HeyGoldComeHere
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Any suggestions as to how I can purchase gold and silver with the initial 10% or so loss? I'd love to hear ideas.
I'd like to purchase gold and silver without a loss
- Thread starter HeyGoldComeHere
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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
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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.
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.
mmerlinn
Ground Beetle
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
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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?
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?
Their website states:
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).
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).
mmerlinn
Ground Beetle
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.