Commodity ETF's for silver and oil respectively).


Not a big deal, but just realize that USO is NOT an ETF. It's an exchange traded partnership (ETP). Because of this, you will receive as your tax document a K2 form and NOT a 1099.

[Josh_LA]

Not a big deal, but just realize that USO is NOT an ETF. It's an exchange traded partnership (ETP). Because of this, you will receive as your tax document a K2 form and NOT a 1099.

hence the benefit of owning untraceable metals ;)

[Arklatex]

:D

[qh4dotcom]

I have an account on www.e-gold.com with about $150 of gold

E-gold is like Paypal

[Josh_LA]

I have an account on www.e-gold.com with about $150 of gold

E-gold is like Paypal

I'm sorry, but wasn't e-gold recently indicted and plead guilty?

[Drknows]

Screw ebay take your money to a casino and play craps.

bet the Pass line, play all the hard ways and play the field when your on fire.

dont drink.

[Josh_LA]

Screw ebay take your money to a casino and play craps.

bet the Pass line, play all the hard ways and play the field when your on fire.

dont drink.

har har

[qh4dotcom]

I'm sorry, but wasn't e-gold recently indicted and plead guilty?

Looks like they survived and changed their terms of service to please the government

http://blog.e-gold.com/2008/07/a-new-beginning.html

[Arklatex]

e-gold, what a wonderful idea... pause..... NOT!

[Liberty Rebellion]

Junk Silver is the term given to 1964 and earlier US coins that are 90% silver but have no significant collectors value. They are generally your best value for the low end investor and are easy to sell in a hurry. I'd gladly give $1 for any pre-1964 dime you might have and so would many other people.

You can see the current melt values at coinflation.com and if you scout ebay for lots of old dimes and quarters sometimes you can score a deal below melt value.

eb

And, with this post you've just increased demand in that corner of the silver market! Go me! ;):D

[haaaylee]

.999 Fine Silver Bullion


Good?

[matthylland]

APMEX.com

you can buy grams of gold on there, enough for any budget.

[haaaylee]

APMEX.com

you can buy grams of gold on there, enough for any budget.



where? i'm seeing only very expensive things on this site ...

[Anti Federalist]

I've got genuine NorFed Ron Paul 1 ounce silver rounds.

What am I bid?

Mods - Kidding, joke, no sale implied.:D

[Spirit of '76]

idiom...I have physical silver and it's very illiquid. You have to literally go on eBay and wait before you can exchange for liquid cash.

I go to the flea market. There's a guy there who buys it at spot.

[ShowMeLiberty]

I go to the flea market. There's a guy there who buys it at spot.

The worse the economy gets, there will be more and more flea markets popping up is my guess. People may be more willing to buy, sell, trade (all kinds of goods & services) face-to-face rather than risk getting ripped off online.