selling gold

[daty]

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

this is similar to those I have​

 

[Bear669]

Good point

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

I was right. Fort Knox is second to New York. But Fort Knox now has a Tim Horton's: http://www.canada.com/news/Hortons+strikes+gold+opens+Fort+Knox/2095941/story.html

Anyway, back on topic, there's a great article on gold in the Star a couple of months ago, and that the value is near it's last peak in the latest cycle, so be careful thinking it's going to keep rising. http://www.thestar.com/comment/article/694615

But whether Fort Knox or NYC- the supposed US Government bullion isnt (?) there.

 

[danmand]

this is similar to those I have​

Scotiabank (actually a subsidiary called Scotia Mocatta) has a desk in the
basement of the scotia building, where they buy and sell precius metal bars.

Be aware that most times the money to you will be delayed a few days,
as many bars have to be essayed before settlement.

 

[wangbang]

The US gold supplies haven't been audited in many, many, many years.

Of greater concern, the gold and silver ETF's refuse to have basic audits as well leading to doubts that they hold much physical gold.

A delivery default crisis is coming soon which will make physical gold king.

Here is a classic video about what most people know about gold:

http://www.youtube.com/SchiffReport#p/a/f/1/Gk5aRIz17fk

 

[Capoeira]

Here is a classic video about what most people know about gold:

http://www.youtube.com/SchiffReport#p/a/f/1/Gk5aRIz17fk

In all fairness, even though I know the value of an ounce of gold, I probably would not entertain an offer from some random guy off the street. My first instinct would be "This guy is wants to know if I have $50 in my pocket, so he can rob me." I wouldn't be surprised if most of the ppl in the video were thinking the same.

 

[GDLLover]

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.
Historically, gold is only used for HIGH value projects (i.e. NASA)

There is simply isnt enough platinum for use as money (and IT is needed for industry), and silver is just to bulky (and it tarnishes).

I'm sorry I have to dissagree, all other materials have an undesireable characteristic. Take a look at an household receptacle for sale in walmat, you will notice the contacts are gold plated. This is an example of a very low tech item, literally all electronics extensively uses gold.

 

[Bear669]

Yup, I have NOT kept up with techno!

I'm sorry I have to dissagree, all other materials have an undesireable characteristic. Take a look at an household receptacle for sale in Walmart, you will notice the contacts are gold plated. This is an example of a very low tech item, literally all electronics extensively uses gold.

For those who want to learn:

http://www.gold.org/

Looks like all industrial is about 10% of demand in recent years, and by far the largest of that segment is electronics.

thx GDL

 

[fuji]

Sounds like you sold your gold at $250.

I never trade commodities.

 

[danmand]

I never trade commodities.

Don't you know that "Gold is money"?

 

[OddSox]

I never trade commodities.

LOL - I wouldn't either if I had sold Gold at $250!

 

[Meister]

Gold is an emotional purchase.

The people who predict an imminent financial collapse and panic everybody into buying gold are the ones who are sitting on a ton of gold they want to unload.