| View previous topic :: View next topic |
| Author |
Message |
Reggie
Joined: 21 Sep 2009
|
 Posted: Sun Nov 20, 2011 5:02 am Post subject: |
 |
|
| If you buy online and have it shipped to an address in the same state as the seller, you have to pay state taxes. But there are no taxes on interstate purchases. |
|
| Back to top |
|
 |
Adventurer
Joined: 28 Jan 2006
|
| Posted: Sun Nov 20, 2011 5:32 am Post subject: |
|
|
| Reggie wrote: |
| If you buy online and have it shipped to an address in the same state as the seller, you have to pay state taxes. But there are no taxes on interstate purchases. |
I am in Korea now. I guess I'll have to go into Seoul and get some silver bars. I can make small purchases now. I could get a few ounces at a time, I suppose. I wish I could find something in Gwangju. |
|
| Back to top |
|
|
Reggie
Joined: 21 Sep 2009
|
| Posted: Sun Nov 20, 2011 5:45 am Post subject: |
|
|
| I might go to Jongo next weekend and see what all is there. I'll let you know what silver I see and at what prices. |
|
| Back to top |
|
|
Adventurer
Joined: 28 Jan 2006
|
| Posted: Mon Nov 21, 2011 7:07 am Post subject: |
|
|
| Reggie wrote: |
| I might go to Jongo next weekend and see what all is there. I'll let you know what silver I see and at what prices. |
I read somewhere that you can buy a kilogram of silver. I don't have that much cash on me. I could have that at some point without a problem. We'll see. I would buy the stuff on-line, but I am concerned about Korean taxes. Only if I get a good price off ebay is it worth it. |
|
| Back to top |
|
|
lowpo
Joined: 01 Mar 2007
|
| Posted: Wed Nov 23, 2011 7:13 pm Post subject: |
|
|
| Reggie wrote: |
I bought it online with a credit card and had it shipped to a relative in the USA. I had to pay $21 in shipping on a $650 purchase, but no tax.
I don't want to buy silver locally in Korea because it's too bulky. Gold or platinum is better because they're less bulky. Although I prefer bars to coins, I'd like to buy coins in Korea so they'll blend in with my loose change when I'm at the airport. Platinum especially blends in well visually since it's a white metal. Bars might draw attention during the x-ray. Even if I carry less than $10,000, I still don't want to have to answer a bunch of questions about it. I'd rather just put it in the bowl with my Korean and American coins with my watch and wallet laying on top, send them through the x-ray scan, shove them back into my pocket at the other end, and rock on. |
Where do you buy in Korea? It took awhile, but I found some places to buy
silver in China. |
|
| Back to top |
|
|
Adventurer
Joined: 28 Jan 2006
|
| Posted: Wed Nov 23, 2011 8:40 pm Post subject: |
|
|
| I am going to see about going to Seoul sometime soon. But, I would like to know if I can buy say less than a kilo. I just want to buy some like several ounces worth. |
|
| Back to top |
|
|
ThingsComeAround
Joined: 07 Nov 2008
|
| Posted: Wed Nov 23, 2011 10:11 pm Post subject: |
|
|
@Reggie
Never trust the guy in a white suit |
|
| Back to top |
|
|
madhusudan
Joined: 30 Jan 2006
|
|
| Back to top |
|
|
Reggie
Joined: 21 Sep 2009
|
| Posted: Sat Nov 26, 2011 11:33 pm Post subject: |
|
|
Yesterday, I went to the gold shops along the sidewalk at Jongno 3-ga. I left a little disappointed at the variety of coin bullion options, but was happy about the small square bars. Anyway, what I saw can be summed up as follows:
Gold:
The first few places wanted to sell me gold keys which I wasn't interested in. Other places were trying to pimp out turtles. Yawn. After the first few shops, I started to think I had made a trip up there for nothing.
Then, I ran into some stores selling gold ingots and also thick little gold squares. The ingots in most of the stores were manufactured by kumsise.com. The squares were made by different producers. I noticed some were stamped in Korean by Samsung. The ingot bars and little square bars all came in two weights: 18.75 g and 37.5 g. I saw one very shiny gold UBS kilo bar. It was phucking sweet. It made me envy some of you lifers who have that kind of money in Korean banks and can ride up there and buy it if the price is right (I didn't ask). I saw a large, beat up bar that was stamped by an Asian manufacturer. It looked like it was maybe 750 g or so.
Unlike silver, the gold prices varied widely from store to store.
Silver:
Everything I saw was 100 gram, 300 gram, and kilo bars. The 300 gram bars were 430,000 won at all locations. So there's basically a 20% premium. The 100 and 300 gram versions were the classic trapezoid shaped bars (which I like). The 300 gram ones were stamped with KSE along with .999 Fine Silver. The 100 gram bars were identical but didn't have the manufacturer stamped on them. The kilo bars that I saw looked like they were homemade and handstamped. |
|
| Back to top |
|
|
Adventurer
Joined: 28 Jan 2006
|
| Posted: Sat Feb 25, 2012 6:21 am Post subject: |
|
|
| Reggie wrote: |
Yesterday, I went to the gold shops along the sidewalk at Jongno 3-ga. I left a little disappointed at the variety of coin bullion options, but was happy about the small square bars. Anyway, what I saw can be summed up as follows:
Gold:
The first few places wanted to sell me gold keys which I wasn't interested in. Other places were trying to pimp out turtles. Yawn. After the first few shops, I started to think I had made a trip up there for nothing.
Then, I ran into some stores selling gold ingots and also thick little gold squares. The ingots in most of the stores were manufactured by kumsise.com. The squares were made by different producers. I noticed some were stamped in Korean by Samsung. The ingot bars and little square bars all came in two weights: 18.75 g and 37.5 g. I saw one very shiny gold UBS kilo bar. It was phucking sweet. It made me envy some of you lifers who have that kind of money in Korean banks and can ride up there and buy it if the price is right (I didn't ask). I saw a large, beat up bar that was stamped by an Asian manufacturer. It looked like it was maybe 750 g or so.
Unlike silver, the gold prices varied widely from store to store.
Silver:
Everything I saw was 100 gram, 300 gram, and kilo bars. The 300 gram bars were 430,000 won at all locations. So there's basically a 20% premium. The 100 and 300 gram versions were the classic trapezoid shaped bars (which I like). The 300 gram ones were stamped with KSE along with .999 Fine Silver. The 100 gram bars were identical but didn't have the manufacturer stamped on them. The kilo bars that I saw looked like they were homemade and handstamped. |
I didn't see that the 100 gram silver bar had a KSE stamp, but it did have 99.99 Fine Silver, and it had the words silver on the back. You're right. The kilo bar I saw looked very nice. I didn't buy one. A person with me did. I will probably buy a 300 gram bar next time I visit.
Thanks, Reggie. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
