View Full Version : Gold/Siver question..
stang
04-24-2006, 12:10 PM
Where can you buy gold/silver in Brampton?
Actual bars, not paper.
I'd look into any specialty jewelry stores or metalurgy plants.
If you're looking for precious metals as an investment I know you can purchase bullion at most banks. Though the time's that i've bought it it was in coin form not bars.
I don't know if I should ask this but WTF would you want bars of gold for?
If anything I should think you'd be more interested in wafers.....
Cohiba_1
04-24-2006, 12:32 PM
"Where can you buy gold/silver in Brampton?
Actual bars, not paper"
These are reliable people to purchase from, been doing business with them since gold was at $300/CDN.
http://www.xau.ca/home.php
If buying silver try to stick with the larger bars/kilos and up to avoid the bar charge, same rules for gold applies.
Good luck and *hold on* because there both going to fly!!
Best Regards
C1
Why Not?
04-24-2006, 04:25 PM
Why the hell would you buy bullion? Buy gold shares. There is far more leverage and therfore more money to be made. There are also less fees and no security issues. If you have trouble picking the companies buy an ETF or a mutual fund.
You can also order off the web from places like Kitco. They deliver for a relatively low price, or they will hold the gold in trust for you in case you are just speculating and want to sell it back to them later.
You can also order off the web from places like Kitco. They deliver for a relatively low price, or they will hold the gold in trust for you in case you are just speculating and want to sell it back to them later.
It is worth noting that gold is currently at the highest price it has been since the 1980's. It may not be the best time to buy, but who knows?
I had wanted to buy a pure gold coin like a Canadian maple, which is 1oz .9999 fine gold. I was going to give it as a gift to someone who likes to collect coins, on a particularly special birthday. However, at USD $650/oz or whatever gold is right now it is just too costly--I will wait 5 years for the next big birthday and see whether it's back to the $200 range again.
It is worth noting that gold is currently at the highest price it has been since the 1980's. It may not be the best time to buy, but who knows?
I had wanted to buy a pure gold coin like a Canadian maple, which is 1oz .9999 fine gold. I was going to give it as a gift to someone who likes to collect coins, on a particularly special birthday. However, at USD $650/oz or whatever gold is right now it is just too costly--I will wait 5 years for the next big birthday and see whether it's back to the $200 range again.
Sheesh, they are selling for 2 bones now? Heck I had two of them and had to sell them due to financial difficulties at $100.00 each (but that was like 7 years ago).
BTW: they make great gifts the minting is awesome and they do look cool....
Papi Chulo
04-24-2006, 07:26 PM
scotiabank on Bay in toronto
stocks or mutuals funds are just not the same as being able to handle the gold
lasslicker
04-24-2006, 09:46 PM
scotiabank on Bay in toronto
Any branch Scotiabank can order physical gold and silver for you.
TD and CIBC also have gold departments.
The problem with banks is that as a financial institution the paper trail they create is not to everyones taste.
Finding a reliable coin dealer that you develop a relationship with is a good way to go.
Papi Chulo
04-24-2006, 09:51 PM
Any branch Scotiabank can order physical gold and silver for you.
TD and CIBC also have gold departments.
The problem with banks is that as a financial institution the paper trail they create is not to everyones taste.
Finding a reliable coin dealer that you develop a relationship with is a good way to go.
I prefer the banks on Bay St as that is where the gold is stored. Any other locations usually charge a fee to transport the gold to your branch (unless you are buying certificates)
goodtime
04-24-2006, 11:47 PM
Few large jewellery stores in Chinatown stock a few by special requests. Not sure if they still do and whether stores in Little India do the same.
Meister
04-26-2006, 10:59 PM
Friedberg on Bay used to buy and sell, I don't know if they still do.
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