Where do you buy ounces of gold? Sensibly like? Krugerrands and the like [or what ever- I just want real gold]

July 22, 2011 · Posted in Buying Krugerrand Coins · Comment

Question by Put_ya_mitts_up: Where do you buy ounces of gold? Sensibly like? Krugerrands and the like [or what ever- I just want real gold]
My main concerns are to buy at market price [and to find out what that is] and to cut out any middle-men and of course to buy from a reputable dealer [that goes without saying [we're talking gold]].

Best answer:

Answer by Computer Guy
If you want to hold physical gold, I recommend Krugerrands or other recognized gold coins. If you ever want to sell them, you don't want some lump that the buyer will have doubts about.

Gold is about $ 940US/oz today, but it changes constantly.

http://www.kitco.com

Coin shops sometimes deal in "bullion" coins, we're not talking rare coins, you don't want to pay much more than spot price.

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Tags: ever, gold, just, Krugerrands, like, ounces, Real, Sensibly, want

Why would somebody have a box full of gold coins?

June 24, 2011 · Posted in Buying Krugerrand Coins · 2 Comments

Question by R: Why would somebody have a box full of gold coins?
He gave me one. Says it's a "Krugerrand". He has a LOT of them. I assume the only reason he still has them is because no body's willing to steal from a guy that used to be Russian Special-Forces.
What's the point of it though? I mean... Why would somebody want them? Also, how much is it worth, and where could I get rid of one?
He's not a spy. It's a small town with nothing going on within 2 provinces (Canadian, by the way).

I also like the idea of having $ 1300 sitting in my pocket.

Best answer:

Answer by Wiz
ROFLMAO!!! They are worth about $ 1300 each. People keep them because they are good no matter what the value of the dollar is and when the dollar goes down, their value goes up. Krugerrand's are an ounce of pure gold. You can sell them at any reputable coin shop. However, if you hold on to it, it could reach $ 2000 in another 6 months to a year. Google gold prices. They are a hedge against inflation.

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Tags: Coins, full, gold, somebody, would