Selling your gold, silver, precious metals
Discuss ways to sell your precious metals: -Cash for Gold places -Coin dealers, coin shows -On-line dealers like Apmex -On-line like eBay, Craigslist, Kitco forum -Friends and family US certified mail - up to 000 insured, costs less than for up to 70 lbs Alexiscom1 interviews APMEX bullion director: www.youtube.com
As an Australian, we get good access to fractional gold here through the Perth Mint – 1/10 and 1/20 Oz. They’re beautiful, encapsulated 9999 fractionals that have a very solid local market here and abroad.
The only downside is the heavy premium attached to these coins.
hey joe thanx for all your thoughts
what could happen to the gold in the next few days now that greece debts are coming due
thanx
Why not use gold or silver as currency? To do otherwise is to admit precious metals are simply a commodity, when they should be perceived as a medium of exchange. If or when the dollar fails, why buy currency with precious metals to later buy product or services? Buying currency with precious metals supports fiat currency. Do you envisage fiat money lasting into the future? Just curious as to your thoughts.
Imagine when the price of gold and silver climbs much higher. Need a few bucks… walk into your local coin and exchange a coin or two for some fiat. Then go spend the fiat. And be sure to declare the gain to the I.R.S. *wink-wink*
I get 97%-100% of spot with no ID bull shit…you need to know some dealers…also, apmex sucks at buy backs…they offered me 80% of spot for 100 oz of silver bullion bars (10oz each)…I was like, yea OK, go and f*** your self!
@hiphopsocnroc Also, there are ways to avoid the high ebay fees…
me thinks that in the future, (10 years +/- 2), we shall be selling precious metals (namely silver&gold) much different than today. I would wager that many businesses will accept it in payment of debts. Also, I suspect a high amount of fraud coming. Namely, businesses in China whose whole purpose is to produce counterfeit. Even on Ebay now, I see a few (and growing) ‘ancient’ silver coins for sale and also, 100 oz J&M bars filled with lead.
Casino Gulag alright. I just love that Keiserism
Once again, you have addressed a subject in which I was interested, and have heard no one else really discuss. Thanks.
I remember reading about when J.P. Morgan died a group of bankers could not believe how little his estate was worth to his heirs. I guess he did it for a seat at the table with Lucifer!!
@xmenrus
Actually Diamonds are one of the biggest scams in the world “compressed coal”. When the Soviets collapsed DeBeers had to clean out a huge walk-in safe full of cut & uncut stones to keep the market price artificially high.
@xmenrus
It is all part of the Chessmasters plan!
@Rizky06 Yes that is so. But it’s not a common investment amongst common people. As I recall the standard markup on diamond jewelery is 500%. I understand DeBeers controls the world supply and keeps vaults that if released to the public would make daimond values as common as ROCKS.
@Rizky06 Did you say chess-bastards?
@BuyerOfGold
Actually I was in the metals business and they have military sats and very advanced wide scan ground penetrating radar that can detect precious metals or just about any metal. Keep it in a lead lined box before you bury it.
@xmenrus
Even better!! Yep Accidentally on Purpose!!
@Rizky06 Yes, JP Morgan’s power was about control, and less about the digits behind him.
Very good video, though I’m not sure what selling PMs will be like in a collapse environment. It’s possible that getting a so-called spot price could be more of a luxury than a reality in the future, but we’ll have to see how it all shakes out.
Awesome video!
Consistently my fav vids on YT. Thx
@Rizky06 Wow I didn’t know that. Thanks for for info to reserch.
hi, question for you? when one goes long and sells in years to come….. how does one know what ones cost basis is for taxation purposes? I feel that you can’t just include the cost of the item (even that is hard to keep records of ), but also, u have storage cost and even interest cost on borrowing ? Any ideas>?
@Romulan112 Great point! When you sell an ETF, those costs are automatically deducted from the price… for physical storage cost I will have to look into it.
unfortunately Apmex requires a minimum of 1 oz to sell I have 1/2 oz so I am a bit stuck
@doverlin
People stopped using metals as currency because of price haggling. If a store owner was using an inaccurate scale then one of you could get ripped off. The first form of paper currency was essentially an IOU from the bank saying “give me this piece of paper and I’ll give you this much gold”. Trading paper was much easier than trading gold because you didn’t argue about what was printed on the note. Even printed coins/ingots could be secretly whittled down, removing its full value.