Best Deal right now on Gold

Discussion of the Gold portion of the Permanent Portfolio

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SomeDude
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Re: Best Deal right now on Gold

Post by SomeDude » Sun Jan 10, 2021 12:40 pm

As of right now this is what I see as the deals for PHYSICAL gold (is there any other kind? lol).

Best Gold Eagle deal = 2021 Gold Eagle 1 oz for $1,939 (4.4% over spot) from https://www.bgasc.com/product/2021-amer ... ID=1016390

Best fractional gold deal = 0.242 oz US commemorative coin for $464 (3.4% over spot) from https://bullionexchanges.com/us-mint-go ... prices.com

Cheapest quality gold (that isn't a large amount) = 1 oz Royal Canadian bar for $1,907 (2.7% over spot) from https://boldpreciousmetals.com/product/ ... prices.com

Best overall = The gold Eagle up top in my opinion

What did I just order = 2021 1 oz Britannia for $1,914 (3.1% over spot) from https://www.bgasc.com/product/2021-gold ... ID=1016390

I was going to get a 2021 Britannia anyway. I think it's the best sovereign bullion coin in the work right now for beauty and security. It's not as liquid as the AGE and it will sell for less someday I'm sure, but I'll save 25 bucks today and enjoy it.

FWIW - I have purchased from all the of these companies and trust them fully. There were some other items in close competition but I would never recommend a company I hadn't already bought from.
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Re: Best Deal right now on Gold

Post by ppnewbie » Sun Jan 10, 2021 1:01 pm

What’s your take on the security of echecks? I am concerned about adding bank account (echeck) info for several different dealers. Most of the research I’ve done on echeck security seemed to say it is low risk. But...I don’t usually believe what I read unless I verify a few times over.
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Re: Best Deal right now on Gold

Post by SomeDude » Sun Jan 10, 2021 1:16 pm

ppnewbie wrote:
Sun Jan 10, 2021 1:01 pm
What’s your take on the security of echecks? I am concerned about adding bank account (echeck) info for several different dealers. Most of the research I’ve done on echeck security seemed to say it is low risk. But...I don’t usually believe what I read unless I verify a few times over.
I use it for convenience and don't worry about it. I keep very little in my checking, never more than 10k. When it gets close to 10k I'm always buying more gold!

It's much faster. But i would say don't do it you're worried, just expect 5-10 more biz days before you get your gold.
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Re: Best Deal right now on Gold

Post by tomfoolery » Sun Jan 10, 2021 11:26 pm

ppnewbie wrote:
Sun Jan 10, 2021 1:01 pm
What’s your take on the security of echecks? I am concerned about adding bank account (echeck) info for several different dealers. Most of the research I’ve done on echeck security seemed to say it is low risk. But...I don’t usually believe what I read unless I verify a few times over.
I'd suggest using separate dedicated checking accounts. For example, have four checking accounts at different institutions:

ACCOUNT 1) Main account given to your employer/clients for payroll

ACCOUNT 2) Account used to pay bills like Mortgage/Rent, Credit Cards, Utilities, etc

ACCOUNT 3) Account used for eChecks for bullion

ACCOUNT 4) Backup account, not used, but transfer $1 in every 6 months from another account to avoid account closure or fees from inactivity.

The money gets put into ACCOUNT 1 from your employment and you can move it to your brokerage/retirement account for contributions, or move however much you need into Account 2 to pay bills, or move however much you need to Account 3 to buy gold online.

This way if your ACCOUNT 3 bullion echeck account gets compromised, they cant take any money because you transferred only exactly how much you needed for the single transaction there. And it also won't impact your mortgage.

And Account 4 is in case ACCOUNT 1 gets hacked, which is linked to accounts 2 and 3. Then you can update your job to direct deposit to Account 4 and/or deposit physical cash into account 4 to pay bills as needed until you can deal with the fraud going on with the other accounts, and reset those account numbers.

I recommend if you only have one checking account, to get the other accounts set up while simultaneously taking advantage of new account opening bonuses of a few hundred dollars each that pop up from time to time.
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Re: Best Deal right now on Gold

Post by ppnewbie » Wed Jan 13, 2021 1:37 am

Just purchased an Eagle proof set (1oz, 1/2oz, 1/4oz, 1/10oz) at 6% over spot. Think I did OK on it. I love proofs because they are extra shiny and you can take take the coins out of the capsules. Got them from my local dealer.
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Re: Best Deal right now on Gold

Post by ppnewbie » Wed Jan 13, 2021 1:41 am

@tomfoolery - thanks for the advice. I’ll probably end up creating a simplified version of that system.
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Re: Best Deal right now on Gold

Post by SomeDude » Wed Jan 13, 2021 3:20 pm

ppnewbie wrote:
Wed Jan 13, 2021 1:37 am
Just purchased an Eagle proof set (1oz, 1/2oz, 1/4oz, 1/10oz) at 6% over spot. Think I did OK on it. I love proofs because they are extra shiny and you can take take the coins out of the capsules. Got them from my local dealer.
Very nice!

They are usually priced good when bundled like this. Also very good to get from an LCS you can have a relationship with.
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Re: Best Deal right now on Gold

Post by SomeDude » Sat Jan 16, 2021 11:25 am

Best Gold Eagle deal = random year Gold Eagle 1 oz for $1,941 (5.8% over spot) from https://bullionexchanges.com/1-oz-ameri ... prices.com

Best fractional gold deal = 0.242 oz US commemorative coin for $455 (2.5% over spot) from https://sdbullion.com/5-us-commemorativ ... prices.com

Cheapest quality gold (that isn't a large amount) = 1 oz sovereign gold coin random design $1,883 (2.6% over spot) from https://sdbullion.com/random-1-oz-gold- ... prices.com

Best overall = The random 1 oz sovereign coin. It will probably never fetch as much on resale but saves you $58 today and free shipping.

FWIW - I have purchased from all the of these companies and trust them fully.

Bonus best silver deal - 10oz bars for $261 (4.9% over spot) from https://silvergoldbull.com/10oz-pure-si ... 430a24060c
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Re: Best Deal right now on Gold

Post by SomeDude » Sun Jan 24, 2021 10:44 am

Best Gold Eagle deal = 2021 Gold Eagle 1 oz for $1,965 (5.4% over spot) from https://shareasale.com/r.cfm?b=585446&m ... %2FQ%3D%3D

Best fractional gold deal = 10 gram random bar for $619 (3.3% over spot) from https://sdbullion.com/10-gram-gold-bar? ... prices.com

Cheapest quality gold (that isn't a large amount) = 1 oz random design bar for $1,912 (2.6% over spot) from https://silvergoldbull.com/1oz-gold-bar ... f80a240614

Best overall = The random 1 oz bar. It will never fetch as much on resale as the Eagle but saves you $53 today.

FWIW - I have purchased from all the of these companies and trust them fully.

Bonus best silver deal - 10 oz bars for $273 (6.4% over spot) from https://silvergoldbull.com/10oz-pure-si ... 430a24060c
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Re: Best Deal right now on Gold

Post by ppnewbie » Sun Jan 24, 2021 1:45 pm

Thanks! This is very helpful.
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Re: Best Deal right now on Gold

Post by dualstow » Sun Jan 24, 2021 4:05 pm

SomeDude wrote:
Sun Jan 24, 2021 10:44 am
Best Gold Eagle deal = 2021 Gold Eagle 1 oz for $1,965 (5.4% over spot) from https://shareasale.com/r.cfm?b=585446&m ... %2FQ%3D%3D
...


I haven't read this whole thread, but I was wondering if you have used Bold personally? Anyone else?
I found them mentioned in this silver thread when I was googling why Apmex prices are almost always higher.
https://www.reddit.com/r/Silverbugs/com ... expensive/

Bold, e.g. / 2021 American Gold Eagle 1.24.21 5pmEST \
https://boldpreciousmetals.com/product/ ... bu-type-1/

Also, does sd metals stand for SomeDude metals?
The annual inflation rate for the United States is 1.4% for the 12 months ended January 2021
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Re: Best Deal right now on Gold

Post by SomeDude » Sun Jan 24, 2021 4:35 pm

I have bought from Bold. No on the SD, i wish though!
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Re: Best Deal right now on Gold

Post by ppnewbie » Tue Jan 26, 2021 8:31 pm

SomeDude wrote:
Sun Jan 24, 2021 4:35 pm
I have bought from Bold. No on the SD, i wish though!
Silver Doctors I believe. They have a great podcast of the same name and also an offshoot podcast called Rethinking The Dollar. It's a little cooky. I am big fan of both.
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Re: Best Deal right now on Gold

Post by dualstow » Wed Jan 27, 2021 7:47 am

Interesting, thank you. I’ll have to check that out.
The annual inflation rate for the United States is 1.4% for the 12 months ended January 2021
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Re: Best Deal right now on Gold

Post by SomeDude » Sat Jan 30, 2021 9:35 am

Best Gold Eagle deal = 2021 Gold Eagle 1 oz for $1,941 (4.6% over spot) from https://www.bgasc.com/product/2021-amer ... ID=1016390

Best fractional gold deal = 10 gram random bar for $616 (3.35% over spot) from https://sdbullion.com/10-gram-gold-bar? ... prices.com

Cheapest quality gold (that isn't a large amount) = 1 oz random design bar for $1,904 (2.65% over spot) from https://silvergoldbull.com/1oz-gold-bar ... xOfDB8WXww

Best overall = The Eagle. You only save $35 buying the random gold bar. I'm certain you'll always be able to sell the Eagle for $35 more regardless of what the price of gold does. The Gold Eagle is the most liquid gold product probably world wide so it should be the first considered unless there's a really incredible deal out there that beats it. Not this week.

FWIW - I have purchased from all the of these companies and trust them fully.

Bonus best silver deal - 1 kilo bars for $928 (6.5% over spot) from https://boldpreciousmetals.com/product/ ... prices.com
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Re: Best Deal right now on Gold

Post by ppnewbie » Sat Jan 30, 2021 3:29 pm

Thanks - this is very helpful. It always nudges me to buy more metals.
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Re: Best Deal right now on Gold

Post by whatchamacallit » Sat Jan 30, 2021 3:49 pm

Any other good deals on Silver?

That last one is already sold out
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Re: Best Deal right now on Gold

Post by SomeDude » Sat Jan 30, 2021 6:33 pm

whatchamacallit wrote:
Sat Jan 30, 2021 3:49 pm
Any other good deals on Silver?

That last one is already sold out
https://monumentmetals.com/2020-south-a ... nd-bu.html

That is not bad at all for krugerrands.

They always have a high premium. This is less than 10% which is the lowest I've ever seen.

If you're willing to plunk down 2k for junk silver or 2.8k for 100oz bars you can cut the premium in half.

*** i am seeing silver bullion getting sold out all over the place. The reddit crowd is scooping it up. Love it. Guys buy physical, get to your LCS. It feels like a big move is coming.
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Re: Best Deal right now on Gold

Post by ppnewbie » Sat Jan 30, 2021 8:46 pm

I noticed your silver posting was out of stock! Let’s see if the Wall Street Bets crowd drive up the price. Been watching it closely and It has not moved that much yet.

Also I wonder if it will be hard to cash in on physical silver during a clear market manipulation. You will need a dealer willing to buy from you. Which they may be hesitant to do unless they know they have a willing buyer waiting.
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Re: Best Deal right now on Gold

Post by SomeDude » Sun Jan 31, 2021 1:50 am

ppnewbie wrote:
Sat Jan 30, 2021 8:46 pm
I noticed your silver posting was out of stock! Let’s see if the Wall Street Bets crowd drive up the price. Been watching it closely and It has not moved that much yet.

Also I wonder if it will be hard to cash in on physical silver during a clear market manipulation. You will need a dealer willing to buy from you. Which they may be hesitant to do unless they know they have a willing buyer waiting.
Depending on the type of silver they can also send it to refineries to be melted and used for industry. It will go for less than spot most likely if they're doing that.

ASE's carry no liquidity risk i think. You should ALWAYS get spot or higher for them.

There is history in 1980 and 2011 when this happened. I've read about it. Might look it up tomorrow.

Yup the deals keep selling out and now I'm seeing some dealers say they won't take orders until global markets open on Sunday. I never saw that before.
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Re: Best Deal right now on Gold

Post by SomeDude » Sun Jan 31, 2021 5:15 am

I have checked the online silver deals every day for years. I have never seen anything like this before.

Everything is disappearing.

The only things you can buy have high premiums and most dealers aren't accepting new orders.

This will be fun to watch.
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Re: Best Deal right now on Gold

Post by Kriegsspiel » Sun Jan 31, 2021 6:36 am

I thought I was just tired and not thinking clearly last night when I was looking at silver bars. As I looked at each one, when I went back to the main silver pages they would be unavailable, just minutes later. Wild.
One horse can carry 125 kg on its back, but it can drag 2500 kg on a cart. If it pulls a barge along a river, it can drag 30,000 kg, 30 tonnes, and it can drag 50 tonnes if the weight is on a barge in quiet water, i.e., on a canal.
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Re: Best Deal right now on Gold

Post by ppnewbie » Mon Feb 01, 2021 1:23 am

Apmex sent a notice to customers. They said they saw 6x demand of a typical weekday and 12x demand for a typical weekend.
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Re: Best Deal right now on Gold

Post by SomeDude » Sun Feb 07, 2021 8:51 am

BRUTAL PREMIUMS THIS WEEK!!! Buyer beware. However, If we ever have a currency crisis or loss of confidence in paper gold and silver these premiums will be a joke.


Best Gold Eagle deal = Random Year 1 oz for $1,974 (8% over spot) from https://bullionexchanges.com/1-oz-ameri ... prices.com

Best fractional gold deal = .242 oz US commemorative coin for $461 (4.7% over spot) from https://bullionexchanges.com/us-mint-go ... prices.com

Cheapest quality gold (that isn't a large amount) = 1 oz random design bar for $1,896 (4.1% over spot) from https://monumentmetals.com/gold-bar-ran ... prices.com

Best overall = Tough call. If you've got 2 grand the random bar really ain't bad. Eagles are out for this .

FWIW - I have purchased from all the of these companies and trust them fully.

Bonus best silver deal - 1 oz random silver rounds for $31.54 (16.1% over spot) from https://monumentmetals.com/1-oz-999-sil ... prices.com


What am I buying this week? - Nothing. Bought 40 2-oz queen's beast silver GBP coins last week for $59.50. Feeling good about that, they're up about 15% this week if you can find them.
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Re: Best Deal right now on Gold

Post by Kriegsspiel » Sun Feb 07, 2021 9:36 am

SomeDude wrote:
Sun Feb 07, 2021 8:51 am
BRUTAL PREMIUMS THIS WEEK!!! Buyer beware. However, If we ever have a currency crisis or loss of confidence in paper gold and silver these premiums will be a joke.
Yup. Best to buy gold when it's cheaper.
Best Gold Eagle deal = Random Year 1 oz for $1,974 (8% over spot) from https://bullionexchanges.com/1-oz-ameri ... prices.com
FYI, if you are going to buy 4, you might want to buy them from Colorado Gold. Even with the <7 surcharge, 4 Eagles will come out to $1,973.29.

If you buy 7 they are $1,967.
One horse can carry 125 kg on its back, but it can drag 2500 kg on a cart. If it pulls a barge along a river, it can drag 30,000 kg, 30 tonnes, and it can drag 50 tonnes if the weight is on a barge in quiet water, i.e., on a canal.
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