What is involved in gold buying?
Renaldo asked:
Say I wanted to purchase 20 million dollars worth of bullion shipped to my own location, how would I go about doing that?
I mean where do you get the gold?
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Say I wanted to purchase 20 million dollars worth of bullion shipped to my own location, how would I go about doing that?
I mean where do you get the gold?
December 21st, 2009 at 8:23 am
Well considering thats well over one ton of gold I would first suggest having a vault ready to house it. Then I would think about hiring Blackwater for protection. vinny_says_relax
December 22nd, 2009 at 4:14 pm
with great difficulty. The big problem would seem to be the settlement. You would have to get the seller the cash and at the same time get the bullion signed over to you. I am sure there is a way to do it as the ECB have just sold 400 tonnes (to China & India?). The easier way would be to leave the gold where it is. All the gold bars are numbered and the owners logged, so ownership could change but the gold would stay where it is (slightly safer) raysor
December 23rd, 2009 at 8:24 pm
There are several ways,
You can pay a broker to buy it for you, but they’d charge you for the transaction.
If your buying $20-mil worth of gold, you could probably work a direct deal with a gold miner,
Or several online sites offer the service,,, drive_55_not