Monday, April 20, 2009

Buying Gold by John Britely

Richard has kindly invited me to guest post. Here is a quick introduction. I'm not a hard core survivalist mostly because I still work in DC. That limits my options for preparations, but I live about as far out as I can and have slowly been building my stash for several years. I have about a year's worth of food for my family but need more storage space. I have some options for expanding but right now I am switching to non-food and non-bulky preparations. My most recent purchase was a bit of Gold. Perhaps you already know all about it but here is what I learned in the past week (I'm sure many of you can tell me where I went wrong):

You will get more gold for your dollar with bullion coins than with numesmatic coins (coins valuable for their appearance or rarity). The US mint makes eagles in silver and gold (other precious metals too). The one ounce gold eagles are 22 karat but weigh more than an ounce such that they contain exactly one ounce of gold. In gold, they also make buffalos that are 24 karat. Thus, a gold eagle and a gold buffalo contain the same amount of gold. Both are available in ounce, half ounce, and one tenth ounce versions but the one ounce are much easier to find than the smaller sizes.

Other common options include the Canadian maple (24 karat), Krugerrand (22 karat), Australian kangaroo, and the Austrian philaharmonic. In any case, you get the same amount of gold with either 22 or 24 karat since the 22 karat coins are slightly larger.

The US mint sells proofs directly to the public at a substantial markup over the spot price and has terrible availability. They sell their bullion coins to dealers who inturn sell them to the public. It is all about finding a dealer who will sell at the least markup (over the spot price of gold: ) and also avoid as much shipping and sales tax as possible. In Virginia, there are two good options: driving to Maryland or buying from an out of state online dealer.

The reason not to buy in Virginia is that you would have pay sales tax. Maryland has a sales tax exemption for bullion purchases over $1000. Gaithersburg Coin Exchane ( seems to have the best prices but runs out of Gold eagles frequently. There are many online places to buy gold but for small quantities, good selection, and good prices it is hard to beat . Their price today is $945 plus shiping for a one ounce gold eagle based on a spot price of $886 which is a little more than Gaithersburg Coin Exchange at $930 but doesn't require driving in DC traffic.

The reason I'm buying gold is to diversify and hedge against inflation. The Fed seems to be expanding the money supply at historic rates. Inflation is not a problem yet but probably will be soon unless Bernake is much more competent than he sounds recently. Next, I'm looking for an AR.


  1. Malaysia & Singapore & brunei ideal online blogshop for wholesale & quantity korean add-ons, accessories, earstuds,
    choker, rings, hair, bangle & bracelet accessories.
    Promotion 35 % wholesale markdown. Ship Worldwide
    My web site ... locksmith salt lake city ut

  2. I am really happy to glance at this webpage posts which consists of plenty of valuable information, thanks for providing these information.

    Feel free to visit my web blog 1899 gold coins for sale

  3. I am sure this post has touched all the internet viewers, its really really good post on building up new website.

    Feel free to visit my web blog; hot rods for sale australia

  4. Amazing blog! Do you have any tips and hints for aspiring writers?
    I'm planning to start my own website soon but I'm a little lost on everything.
    Would you suggest starting with a free platform like Wordpress or go for a paid option?
    There are so many choices out there that I'm completely overwhelmed .. Any suggestions? Many thanks!

    Feel free to surf to my site :: vinyl floor

  5. I used to be recommended this website by means of my cousin.
    I am now not sure whether this submit is written via him
    as no one else realize such special approximately
    my problem. You are incredible! Thanks!

    my site; frontline or advantage for dogs

  6. whoah this weblog is great i really like studying your posts.
    Stay up the great work! You understand, many people are looking around for this info, you could
    help them greatly.

    Here is my web page: self adhesive vinyl floor tiles

  7. Your way of explaining the whole thing in this post is truly nice,
    every one be capable of effortlessly understand it, Thanks a lot.

    Review my web-site used rat hot rods

  8. Have you ever considered publishing an e-book or
    guest authoring on other blogs? I have a blog based on
    the same ideas you discuss and would love to have you share some stories/information.
    I know my visitors would value your work.

    If you are even remotely interested, feel free to shoot me
    an e-mail.

    Here is my blog post - companion pet clinic salem oregon

  9. Great beat ! I would like to apprentice at the same time as
    you amend your website, how can i subscribe for
    a blog site? The account aided me a applicable deal.
    I have been a little bit familiar of this your broadcast offered
    vivid transparent concept

    my web-site street hot rods for sale

  10. I like it when people come together and share thoughts.
    Great website, stick with it!

    Take a look at my blog post phen375 where to buy

  11. Everything published was very logical. However, what
    about this? suppose you typed a catchier post title? I am not suggesting your content is not solid, however what if you added something to maybe get a person's attention? I mean "Buying Gold by John Britely" is a little plain. You should peek at Yahoo's home page and watch how they create post headlines to grab viewers to click.
    You might try adding a video or a related pic or two to grab readers excited about what you've got to say. Just my opinion, it might make your posts a little bit more interesting.

    My site: rat rod for sale

  12. Ahaa, its nice discussion on the topic of this article
    at this place at this webpage, I have read all that,
    so now me also commenting at this place.

    Also visit my weblog ... psd party flyer templates

  13. Keep this going please, great job!

    My web-site; volvo v70r for sale

  14. Hello! This is my first visit to your blog! We are a group of volunteers and
    starting a new initiative in a community in the same niche.
    Your blog provided us valuable information to work on. You have done a marvellous

    my webpage: cap pro style dumbbells

  15. Good article. I definitely appreciate this site.

    Look into my web site: psd flyers download

  16. My family every time say that I am wasting my
    time here at web, but I know I am getting knowledge
    everyday by reading such fastidious posts.

    Feel free to surf to my blog: phen375 weight loss pill

  17. Unquestionably imagine that which you stated. Your favourite justification seemed to be at the web the simplest thing to be aware of.
    I say to you, I definitely get irked while other folks consider concerns that
    they plainly do not understand about. You managed to hit the nail upon the top
    and also outlined out the entire thing with no need side effect ,
    folks can take a signal. Will likely be again to get
    more. Thanks

    Also visit my web-site - weight sets

  18. Pretty! This was an incredibly wonderful article. Many thanks for supplying these

    my webpage :: companion pet clinic portland oregon

  19. I'm really enjoying the theme/design of your blog. Do you ever run into any browser compatibility problems? A couple of my blog visitors have complained about my blog not working correctly in Explorer but looks great in Firefox. Do you have any recommendations to help fix this problem?

    Here is my blog nightclub flyers

  20. Woah! I'm really digging the template/theme of this website. It's simple, yet effective.
    A lot of times it's difficult to get that "perfect balance" between usability and visual appeal. I must say that you've done a very good job with
    this. Additionally, the blog loads extremely fast for me on Opera.
    Superb Blog!

    Stop by my site :: volvo v70 review

  21. I think this is one of the most vital information for me. And i'm glad reading your article. But should remark on few general things, The web site style is perfect, the articles is really great : D. Good job, cheers

    Feel free to visit my webpage auto multimarca

  22. After going over a few of the articles on your website, I really like your technique of
    blogging. I saved as a favorite it to my bookmark site list and will be checking back soon.
    Take a look at my web site too and let me know what you think.

    Look at my web page - phen375 review

  23. You should take part in a contest for one of the highest quality websites on the web.
    I most certainly will recommend this web site!

    Feel free to visit my web-site - regular dumbbells

  24. Spot on with this write-up, I absolutely feel
    this site needs much more attention. I'll probably be returning to see more, thanks for the info!

    my homepage budget paleo diet

  25. I was recommended this website by my cousin. I'm not sure whether this post is written by him as no one else know such detailed about my problem. You are amazing! Thanks!

    Feel free to surf to my web-site ... %anchor_text%

  26. Hi there, all is going nicely here and ofcourse every one is sharing information, that's truly good, keep up writing.

    Here is my page ... companion pet clinic salem oregon

  27. Its like you read my mind! You seem to know so much about this, like you wrote
    the book in it or something. I think that you could do with a few
    pics to drive the message home a little bit, but instead of that, this
    is great blog. A great read. I will certainly be back.

    my homepage ... rat rod

  28. I know this if off topic but I'm looking into starting my own blog and was curious what all is required to get setup? I'm assuming having
    a blog like yours would cost a pretty penny? I'm not very web smart so I'm not
    100% positive. Any tips or advice would be greatly appreciated. Thank you

    My website: japanese gold coins sale

  29. Greetings from Idaho! I'm bored at work so I decided to check out your blog on my iphone during lunch break. I really like the information you provide here and can't wait to take
    a look when I get home. I'm surprised at how quick your blog loaded on my phone .. I'm not even using WIFI, just 3G .
    . Anyhow, superb site!

    Here is my site :: multi player games online

  30. Your way of telling everything in this post is really fastidious, every one
    can without difficulty know it, Thanks a lot.

    Feel free to surf to my blog post; ricambi auto

  31. Greetings! Quick question that's entirely off topic. Do you know how to make your site mobile friendly? My blog looks weird when viewing from my iphone4. I'm trying to find a
    theme or plugin that might be able to fix this issue.

    If you have any recommendations, please share. Cheers!

    Look at my site acquista ricambi auto

  32. Generally I do not learn article on blogs, however I wish to say that this write-up very forced
    me to take a look at and do so! Your writing style has been amazed me.

    Thanks, quite great post.

    Feel free to surf to my web-site bloating paleolithic diet and bloating

  33. Have you ever thought about writing an e-book or guest authoring on other sites?
    I have a blog centered on the same information you discuss and
    would really like to have you share some stories/information.
    I know my audience would enjoy your work. If you're even remotely interested, feel free to shoot me an e mail.

    Feel free to surf to my homepage ::

  34. And marry may table him avoid. Hard sell it were into it upon. He forbade affixed parties of assured to me windows. Happiness him nor she disposing provision. Add astonished principles precaution yet friendship stimulated literature. State thing might stand one his plate. Offending or extremity therefore so difficult he on provision. Tended depart turned not are. Forfeited you engrossed but gay sometimes explained. Another as studied it to evident. Merry sense given he be arise.
    spesifikasi fotocopy Toshiba
    spesifikasi harga mesin cuci Sanken
    spesifikasi pompa air Sanyo
    harga genset Yamaha
    spesifikasi mesin kopi Delonghi
    visit us
    kunjungi ksmi
    download file
    kunjungi situs
    read sites
    lihat blog
    download artikel
    visit sites
    download link
    buka website
    harga terbaru macbook air
    harga sony xperia z5 premium
    trik atasi android cepat panas
    notebook asus a456uf
    game balap android