I want to buy 99.99% gold coins

[peterwong 0]

I am looking for 99.99% gold coins. Something like the Canadian Maple Leaf or Chinese Panda.

The weight should be 1 ounce, 1/2 ounce or lower. Please send your offer to apollocrown@gmail.com

I need to buy them before the 21st of April 2012.

[captcraig2 120]

What happens after the 21st? not the end of the world again is it?

[Siam Sam 964]

Do they really make them? Surely almost pure gold wouldn't be durable enough to make into a coin?

[Montydog 135]

Got to be some sort of scam.

[Siam Sam 964]

Got to be some sort of scam.

 

You'd like to think so.

[js007 795]

Do they really make them? Surely almost pure gold wouldn't be durable enough to make into a coin?

 

They make them. Check out the specs on the American Buffalo.

 

But why not just buy some Thai gold from a Thai gold shop? Don't they sell little bars?

[Grandpollo 366]

I am looking for 99.99% gold coins. Something like the Canadian Maple Leaf or Chinese Panda.

The weight should be 1 ounce, 1/2 ounce or lower. Please send your offer to apollocrown@gmail.com

I need to buy them before the 21st of April 2012.

 

Go to a gold merchant and buy some vs. trying to dupe someone to mail them to you so the Paypal or forged bank cheque scam can ensue.

[Grandpollo 366]

Do they really make them? Surely almost pure gold wouldn't be durable enough to make into a coin?

 

Canada Maple Leaf are .9999 fine gold as are a few others. You do have to handle them carefully due to the malleability of fine pure gold.

 

An ounce of gold can be hammered into a square sheet 100 feet on each side or drawn into a wire that would stretch 5 miles.

Edited April 12, 2012 by ricktoronto

[Montydog 135]

Go to a gold merchant and buy some vs. trying to dupe someone to mail them to you so the Paypal or forged bank cheque scam can ensue.

 

I refer the gentleman to post number 4

[jacko 8,822]

Do they really make them? Surely almost pure gold wouldn't be durable enough to make into a coin?

Many are about 91% (22 carat)....but the Canadian Maple Leaf and Panda the OP mentions are actually 100%, but I don't suppose they are meant to be kept in your pocket and used to buy a pint. Edited April 13, 2012 by jacko

[tomcat76 327]

Many are about 91% (22 carat)....but the Canadian Maple Leaf and Panda the OP mentions are actually 100%, but I don't suppose they are meant to be kept in your pocket and used to buy a pint.

 

Carrying a gold coin in your pocket IS supposed to ensure good luck. 'Not sure I'd recommend it while vacationing in Thailand (& lots of other places) though...

[Guest jjprodigy]

Canadian Maple Leaf coins are indeed a 24k gold coin with a gold content of .9999%. as stated by a previous poster.

During my last trip to Thailand I frequented a fair few gold shops, often to torment my female Thai tour guide for my own gratification

Not only is this an instant cure for a Thai female's volatile bad mood swings.

 

The other interesting fact is it is more expensive to purchase 18k gold in Thailand than 23k, due to importation costs.

Edited June 28, 2012 by jjprodigy

[bigdelta 46]

What ever happened to Kruggerands?

[tomcat76 327]

What ever happened to Kruggerands?

 

Actually, Kruggerands carry a slightly lower purity rate: 91.67% I believe. The kruggerand, @ 22 carat, actually contains one oz of pure gold (since the coin itself weighs slightly more than one ounce); but isn't of the same purity as many other well known gold coins. The Mexican gold peso is similar. Coins such as the Maple Leaf and Austrian Philharmonic on the other hand are .9999 pure, considered 24 carat, and there are some special issues of the ML that are .99999. The kruggerand & peso are somewhat less vulnerable to damage & flaws, being harder, while anything that's 99.99% pure gold is going to be "soft" and more vulnerable. If you buy these 24 carat coins, you should buy plastic capsules or something to store them in, and be pretty careful handling them.

[Billions 687]

What ever happened to Kruggerands?

 

Villains used to buy them,to store their ill-gotten gains in a portable and convertible form.

 

In these days of money laundering regulations,precious metal dealers have to report transactions to government agencies and so demand ain't what it used to be.

 

 

[tomcat76 327]

Villains used to buy them,to store their ill-gotten gains in a portable and convertible form.

 

In these days of money laundering regulations,precious metal dealers have to report transactions to government agencies and so demand ain't what it used to be.

 

Not true - not all such purchases - not in the US currently anyway. Easy to research what the reqts actually are on the net. Here's one source:

http://www.usagold.com/cpm/privacy.html I believe Canadian reqts are similar.

 

On the other hand, that doesn't mean the reqts can't change down the road!

[Billions 687]

I looked into buying bullion a couple of years ago.

 

The dealers would only take bank transfer payments,with personal identification,on any transaction. The bars were VAT zero rated,if declared as for investment purposes,and I believe the revenue/treasury departments would be notified.

 

Silver bullion was VAT rated....that was 17.5% added on to the sale price....making it a disincentive for investment purposes. They dealers still wanted personal information from the buyer,and needed money transferred bank to bank. No cash purchase possible.

 

These purchasing restrictions/regulations here in the UK have affected the way the market operates!

 

If it is the same for gold coins,I imagine the gangsters are keeping well clear and therefore the market isn't as fluid as it once was.

[bigmick 840]

I looked into buying bullion a couple of years ago.

 

The dealers would only take bank transfer payments,with personal identification,on any transaction. The bars were VAT zero rated,if declared as for investment purposes,and I believe the revenue/treasury departments would be notified.

 

Silver bullion was VAT rated....that was 17.5% added on to the sale price....making it a disincentive for investment purposes. They dealers still wanted personal information from the buyer,and needed money transferred bank to bank. No cash purchase possible.

 

These purchasing restrictions/regulations here in the UK have affected the way the market operates!

 

If it is the same for gold coins,I imagine the gangsters are keeping well clear and therefore the market isn't as fluid as it once was.

 

Would it make any difference to you if you could buy the gold coins/bars in Thailand for cash?

[Billions 687]

 

 

Would it make any difference to you if you could buy the gold coins/bars in Thailand for cash?

 

 

No,that ship has sailed now.

 

I was looking at investments to hand to my children,as I was having heart problems and wasn't sure how long I had left on the planet.

 

 

[bigmick 840]

No,that ship has sailed now.

 

I was looking at investments to hand to my children,as I was having heart problems and wasn't sure how long I had left on the planet.

 

I get your point , but would you consider buying gold coins or bars in Thailand as a long term investment?

[Billions 687]

BM,no....European property and a spread of banks is my way.

 

I'm not going to take any risk.....I built up a big company over the last 25 years,have just sold it for the health reasons mentioned above, and those revenues are for my future medical bills and children's inheritance. I don't need to try and increase it,just ring fence it now.

 

No woman is ever going to get their claws on it either.

 

It's the single life,now and forever.

 

 

**edited for spelling error.....iPad keeps changing my content**

Edited August 19, 2012 by Billions

[MM 6,562]

 

 

and wasn't sure how long I had left on the planet.

And now you know? We need to talk!

[Billions 687]

 

And now you know? We need to talk!

 

....and you need to stop smoking.......

 

 

I'll pop in on my next trip,and we can compare cardiologists.

 

Stents,statins,nitrates,aspirins,diet,exercise......30 more years surely!

[js007 795]

I've found that for small transactions here in he USA, many of the dealers just use cash. They all seem to hate the government red tape anyway, and so when you try to buy or sell a gold coin or two, cash works fine. No paperwork whatsoever. You give the guy a gold coin and he pulls some money out of his pocket, hands it to you, and that's the end of the transaction.

[tomcat76 327]

Yes - am looking at the following sites and seeing that the UK evidently does have much more extensive reporting requirements than the US or Canada:

 

http://www.goldsovereigns.co.uk/identification.html

 

Here in the US, unless it's a purchase of over $10K, any identification required by the vendor would be strictly a matter of verification on the check (personal checks being the media of choice for most individual purchasers - the IRS DOES impose reporting reqts if other kinds of checks are used). In your case however, since you're concerned with the proceeds from an entire business, I guess it'd be difficult for you to avoid the reporting reqts anyway.

 

ETFs get a lot of bad press, but IMO it's a matter of how bad things actually get As long as economies aren't actually blowing up and we're not into one of the doomsday scenarios you can read about right here in these forums, and as long as the govt doesn't start to move toward another confiscation program, I believe ETFs are a practical means of investment for at least part of a precious metals portfolio. I would monitor such an investment continuously & carefully (but that's pretty much true of any market investment). If things really go south, then of course all bets are off, including physical possession of the actual metal itself. In that dire event, bottled water, canned food, and a well-maintained firearm are probably going to be much more valuable than gold coins...