I'd like to purchase gold and silver without a loss

HeyGoldComeHere · 04-26-2017, 01:40 PM

Any suggestions as to how I can purchase gold and silver with the initial 10% or so loss? I'd love to hear ideas.

**PMBug** · 04-27-2017, 07:18 AM

You can try buying it on the Comex and taking physical delivery or buying directly from a refinery. I've never done it, but that's how the big boys (banks, private refineries, jewelry industry) do it.

HeyGoldComeHere · 04-27-2017, 02:15 PM

Thank you for the feedback and suggestion.

I've also heard about UPMA (The United Precious Metals Association), a gold and silver repository in Utah and heard about them, but wanted to know if anyone has had experience with them.

rblong2us · 04-27-2017, 04:33 PM

Bullionvault ?

https://www.bullionvault.com/help/tariff.html

mmerlinn · 04-29-2017, 04:43 PM

No matter where you buy ANYTHING, you will ALWAYS take some sort of a 'loss.' Why? SOMEONE HAS TO FEED THE SELLER'S KIDS, and it is ALWAYS the buyer.

HeyGoldComeHere · 05-02-2017, 03:12 PM

UPMA says they charge no buy-spread because, since they are a member organization, the members essentially buy and sell to each other so there is no "loss" in the purchase.

Has anyone heard of that or tried purchasing from them?

**PMBug** · 05-03-2017, 07:40 AM

Their website states:

Quote :

...
Gold and Silver Rates

... Redemptions and exchanges are all processed at one exchange rate set each business day based on the London Bullion Market Association (LBMA) fix. This rate based on the spot price of 400-ounce good delivery gold bars is then subject to a coinage premium‐currently 5.8% for gold‐to arrive at UPMA's™ daily rate. The daily rate for silver coin is calculated in a similar fashion. These coinage premiums are subject to change at any time due to supply ebbs and flows. ...

They don't charge a "spread fee" for converting FRNs to their gold dollars and back, but their daily conversion rate could still impose a premium for converting FRNs to gold dollars. They also charge monthly vaulting fees and various other potential fess (see "Fee Schedule" section of their resources page).

Christian · 01-17-2018, 02:52 PM

Investing in gold and silver does not represent a loss. Have you heard of cryptosilver?

mmerlinn · 02-17-2018, 11:16 AM

Originally Posted by Christian

:

Investing in gold and silver does not represent a loss. Have you heard of cryptosilver?

Apparently you did not read the OPs question or if you did, you did not understand what you read. Further, it appears that you are not cognizant of what the OP is referring to.

Or maybe your post is just spam where you posted garbage for the sole purpose of upping your post count.

04-26-2017, 01:40 PM	#1
HeyGoldComeHere n00b Join Date: Apr 2017 Posts: 4 Liked: 0 times	I'd like to purchase gold and silver without a loss Any suggestions as to how I can purchase gold and silver with the initial 10% or so loss? I'd love to hear ideas.

04-27-2017, 07:18 AM	#2
PMBug Golden Cockroach Join Date: Oct 2011 Location: In Scrooge McDuck's vault Posts: 7,055 Liked: 2451 times	You can try buying it on the Comex and taking physical delivery or buying directly from a refinery. I've never done it, but that's how the big boys (banks, private refineries, jewelry industry) do it. __________________ The journey of a thousand miles begins with a single step. - Lao Tzu Important stuff: PMBug 101 * Forum Guidelines * Support PMBug

04-27-2017, 02:15 PM	#3
HeyGoldComeHere n00b Join Date: Apr 2017 Posts: 4 Liked: 0 times	Has anyone heard of UPMA? Thank you for the feedback and suggestion. I've also heard about UPMA (The United Precious Metals Association), a gold and silver repository in Utah and heard about them, but wanted to know if anyone has had experience with them.

04-27-2017, 04:33 PM	#4
rblong2us Yellow Jacket Join Date: Nov 2011 Location: off world Posts: 1,982 Liked: 877 times	Bullionvault ? https://www.bullionvault.com/help/tariff.html __________________ if it cant be done with a digger .... it cant be done

04-29-2017, 04:43 PM	#5
mmerlinn Ground Beetle Join Date: Oct 2011 Location: Here, There, and Everywhere Posts: 633 Liked: 388 times	No matter where you buy ANYTHING, you will ALWAYS take some sort of a 'loss.' Why? SOMEONE HAS TO FEED THE SELLER'S KIDS, and it is ALWAYS the buyer. rblong2us and m14addict like this. __________________ If you keep doing what you are doing, You will keep getting what you are getting. If you don't like what you are getting, You must change what you are doing. http://mmerlinn.com GOLD is the money of KINGS. SILVER is the money of GENTLEMEN. BARTER is the money of PEASANTS. DEBT is the money of SLAVES. - Norm Franz

05-02-2017, 03:12 PM	#6
HeyGoldComeHere n00b Join Date: Apr 2017 Posts: 4 Liked: 0 times	UPMA claims a no buy-sell spread UPMA says they charge no buy-spread because, since they are a member organization, the members essentially buy and sell to each other so there is no "loss" in the purchase. Has anyone heard of that or tried purchasing from them?

01-17-2018, 02:52 PM	#8
Christian Fly on the wall Join Date: Jan 2018 Posts: 32 Liked: 0 times	Investing in gold and silver does not represent a loss. Have you heard of cryptosilver?

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