Legit Gold dealers
I responded to joe2baba’s posting about where not to buy gold, in which he details a bad experience with Monex. I have actually had good experiences with Monex. That is not to say it is necessarily the best place, but just that I had no problems, other than a slow delivery time, which many have noted. At the time I placed my original order with Monex, I also called NWT Mint and Colorado Gold. Prices were similar to Monex, and in the end, I just went with Monex as the atmosphere seemed more professional.
Jim Sinclair has written on his site (http://jsmineset.com/) about there being a way to buy at spot price directly from NYMEX (http://www.nymex.com/gol_fut_cso.aspx), and take physical delivery, but I haven’t figured out how to do that, yet. If anyone does figure that out, please let us know!
For reistr, I wish we in the U.S. could get gold directly from a bank, at just a percentage above spot, but that is not an option here, unfortunately. Perhaps I should make a run to Canada, next time!
Oh, and for 1403west, I did look into Bullion Direct and Goldline, but just didn’t feel comfortable with their websites, as I recall. I don’t think I called them and checked prices, though.
I buy from Manfra, Tordella & Brookes, Inc.
I live in New York City, so I can actually walk into their office near Wall St. and buy over the counter. Everything is very legit. They have a good amount of inventory. It’s been a very positive experience so far, and much cheaper than Kitco. Also, I do not believe there is a minimum purchase required if you just want to pick up a few coins.
But I meant to add that you can order from them online. I’ve just never tried it, since I can go to their office instead.
And the coins they sell you are brand-new-mint-condition.
Jason Hommel, silver commentator, lists dealers to use and avoid, below. ——————————————————————————————————————- http://news.silverseek.com/GoldIsMoney/1223517682.php You can also get a good price indication from the following dealers. I hope a few of them will bid in this auction! http://www.apmex.com — good $50 minimum orders! http://www.milesfranklin.com http://www.tulving.com http://www.wexfordcoin.com/BullionBar.htm http://www.golddealer.com — has never run out of all silver products http://www.caminocompany.com http://mishinternational.com/ http://www.rocklincoinshop.com/ http://www.coloradogold.com/ http://www.amark.com If I were you, I’d avoid the following dealers, for the following partial reasons: Avoid: Kitco – Pool program liability, little product, indefinite wait times, as listed at their own website. Perth Mint – $880 million certificate liability, as listed in their annual report. Johnson Matthey – 2 month wait times, not taking orders??? AGR Matthey – shut down Australia offices??? Amark – JM’s primary dealer, mostly sold out, long wait times. Northwest Territorial Mint — 2-4 month delays Monex — $400 million US IRS lawsuit Goldline — Sells "quasi – non – numismatics" on leverage.
and then there is ONLYGOLD.COM the web site reads well
Can we try to leave recommendations if you have actually made purchases from that company, whether online or in person? a bit of detail would be nice, without going into dollars and cents, if you could honestly best describe an actual buying experience that would be very helpful.
Third party website recommendations are ok, but please try to add in your own research and more detail so others can make qualified decisions.
This would be a horrible place if shilling took place on this forum.
I have purchase gold from CNI (www.golddealer.com) and ebay. The ebay purchase was quite small. It was expensive and had quick shipping. CNI has fairly slow shipping if you pay by personal check, but they are upfront about this.
A question: has anyone purchase junk silver (specifically pre-1965 US coins) in quantities smaller than $1,000 face value? CNI only sells in this quantity, and we can’t afford that much.
I just ordered from APMEX, I got a quick partial fill of my order, but I am still nervous. The partial came earlier than expected, based on buy and ship dates, but the balance seems a day late. Its my first buy, and I cant stand this. Why would they send it in multiple packages? Wouldn’t it be cheaper to send it all at once?
I received my order and have calmed down. APMEX is ok. The MONEX broker I contacted initially keeps calling me.