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bullion vault

57loaded57loaded Posts: 4,967 ✭✭✭
in Precious Metals
this seems pretty good?

i haven't explored any more than registering and linking a bank account today.

yet it would appear a way to accumulate near spot as well as selling, again i haven't "done the math" as far as commisions, fees, etc.

the dog (Cairn Terrier, think Toto) needs to get her meal (first things first)

Comments

  • garsmithgarsmith Posts: 5,894 ✭✭
    Are you buying the gold or just a piece of paper that says you have gold out there smoewhere?
  • gecko109gecko109 Posts: 8,231 ✭
    From the quick read I just did, it seems that you MUST store your gold in 1 of 3 locations that they have. There is no mention of taking physical delivery. STEER CLEAR!!!!
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    Maybe I'm old fashioned, but if I can't touch it - I don't own it!

    Stack'em High!

    John
    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
  • PerryHallPerryHall Posts: 46,085 ✭✭✭✭✭


    << <i>Maybe I'm old fashioned, but if I can't touch it - I don't own it! >>



    Yup. Take physical possession or risk getting scammed.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • 57loaded57loaded Posts: 4,967 ✭✭✭
    but you do "own" the gold and you trade it there, i see it as a much better concept than the Kitco pools.

    i see it as a way trade the physical at paper + prices, trading means buying and selling. also getting some hands on experience in TRADING that i won't lose my shirt.

    yes you do not take physical delivery EVER, but you are NOT buying and selling paper, nor can you short sell.

    Armageddon is a few years down the road anyway, so why not play with some of the ups and downs this year and make (try to) some $$ while we are in a recession....(IMHO)



  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>yes you do not take physical delivery EVER, but you are NOT buying and selling paper >>




    Hmmm, I fail to understand. Then just what is it you ARE buying?

    Looks like you are just buying a seat at a paper table to me. Betting on the spot price and I'm sure they have to collect fees as well.

    They have your money, you have a promise.

    Pass.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • ashelandasheland Posts: 23,175 ✭✭✭✭✭


    << <i>Maybe I'm old fashioned, but if I can't touch it - I don't own it!

    Stack'em High!

    John >>



    image

    My YouTube Channel

  • JulioJulio Posts: 2,501 ✭
    Run Forest run. jws
    image
  • ttownttown Posts: 4,472 ✭✭✭
    Not me, have you seen the fraud out there? Do they actually have it? You'll never know until they charge them with fraud just like the investors that lost 50 billion in the stock market with share they were told they owned
  • metallbarrenmetallbarren Posts: 135
    Why not just buy gold in the US and store it at a depository?
    Dillon Gage Metals
    Twitter
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>Why not just buy gold in the US and store it at a depository? >>



    i have a small SDB with gold in it 22kt and 24kt US mintage. some pre 1933, mostly gold eagles and spouse coins and buffalo's

    i wanted to buy more gold but not at $150 over spot for 24kt buffalo's...i was looking at trading the ups and downs...seen on the COMEX site, but via bullion vault.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    If you're going to sit at an unverified stakes table why not just do it with the ETF's or a major broker with minimal fees (TRowe Price, Schwab, Vanguard, Fidelity, etc.). Fwiw Barclay's seems close to going under and they are they are a handler for the silver ETF (SLV). The ETF's claim to have the physical metal as well yet you trade paper at futures' prices. I don't see how bullion vault is any different. If the balloon goes up suddenly I would not expect to see companies handling bullion for clients to hang around very long.

    If you want to speculate locally on physical gold there are no doubt dealers who would prefer to work with you (at a slight markup to wholesale) rather than sell to regional buyers and never see that gold again. Rather than 10% premiums you should be able to find something in the 3-5% premium range over what your buyer pays. But if your intent is to play the swings, why not with GLD or some of the other gold funds?

    Nothing beats real gold under your own control.

    roadrunner

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • JohnpJohnp Posts: 336
    If you don't have the gold in your hand I would not fool with it.
    image
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>If you're going to sit at an unverified stakes table why not just do it with the ETF's or a major broker with minimal fees (TRowe Price, Schwab, Vanguard, Fidelity, etc.). Fwiw Barclay's seems close to going under and they are they are a handler for the silver ETF (SLV).
    The ETF's claim to have the physical metal as well yet you trade paper at futures' prices. I don't see how bullion vault is any difference. If the balloon goes up suddenly I would not expect to see companies handling bullion for clients to hang around very long.

    If you want to speculate locally on physical gold there are no doubt dealers who would prefer to work with you (at a slight markup to wholesale) than to sell to regional buyers and never see that gold again. Rather than 10% premiums you should be able to find something in the 3-5% premium range over what your buyer pays. But if you're intent is to play the swings, why not with GLD or some of the other gold funds.

    roadrunner >>



    thanks everyone...the point has been made and made convincingly(sp) well. i appreciate all your input. also the PM's i received, too all of you have said the same thing on this topic.
    image
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