Where Is the best place to sell gold ... I have some fine gold wafers that I think I want to cash out any thoughts???
Thanks in advance
Thanks in advance
DO NOT sell gold, unlessI use Scotiabank.
http://www.scotiamocatta.com/products/faq.htm
My, ummm, very educated position on gold is that it is going a lot higher. The US dollar will have rallies but it is going lower. There is a current risk of a delivery crisis developing in gold as there is very little physical gold available. The gold market is shifting from paper trades to physical trades.
do they sell 24kt 999.99 gold bars and jewellery at Pacific Mall?if it's 24kt 999.99, go to Pac Mall...
They got a few jewellery stores in there that do. You can also find a few at First Markham Place.do they sell 24kt 999.99 gold bars and jewellery at Pacific Mall?
It's hard to find high karat gold jewellery here in North America.
Well, it depends what you mean by "available". Most of the worlds' gold is uselessly locked up in vaults waiting for the price of gold to rise. It's just a matter of collective opinion and sooner later all those owners could decide they don't want the gold any more.there is very little physical gold available
... about common agreement amongst us hallucinatin' humans.Well, it depends what you mean by "available". Most of the worlds' gold is uselessly locked up in vaults waiting for the price of gold to rise. It's just a matter of collective opinion and sooner later all those owners could decide they don't want the gold any more.
There are very few physical USES for gold, at least, relative to the absolutely enormous supply of the stuff.
I have no claim that it's going up or going down, just pointing out that the price of gold represents a collective hallucination more than anything else. That being said, there is no evidence the hallucination is going to end any time soon.
Gold is extensively used for plating in the electronics industry. The reason it is used is it has the characteristics of high conductance and at the same time resists oxidation. The most common use is Card Edge Connectors on PCBs and all electrical/electronic connectors....
There are very few physical USES for gold, at least, relative to the absolutely enormous supply of the stuff.
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Yes, and it is used to make jewellry as well. However those uses of gold consume only a very tiny, tiny, tiny fraction of the supply of gold.Gold is extensively used for plating in the electronics industry.
I have not kept up to date with techno, but while gold is VERY good for the uses you describe, there are others things that work almost as well and cheaper.Gold is extensively used for plating in the electronics industry. The reason it is used is it has the characteristics of high conductance and at the same time resists oxidation. The most common use is Card Edge Connectors on PCBs and all electrical/electronic connectors.
Jewelry is actually a very small portion of usage.
Eventually when the gold is needed for industry, IMHO the gold reserves will probably be replaced by Silver or Platinum.
.. A Very Wise Guru blogged that if you read the fine print in the US Government Annual Reports, you find some weasel words that imply the gold is NOT in Fort Knox anymore.http://en.wikipedia.org/wiki/Official_gold_reserves
U.S. 8000 tonnes, followed by Germany with 3000.
Ha ha ha.....Canada's got 3 tonnes.
I think total production world wide annually is a few hundred tonnes.
Most privately held gold is in India in jewellry where it is a a traditional store of wealth.
Just on the general topic of gold what kind of a deal do you get from these on line places advertising on T.V. ? You send in your old gold which they melt down. Usually not pure i.e. 14 or 18 karat. What % of the current spot price do you get?
Most of it isn't. I think their biggest depositary is actually the Reserve in New York. I read that somewhere. Wait, I'll Google it: http://www.waymarking.com/waymarks/WM5PEH_United_States_Gold_Depository_Fort_Knox_Kentucky.. A Very Wise Guru blogged that if you read the fine print in the US Government Annual Reports, you find some weasel words that imply the gold is NOT in Fort Knox anymore.
We keep our reserves in the ground. Every now and then we make a fortune digging the stuff up and selling it to fools who think it is worth something. Apparently the fools in the USA bought 8000 tons of the stuff and now have no idea what to do with it all.Ha ha ha.....Canada's got 3 tonnes.
The old joke among gold bugs (like me) is:.. A Very Wise Guru blogged that if you read the fine print in the US Government Annual Reports, you find some weasel words that imply the gold is NOT in Fort Knox anymore.
Sounds like you sold your gold at $250.We keep our reserves in the ground. Every now and then we make a fortune digging the stuff up and selling it to fools who think it is worth something. Apparently the fools in the USA bought 8000 tons of the stuff and now have no idea what to do with it all.
Strangely they still want more... and we're happy to keep selling it so long as the idiots are buying!