November 7th, 2009 | 
Author: I want to buy gold coins at 7% over the spot market. Why is this so hard to do? Are there reasons this is discouraged or something?
I want to buy gold coins at 7% over the spot market. Why is this so hard to do? Are there reasons this is discouraged or something?
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try bulliondirect put a bid on gold bullion
The big banks sell paper contracts that Promise gold in the future , but there is more paper out there than all the gold that ever existed driving down the paper spot price but the real gold in small investment form is in short supply and the cost of the real thing is a lot higher
read this article I remember buying silver in 07 waited 3 months to get it .
the reason is the people selling them to you are trying to make some money too. if they buy a piece of gold for say $100.00 (market value for gold pretending) and sell it to you, they have to charge you $100.00 for the gold itself + shipping charges + retailer markup.
The higher the better for the seller. your best bet for buying gold is making friends with someone who is authorized to buy gold direct from the mines or a local pawnshop and/or jeweler. they often have old gold pieces or gold shavings they save up over the years.
When trying to get the lowest price possible, just remember – if it sounds too good to be true, it probably is. Just saying, there are frauds out there. Coins certified by Numismatic Guaranty Corporation (NGC) or Professional Coin Grading Service (PCGS) is the safest way to go.
If you are really interested at discounted rates then need to keep a watch on its listing by Govt,gazette announcement as well authorised custom Banks to deal in, or straight go to ebay for relatively fair deal.
There could be a shortage of stock.
The risk of holding stock at current (high) gold price.
Would you buy a stock of gold coins to sell on if your margins was 14%?
Check professional dealers, they may offer volume discount.
Try EBay.
DEAR CONTACT WITH BANKS THAY PROVIDE GOLD COINS AND THAY HAVE UP TO DATE RATES TOO