Employee accused in theft of gold coin

March 17, 2012 · Posted in Krugerrand Gold Coins · 4 Comments 

Employee accused in theft of gold coin
An arrest affidavit stated police were contacted by the owner of a local business who said one of his employees, later identified as Combs, stole a gold Krugerrand coin from a safe. The report stated Combs came back to the business and sold the coin ...
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bit.ly Own your own Krugerrand today. The APMEX Vice President of Purchasing and Merchandising highlights the features of the Gold Krugerrand.
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Is Universal Coin & Bullion a reputable company?

July 18, 2011 · Posted in Buying Krugerrand Coins · 2 Comments 

Question by goro: Is Universal Coin & Bullion a reputable company?
I recently bought some gold in the form of Napoleon III 10 franc coins from Goldline and now realize that I paid way too much in commissions (the "spread"). It is my fault for not doing enough research, and thankfully I didn't invest too much, but I'm now weary of buying more gold/precious metals after getting burned. Does anybody have any experience with Universal Coin of Beaumont, TX? They advertise every month in American Rifleman and are endorsed by the NRA, but I'm not sure that means much. I definitely learned my lesson and will be sticking to bullion and bullion coins which track the price of their respective metal, and remove the guesswork of the numismatic premium that a novice buyer like myself knows little about. (Actually I had called Goldline with the intent of buying Krugerrands but stupidly allowed myself to get talked into the higher commission European coins on the basis of the "government can take your bullion" hard sell). Anyways, if any of you have used Universal and have had good (or bad) experiences with them please let me know if you would recommend using them. Are their prices reasonable? If there is a better, cheaper way to buy physical metals please let me know that as well. Thanks in advance for your help.

Best answer:

Answer by Tom S
Also be extremely wary of selling gold, silver, jewelry, and coins to the numerous "We Buy Gold" scam houses. They pay 1/5 to 1/6 of the real value of the bullion.

Amd no, the government can't take of sell your bullion. if you want to invesat in Gold and "ride" the fluctuation in gold prices, then consider buying gold stock. One such fund has stock symbol GLD and trades on the Dow Jones. it has 57 billion in market capital. The price exactly follows the price of gold.

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