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THE SECRET WEBSITE
THAT LETS YOU (LEGALLY) BUY
GOLD CHEAPER THAN ALMOST
ANYWHERE ELSE IN THE U.S.
BY E.B. TUCKER, EDITOR, THE CASEY REPORT
LETS YOU (LEGALLY) BUY GOLD CHEAPER
THE SECRET WEBSITE THAT
THAN ALMOST ANYWHERE ELSE IN THE U.S.
T
oday, I’m going to tell you about an incredible
opportunity…One no investor who has ever
bought gold coins (or thought about buying gold
coins) will want to pass up…
You see, the big problem with buying gold coins is the
dealer premiums. Many will charge you $100 an ounce
over the price of gold. These premiums kill you.
But I’ve found a way to get gold coins for as low as $19.95
over the current price of gold.
South African
Krugerrand, 1 oz.
Canadian
Maple Leaf, 1 oz.
American
Eagle, 1 oz.
Austrian
Philharmonic, 1 oz.
Florida-based Gainesville Coins recently created a private
page just for Casey Research subscribers.
Lots of us in the office have bought gold from the
company online and through their phone brokers. They
ship nationwide via registered mail. The service is great,
the coins are cheap, and the delivery is quick.
And because we’re not being paid to recommend them,
they’ve agreed to offer substantially discounted prices on
gold and silver coins. The page for Casey readers offers
lower prices than even the company’s primary website.
Here is your private link to the special members-only
gold website.
Please keep this link private. This special pricing is only
available to Casey Research subscribers. No one else will
have access to this special webpage.
Now that I’ve told you the cheapest way to buy gold coins
I’ve ever found, let’s go over which kinds of coins you
should buy.
WHAT KIND OF GOLD SHOULD YOU BUY?
We recommend buying government minted coins, which
make gold easy to recognize and safe to trade. But not all
government minted coins are good to own.
If you’re just starting out, stick with these four common
coins:
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Coin dealers usually pay sellers the current price of
gold for these coins. Buyers (you) can typically get them
from a dealer for $50–$100 per ounce over the current
price of gold. But the prices for these coins at the private
Gainesville Coins link are as low as $19.95 over the
current price of gold.
Each of the coins listed above are immediately
recognizable almost anywhere in the world. Pull a 1
ounce South African Krugerrand out of your pocket
in any major city and you can turn it into local cash in
minutes. You’ll also get that day’s gold price with little
negotiating.
If you try the same transaction with a less common coin,
like a Chinese Gold Panda, it might take the dealer time
to verify its size and weight. Worse yet, he might try to
lowball you since his customers aren’t familiar with the
coin.
WHAT ABOUT NUMISMATICS?
If you’re just starting out, we recommend avoiding
collectable coins, also known as numismatics.
LETS YOU (LEGALLY) BUY GOLD CHEAPER
THE SECRET WEBSITE THAT
THAN ALMOST ANYWHERE ELSE IN THE U.S.
These coins, made of gold, are encased in plastic by a
ratings agency. The rating agency assesses the condition
and authenticity of each coin, then seals it in a plastic
case. A watermarked seal on the plastic case displays the
company’s ratings.
The rarer the coin and the better condition it’s in, the
more valuable it is. Think of it like two Mickey Mantle
rookie baseball cards. One that has been in a bank
vault protected by a plastic case since the 1950s is more
valuable than one that’s been stuffed behind the credit
cards in your wallet.
Here’s the trouble with numismatic rated coins: you must
pay significantly more for them than regular coins. You’re
getting the same amount of gold, but numismatics cost
more because of their collectible value. For example, a
1908 St. Gaudens 1 ounce gold coin rated MS 63 (a good,
but not great, rating) currently sells for $400 over the
current price of gold. Compare that to the $19.95 over
the price of gold you could get for some of the coins on
the Gainesville website.
And sometimes, the price of gold goes down, like it did
from 2011 to 2015. When gold prices fall, premiums on
collectible coins often collapse. If the price of gold falls
20%, the price of a collectible coin might fall 25%–30%.
Prices of common gold coins, on the other hand, move
dollar for dollar with the price of gold. If the price of gold
falls 20%, common gold coins get 20% cheaper.
So if you pay extra for a collectible coin, it’s likely to lose
value faster than a regular coin during a period of falling
gold prices.
Given that our main reason for owning gold is to keep
our money safe, it doesn’t make sense to speculate with
collectables unless you’re a seasoned purchaser.
SHOULD YOU WORRY ABOUT COUNTERFEIT GOLD?
The four common gold coins we recommend—South
African Krugerrand, Canadian Maple Leaf, American
Eagle, and Austrian Philharmonic—are rarely
counterfeited.
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Source: Kitco.com
Generally, common gold coins aren’t worth faking.
Con men prefer to fake higher value gold products like
collectible coins and gold bars.
Fraud is much more common in the rare and collectible
coin market. Sometimes the coins turn out to be fake.
Or if the gold is real, sometimes the rarity rating is not.
Unlike the market for common gold coins, the collectible
coin market is hazy enough to give thieves and con men
cover.
Large gold bars can also be fake. Above is a gold bar that
criminals drilled out and filled with tungsten, a substance
that is around the same weight as gold.
10-ounce gold bars are a common size to begin worrying
about counterfeiting. Kilogram bars (35.3 oz.) also carry
risk.
Buying from reputable dealers eliminates some of this
risk. Buying a gold bar with a refinery certificate, like
from Swiss company PAMP, also lowers the odds of
fakes. But the best way to avoid counterfeit gold coins is
to buy common ones like the ones we recommend above.
HOW TO BUY GOLD WITHOUT THE GOVERNMENT
TRACKING YOU
Unfortunately, the U.S. government is making it harder
for Americans to buy gold.
LETS YOU (LEGALLY) BUY GOLD CHEAPER
THE SECRET WEBSITE THAT
THAN ALMOST ANYWHERE ELSE IN THE U.S.
As I explained in the June issue of The Casey Report, the
government wants to keep all U.S. money in the banking
system. There, it can be traced, tracked, and most
importantly…taxed.
That’s why we’re seeing more and more laws that make
it harder to buy gold…and easier for the government to
track—and confiscate—your gold.
The last time the government confiscated gold was
during the Great Depression. In 1933, President
Roosevelt outlawed owning most forms of gold. He
claimed that people “hoarding” gold were making the
Great Depression worse. The penalty for not turning
your gold in to the government was a $10,000 fine and 10
years in jail.
Of course, Roosevelt gave his closest supporters notice
before issuing the ban. They had time to move their gold
to another country. Most folks weren’t that lucky.
This time around, the confiscation will be digital.
Most people own gold through a fund like Sprott Physical
Gold Trust (PHYS) or Central Fund of Canada (CEF).
The former will give you physical gold in exchange for
your shares, once a month, if you own enough shares.
The latter won’t give you the physical gold.
Because this gold is owned through a brokerage account,
it will be easy for the government to confiscate.
What about physical gold? If you bought it from a dealer
and paid with a wire transfer, the banking regulators have
plenty of documentation. They’ll likely let you keep the
gold. But it will be illegal to trade. If you don’t obey, you’ll
be subject to a 99% tax on its value.
But there’s one way to buy gold so the government can’t
track you. I’ve been doing it for years. You can do it, too.
It’s buying at a locally owned jewelry store. These stores
get a few common gold coins in every week. If you know
what you’re looking for, it’s a great way to buy gold with
cash.
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You’ll likely pay a little bit extra buying gold coins with
cash at the jewelry store. You’ll definitely pay more than
you would at your private link to Gainesville Coins.
There’s no need to buy all your gold with cash. But if
you’re worried about the government knowing every
detail about all the gold you own, consider buying at
least a bit of gold with cash at your local jewelry store.
However, the window of opportunity is closing quickly.
In fact, I went to buy gold recently…and saw this new
sign above.
It says, “CASH transactions are limited to $6,000 within a
48 hour period.”
$6,000 seems like an arbitrary number. And 48 hours
seems even more contrived. This is a sign of the times.
Governments are cracking down on cash. They want to
know every detail of your financial life. They want to
know what you buy and what you sell.
The $6,000 limit will soon be $1,000. The local jewelry
shop is the last place you can buy gold without the
government tracking you. Take advantage of it while you
can.
LETS YOU (LEGALLY) BUY GOLD CHEAPER
THE SECRET WEBSITE THAT
THAN ALMOST ANYWHERE ELSE IN THE U.S.
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