Quote:
Originally Posted by Kulapops
The good thing about gold coin is that it is a highly portable form of wealth (silver not so much so). One oz is currently worth about $1100. and it doesn't rot either.. so if you have a place in mind, you could even bury it somewhere... and it would still be there unchanged, a thousand years later (unless someone sees you put it in the ground !)
P.S. A lot of companies have sprung up in the UK lately trying to get 'junk' gold off people for cash... jewellery etc... so there must be money to be made in buying it somewhere or they would not have appeared.
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Blessings Kulapops,
I heard Melody at Discount Gold and Silver say not to bury gold or silver (numismatics) anyway. The moisture is not good for graded coins even if it is in a sealed container. Melody also recommended not to buy graded silver dollars, because of the premiums (buy junk silver coins instead). Someone on this forum recommended hiding gold in the walls behind phony heat vents.
Bless you too sizzleplatter,
Those junk metals companies buying jewelry are not paying anywhere near spot. And they do not consider any diamonds in rings as value. They only pay for the metals price. They roam the flea markets and garage sales offering people low prices for their jewelry when there's a good chance you can sell it for more as jewelry. (Many times the Jewelry Design has a higher value than the metal price.) So yes, if you can buy jewelry like they do at those low prices it is a good way to store wealth. Keep in mind whether it is 8K 10K, 12K, 16K, 18, 21.6K, 22K 23K, 24K...prices being paid will vary. (see bottom of post for links to calculate gold value in jewelry).
You can find those junk metals dealers easily in your area on
http://upillar.com/ or
http://craigslist.org/. Or you may also find jewelry to buy on those sites too. Usually you look in your general area, that way you will be able to pick it up and see the product for yourself, rather than purchasing at ebay and not knowing if the coins are still graded properly and are free of discoloration (which lowers the value).
Here's a couple websites to calculate jewelry worth in relation to karats:
http://www.midstatesrecycling.com/karat_kalc
http://goldprice.org/buying-gold/200...crap-gold.html