Do you remember the old saying, “There’s Gold In Them Thar’ Hills?” The new saying should be, “There’s Gold In Them Thar’ Houses.”
What I’m referring to is gold items that are owned by private individuals who are selling it today at a record pace.
If you are a gold investor this great news because you can buy gold from the public at prices well below spot. In fact, based on the competition in your geographical area, you can pretty much name your buying price.
It is not uncommon to buy scrap gold at prices below 50% of spot.
Simply get the word out that you buy gold for investment and before you know it your phone will be ringing off the hook.
Now here is how you can end up owning your investment gold for free.
Once you buy several ounces of scrap gold you simply sell it to a refinery. Take half in cash and the other half in gold bullion, bars or coins. Any refinery will pay you in bullion if you request it.
Since you only paid 50% of value for the whole lot, your cash covers your whole investment. The result, your investment gold was acquired for nothing, free!
This will definitely remove any fear of loss if the price of gold happens to take a huge drop.
Your other option, of course, is to buy from a dealer. If that is your preference you have to be cautious because most of the Gold Dealers are really ripping people off today. Many are adding a 20% to 30% premium to the spot price. In fact, some are tacking on as high as 50%.
There are some very reputable dealers that are only charging a 2% premium on bullion bars, and one in particular is Golden Eagle Coins in Laurel Maryland. They have been in the business for over 40 years and are one of the good ones.
So there you have two options to get investment gold. Buy and sell to get it free or the next best option buy at a low premium.