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- - Gold bullion below spot? (http://goldismoney.info/forums/showthread.php?t=288526)

D Train | 08-02-2008 08:33 PM
Gold bullion below spot? I dont know whether I've just gotten lucky recently, but in this past week, I've managed to source 12.5 oz of bullion at or below spot. In one instance, I picked up 2 one-ounce Krugs at spot. In another instance, I got two fractional (1/4 oz) Krugs at the equivalent of $880. And in yet another instance, I got 10 ounces of Canadian Maples at $880. I'm having such good luck, I'm sort of inclined to try bypassing my coin dealer entirely. (And I have a good deal at spot +7 on Krugs, with him willing to fix over the phone). Question: if you guys have been successful at buying gold away from dealers, what types of deals are you getting? Oh yeah, first post. Hello.

RatHoler | 08-02-2008 08:37 PM
Re: Gold bullion below spot? Welcome to GIM. Where did you secure those Maple Leafs at for $880? :applause_

Twisted Avatar | 08-02-2008 08:43 PM
Re: Gold bullion below spot? If you are on a roll like you are....... why mess up a good thing?? Dubble down and go hog wild!! T

Twisted Avatar | 08-02-2008 08:45 PM
Re: Gold bullion below spot? Oh,yeah Welcome to GIM......... you are among good friends. T

pec2008 | 08-03-2008 11:28 AM
Re: Gold bullion below spot? Always good to buy below spot and it is surprisingly easy to do on a regular basis for little effort. My latest purchase (cost me $1000) http://img390.imageshack.us/img390/3167/img2302abs9.jpg

Noble | 08-03-2008 11:34 AM
Re: Gold bullion below spot? Quote:
Originally Posted by pec2008 (Post 1221194) Always good to buy below spot and it is surprisingly easy to do on a regular basis for little effort. My latest purchase (cost me $1000) http://img390.imageshack.us/img390/3167/img2302abs9.jpg
Coin porn and lovin' it!

pec2008 | 08-03-2008 11:49 AM
Re: Gold bullion below spot? The coin is not in the best condition as the seller used to where it as a medallion round his neck until he put it in the jewelery drawer where it has resided for the past 20 years. At the end of the day it is a 1.2 oz chunk of gold at the equivalent of $833/oz.

citizenkane | 08-03-2008 12:20 PM
Re: Gold bullion below spot? about 4 years ago I learned a hard lesson. gold can be counterfieted. I found a nice deal on ebay....numinastic coin, unslabbed and reasonably priced. grabbed it and sent it into pcgs.... came back unslabbed as a counterfiet. find a way to test the gold you buy before you pay for it and for that matter after reading that chinese article find a way to test the silver coins too.

pec2008 | 08-03-2008 01:26 PM
Re: Gold bullion below spot? In my photo you`ll notice the black thing it is sitting in. That is a fisch tester and I would recommend that any bullion bargain hunters buy a set.

amadeus | 08-03-2008 01:27 PM
Re: Gold bullion below spot? I always bypass dealers...just last week I picked up a $20 St Gaudens for $825 locally... thank you craigslist :)

Alquimia | 08-03-2008 06:09 PM
Re: Gold bullion below spot? Quote:
Originally Posted by pec2008 (Post 1221194) Always good to buy below spot and it is surprisingly easy to do on a regular basis for little effort. My latest purchase (cost me $1000) http://img390.imageshack.us/img390/3167/img2302abs9.jpg
Beautiful Photo, I just bought the same coin for $1000 too! Forgive me, I may be showing my Naivet�, but if the coin is 1.2057oz of 90% gold (1.08 oz of gold) didn't we pay about $925/oz? I like your number better, please tell me your right and I'm wrong.

tampa78 | 08-03-2008 10:40 PM
Re: Gold bullion below spot? It is 1.2057 pure gold. It also says it is 37.5 grams of pure gold which is 1.2057 :) The 1.2057 ounces of 90% means that 90% of the coin consists of 1.2057 gold while the remaing 10% is probably copper or something. You did well

107.8682 | 08-04-2008 01:38 AM
Re: Gold bullion below spot? Quote:
Originally Posted by amadeus (Post 1221306) I always bypass dealers...just last week I picked up a $20 St Gaudens for $825 locally... thank you craigslist :)
What's wrong with it? That's over $60 under spot.

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