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January 26, 2020
10:13 am
Bill
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I'm looking to buy some gold Maple Leaf coins from one of the Mint's registered dealers. If anyone has any experience in this and has any advice re steering me towards or away from any particular dealer I'd be interested to know. Thanks.

January 26, 2020
4:10 pm
Briguy
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I bought some coins once from Kitco online. Didn't have to go in, they mailed it out.
https://online.kitco.com/canadian-gold-maple-leaf-coins

Most of them got stolen when I had a break in and insurance didn't cover much of it.

January 26, 2020
6:36 pm
Bill
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Thanks, Briguy, based on the little bit of research I've done so far Kitco is an option for me.

I will not be storing the coins where anyone can find them. But I'm curious, how long after the coins were mailed to your address was your house broken into? (Yes, I'm borderline paranoid.)

January 26, 2020
10:57 pm
Yatti420
Canada
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Get a small safe. Bolt it to the floor. Silvergoldbull.ca is who I use alot for silver.. I do want some yellow goodness soon!

January 27, 2020
3:55 am
Briguy
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Bill said
Thanks, Briguy, based on the little bit of research I've done so far Kitco is an option for me.

I will not be storing the coins where anyone can find them. But I'm curious, how long after the coins were mailed to your address was your house broken into? (Yes, I'm borderline paranoid.)  

It was about 5 yr later, so not related.

I also bought some special edition coins once from Colonialacres in USA and had shipped to a relative in USA.

January 27, 2020
7:29 am
Winnie
Ontario
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Bill said
I will not be storing the coins where anyone can find them. But I'm curious, how long after the coins were mailed to your address was your house broken into? (Yes, I'm borderline paranoid.)  

Bill, I had good experience with Kitco, Global Bullion Suppliers (globalbullionsuppliers.com), Canadian PMX (canadianpmx.com).

For security reasons Canadian PMX will ship it to you via courier in very oversized package (nobody will know that gold is inside) and will not provide to you tracking number.

Bad experience: Silver Gold Bull, Toronto Gold Bullion Inc, Canadianbullion.ca, Guild Hall Wealth Management.

January 27, 2020
9:14 am
Bill
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Thanks, Winnie, just what I needed, and I did have Kitco at the top of my list just from a bit of online poking around. I'm buying a fair bit so am going to pick it up myself, no shipping.

Yatti420, a safe bolted to the floor (that screams here is where the good stuff is, come back with the right tools and more friends another time!) is not my style, I'm more into discretely hiding it, but thanks for the suggestion.

January 27, 2020
9:43 am
Winnie
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Bill said
Yatti420, a safe bolted to the floor (that screams here is where the good stuff is, come back with the right tools and more friends another time!) is not my style, I'm more into discretely hiding it, but thanks for the suggestion.  

I completely agree with you, Bill.
Discrete hiding is my passion too.

I actually have a safe bolted to the floor, but gold is nowhere close to that safe.

No, I'm not keeping that safe at home to mislead any possible robbers.
I must have that safe at home, because I legally own a few handguns and must keep them inside the safe, when I'm not at home.

January 27, 2020
9:48 am
Briguy
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Bill said
Thanks, Winnie, just what I needed, and I did have Kitco at the top of my list just from a bit of online poking around. I'm buying a fair bit so am going to pick it up myself, no shipping.

Yatti420, a safe bolted to the floor (that screams here is where the good stuff is, come back with the right tools and more friends another time!) is not my style, I'm more into discretely hiding it, but thanks for the suggestion.  

If I still had a lot I would keep in a safety deposit box since I can get a free one with my Scotia Ultimate package chequing account.

If you think gold is going to go up in value soon, why not just buy a gold ETF? That's what some of my millenial friends are doing ( I'm a baby boomer ). Or is it for SHTF ?

January 27, 2020
1:04 pm
Bill
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Safety deposit box is another option, I've got two pretty-much empty ones right now.

I don't buy ETFs generally, and I want physical gold instead of some electronic blips on my screen. Basically, with "quantitative easing", etc (i.e. money printing) now entrenched, govt's are addicted, clearly no longer a temporary tactic, and as I expect the global debt crisis to be resolved via hyperinflation I feel I have too much of my wealth in increasingly-debased currency so I'm looking to exchange into more tangible assets, physical gold being one of them. So I guess it's not an investment, don't really know where gold price is going, it's just some diversification.

January 27, 2020
1:11 pm
Briguy
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Bill said
Safety deposit box is another option, I've got two pretty-much empty ones right now.

I don't buy ETFs generally, and I want physical gold instead of some electronic blips on my screen. Basically, with "quantitative easing", etc (i.e. money printing) now entrenched, govt's are addicted, clearly no longer a temporary tactic, and as I expect the global debt crisis to be resolved via hyperinflation I feel I have too much of my wealth in increasingly-debased currency so I'm looking to exchange into more tangible assets, physical gold being one of them. So I guess it's not an investment, don't really know where gold price is going, it's just some diversification.  

Maybe someone here can comment on how easy it was to sell it back to the company. I remember years ago I went downtown to Scotiabank and sold them some gold bullion I had bought, and they sent me a tax slip at end of year. When I filed taxes I had to remember what I paid 20 yr before that for the gold.

March 24, 2020
8:34 am
Bud
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rising gold price may be good sign may mean system thawing cause money to buy gold. after the run up for a time investors were sellin everything to raise cash.. soon maybe time for winnie to cash in her chips n take us all out for steak

March 24, 2020
9:06 am
Yatti420
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Believe me if you don't want to bolt it to a floor.. Bolt it into a solid piece of oversized furniture.. Believe me.. It's gonna take more time for you to get a small safe out then its' gonna take for the laziest of police departments to arrive lol.. When I mean oversized and heavy.. 5-6 people wont be lifting it.. and ofcourse don't store it where machinery etc can be used 😉

March 24, 2020
6:05 pm
Doug
British Columbia, Canada
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Bill said
I'm looking to buy some gold Maple Leaf coins from one of the Mint's registered dealers. If anyone has any experience in this and has any advice re steering me towards or away from any particular dealer I'd be interested to know. Thanks.  

My grandpa is a little bit older than you Bill (he is 81, or is turning 81 this year), and when he sold most of his gold a few years ago, he used Border Gold Corp. (https://www.bordergold.com/), having researched them and also from hearing them on the radio he listens to. He was impressed with their operation, transparency, straightforward approach in terms of exchange rates and settlement, and their security, as he had a fairly large amount of gold to exchange.

It looks like they have an online operation, too, so you need not make a trek to Blaine, Wash., or Surrey, B.C. sf-cool

As far as storage goes, he actually surprised us as he had always told us he buried his gold, deep, on his rural property at an undisclosed location when he informed us it was held in a safe deposit box that was joint with one of my parent's siblings. So, I would probably go with the safe deposit box route, but you might want to ask your bank to put a note on your SDB entrance card to put a sticky note on it to please ask you or any other boxholder for government-issued, non-expired photo ID prior to signing as an added measure of security.

Cheers,
Doug

March 24, 2020
6:12 pm
Doug
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Briguy said

Maybe someone here can comment on how easy it was to sell it back to the company. I remember years ago I went downtown to Scotiabank and sold them some gold bullion I had bought, and they sent me a tax slip at end of year. When I filed taxes I had to remember what I paid 20 yr before that for the gold.  

When most of the Big 5 banks exited precious metals, Scotiabank has always bought and sold physical bullion, in coin and bar forms. Actually, my grandpa bought his gold from Scotiabank, and the fact that the branches support delivery and the actual purchase is a huge bonus. The only reason he didn't sell his gold through them was Border Gold's exchange rates and fee structure. But, for convenience and service, absolutely, I'd say go with Scotiabank.

Some of the other banks like CIBC and TDCT even are trying to do precious metals again, but I have no experience with them. With Scotia, you can use a branch or buy and sell online.

Cheers,
Doug

March 24, 2020
6:45 pm
Bud
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doug now i know why ur not such a great stock picker to do that u need a few cycles behind ur belt. ur pretty good at research a bit wordy though

March 24, 2020
7:20 pm
Doug
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Bud said
doug now i know why ur not such a great stock picker to do that u need a few cycles behind ur belt. ur pretty good at research a bit wordy though  

Bud, your lack of punctuation is really difficult to understand what you're trying to say. Don't take my word on it; ask @Dean or @Loonie. sf-cool

What are you trying to say here? Here's what I get
- you think I'm not a "great stock picker"
- I'm good at research
- I'm wordy

I'm not understanding what you mean between "great stock picker" and good at research.

Can you clarify? If I'm too wordy, you're the opposite, too brief. A happy medium between your posts and mine would be ideal, I think.

Cheers,
Doug

March 24, 2020
7:28 pm
Briguy
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Maybe Bud types these out on his phone. I know my messages are much worse when I'm trying to use that little on screen keyboard.

@Bill , wouldn't it be easier to just buy gold certificates ?

I wish I could prebuy about 1000 litres of gasoline right now and use them later over the next year. They should sell gas station gift cards in Litres instead of dollars.

March 24, 2020
7:55 pm
Briguy
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I just looked up for fun if you can prebuy gas, and there is one place in USA where you can do that, but none in Canada. In my google research it mentioned UGA. United States Gasoline Fund, LP (UGA) is an ETF that invests in futures contracts for gasoline, other types of gasoline, crude oil, diesel-heating oil, natural gas and other petroleum-based fuels. It's gone down 30%in the last 5 days,50% in the last 5 years. Maybe @Doug or @Bud can comment on the ETF.

March 24, 2020
8:36 pm
Bill
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Thanks Doug, though I've got a fair ways to go before I'm 81.

Briguy, it likely is easier to buy gold certificates, I don't know much about them. I don't want certificates.

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