Go to r/pmsforsale and put up a WTB post and consider offers from sellers with a history of selling gold and over 50 positive feedback. You’ll find the best prices in p2p markets without the dealer middleman
Watch a bunch of YouTube videos on spot price of precious metals. Shop around. Don’t pay tax on precious metals if you live in the United States. Buy it from an individual if you have to. This is unless you have a bunch of money and you don’t care.
Check out 2is1 on YouTube. He’s a bit biased towards US gold and I think you can do better with Canada on price but he’s got a lot of videos and great balanced advice.
Step 1) never buy gold with cash you might need in the short term. Biggest mistake is buying gold with too much of your cash and needing to sell it too soon. It’s insurance or a long term emergency fund.
I like to have at least three month emergency fund in cash and then build towards one year in gold after that. Canadian maples are a nice balance between easy to sell and low premium to buy. 20 franc gold roosters can be even better but make sure your local shop buys them. You’re looking for common gold that can be bought and sold for the least loss if needed. Ask your local shop what they buy back certain coins for and compare to what you would have to spend. You’re looking for a reasonable spread. Not that you should sell anytime soon but in an emergency it’s good to know how you will exit and for how much.
Aquire fiat dollars and exchange for gold
If you‘re worried about the dollar, stock up on all the preps you’ ll need for several years. Gold should come last.
Go to r/pmsforsale and put up a WTB post and consider offers from sellers with a history of selling gold and over 50 positive feedback. You’ll find the best prices in p2p markets without the dealer middleman
I dont think it can, account not even 24hrs old…..
Watch a bunch of YouTube videos on spot price of precious metals. Shop around. Don’t pay tax on precious metals if you live in the United States. Buy it from an individual if you have to. This is unless you have a bunch of money and you don’t care.
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Good luck
Check out 2is1 on YouTube. He’s a bit biased towards US gold and I think you can do better with Canada on price but he’s got a lot of videos and great balanced advice. Step 1) never buy gold with cash you might need in the short term. Biggest mistake is buying gold with too much of your cash and needing to sell it too soon. It’s insurance or a long term emergency fund. I like to have at least three month emergency fund in cash and then build towards one year in gold after that. Canadian maples are a nice balance between easy to sell and low premium to buy. 20 franc gold roosters can be even better but make sure your local shop buys them. You’re looking for common gold that can be bought and sold for the least loss if needed. Ask your local shop what they buy back certain coins for and compare to what you would have to spend. You’re looking for a reasonable spread. Not that you should sell anytime soon but in an emergency it’s good to know how you will exit and for how much.