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 are gold coins covered in plastic, so you can’t check if they are real gold?

June 20, 2011 · Posted in Buying Krugerrand Coins · 5 Comments

Question by Newell: Why are gold coins covered in plastic, so you can't check if they are real gold?
I inherited about $ 60,000. I think the government has gone crazy, and I am anticipating an inflation firestorm. I plan on buying $ 30,000 of silver and $ 30,000 of gold coins for my 8 year old daughter's college fund. I was going to buy Krugerrands and Maple Leafs. But everything is coated in plastic. I don't trust people. I intend on buying in $ 5,0000 increments, and then taking it all to another jeweler to make sure it is actually gold or silver, and not lead with gold paint. Why are all the coins in plastic?
That's what I hate about Yahoo Answers. No one ever answers the question. My question is why is everyone so stupid that they just assume what they are getting is gold. And the answer is none of you know.

Best answer:

Answer by Mary Kate
isn't that to prevent things from being scratched? I thought that's what they did for fancy old swords,,,

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Tags: can't, check, Coins, covered, gold, plastic, Real, they