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Owning physical GOLD

Old 04-04-2020, 04:15 AM
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Default Owning physical GOLD

Say to pick a number you wanted $100,000 in Gold. How would you spread it out in bars or coins and where would you keep it? I was thinking a kilo bar and the rest in 1 oz bars but I don't want to keep it in my home.

Even if you rent space in a vault or safe deposit box do you insure it? Is that expensive?
Old 04-04-2020, 04:18 AM
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Originally Posted by Bfish View Post
Say to pick a number you wanted $100,000 in Gold. How would you spread it out in bars or coins and where would you keep it? I was thinking a kilo bar and the rest in 1 oz bars but I don't want to keep it in my home.

Even if you rent space in a vault or safe deposit box do you insure it? Is that expensive?

Maybe a dumb question but why not keep it in your home? Insure it and put it in a quality secured safe.
Old 04-04-2020, 04:30 AM
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Originally Posted by ytmorris View Post
Maybe a dumb question but why not keep it in your home? Insure it and put it in a quality secured safe.
I thought about that but right now I don't have a suitable safe. I'm not sure I want a safe company's van parked in my driveway for every neighbor and landscaper that drives by to see in these times. It wouldn't be hard to figure out something valuable is here or coming.
Old 04-04-2020, 04:34 AM
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Hide it, 100k in gold isnít very large, Iím sure you can find a place

Old 04-04-2020, 04:34 AM
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There are services that buy your physical gold and store it for you and all you have to do is pay the money.

Im a believer that i want mine at home.
You can hide things in plain sight you don't need a safe.
Put it in a old paint can in the corner of the garage for instance.

Just remember which one......

I have a small fire resistant safe box with some"valuables".

It is kept in my attic underneath insulation. Only me and my wife know about it.

and now yall....

Last edited by mbb; 04-04-2020 at 04:41 AM.
Old 04-04-2020, 04:39 AM
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You're talking about less than 4 pounds of gold. Hide it anyplace.
Old 04-04-2020, 04:39 AM
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A few on here, including myself, have gone through SrqCraig... Iíd recommend a PM to him, he is very helpful and in the business. My shipment is due here today. Already have a good safe. Good luck!
Old 04-04-2020, 04:41 AM
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Pre-33 coins
Old 04-04-2020, 05:21 AM
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If you are buying it for an investment and claiming it on taxes I have heard there are management and reporting issues required.
Old 04-04-2020, 05:31 AM
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Just curious for the people that want to own physical gold - is this typically for an investment (e.g. - to be traded back for dollars within 20 years) or for insuring against an apocalypse scenario?
Old 04-04-2020, 05:32 AM
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Originally Posted by crabbeer View Post
A few on here, including myself, have gone through SrqCraig... Iíd recommend a PM to him, he is very helpful and in the business. My shipment is due here today. Already have a good safe. Good luck!
Thank you for the endorsement.

Old 04-04-2020, 05:39 AM
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Originally Posted by houtxfisher View Post
Just curious for the people that want to own physical gold - is this typically for an investment (e.g. - to be traded back for dollars within 20 years) or for insuring against an apocalypse scenario?
for me, itís insurance and the foundation of every other investment. It is an asset without any liabilities attached to it. Also, itís not for an apocalypse type scenario, but for one thatís been occurring over the past few decades. We just went into hyperdrive the last month.
Old 04-04-2020, 05:42 AM
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Originally Posted by houtxfisher View Post
Just curious for the people that want to own physical gold - is this typically for an investment (e.g. - to be traded back for dollars within 20 years) or for insuring against an apocalypse scenario?
You trade it for fuel , food, and ammo. When shit hits the fan and the looting starts no one will take your credit card or want to see your paper money.
Old 04-04-2020, 05:44 AM
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I previously bought a few silver bars and some gold Krugerrands. I found that there's a considerable difference in price between buying and selling through a wholesale broker. Not a great investment.
Old 04-04-2020, 05:45 AM
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Originally Posted by Bfish View Post
Say to pick a number you wanted $100,000 in Gold. How would you spread it out in bars or coins and where would you keep it? I was thinking a kilo bar and the rest in 1 oz bars but I don't want to keep it in my home.

Even if you rent space in a vault or safe deposit box do you insure it? Is that expensive?
I'll share some thoughts with you.

1. I'd use bullion coins. Bullion coins trade primarily on their metal value. Numismatic coins trade on their collectible value and metal value. Collectible value can be highly subjective and incredibly volatile. If you are buying for a disaster hedge, avoid numismatics.

2. I'd use sovereignly minted bullion coins. US Eagles, Canadian Maple Leafs, Austrian Philharmonics, etc. The reason for that is they are highly recognizable, highly liquid, easily authenticated and of good quality. Sovereigns, in normal markets, trade with slight premium above spot price. Avoid Chinese Pandas....lots of fake Pandas floating around.

3. I'd use 1 oz sizes. It is easy to find 100 buyers of 1 ounce coins. It is difficult to find 1 buyer of a 100 ounce bar. Smaller weights can offer you flexibility if you have to liquidate. Too small and you start paying larger premiums. For example, 1/4 oz eagles are super pricey.

4. Smaller weights offer you storage flexibility. Remember in storing, you have to protect from theft, fire and windstorm. Your personal storage plan will be different from others. Storage depends on your geographical situation and other factors. I'm in the business so I don't store anything at home. I'm too easy of a target. If you can afford to spend 100k on metals, spend 5k on a TL30 rated safe first. You can get used ones for $1,000 usually.

Please reach out if I can answer any questions for you. I'm a financial advisor by background and I like to help people fit this into their financial lives properly. As with most things, there is a right way and a wrong way.

Craig
Old 04-04-2020, 05:48 AM
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Originally Posted by KBH View Post
I previously bought a few silver bars and some gold Krugerrands. I found that there's a considerable difference in price between buying and selling through a wholesale broker. Not a great investment.
If you want to speculate on metals, use ETFs, funds, stocks or futures. If you've buying and holding for a disaster hedge, buy and take delivery of physical.
Old 04-04-2020, 05:52 AM
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Originally Posted by schoolsout1 View Post
for me, itís insurance and the foundation of every other investment. It is an asset without any liabilities attached to it. Also, itís not for an apocalypse type scenario, but for one thatís been occurring over the past few decades. We just went into hyperdrive the last month.
So a hedge against inflation? Why physical as opposed to a gld stock?

Originally Posted by barrell View Post
You trade it for fuel , food, and ammo. When shit hits the fan and the looting starts no one will take your credit card or want to see your paper money.
Fair enough.
Old 04-04-2020, 05:55 AM
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Originally Posted by SrqCraig View Post
If you want to speculate on metals, use ETFs, funds, stocks or futures. If you've buying and holding for a disaster hedge, buy and take delivery of physical.
I held them for years until my divorce back 30 years ago. That was my disaster du jour, She got the house and the floor safe. I was lucky to get half the contents and was not happy when I sold them. But I get what you're saying.

Personally, I'd rather invest in Newmont Mining than hold physical gold.
Old 04-04-2020, 05:58 AM
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At current prices 100K is almost nothing physically to 'hide' anywhere. But if you have 100K surely you can buy a small to medium sized safe. Or just put it in a sock drawer. What I absolutely wouldn't do is hold it off site.

I buy a mix of 1 oz and 1/10 oz Gold American Eagles. The idea is that if there was ever need to exchange them for goods it may be impossible for anyone to give change for the 1oz coins.

Just for size reference, this is about 15K worth back when it was somewhere under $ 1300 an oz.



Last edited by David2; 04-04-2020 at 06:07 AM.
Old 04-04-2020, 06:06 AM
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https://seekingalpha.com/article/422...should-you-buy


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