Gold Bullion For Sale

Frequently Asked Questions

1. QUESTION:
   Do gold bullion bars have to stay in there package to keep there value?
   Now days almost all the 24k gold bullion bars you find for sale come in a package, like a card they are sealed into from the refinery, I am speaking of smaller bars from 1 gram to like 1 ounce bars some others too. I am curious, if I bought 50 gold bullion 1 gram pieces would they lose value if I took them out of there package or be harder to resale in the future or prove there purity?

   • ANSWER:
     The only value of a gold or silver bar is its meltdown value. It doesn't matter whether it's dirty or dented or scratched, meltdown value is the same.

     I can manufacture any package you want to "prove" the purity. The dealer doesn't care about the package.

2. QUESTION:
   is buying gold bullion a sound investment?
   not talking about spending major money maybe 1k, i have seen gold bars for sale on ebay

   • ANSWER:
     Historically gold is one of the worst investments. Diamonds are the worst investment.

     -- Chase Global Data & Research

     Now I know gold has made a huge run. It has been 20 years in recovery. I would not be chasing it.

     I would not be buying gold on ebay!

     "I know a market top (in Gold) when people are selling it on ebay as "an investment." OMG.

     You don't know if it is real or not.

     Buy gold from legit dealers via a broker if you want, but not on ebay please!

     Gold is VERY HARD TO SELL when taken in physical form. You will NEVER get full market price of gold when you sell. The person or dealer whom you are selling to will cut the value based on their profit need.

     Stock symbol for Gold ETF: GLD

3. QUESTION:
   Gold as an investment help.?
   Ok I see all forms of gold for sale as an investment. What I would like to know is what to stay away from ?
   and Is this stuff any good or not GOLD LEAF BULLION FLAKES

   • ANSWER:
     Gold is the original safe investment. Keep it simple and only buy gold coins and gold bullion.

4. QUESTION:
   If you exchange your gold for paper, is that a fair trade?
   Executive Order 6102 is an Executive Order signed on April 5, 1933 by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates." It required all persons to deliver on or before May 1, 1933 all gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve. Under the Trading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of Executive Order 6102 was punishable by fine up to ,000 (6,640 if adjusted for inflation as of 2008) or up to ten years in prison, or both. Because of this forced immediate sale of gold to the Federal Reserve at the government set price of .67 per troy ounce, this Executive Order is often referred to as the Gold Confiscation of 1933. ****Shortly after this forced sale, the price of gold from the treasury for international transactions was raised to an ounce; the U.S. government thereby devalued the U.S. dollar by 41%.***

   http://en.wikipedia.org/wiki/Executive_Order_6102

   • ANSWER:
     One of the reasons there are so many "pre-1933" gold U.S. coins available is because people didn't turn in their gold. That should say something about the fairness of that confiscation.

5. QUESTION:
   Why did Americans let FDR steal their gold via Executive Order 6102?
   Executive Order 6102 is an Executive Order signed on April 5, 1933 by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates." It required all persons to deliver on or before May 1, 1933 all gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve. Under the Trading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of Executive Order 6102 was punishable by fine up to ,000 (6,640 if adjusted for inflation as of 2008) or up to ten years in prison, or both. Because of this forced immediate sale of gold to the Federal Reserve at the government set price of .67 per troy ounce, this Executive Order is often referred to as the Gold Confiscation of 1933. ****Shortly after this forced sale, the price of gold from the treasury for international transactions was raised to an ounce; the U.S. government thereby devalued the U.S. dollar by 41%.***

   http://en.wikipedia.org/wiki/Executive_Order_6102

   What gives ANY president the authority to confiscate gold??
   liberty.............seems like this executive order did EXACTLY that: gave their money (something of value: gold) to rich people in exchange for worthless paper.

   • ANSWER:
     Because they didn't want to go to jail, and he was probably trying to create inflation do deal with the Great depression, when most people in America were living week to week or day to day;

     while others had large piles of cash.

6. QUESTION:
   Do you think there could be a good discount at sale time?
   Harrods are now selling gold bullion to the goods on offer in its store mainly for canny investors who fancy storing some of the precious metal. At £30 for a 1 gram bar and £273,126 for a 12.5kg bar i've no doubt they'll do well.
   Probably Lexi but watch for the mail strike!

   • ANSWER:
     That's interesting. I might buy a bar - can you buy online? I'd love a little bar of gold.

7. QUESTION:
   Have you heard of executive order 6102?
   http://en.wikipedia.org/wiki/Executive_Order_6102

   Executive Order 6102 is an Executive Order signed on April 5, 1933 by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates." It required all persons to deliver on or before May 1, 1933 all gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve. Under the Trading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of Executive Order 6102 was punishable by fine up to ,000 (6,640 if adjusted for inflation as of 2008) or up to ten years in prison, or both. Because of this forced immediate sale of gold to the Federal Reserve at the government set price of .67 per troy ounce, this Executive Order is often referred to as the Gold Confiscation of 1933. Shortly after this forced sale, the price of gold from the treasury for international transactions was raised to an ounce; the U.S. government thereby devalued the U.S. dollar by 41%.

   Do you think it was a good idea?
   What got us out of the Great Depression was production due to World War 2.

   http://www.howestreet.com/articles/index.php?article_id=5888

   There are graphs showing production during each time period on that link.
   Liberal Asskicker, by artificially raising the price of gold, that action demanded that more money be printed by the treasury in order to pay for each ounce. Since it wasn't backed anymore at that point, each dollar printed to pay for the gold (as well as FDR's economic intervention programs), was worth less.
   *by the Fed, excuse me
   http://www.nolanchart.com/article4732.html

   By this one action, the Treasury was instructed to pay .33 more "Dollars" for the same ounce of gold that just the day before was valued at .67 per ounce. Remember, in this country the "Dollar" was not money, it was redeemable for money, but it was not considered money. Gold was money and money was gold that was the essence of our monetary system. The reality behind this criminal action by FDR was that the people of this country were led to believe that FDR just increased the price of gold, but in fact, in reality, he had, with a stroke of a pen, drastically lowered the purchase value of the "Dollar". Not only had he [the government] confiscated the people's gold, but on top of it he also stole 41% of their purchasing power by devaluing the "Dollar".
   Robin, yes it was rescinded, but the act of directly making exchanges via gold instead of money is still illegal.

   From the wikipedia article:

   The limitation on gold ownership in the U.S. was repealed after President Gerald Ford signed a bill legalizing private ownership of gold coins, bars and certificates by an act of Congress codified in Pub.L. 93-373 [1] [2] which went into effect December 31, 1974. P.L. 93-373 does not repeal the Gold Clause Resolution of 1933, which makes unlawful any contracts which specify payment in a fixed amount of money or a fixed amount of gold. That is, contracts are unenforceable if they use gold monetarily rather than as a commodity of trade.

   • ANSWER:
     Only 20 years. Hmm...

     The private entity which holds no reserves which we call the "Federal Reserve" is formed in 1913 and 20 years later, it has all the gold. What did they do with it? They don't keep reserves. Probably somehow cooked the books and left the gold with the Treasury who can no longer print money on the Constitutional authority of the Congress.

     ...

8. QUESTION:
   Question about Gold coins?
   I am wondering how the process of selling a gold coin works. From what I was told, there are actually two types of gold. "Collectible" gold coins, which are usually the coins made in 1933 and before. And the "Bullion" coins, which are the gold coins cheaper than the collectible ones. Obviously you pay a premium to buy a collectible coin like a liberty, and I'm told that you can get the premium back upon selling it. But I'm wondering about the process of selling these different types of coins. I was told that a collectible coin like a liberty is considered to be a "private" piece of gold and when you sell it to somebody else, it is a "private" sell therefore you do not have to file a 1099 claiming that you made the sale at the end of the year. But with a bullion gold coin like th eagle, which I'm told is considered "public" gold, you HAVE to claim it on your taxes at the end of the year by filing a 1099. I'm wondering, first of all if there is such a different existing where there is "public" and "private" gold coins, and is what I just explained true? Can somebody please explain this process to me because I am pretty close to clueless. If you know what your talking about, would it be possible for someone to show me the law outlining this information on a government website like the IRS or something, because I can't find any information about this stuff really.. thanks

   • ANSWER:
     Gold bullion and coins are treated exactly the same when sold by an individual: they are capital assets. Their sale realizes a capital gain or loss, which needs to be reported on Schedule D. The maximum tax rate is 28%.

     Coin dealers are treated differently.

     See Publication 17, page 101 and 112
     http://www.irs.gov/pub/irs-pdf/p17.pdf

9. QUESTION:
   Question about Gold Coins?
   I am wondering how the process of selling a gold coin works. From what I was told, there are actually two types of gold. "Collectible" gold coins, which are usually the coins made in 1933 and before. And the "Bullion" coins, which are the gold coins cheaper than the collectible ones. Obviously you pay a premium to buy a collectible coin like a liberty, and I'm told that you can get the premium back upon selling it. But I'm wondering about the process of selling these different types of coins. I was told that a collectible coin like a liberty is considered to be a "private" piece of gold and when you sell it to somebody else, it is a "private" sell therefore you do not have to file a 1099 claiming that you made the sale at the end of the year. But with a bullion gold coin like th eagle, which I'm told is considered "public" gold, you HAVE to claim it on your taxes at the end of the year by filing a 1099. I'm wondering, first of all if there is such a different existing where there is "public" and "private" gold coins, and is what I just explained true? Can somebody please explain this process to me because I am pretty close to clueless. If you know what your talking about, would it be possible for someone to show me the law outlining this information on a government website like the IRS or something, because I can't find any information about this stuff really.. thanks

   • ANSWER:
     If you sell an asset for more than you paid for it, you have to claim the income. The remaining issue is it's taxed at your marginal tax rate (capped at 28%, the rate for metals and coins).

     The IRS does not distinguish between "public" and "private" gold. You have to report both sales if you have gains from them. This is true whether or not there is a record of the sale.

     The dealer has an obligation to report sales of bullion on a 1099-B because it's classified as an investment.

10. QUESTION:
    Any thermonuclear weapons on the global black market for sale?
    Anybody out there on the black market that want to sell one to me- ill have to wait till i get my copyrights and take care of business you see- then ill be willing to buy one to take down the dome of the rock and make muslims in the middle east run without they sock- stupid dumb mosque need to come down one way or another- it will be done by my copyrights or manipulating my brother- israel just sell me one when that time draw near- so i can kick all them muslims in they stupid rear- dont worry, it wont be to harm my own kind- I love the Federal Government and this land I call mine! I live in Hollywood, Florida. My email address is unislamic@yahoo.com allahonearth@yahoo.com prophetmabus@yahoo.com prophetislamabad@yahoo.com. I will be able to afford any one you have as ( i own copyrights to punctuation,manimation,curb record inc, 45rpm and smaller,i.e., cd,dvd,mp3 and discs. I also have a 30yr.U.S.Savings Bond invested in gold bullion, interest in 2 properties.Im recovering this soon).

    • ANSWER:
      take your medication, I think some government agency may want to discuss with you the actual bomb transaction details. they will be wearing cheap suits, dark sun-glasses and be driving plain black cars. ya cant miss em. serve em some coffe and donuts when they get there and they may give a ride in their car. good luck,froot loop.

11. QUESTION:
    Is America living in a financial fiction?
    Lincoln established the idea of "the Union" (aka Federal Govt overriding state govt.) which effectively overrides the 10th amendment.

    This allowed for the creation of the Federal Reserve Bank in 1913 ("federal" like Federal Express) which issues paper money.

    FDR confiscated all the gold bullion in 1933 via Executive Order 6102 and gave the people paper in exchange. (Shortly after this forced sale, the price of gold from the treasury for international transactions was raised to an ounce; the U.S. government thereby devalued the U.S. dollar by 41%.)

    Nixon abandoned the gold standard completely. (Resulted in more inflation and a dollar with even less purchasing power)

    Now the whole paper financial fiction is about to collapse and people will have nothing.

    ........As an interesting side note, if the govt. nationalizes the banks and then the dollar collapses, then the GOVT. could start seizing assets because THEY WOULD OWN THE BANKS. (dollar bills certainly won't cover any debt in 8 months)

    Andrew Jackson (who hated Central Banks and paper money) actually managed to get the national debt down to about ,000 at one point. The banking cartel (Federal Reserve), once established, thought it funny to then put his face on the most popular piece of paper money in history: the twenty dollar bill.

    • ANSWER:
      American's are living Financial "Fact". It's the Government including Executive and Legislative Branches...that are living in Financial Fiction. Good Question though!

12. QUESTION:
    Is this true about USA? ?
    " When as a result of the so-called trade in currencies the companies in the poor countries faced bankruptcy, the Governments were told not to bail out any company or bank which was in deep trouble. The Americans claimed that these companies or banks were inefficient and they should be allowed to go bankrupt and perish. Better still they should be sold at fire-sale price to American investors."

    "Yet today we see the US Government readying US700 billion to brazenly bail out banks, mortgage companies and insurance companies."

    "Where does the money come from? From thin air as no real money in cash or bullion or anything tangible are moved into the bankrupt banks. The money is just in the form of loan papers and entries in the books of the banks or companies"

    "The US 700 billion has no backing whatsoever. No gold reserves, no foreign currency reserves as required for other countries. Without such backing the US Dollar is actually useless. Only the military power of the US is forcing the world to give value to the US Dollar"

    "Desperate to avoid a serious recession the US has abandoned all its principles. It has now banned short selling, limited currency trading and insist that the accounts of hedge funds and currency traders to be open for inspection and be published"

    "In the final spasm of fear, the Government has given itself the right to resolve the problem of bankrupt banks and companies by the Government taking over i.e. the great capitalist country has accepted what is nothing more than nationalisation which it had condemned so much before"

    "The US now owes the world US 14 trillion. There is no way it can ever settle this debt. If other countries fail to repay or service their debts, the US would demand that they be made bankrupt. Now the US is literally bankrupt but it still insists that the pieces of paper, the famous or infamous greenbacks have some value. It actually has no value. Certainly it cannot be used to finance wars of aggression against Iraq and Afghanistan, to finance the CIA (Central Intelligence Agency) activities in undermining Governments and countries. But still the US' ability to threaten countries is undiminished"

    This is one of the blog i read somewhere.

    • ANSWER:
      Yes

13. QUESTION:
    Is it in touch with reality for a Banking CEO on .1M pa to say:?
    "Our Shareholders expect a healthy profit by a few foreclosures of family homes"

    Given Fanny Mae and the recent economic crisis should the offending CEO of the 2nd largest bank in Oz be:

    Horse Drawn hung and whipped.
    Horse Drawing hanging and whipping is to good for him Tar and Feather with Kangaroo court.

    A compulsory course in economic history to find out why most of the Australian Economy is now
    barter and haggle rather than commerce? ie 3rd World.

    Perhaps we should put the offending CEO in a think tank for Julia Gillard to ask should we print more money to just Tax the banks shareholders with a really big filthy disgustingly monsterous tax.

    Nah taxing is too good, teach the CEO basic sales training:
    Rule one the Customer is Always right.
    Rule two, if the customer is wrong, re read rule one not rewrite it as shareholders?

    Basically, we gotta lotta concrete left over on the new Bank building site near the harbour capish?

    Give the CEO new designer shoes?

    Retire the CEO?

    Give the CEO grey boots, really heavy ones for his retirement package, what would he want a gold watch for he must have bucket loads a bullion?

    Um, yeah, all the above?

    • ANSWER:
      This has nothing to do with philosophy, but you're blaming the player, not the game.

      Publicly-held companies have an obligation to make money for their stockholders. It's a double-edged sword.