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Maybe not so bad after all...
http://www.zerohedge.com/news/gold-liquidations-open-thread#comment-1703338
http://www.zerohedge.com/news/gold-liquidations-open-thread#comment-1703338
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I usually like to go to the bank to buy some cash to put in my pocket. They even give me a receipt after with how much I have left to buy from them until I'm outdmdivris:2043227 said:where can i go and buy some cash and put it in my pocket and walk away?
http://www.bostonbullion.com/where can i go and buy some cash and put it in my pocket and walk away?
I was surprised by the speed of this drop.... looks like a good buying opportunity for silver. Too bad I'm out of FRNs to exchange for them at this time.
Can you do an in-person transaction with them (bring certified check; walk out with gold) or do they require you trust them by providing the money up front after which they arrange delivery?
where can i go and buy some cash and put it in my pocket and walk away?
I say now is the time to buy. I have a decent amount of money in physical and paper SLV and I am not worried. It may go up and down, but I am still confident that it will be a winner in the long run.silver just went below $30/oz. I wonder how far it will go.
One of the things I don't understand about gold and gold stocks is, if a SHTF scene happens where do you go to redeem your gold? Do people honestly think someone is going to be at their job handing out your portion of gold that you have coming to you. Or do you actually get your gold as you buy it? Someone please tell me. At least when I go to my local walmart ect, and buy 1k rounds of .223 I walk out with them. I know I can't eat the rounds, but at least I can hunt for food with them!!! How does gold taste?
I'm seeing quotes at retail shops for $38/ ounce silver, and similar markup for gold.
What form factor?I am still buying whenever I can. I grabbed some the other day for $32 per ounce of silver, out the door.
the most practical option is an investment house,
Agreed, which is why I also buy SLV and GLD for speculation, though a couple of miners look good if you are opportunistic. I would like to have some on hand, though, because owning gold that is stored in a vault under the Thames doesn't do a lot for you in a bad situation.
Is it possible that there are two prices for metals? One for physical metal and one for paper metal? Seems that that's the course the markets are taking.
Rome
There are costs and risks with each. If you have metal on deposit with a brokerage firm, you don't have to worry about physical security, and selling is done with one phone call or on line transaction - with no shipping, authentication of the metal, or delays.Sure, paper metal is only worth what it is written on...... Physical is the only way to go.....
Maybe I will never cash in my silver and gold. If I don’t then my kids should inherit a good amount of metals.
This is one reason to hold it in paper form. If you hold it personally your heirs bear the burden of inventorying and reporting all of that gold to the govt so it can take it's share