Best way/place to sell gold bullion....Eagles, etc.
2manycoins2fewfunds
Posts: 3,039 ✭✭✭
What/where is best way to sell gold bullion in form of Am. Eagles, and selected other countries gold??
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Comments
<< <i>A FAIR local shop. No fees or postage. >>
I agree....
and don't forget to give the folks on the BST a chance.
Too many positive BST transactions with too many members to list.
Large bullion dealers make it easy also. Tulving (amongst many good dealers) has listed buy / sell prices on their site.
<< <i>A FAIR local shop. No fees or postage. >>
But how many "fair" local shops are there? I get the impression that margins on bullion have been going up.
Do you really want to have your money tied up in something that depends on the good will of a coin dealer for its liquidity and value?
I have bought and sold to CNI. They are quick and have great prices on both ends of the deal.
I knew it would happen.
<< <i>
<< <i>A FAIR local shop. No fees or postage.
>>
But how many "fair" local shops are there? I get the impression that margins on bullion have been going up.
Do you really want to have your money tied up in something that depends on the good will of a coin dealer for its liquidity and value?
>>
Great points 291 - I have always wondered the value of hoarding gold and silver when it is so illiquid. By that I mean, a seller either has to make his / her own market or be at the mercy of a few coin or pawn shops in town. What kind of security is that? What kind of liquidity is that?
Tyler
That's why the exchange traded funds SLV and GLD are popular, among others.
Kitco
Although, I've never sold my gold or silver holdings. I'm still holding. Enjoy the ride!
Best regards.
Meet my first little guy, Benjamin. Born 4/8/2007
Pic taken at 2.5 years of age.