1. Welcome to Oklahoma Shooters Association! Join today, registration is easy!

    You can register using your Google, Facebook, or Twitter account, just click here.

Buying Gold/Silver - Do you do it?

Discussion in 'General Discussion' started by RustedBeef, May 16, 2018.

  1. RustedBeef

    RustedBeef Sharpshooter

    Messages:
    586
    Likes Received:
    166
    Joined:
    May 10, 2016
    Location:
    Stillwater
    Rating
    100%
    Does anyone know much about buying precious metals? I've been thinking about buying gold or silver lately in order to protect my money from inflation, but not been too sure about it. Is there a place you visit to buy gold/silver? Is it a mail order thing? Do you just hang on to it or do you purchase gold/silver stock instead? I have around 10k I'm saving for a down payment on a house in a couple years, so should I put all of it towards gold/silver or just around half or so?
     
  2. Uncle TK

    Uncle TK Sharpshooter

    Messages:
    194
    Likes Received:
    61
    Joined:
    Sep 12, 2013
    Location:
    Oklahoma City
    Buying Gold at Retail and then Selling it at wholesale, does not make you much money
     
  3. lasher

    lasher Sharpshooter

    Messages:
    1,407
    Likes Received:
    833
    Joined:
    Mar 2, 2016
    Location:
    oklahoma
    Rating
    100%
    i once owned a pawn shop, i bought lots of gold at 1/2 price and resold it for 98% of spot
     
    sedona and zghorner like this.
  4. MacFromOK

    MacFromOK Sharpshooter

    Messages:
    4,935
    Likes Received:
    3,567
    Joined:
    May 11, 2016
    Location:
    Southern Oklahoma
    Rating
    100%
  5. OKCHunter

    OKCHunter Sharpshooter

    Supporter
    Messages:
    2,261
    Likes Received:
    772
    Joined:
    Aug 7, 2009
    Location:
    Edmond
    Rating
    100%
    I bought some gold and silver coins through an introductory price, one time. It was hard to find a buyer to turn it back into cash, especially at a minor profit. The only reason for my profit was that I bought at the introductory price. The stocks / certificates might be more liquid than physical coins / bars. The only metal I'm buying in the future is lead - much easier to turn back into cash.
     
  6. rivers666

    rivers666 Sharpshooter

    Messages:
    403
    Likes Received:
    1
    Joined:
    Nov 2, 2008
    Location:
    clinton
    Rating
    100%
    I buy gold and silver at the "coin and gold exchange", its a small shop on north may, they have a decent selection of coins and gold and silver bullion. the prices are pretty good, the last time I was in there, about a week ago, their prices were better than what I found on ebay. he charges a little over spot price and usually buys for a little under spot price. of course silver and gold prices go up and down so there is where you make or lose your money. their number is 405-753-4473 and jon is the main guy to deal with
     
    RustedBeef likes this.
  7. MCVetSteve

    MCVetSteve Sharpshooter

    Messages:
    920
    Likes Received:
    230
    Joined:
    Apr 21, 2014
    Location:
    Moore, OK
    Apmex.com
     
    rc508pir likes this.
  8. lasher

    lasher Sharpshooter

    Messages:
    1,407
    Likes Received:
    833
    Joined:
    Mar 2, 2016
    Location:
    oklahoma
    Rating
    100%
    if SHTF the man who owns a warehouse full of toilet paper will be KING of all he surveys
     
    shotty, D. Hargrove, Okie4570 and 3 others like this.
  9. Mack45

    Mack45 Sharpshooter

    Messages:
    3,468
    Likes Received:
    179
    Joined:
    Jun 14, 2005
    Location:
    Northeast Oklahoma
    Might check out kitco.com too. They sell gold,silver, coins and bullion.
     
  10. CHenry

    CHenry Sharpshooter

    Messages:
    10,579
    Likes Received:
    1,552
    Joined:
    Feb 12, 2009
    Location:
    Mustang, OK
    Rating
    100%
    "A fool and his money will soon part ways".
     

Share This Page