Gold Buying Guide

hwijin asked:


now gold is like >1300 per ounce. if i buy gold for 1300 now and 5 yrs later it becomes 2000 and i sell, how much will i be ended up with after all those fees( buying fee, delivery fee, selling fee, etc) in typical gold company? do i end up getting at least 500? i’m just contemplating buying gold and doing some research( i’m thinking of goldline). Thanks.

<3333333 asked:


and is it smart to go sell it at a local gold buying store?
don’t send me stupid stuff like James did. I’m not retarded, I won’t click it, it’s obvious it has nothing to do with my question, and you just want people to click it, cus you get money for a lot of clicks, umm no i wasn’t born yesterday!

<3333333 asked:


and is it smart to go sell it at a local gold buying store?
don’t send me stupid stuff like James did. I’m not retarded, I won’t click it, it’s obvious it has nothing to do with my question, and you just want people to click it, cus you get money for a lot of clicks, umm no i wasn’t born yesterday!

sam asked:


More to the point: without taking a massive loss. Looks like to me that whenever you sell gold (barring an apocalypse) you lose. If you had bought it back in 2000 for $600/ounce and sold it now, you would only break even. Even though it’s hovering around $900 to buy it!

thundergravity asked:


Has anyone here every thought of it this way.

You would spend $1,000 on 2 pure gold coins each being one ounce.Then when you have it mailed it to you the gold coins you mail it to a place where they would cash the gold for you and you would end up $1,382.
Next with that money $1,382 you would multiply by 2 and you would get $2,764 and make an offer to buy 3 gold coins, in which with 3 gold coins you would get $2,073.Again multiply by 2 and you would get $4,146 and make an offer to buy 4 gold coins, then get cashed $2,764.
Next multiply by 2 and you would get $5,528 so you would make an offer to buy 5 gold coins and get $3,455 after having it cashed.

Again with the same step multiply $3,455 by 2 and you would get $6,910 so you would buy 7 gold coins and get $4,837.

$4,837 being multiplied by 2 you would get $9,674 and make an offer to buy 10 gold coins in which when after mailing those 10 gold coins you would get $6,910 times that by 2 and it would be $13,820.So there for you spend those $6,910 on 14 gold coins and get cashed $9,647.

Continue doing this process until you’ve reached at least $200,000 worth of gold.

Can anyone see what I’m tyring to eplain and get the picture?

If so would anyone of you do this?
& is it legal or would be perfectly fine with the person who sells gold coins?

scrvr asked:


Gold is about 915 USD an oz and what i am wondering is where in Toronto or area (I live 1 hour east of Toronto) I can buy gold or silver coins for around $915 an oz.

Thank you
Well silver i will pay 18 an ounce right now