This topic has come up with me a few times and I do have money saved up that I could spare but could someone more experienced in the matter care to tell me more about it? How does it work?
I could probably spare 1000$ canadian for the record.
You don't "save" gold or silver. You own it. Take your money to a place that sells junk coins (coins with no numismatic or collectible value, only the value of the metal they hold) and buy however much you can get. Put a tiny bit aside for a safe or a strong box of some kind.
Quote from: MrBogosity on May 02, 2011, 04:40:50 PM
You don't "save" gold or silver. You own it. Take your money to a place that sells junk coins (coins with no numismatic or collectible value, only the value of the metal they hold) and buy however much you can get. Put a tiny bit aside for a safe or a strong box of some kind.
Got any recommendations for a safe/strong box?
Quote from: MrBogosity on May 02, 2011, 04:40:50 PMYou don't "save" gold or silver. You own it. Take your money to a place that sells junk coins (coins with no numismatic or collectible value, only the value of the metal they hold) and buy however much you can get. Put a tiny bit aside for a safe or a strong box of some kind.
Cool. Any idea where to find places that sell coins like that? I have found places online that sell gold and silver, like http://www.monex.com/ What do you think of places like that?
Whatever you do, do not not NOT own gold or silver in a warehouse in the US. Keep it offshore or in your home.
The Obama Administration has even claimed the power to go into any bank safety deposit box if it hasn't been accessed in 3 years!
Best thing is to find somewhere local. You could try the jewelry stores for a start.
@Obama
Wah?? Never heard anything about that. I kept my stash at home as a matter of principal