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Posted

Best Gold Buying sites in USA:

Kitco.com
Apmex.com

Last month I have bought 2 gold bars from Apmex.

[b]Process of buying:[/b]

You buy the gold now with the current Live price and he will ask you to enter credit card details to lock the price for you.

After you check out within 1-2 days you can pay by:
1. Either personal check (that needs clearance of atleast 5-10 business days)
2. you can pay with the same credit card (but price will be 20-30 $ more)
3. you can initiate wire transfer (Banks charge you 25-45 dollars for that)

If you can wait it's better Personal check

[b]Types: Bars vs Coins vs Pool[/b]

Coins : You can buy coins from various Mint's (Canadian Royal Mint- Canadian Gold Maple Leaf, Perth Mint- Kangaroo, Panda etc). Generally the coins are expensive than Bars as the making of coins is laborious. Usually coins price will be over 50 to75$ over live price.general sizes of coins are 1 oz, 1/2 oz, 1/4 oz, 1/5 oz

[b]Note: Some mints have different weight tough they say 1 oz because the purity might be low so to make up for the purity they increase weight[/b]

Bars: You can buy bars of various sizes(1 oz, 5 oz, 10 oz, 100 grams) and the prices of bars usually be 20 - 30$ over live price.

Pool Account: This cheaper but the gold is not physical. You buy a share of the big pool of virtual gold same as the live price. This is usually for investors. You can always ask for the physical gold but they have some calculations and will give you deducting some money other wise you can just sell off and get money.

[b]Weight and purity:[/b]

[b]Generally in US gold is measured as troy ounce which is [/b][b]31.1034768 grams. [/b]

[b]Purity is calculated in multiples of 9.[/b]
[b]The purest form is 5 nines or 999999 or .999999 or 99.9999 which is rare[/b]
[b]another one 99999 usually the market carries this variant[/b]
[b]another one is 9999 but all these 9's are pure gold or in our language more purer than 24 carat (999).[/b]

[b]916 is 22 karat or 916 KDM[/b]

[b]Note: I am telling all these out of my pure experience in buying and observing gold.[/b]

Posted

[quote name='V r 1' timestamp='1351987005' post='1302739475']
Best Gold Buying sites in USA:

Kitco.com
Apmex.com

Last month I have bought 2 gold bars from Apmex.

[b]Process of buying:[/b]

You buy the gold now with the current Live price and he will ask you to enter credit card details to lock the price for you.

After you check out within 1-2 days you can pay by:
1. Either personal check (that needs clearance of atleast 5-10 business days)
2. you can pay with the same credit card (but price will be 20-30 $ more)
3. you can initiate wire transfer (Banks charge you 25-45 dollars for that)

If you can wait it's better Personal check

[b]Types: Bars vs Coins vs Pool[/b]

Coins : You can buy coins from various Mint's (Canadian Royal Mint- Canadian Gold Maple Leaf, Perth Mint- Kangaroo, Panda etc). Generally the coins are expensive than Bars as the making of coins is laborious. Usually coins price will be over 50 to75$ over live price.general sizes of coins are 1 oz, 1/2 oz, 1/4 oz, 1/5 oz

[b]Note: Some mints have different weight tough they say 1 oz because the purity might be low so to make up for the purity they increase weight[/b]

Bars: You can buy bars of various sizes(1 oz, 5 oz, 10 oz, 100 grams) and the prices of bars usually be 20 - 30$ over live price.

Pool Account: This cheaper but the gold is not physical. You buy a share of the big pool of virtual gold same as the live price. This is usually for investors. You can always ask for the physical gold but they have some calculations and will give you deducting some money other wise you can just sell off and get money.

[b]Weight and purity:[/b]

[b]Generally in US gold is measured as troy ounce which is [/b][b]31.1034768 grams. [/b]

[b]Purity is calculated in multiples of 9.[/b]
[b]The purest form is 5 nines or 999999 or .999999 or 99.9999 which is rare[/b]
[b]another one 99999 usually the market carries this variant[/b]
[b]another one is 9999 but all these 9's are pure gold or in our language more purer than 24 carat (999).[/b]

[b]916 is 22 karat or 916 KDM[/b]

[b]Note: I am telling all these out of my pure experience in buying and observing gold.[/b]
[/quote]

oka 1yr tarvata india teesukuveldaniki bar/coin/pool lo edi better?

Posted

[quote name='CQ5_DEV' timestamp='1351988582' post='1302739563']

oka 1yr tarvata india teesukuveldaniki bar/coin/pool lo edi better?
[/quote]

Invest chesi adhi perigithe adhi ammi malli konukkovachhu or else coins is better. one yr tharuvatha aiythe I would personally go for pool and then sell it and use that money to buy gold in India. I have some doubts about taking gold to India because mana vallu rules kante lancham meedha yekkuva depend avutharu kadha

Posted

[quote name='V r 1' timestamp='1351988756' post='1302739574']

Invest chesi adhi perigithe adhi ammi malli konukkovachhu or else coins is better. one yr tharuvatha aiythe I would personally go for pool and then sell it and use that money to buy gold in India. I have some doubts about taking gold to India because mana vallu rules kante lancham meedha yekkuva depend avutharu kadha
[/quote]

aa pool account lo konali ante ira account lantidi kada?
pool account taxable money aa? coins konte no tax kada..

Posted

[quote name='CQ5_DEV' timestamp='1351988894' post='1302739579']

aa pool account lo konali ante ira account lantidi kada?
pool account taxable money aa? coins konte no tax kada..
[/quote]
guess so but adhi depends how much you invest. andhuke investing option ani cheppanu adhi

Posted

[quote name='V r 1' timestamp='1351989040' post='1302739583']
guess so but adhi depends how much you invest. andhuke investing option ani cheppanu adhi
[/quote]

pool account lo allocated storage vs unallocated storage. which one is better?
also...please suggest some pool account offering institutions..

Posted

[quote name='CQ5_DEV' timestamp='1351989251' post='1302739587']

pool account lo allocated storage vs unallocated storage. which one is better?
also...please suggest some pool account offering institutions..
[/quote]

antha idea ledhu dheeni paina. but institution aiythe kitco.com

Posted

[quote name='V r 1' timestamp='1351989504' post='1302739596']

antha idea ledhu dheeni paina. but institution aiythe kitco.com
[/quote]

internet lo baaga risk ani rasaru gold pool accounts...
anyways thnx for the info :)

Posted

naak bracelet kavaali ani cheppadamey alasyam, ila thread vesaavaa uncle

Posted

[quote name='chittimallu4' timestamp='1351983477' post='1302739228']
yeah 1oz ane 28 + chillar grams
[/quote]1 oz = 31.1 gms

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