There are many pitfalls to face when deciding what and where to buy your silver and gold for investment or survival purposes. It's easy to fall prey to fast-talking sales people and radio, tv, and internet hustlers. Based on my personal buying experiences, and thousands of hours spent researching the topic, I can offer some easy and quick advice to avoid getting cheated out of your valuable precious metal funds.
1. Gainesville Coins www.gainesvillecoins.com
The National Inflation Association (NIA) http://inflation.us/ has rated this vendor number #1 for bullion sales. I've bought gold and silver American Eagles from them by wire at very competitive prices and received a flawless product promptly. Rick's Recommendation: Stick with the Gold and Silver American Eagle coins. Avoid foreign coins like the plague. Americans don't like foreign languages and the precious metal content isn't always indicated.
2. APMEX APMEX Gold and Silver
I like APMEX for their "junk silver" pre-1965 90% silver coin selection. Rick's Recommendation: Stock up on the 90% junk silver. Avoid the 40% clads, war nickels, and proof sets. Competitive prices and good products.
3. Ebay www.ebay.com
What can I say that hasn't already been said? You can get some deals here on junk silver and gold & silver bullion if you're willing to invest the time in locating auctions and being disciplined about your bidding. Make sure to check the seller's rating and look for 100% positive responses whenever possible. Rick's Recommendation: Use the Coinflation.com silver and gold calculator to determine how much you should bid on bullion and junk coins and stick to your guns.
BEWARE: Hyped companies like Goldline International www.goldline.com are targeted to those new to silver and gold purchasing, as well as those who fear another government gold confiscation as happened in 1933. Sales people encourage customers to buy foreign gold coins as "collector items" at prices that are substantially higher than other online competitors. All those radio, TV, and internet ads cost a bundle, and the company's pricing seems to reflect these inflated costs.
Rick's Recommendation: Steer clear of all foreign and collector's coins. They're just code words for spending a lot of money for less precious metal and/or coins that will be difficult to trade. The same thing goes for brilliant uncirculated BU coins, proof sets, first strikes etc. Unfortunately, the Goldline website seems to cater to all these questionable investments to the virtual exclusion of production gold and silver American Eagles.
Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and Silver American Eagles.
Rick
Note: I own gold and silver coins purchased from Gainesville, APMEX, and Ebay. My article is based on my purchasing experiences, and your mileage may vary. The bottom line is DO YOUR OWN RESEARCH AND DUE DILIGENCE BEFORE BUYING ANY GOLD AND SILVER! Do NOT just take my word, or the word of anyone else, as Gospel when making any investment decision.
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