Buy Gold | Buy Silver | Buy Platinum | Buy Palladium And Avoid Scams
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HOW TO BUY GOLD OR BUY SILVER
How to buy gold, silver or platinum? This is becoming an uncharacteristically common question. Not all too surprisingly I receive this question all the time. I buy gold and silver. I do not sell gold professionally. Through some trial and error along with a lot of research I hope to be able to provide you with a very helpful answer to this question and teach you where to buy gold. You likely found this page as a top result in a search engine. But do not trust any entity just because they are at the top of the search engine.
BEWARE OF SEARCH ENGINE RESULTS
Buying silver or buying gold coins online can be very simple but if done incorrectly then the results can be financially devastating. It is extremely important to learn how and where to buy gold or silver from trusted and reputable sources in safe and secure transactions and not through companies which have issues like in this Monex review.
At all times and in all circumstances gold and silver remains money. Therefore, both gold and silver belongs in your portfolio at all times and in all circumstances. For reasons I provide below for (1) buying gold, silver or platinum coins, bars, etc. for your personal possession I recommend GoldSilver because they have extremely competitive prices and an A BBB rating and for (2) buying gold, silver or platinum to be stored with a third party I only recommend GoldMoney.
DAUNTING QUESTIONS WHEN CONSIDERING BUYING GOLD OR SILVER
But there is a plethora of options in determining how to buy gold, where to buy silver, when to buy platinum or what kind of gold to buy? Some questions you may begin to ask yourself is do you buy rounds, gold ingots, a gold coin, an American Silver Eagle coin, a gold Krugerrand from South Africa, a gold maple leaf coin from Canada, a gold British sovereign coin, an Engelhard silver bar. Do you buy silver directly from a mint, producer or dealer or do you use a ‘pool account’ or some other form of unsegregated storage? Do you buy a silver gram or a kilogram of gold and do you buy gold as an investment or merely to preserve your wealth? How do you determine the price you are willing to pay for the gold or silver? Do you use the gold spot price or silver spot price or live gold prices from a gold exchange, gold dealer or the prevailing gold rates? Should a premium be paid for gold or silver jewelry?
In this article you will only learn about investing in gold or silver bullion in allocated storage through your own personal possession or with a trusted-third party storage service. This is the only type of gold ownership method I recommend. Additionally, I am not very interested in numismatic gold or silver coins and think that a gold confiscation is highly unlikely. I like investment grade gold coins for sale and silver bars, such as those from the London Bullion Market Association, which have a chain of integrity and chain of custody. Then you know that the gold or silver is real and not a lead bar painted gold.
While gold and silver are tangible assets and physical elements, making them extremely transparent, the gold and silver markets are particularly murky with many shady characters lurking around like those that buy scrap gold and beware of the We Buy Gold locations. Thus, when looking at howto buy gold or silver you have two primary methods: (1) gold and silver in your own physical possession or (2) third-party storage.
GOLD OR SILVER IN YOUR OWN PHYSICAL POSSESSION
Personal physical possession can be accomplished by buying gold coins, buying gold bars, buying silver coins or buying silver bars and immediately taking physical delivery. The ideal way to purchase with the greatest privacy is in person with cash regardless of bullion type such as silver versus gold or platinum and I do not think there is a best gold shop.
There are many reputable gold and silver bullion dealers throughout the world and can be one of the safest way to buy gold. You can open up the phone book or go down to the local pawnshop. This is an easy way to find a place to buy gold, buy platinum or buy silver. Unfortunately, because this article is directed generally it cannot really give recommendations on specific local bullion dealers. Additionally, there is typically a significant premium is charged for this exchange.
I recommend everyone have at least some physical gold or silver bullion in their immediate possession. Like extra food you never know when it may come in handy but will be extremely grateful should you need the gold or silver. Often being prepared helps calm the conscience. Do not keep gold or silver in a safety deposit box, or anything else of value for that matter, as it may end up on Ebay.
Storing silver or gold bullion yourself will not cost anything. But you may misplace it, have it stolen, etc. Therefore, many of my readers want to know where to buy gold or buy silver in amounts of $50,000 or more where they do not take personal physical possession but try to find the cheapest place to buy gold bullion.
I take all of my readers time, attention and trust extremely seriously. I feel a poignant heightened sense of trust when some of my readers want to allocate several millions dollars to buy silver or buy gold and so answering their questions of how to buy gold or buy sliver bears down with a weighty responsibility.
WHERE TO BUY GOLD OR SILVER: THIRD-PARTY STORAGE
Another way you can buy silver or buygold is by having a third party store the bullion after taking physical delivery. Where to buy silver or gold is extremely important to you because of governmental restrictions, customs, etc. However, this can be a very tricky area and you may unwittingly subject your valuable assets to unnecessary risks if you are naive.
If a third party takes delivery then the silver or gold is either encumbered or unencumbered. If the gold or silver is encumbered then the silver or gold is subject to counter-party risk and I highly recommend avoiding counter-party risk with your precious gold, silver or platinum. If the gold or silver bullion is unencumbered, meaning subject to physical delivery at any time and not subject to the financial ability of the storage entity, then it is subject only to performance risk.
You will also want to consider insurance, corporate governance, audits, compliance with applicable regulations or laws and the firm’s reputation.
GOLDMONEY – A TRUSTED AGENT
A trusted third party, like GoldMoney, is a viable option when you delve into answering the question of how to buy gold or how to buy silver or how to buy platinum. GoldMoney is the only firm I have thoroughly researched.
The gold, silver and platinum is insured, there are polices in place and enforced for strong corporate governance, external audits take place on a regular basis, rigorous compliance with applicable law and GoldMoney has a sterling reputation in the industry with LBMA vaults in London and Switzerland with insurance covering your bullion.
Additionally, investors can redeem and take physical delivery of their gold at any time in convenient units of 100 gram, 1,000 gram or 400 ounce gold bars.
Many reputable financial professionals recommend GoldMoney including billionaire Eric Sprott, John Embry, Mike ‘Mish’ Shedlock, Doug Casey, Peter Schiff, Michael Maloney and myself.
Even the extremely outspoken critic of ‘paper gold’ Adrian Douglas of GATA warned, “What should investors do? Investors need to do their due diligence. They need to determine if they are actually holding a 100-percent precious-metal-backed investment. There are some unallocated investment vehicles that are entirely honest where all the gold and silver sold is actually purchased and held on behalf of the customers. One such example is GoldMoney.com, which conducts and publicizes third-party audits to verify 100-percent backing.”
There are many reasons in the fine print for this consensus from respected experts and I have detailed in the GoldMoney reviews and also in the following video:
The only other third-party storage service I am aware of with similar proficiency is BullionVault but I have neither thoroughly researched their various legal documents nor can I recommend them. But not all third-party storage services are created equal and there is ample reason to be cautious.
BEWARE OF SHADY CHARACTERS
There are many untrustworthy agents which purport to help you answer the questions of how to buy gold or how to buy silver but really attempt to sell you paper silver and paper gold which is merely a form of fool’s silver or fool’s gold facts.
There are many unscrupulous rogues attempting to answer your query about how to buy gold or how to buy silver in a way that will unjustly enrich themselves at your expense. For example, in TheStreet.tv video in the upper left the host recommends using the GLD ETF.
I have thoroughly reviewed the prospectus and found problems with the GLD and SLV ETFs. If you desire to own physical gold or physical silver, which I recommend, then I WARN YOU NOT TO BUY THE GLD ETF.
There are other third-party storage services such as E-gold or the Perth Mint in Australia. But in July 2008 E-Gold pleaded guilty to money laundering charges in US federal court. In 2009 the nation of Canada’s Royal Canadian Mint withheld employee bonuses and sent in external auditors to determine the cause of a multi-million dollar ‘unreconciled difference’ between the financial accounting and the physical bullion.
I recommend staying away from unnecessarily complex instruments even if issued through perceived reputable firms. For example, in June 2007 Morgan Stanley & Co. settled a class action lawsuit for $4.4 million where the complaint alleged
that Morgan Stanley told clients it was selling them precious metals that they would own in full and that the company would store. But Morgan Stanley either made no investment specifically on behalf of those clients, or it made entirely different investments of lesser value and security.
While the efficacy of the claim may still be at issue the Better Business Bureau-like complaint from unsatisfied customers who initiated litigation does not inspire confidence for those seeking to reduce risk.
There are other more complicated ways regarding how to buy gold or how to buy silver. Many of these options include some type of paper instrument such as a futures contract, warehouse receipt, etc. If you are new to buying gold or buying silver then I would recommend you avoid these complex instruments.
One reason is because when you buy gold, buy silver or buy platinum through shady customers or ‘paper gold’ instruments then counter-party risk may be present along with restrictions on demanding delivery of bullion. For example, the NYMEX has significant restrictions which can significantly delay delivery and the TOCOM now allows ‘paper gold’ to settle futures contracts on physical gold contracts.
You neither want to get involved with an asset that you do not understand nor do you not want to get taken in a scam, Ponzi scheme or other type of fraud or theft. Keep the process of buying gold, buying silver or buying platinum simple by exchanging your cash for the bullion.
CONCLUSION
For you to learn how and where to buy gold or how to buy silver I recommend keeping it simple. Engage in buying silver coins, buying silver bars, buying gold coins or buying gold bars and taking physical delivery. For larger amounts consider trusted and secure third-party firms like GoldMoney. Avoid shady characters, like the GLD or SLV ETFs, NYMEX, TOCOM, etc. where the contracts are complex and difficult to understand and may result in your gold or silver actually being paper silver or paper gold and may be impreganted with counter-party risk.
As you decide on how to buy gold, buy silver or buy platinum I hope these suggestions are valuable. Buy a gold coin or silver bar that you can hold in the palm of your hand as it ignites a deep-seated gold lust that has lain dormant in most of humanity for almost 80 years. If you want only a few coins for your personal possession then I recommendGoldSilver because of the low premiums and A from the BBB. If you consider a much larger purchase and do not want to store the metal then using a third party storage service, like GoldMoney, to vault your gold, silver or platinum is wise so long as they are trusted. I hope these suggestions assist you in safely, securely and confidently taking physical possession of the ‘sweat of the sun’ and ‘tears of the moon’.
If you have any other questions about how to buy gold, buy silver or buy platinum then please contact me.
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Trace: I have purchased your book. It is a good read. For US citizens, is the form TD F 90-22.1 applicable for goldmoney holdings?
In probably 95% of cases I would recommend filing an FBAR. There are
some rare exceptions where genuine issues would be raised and the
filing would likely be a question of law. But in most of those
exceptions I would recommend filing to be within the safe harbor
because the penalties are so draconian and filing the form incurs such
a small burden excepting the loss of privacy which is likely breached
anyway as all wires are automatically reported.
Of course, if you have wired in excess of $10,000 and if you do not
want to file the FBAR for some reason then you may want to consult an
attorney for individual analysis of your situation but the answer will
likely be to file. It is what it is.
Some exceptions would involve odd fact patterns such as those involving:
http://goldmoney.com/en/bullion-into-gg.html
Mr Mayer, I contacted you about GTU and CEF recently.
I don’t want to pretend to be an expert in any of this but I saw that you were interested in TSN stock. As a former shareholder, were you aware of the 2 classes of stock? The A shares trade to the public and the B shares were held mostly by the family. the B shares had 10 times the voting rights as the A shares. It doesn’t smell right to me. Don Tyson used it as his personal piggy bank for a long spell…..Don’t know if it is over yet or not. Please let me know what you find out. Thanks !!
Hi,
I rolled over my IRA to gold bouillon with Capital Gold Group last spring. Can you tell me what you know about this company and whether you would recommend staying with them or not?
Trace: Great columns.
I have PM in several forms: bullion (personal possession and storage), collectible coins, jewelry, mining stocks, exploration /development stocks, royalty stocks and CEF/GTU. Are the latter ones safer than GD, IAU, SLV. etc?
Trace would you consider speaking at one of our Millionaire Cafe’s luncheon in Carlsbad?
Hi! I am considering rolling over one of my IRA’s into a gold/silver IRA where the physical gold is held by a third party storage vault. Do you know of any reputable companies that you would consider in making this kind of move since you don’t reccomend using a search engine? Thanks, Mark
Hi Mark, the search engines are fine you just want to be sure to research any company you may want to do business with. There is a GoldMoney IRA program but I think it is pretty expensive and I would not use it. But I do not really like 401Ks, IRAs, etc. anyway because of the potential for nationalization of retirements accounts and I do not like having a custodian between me and my assets.
Dear Trace,
I reside in the Northeastern tip of NY State. Montreal is only 65 miles away.
You can buy Maple Leaf coins directly from Scotiabank in Montreal. They come sealed. I like tend to like the Maple Leaf coin because it is 24 carat. The total cost is $2 per coin, $5 delivery, and either .25% or .125% (depending on the volume of the purchase). You must take physical delivery. US Customs does not charge any duty for personal ownership. I can easily convert my US currency to Cananian currency (currently trading at par) to make the purchase.
Does this sound like a good route to take? Any suggestions.
I loved your article.
Robert Lutz
Hi Robert, I think that sounds like a good idea and it may be a little more private than other options. I like the legal tender coins such as American Gold Eagles, Maple Leaves, etc. Just make sure you check the prices to make sure they are not too far above spot compared to other reputable dealers. Also, you will likely want to be careful with the amounts. To be safe be under the $10,000 reporting limit.
Trace
I have a 5 gal jar full of coins . fill with current gold dollars on down to pennies.
am i better to cash in and buy silver coins or 1 once bars. maybe around $3,000
in both jars. this is still alot of money to me.
4,000
gold is the only thing I trust in this Obummer economy!!!
Have you looked into the snowballsilver.com program? I am wondering if it is a safe venture?
Richard, I have not participated in the snowballsilver program. However, I am extremely leery and do not think it is the best value as you will likely get many more ounces of silver for the same dollar amount from GoldSilver or GoldMoney.
I want to buy gold!
I have heard there is a tax on gold included in the Health Care bill recently enacted by our government. If this is so how would it effect any purchase I may make on gold or silver at this time??
Good question Tony. As I understand it, I have not read all 2,300 pages though, the Health Care bill does not introduce a new tax on gold. There is already a 28% capital gains tax on bullion as a collectible. What the Health Care bill does require is a 1099 for all goods and services over $600. So purchases of paper, pens, a vacuum or gold and silver coins, if more than $600 total from a single merchant in a year, will require a 1099.
Great article. I’m planning on making my first purchase of gold coins. Once I have physical possession of them where or who should I store them with? I doubt putting them in the bank is a safe bet. Can I make interest on them overtime in this location? Thanks.
hello, you breifly touched on the Perth Mint, they offer two ways to buy gold or silver, eirther physical gold bars and coins or in a pool, im assuming thats a amount of gold and you have the portion that you have invested in,
as the physical gold requires a storage cost is the polled gold a safe option and in general is the perth mint a safe Third party?
Any answer would be greatly appricated,
Thanks.
I have not researched the Perth Mint as far as being a good third party storage provider. But my general rule is to never trust any government, particularly with anything related to your money, and the Perth Mint does seem to have a pretty cozy relationship with the Australian government.
Dear Trace
I discovered RunToGold only recently and am greatly appreciative of the analyses you offer, and the spirit in which they are given. I am working my way around your treasure trove of topics!
I claim no expertise in the technical and legal aspects of buying and storing gold, but would suggest that BullionVault offer as efficient and safe a way of buying, owning and storing gold as any other company. They offer the means of buying Good Delivery gold only, all of which is allocated, through a simple and reliable internet trading platform. The stored gold is externally audited. Other safeguards and protocols are described on their website. There is also the potential advantage for USA citizens of choosing to store their gold in the Swiss vault. The company won one of the Queen’s Awards (for Innovation) in 2009.
Declaration: I have an account with BullionVault. I have no other financial interest in or connection with the company.
Kind regards,
Allan Watson.
Hi Allan, glad you are enjoying the website. There are all kinds of fun articles to work your way through. With Bullionvault I also have an account and have been happy with the service so far. Glad to know you like them also. I have not really delved into the legal documents as it isn’t really my most enjoyable activity. Perhaps I will when I get the time.
Trace, thank you for offering such a wealth of useful information on this site. You have already stopped me in my tracks from opening a monex atlas (or any other monex) account. Accordingly, I am now researching buying and taking physical delivery of my pm investment. Can you explain why you do not recommend storage in my bank (HSBC) safe deposit box…do you believe there is either (or both) counter-party or performance risk? Thank you for putting me on the right path.
Larry
Trace, I have been a stock market investor for the last twelve years or so, and I have consequently seen my ups and downs like everyone else. I am considering cashing in my 401K and using it to buy gold and or silver, while also continuing to play the market. I have some simple questions for you. First off, do you see silver and gold continuing to skyrocket, or do you think we are nearing a resistance point that may slow their growth down? I am notorious for getting in after the run and going nowhere fast. Do you feel that the growth can continue at its current rate, or is a slow down most likely on the horizon? Also, I fully intend to take personal possession of whatever I buy, I don’t trust anyone with my property. My next question is a two-parter. Where do you recommend buying bullion bars at the best prices, with the best reputation and fastest delivery times? Also, I am not working with a huge budget, and I am wondering if you would advise buying lesser amounts of gold, or buying larger amounts of silver? I intend to buy bullion bars. I have a degree in finance and accounting, and I believe strongly that silver is severely underpriced. At some point, I believe a correction will take place. My concern is whether that means gold drops or silver rises like a phoenix. My last question is simple. Without taking any responsibility and without speculating wildly, where do you see gold and silver prices sitting at 12-24 months from now? Thank you so much for your time, and I eagerly, but patiently await your response.
Brien
Hi Brien. Those are some great questions. First, the precious metals are more about capital preservation and not increasing one’s wealth. With a finance and accounting background you can likely appreciate how I use them as the numeraire for financial statements. To see an applied case just look at Rep. Anthony Weiner. With that said, it is nearly impossible to predict where the prices will be in fiat currency terms because the unit of account has no intelligible definition which is why I use gold as the numeraire. I think over 12-24 months their purchasing power relative to the stocks or real estate will increase. I also think the silver to gold and platinum to gold ratios will decline. I have been a big fan of platinum for over a year. As of 5 October 2010 I think the precious metals are currently a little expensive and while there is still some room to run they are not nearly as good a deal as they were a few months ago when I recommended buying them. If you have no position in personal possession then I would recommend getting some but for a speculative trade I think that based on the 200 day moving averages the probabilities are not as good as they were earlier. The cycle will likely turn and one will get another shot if they are patient and keep the capital preserved, the main function of the precious metals. Good luck.
Great article! Gold and silver are terrific investments. We are in the midst of a huge bull market and one of the biggest wealth transfers ever. Gold and silver act as a hedge against inflation and the declining US dollar. I like to buy physical bars that I can see and touch.
As a senior citizen I am looking into investing in gold/silver. Other than the $599 limit re:1099, is there a paper trail involved w/foreign coins vs. American coins purchased at a coin shop? A year ago I purchsed $5000 in Canadian Maple Leaf coins and had numerous forms to fill out. Oviously I’m new at this and trying to learn all I can before additional purchases.
Surely would like to see an answer to Glenda’s 8th November query…!
Very informative article! I have currently have around 15% of my portfolio allocated in physical gold & silver. Going to continue growing it, at least until gold hits $2000 /ounce. My portfolio consists of a variety of rare European gold coins, some bullion coins, and junk silver bags, some Morgan dollars. I have bought from APMEX, Blanchard and Precious Metals Brokerage Group, PMBG. I love all these companies for the information they provide, and there ‘spreads’ are very reasonable.
As an 18 year old investor.. I am realizing the US dollar isn’t worth anything and the American government is corrupt. Why are the American coins .9999 gold instead of being 1 troy oz? Would it be better to invest in American gold coins or foreign gold coins or even bars?
I’M NOT IN POSITION TO PURCHASE A LARGE AMOUNT OF GOLD BARS,AS I’M 81 YEARS OF AGE . BUT LOOKING FOR A SAFE PLACE TO INVEST ABOUT 10,000 DOLLARS . AM LOOKING AND EXPECTING IT TO RISE TO 1500 IN THE NEAR FUTURE. I MAY BE WRONG ,BUT SIGNS LOOK GOOD TO ME. PLEASE GIVE ME YOUR OPION ON WHAT I’M THINKING OF DOING . GOLD OR SILVER . THANK YOU ,AM LOOKING FOR A REPLY SHORTLY.\
The web site is in the construction stage. In response to JAMES R. WHITMORE I agree with him that gold will go to $1,500 per oz. The gold did take a little wobble there over the last week or so. I have GLD in my refinery and I usually have PAMP out of Titino Switzerland hallmark it for me and bring it to Bullion. I’m in the business of selling precious metals. I follow LBMA standards. I’m an assayer of precious metals and have a small refinery. Not big production but enough to supply my private clients.
$33 already in the asian markets! Liftoff is here folks. Complete backwardation, March 11 the silver vigilantes will be ready
Mr Mayer, not sure if you are still paying attention to this thread or not. I do have a question regarding silver bullion purchases. Some are serialized are these better investments over those that are not?
Best regards
Hi Scott,
I suppose for the larger bar sizes over 100 ounces the serial numbers would be nice. I stick to American Silver Eagle coins which are legal tender or to GoldMoney for the larger amounts.
I would like to invest in gold coins but I don’t want to spend a grand on one coin. I want to spend a grand on many coins. Easier to get change if I need to use them. Why is this so hard?
In Canada, even with a self administered RSP (like a US $401k), there is a whopper of a restriction. You can hold anything in it, but bullion, without any problem.
With bullion, you have to buy from Kitco, use Questrade as a broker, only buy gold Maple leafs or large bars, and you MUST store them in the Royal Mint – yup, the mint that “lost” a pile of gold just a few years ago.
Why not bullion in hand, of any kind or form, and a certificate or receipt from the supplier for the Bank holding the RSP? The whole point of gold is to eliminate counter-parties — this setup includes everyone but my late mother.
Has anyone found a way around this nonsense? I prefer small bars, and I wouldn’t leave my dog with the Royal Mint. You save a lifetime, and then they hit you with these “restrictions” – not a word until you go to do it of course.
There is also a “special savings account, set up a few years ago (tax free) to encourage people to save $5K a year. Nice, huh. Unless you want to use it to buy bullion – same bullshit! Help!!!!!
Sorry Yanks, our government and central bank can out bamboozle Canuck taxpayers as well as yours any day of the week. Our Central Bank is even run by the Goldman Twins – two ex (are they ever really ex?) Goldmanites.
Sold 37 oz of silver coins to Goldmasters and received less than half of their
stated prices. Also was told some of the coins were 20% silver when I have all
of the purchase info from reputable companies that states oterwise . Beware who you sell to.
G.M., You may want to request Goldmasters to return the coins to you if they are engaged in fraud. When mailing things I like to take video with a witness present just in case there is a dispute as to what was in the box.
Trace- Could you steer me to a reputable company where I can buy Gold & Silver? Also how much should I pay over spot? What is the best method to seal & protect gold & siver coins and bars? I also have a JD & practicing for nearly 30 years. Will be lucky to have any rights if the S. Ct. continues down the path of destruction it’s paving! Thanks for your time & help, Scott
Hi Scott,
Ever read Dr. Vieira’s book Dethroning The Imperial Judiciary? We do have a 9 headed Ceasar.
With reputable companies I like GoldSilver which I recommend in this article. Low premiums and A BBB rating. I usually just put the gold or silver in a safe. I have never taken much effort to seal/protect it. I just get the bullion stuff with low premiums.
My father owns and operates the family farm along with my uncle, they’re always in a ton of debt. I intend to start my own and avoid using intangible wealth. Thanks for posting your expertise, I’ll take your advice.
Stumbled across your site searching for whether or not using a “seal-a-meal” type machine would help silver from tarnishing! LOL
So glad I did. Great info. Attempting to sign up to you newsletter will have to wait for Hotmail to exhale.
I am new to investing in gold/silver. Glad you recommend Apmex – that is the place I check daily. My first purchases will be silver…then gold. Newbie needs to start somewhere.
As I write this today, Gold is at $1,700.
Jim, glad you find the site helpful. I bet you will enjoy it!
Enough is enough. Since I put my life savings into annuities, I’ve lost money since I opened them. Several times I’ve thought about changing strategies, but my ‘advisor’ always says hang on. With today’s crash, enough is enough. I want to buy silver. I’m enjoying your columns. I read about taking 401k money, but what about rolling the funds from the annuities into silver and avoiding the taxes?
Trace, came across your site today, enjoyed the reading. I feel like I am caught between a rock and a hard place. I have lost my job/profession due to an injury and I have monies saved, by depleting fast. I have a retirement plan through my union that I can draw out, with penalties of course, since I am only 45 yrs old. I am Very concerned about todays market. I would like to invest in gold and silver. My question is, can I roll over my retirement to make my purchase without being penalized? Also, avoiding taxes as Kathy had mention? Is there also a way to prevent a paper trail? I am a private person who does not like leaving anything on paper or want anyone know what I have. I hope you can guide me in the right direction
Tim, I agree, you likely are caught between a rock and a hard place. I hope you are able to get yourself better positioned and I think gold and silver play a vital role in doing so. Your questions have many facets to them and answers can cause the situation to get extremely complicated. I suggest you take a look around my other website, How To Vanish, as it will help guide you in some of those directions. Then you will be in a better position to take action based on the uniqueness of your individual situation. For obvious reasons I cannot really provide specific guidance. Good luck.
Great site Trace.
Where would you recommend to buy gold? and what products would you suggest to buy? bullion or coins? and which is better – American Eagle or American buffalo ? Where can we go for the storage with reasonable price? What is the US tax regulation we need to know before purchasing, both on buying and selling?
Thank you very much,
H Smith
H Smith, Most of your questions are answered in the article. Regarding US tax regulation most applies when you sell not when you buy bullion. There may be some sales tax due but that is a state by state issue.
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