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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: y2kate who wrote (31276)3/19/2008 2:50:37 AM
From: RJA_  Read Replies (1) | Respond to of 218142
 
I have not sold (except for paper gold) for many many years.

I expect my dealer will buy, because he can re sell to his supplier, or to someone local wanting to buy. He will generally make a small spread on the transaction (difference between buy and sell).

To sell to me he must buy from someone else. He cant print it.

I would guess CA has a sales tax... but not all states that do, levy it on gold coins. Call a local dealer and see. Check several, find out who gives best price.

I have heard these guys are good, but have never used them:

tulving.com

However they are in CA so, they will probably levy sales tax, unless you have some family out of state who can buy for you...

Last time I sold (excepting paper gold) was many many years ago... that dealer is not around any more... but selling was no problem.

Gold is a world wide market. In Hong Kong, the local banks buy and sell. Some in Canada too (I think Scotia bank is one).

Gold can have some big market swings, even on the way up. See the historical charts on Kitco for the 1972 - 1980 period. You have to be able to accept the downs with the ups... with equanimity. Easier said than done.

Gold has a 5000 year history as money. It was around long before western civilization... and is most likely to be around long after same... unless money for some reason is no longer needed.

Gold was illegal to own other than as rare coins in the US from approx 1932 to the early 1970's.

Disclaimer: Do your own due diligence. I am not responsible for your trading decisions.