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Anyone know where to buy Gold coins in Seoul?
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createasaurus21



Joined: 22 Feb 2009
Location: Seoul

PostPosted: Mon Nov 08, 2010 10:43 pm    Post subject: Anyone know where to buy Gold coins in Seoul? Reply with quote

I'm looking for the standard 1 oz. .999 pure gold coins from the U.S., Canada, China, Australia, etc.
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DeMayonnaise



Joined: 02 Nov 2008

PostPosted: Mon Nov 08, 2010 10:46 pm    Post subject: Reply with quote

Kim Glen Beck can probably hook you up. Call GolduhLinuh.
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createasaurus21



Joined: 22 Feb 2009
Location: Seoul

PostPosted: Tue Nov 09, 2010 12:09 am    Post subject: Reply with quote

disregard the post, i ended up ordering it online.

price of gold is going crazy, trade in your paper money folks ... if i took advice one year ago, I would have added +50% to my savings in 12 months not doing anything. and it is expected to go up 500�1,000% in the next two years as overinflated currencies continue to drop.

if i didn't procrastinate, just 5 months ago, i would have made a good 20% gain. it went up $16 just today on suspicion of anticipated actions in this week's G20, which is to go back to the gold standard.

simply said, buy a 1 oz gold coin or ten or how ever many you can afford, you can't go wrong, gold isn't go down in the long term.
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Skippy



Joined: 18 Jan 2003
Location: Daejeon

PostPosted: Tue Nov 09, 2010 2:23 am    Post subject: Reply with quote

You may also want to look into a GOLD account. A few of the banks have one. Search the forums.
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createasaurus21



Joined: 22 Feb 2009
Location: Seoul

PostPosted: Tue Nov 09, 2010 3:17 am    Post subject: Reply with quote

I don't trust those, I prefer to have the physical gold in my hands or in a safety deposit box. Besides, it's fun to have gold and silver coins and bullion bars, I feel like a pirate!
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cragesmure



Joined: 23 Oct 2010

PostPosted: Tue Nov 09, 2010 4:27 am    Post subject: Reply with quote

Do you mind where you got them online? I've been thinking about getting some gold/silver myself. Thanks
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machoman



Joined: 11 Jul 2007

PostPosted: Tue Nov 09, 2010 4:41 am    Post subject: Reply with quote

there's a leprechaun living in hongdae near geckos that offers gold coins.

sorry for the trolling post. but that's an interesting point u make. so yeah, do tell which site u used. and how can you verify it's authenticity?
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createasaurus21



Joined: 22 Feb 2009
Location: Seoul

PostPosted: Tue Nov 09, 2010 5:44 am    Post subject: Reply with quote

the site i used was: http://www.regalgoldcoins.com/gold-bullion.html

they have an A rating with the better business bureau in the states.

you can order with a credit card to "hold" the order, but you have to send a personal check, cashier's check or wire transfer within 48 hours.
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createasaurus21



Joined: 22 Feb 2009
Location: Seoul

PostPosted: Tue Nov 09, 2010 9:05 pm    Post subject: Reply with quote

... but regardless of their A rating, they will try and get you to buy old Swiss gold coins that they are trying to get rid of and will scare you into thinking that the us government (if you're american) may one day confiscate everyone's gold like they did earlier last century, and that the old swiss gold coins are non-confiscatable. i have no idea why they do this. their prices though are the best i've seen in my shallow online searches.
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diver



Joined: 16 Jun 2003

PostPosted: Tue Nov 09, 2010 9:14 pm    Post subject: Reply with quote

createasaurus21 wrote:
... but regardless of their A rating, they will try and get you to buy old Swiss gold coins that they are trying to get rid of and will scare you into thinking that the us government (if you're american) may one day confiscate everyone's gold like they did earlier last century, and that the old swiss gold coins are non-confiscatable. i have no idea why they do this. their prices though are the best i've seen in my shallow online searches.


So where is the gold then?
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geldedgoat



Joined: 05 Mar 2009

PostPosted: Wed Nov 10, 2010 9:09 pm    Post subject: Reply with quote

createasaurus21 wrote:
... but regardless of their A rating, they will try and get you to buy old Swiss gold coins that they are trying to get rid of and will scare you into thinking that the us government (if you're american) may one day confiscate everyone's gold like they did earlier last century, and that the old swiss gold coins are non-confiscatable.


Question What's the difference between the different gold coins besides weight and purity? Are coins of equivalent weights and purities priced differently because of their mint?
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DeMayonnaise



Joined: 02 Nov 2008

PostPosted: Wed Nov 10, 2010 9:55 pm    Post subject: Reply with quote

So what do you do when you're ready to sell, just call someone up and sell them? Seems like if the price of gold goes way up, nobody will want to buy it, right? (Obviously I'm missing something here). I guess to use the proper term, how good is gold's liquidity?
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jvalmer



Joined: 06 Jun 2003

PostPosted: Wed Nov 10, 2010 10:24 pm    Post subject: Reply with quote

DeMayonnaise wrote:
So what do you do when you're ready to sell, just call someone up and sell them? Seems like if the price of gold goes way up, nobody will want to buy it, right? (Obviously I'm missing something here). I guess to use the proper term, how good is gold's liquidity?

I've started to purchase some silver, since gold is pretty expensive now. I was wondering how liquid metals are too, will Jewelers give you close to spot price?
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Heli Mike



Joined: 26 May 2010

PostPosted: Wed Nov 10, 2010 11:10 pm    Post subject: Reply with quote

jvalmer wrote:
DeMayonnaise wrote:
So what do you do when you're ready to sell, just call someone up and sell them? Seems like if the price of gold goes way up, nobody will want to buy it, right? (Obviously I'm missing something here). I guess to use the proper term, how good is gold's liquidity?

I've started to purchase some silver, since gold is pretty expensive now. I was wondering how liquid metals are too, will Jewelers give you close to spot price?


Whenever I have purchased/sold silver generic rounds (coins) one troy oz .999 pure silver, I would typically purchase for about $1.50 over Spot and when selling, about $2-$3 under Spot. Any coin dealer in the states will purchase your coins in this fashion.
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jvalmer



Joined: 06 Jun 2003

PostPosted: Wed Nov 10, 2010 11:18 pm    Post subject: Reply with quote

Heli Mike wrote:
jvalmer wrote:
DeMayonnaise wrote:
So what do you do when you're ready to sell, just call someone up and sell them? Seems like if the price of gold goes way up, nobody will want to buy it, right? (Obviously I'm missing something here). I guess to use the proper term, how good is gold's liquidity?

I've started to purchase some silver, since gold is pretty expensive now. I was wondering how liquid metals are too, will Jewelers give you close to spot price?

Whenever I have purchased/sold silver generic rounds (coins) one troy oz .999 pure silver, I would typically purchase for about $1.50 over Spot and when selling, about $2-$3 under Spot. Any coin dealer in the states will purchase your coins in this fashion.

So what is the typical max amount a coin dealer would cash? A 10 oz bar? 100 oz?

What would be the best amount to buy? Currently I have and thinking about buying 1oz silver coins/bars. Maybe a few gold ones if I decide to commit some of my savings to a purchase.
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