Sound advice for gold and silver bullion stackers

heat45

Jr. Member
Sep 1, 2011
51
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Detroit/Windsor
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If you want a real piece of honest advice from a veteran of collecting, trading, selling and buying in large quantity ; I recommend that you only buy pure silver or gold (99.9% or 99.99% / .999 fine or .9999 fine), because come sell time, you're going to face mass scrutiny and assaying. Banks and even small-time buyers don't want to buy gold without a card or paper that was minted with it, which can attest to it's authenticity. If you're going to spend $53 on a 1 gram pure .9999 gold 24k bar of any mint brand name, you'll fetch a higher selling premium of profit on it than $53 spot worth of 14k gold coins. It's not worth the time to buy 14k gold coins unless they're made by a government and have a face value, like the Royal Canadian Mint $100 face value series of 14k and 22k gold coins, which have .9999 silver as the only additive mixture metal and a serial-numbered assay card book with secure water-mark counterfeit-proof spot print. Good luck and happy stacking. Always avoid paying more than 1% over spot or find someone more desperate, because come crunch time, I always end up paying spot.
Post Script (P.S.): Avoid trades whenever possible; I know you'll usually end up on the losing end of the transaction, so just save up for longer and initially buy what you really want and hold onto it dearly.
 

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