No one should buy anything they don't understand.

It's her fault, not yours.

She could've at least told you about it before buying.

Eh shouldn't you be the one person who understands that these credit card gold thingies while having a higher price/g of metal can be more valuable than the metal price?
Apparently people are willing to pay a premium for cool packaging and more importantly division into smaller units.

We will all eventually play 50/100 limit or no limit due to hyperinflation. Hyperinflation is unavoidable and will bankrupt western governments in the next decade. Gold, silver, commodities and other notable precious metals will be the only safehaven.

If you do not believe me go to the National Inflation Association's website and watch all of the videos.

I don't have to watch the videos, I studied economics and any 101er would tell you:

Printing money=Weimar Republic Hyperinflation.

Now the super committee will be trying to figure out how many drops of pee before the stew is ruined...

http://finance.yahoo.com/news/Sales-...&asset=&ccode=

yeah, i guess you're right.

in the end, you're still paying $65+ for $55 worth of gold. try taking them to a coin shop and telling them the packaging adds a premium.

they're cool, for sure. i think at one point i had over 100g (couple 10g's, 5g's 2.5g's, etc.) and traded them up or down over the years.

so yeah, i get it. i'm just saying there's cheaper spots.

Go there if you wanna get scammed.

also, the coin shop i go to actually takes the grams (2.5/5/10 etc) out of the packaging. i have a 10-gram credit suisse ingot in a cardboard coin flap right now. i've told him he probably shouldn't take the ingots out of the package, but he always does.

gold down $0.40...

To expound upon this a bit, the site is run by Jonathan Lebed, notorious pump and dump scammer, and George4Title, another shady character. The website is the classic combination of good information peppered with bad stock suggestions to execute the pump and dump Lebed is famous for. http://en.wikipedia.org/wiki/Jonathan_Lebed

For the recent posters asking why people want small denominations of gold, the answer is because they are easier to unload because of their greater liquidity. The only place a 10-ounce gold bar can reasonably be unloaded these days is a coin shop, and even they may turn you down. If they do choose to take it, they will also pay you well below spot because they know they can. A 1/10 oz gold coin, however, can be sold in a wide variety of ways and for much closer to spot because of its easy re-sale value.

And I do greatly appreciate the advice sir.

I think I'll quit buying the 1 gram bars, and just save up and buy 5 gram bars like you suggest.

Thanks.

Are coin shops the places to go to buy closest to spot?

I'd save for small known coins like sovereigns (or half sovereigns), 5 and 10 mexican pesos, Napoleons, Vrenelli, 20 German Marks, etc. They have an small overspot and at the same time they have some numismatic value (in the long run they become more valuable than if they were bars or nuggets).

I know zero about this company, just like you. It took me two minutes to google: scam + company name. I hope your Mom gets her money back.

yeah for sure.

Boss wants me to take him to the coin shop I frequent to buy teh goldz. I feel like this is an intrusion into my personal life, but can't really say that.

I play on stars, I buy the etf's, all in my underwear...

Worlds are colliding!

if he knows enough to ask you, it's probably okay to take him. right?

If you didn't feel comfortable taking him to the coin shop you probably shouldn't tell him you go there yourself imo. Although I agree it's probably out of place for him to ask you to take him.

in before boro's boss holds up coin store; frames boro

Borodog can you take me there?

Also, can I stay at your place for a while? I need some place to stay while visiting the coin shop.

buddy of mine asked me to take him.

it's intimidating your first time walking in, you don't wanna overpay, you wanna find the good deals, etc. and if you can walk in with a friend who knows the owner, the ins and outs, etc. it makes it much, much easier.

he called a couple times asking pretty general questions, and i told him he should go to dave's coin shop. he asked if i would go with him. he didn't need to say why, i know it's hard the first time.

now he's good to go.

Not sure why (or if) this is directed at me. Personally, if you're in the group "people I'd discuss gold with" then you're automatically in the group "people I'd happily take to the coin shop" as well.

I wouldn't want my boss tagging along when I go have lunch, either.