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<p>[QUOTE="NegotiatorRogerSmith, post: 1931174, member: 71107"]I have the unfortunate timing of getting into gold investing while preparing to leave for a long-term work assignment in China, and am extremely concerned about the fraud going on (e.g. tungsten), and all that goes with it.</p><p><br /></p><p>From what I'm learning, the bigger bang for the buck comes in quantity dealing, and some of the best values I'm seeing are for bars weighted at 1kg, or higher; then again, the larger gold pieces are also susceptible to more risk (tungsten-filled), but I want to acquire with best possible margins.</p><p><br /></p><p>Like any investment, I accept gold investment isn't a method of getting rich quick, but my real and equity investments are beginning to bore me. It was fun at first, then you start to run out of things to learn. I simply find this stuff fascinating, and it doubles as a way to know a great deal about what I'm investing in, so it's less likely I'll get ripped-off.</p><p><br /></p><p>...but alas, I'm a noob, and feel there are things that are going to go right above my head in the arena... at least while I'm still learning.</p><p><br /></p><p>My other concern is that in a best-worst case scenario, I'll get a real 999.9 piece, but it's stolen, so I won't be able sell it, or it will be confiscated, or something to that effect. What happens? What kind of authentication/ownership document(s), if any, do I need to insist on from a seller/broker?</p><p><br /></p><p>I know, I know, work with a reputable dealer... but their margins aren't worth the time, and I find after I've studied a commodity, I tend to thrive... but I have to start SOMEWHERE!</p><p><br /></p><p>Is there, perhaps, a checklist of some sort to go by?</p><p>Is it too much to demand the seller to cut the bar? Is it even feasible?</p><p>Can I do it myself, then recast the bar? If so, where do I have it recast?</p><p>Ideally, I'd love to be able to make arrangements hold payment in escrow, cut the bar to be SURE, if it is in fact genuine, release payment, recast the bar, and be on my way.</p><p><br /></p><p>What is a reasonable demand?</p><p><br /></p><p>Please don't flame me. Any feedback is GREATLY appreciated. Thank you for reading.[/QUOTE]</p><p><br /></p>
[QUOTE="NegotiatorRogerSmith, post: 1931174, member: 71107"]I have the unfortunate timing of getting into gold investing while preparing to leave for a long-term work assignment in China, and am extremely concerned about the fraud going on (e.g. tungsten), and all that goes with it. From what I'm learning, the bigger bang for the buck comes in quantity dealing, and some of the best values I'm seeing are for bars weighted at 1kg, or higher; then again, the larger gold pieces are also susceptible to more risk (tungsten-filled), but I want to acquire with best possible margins. Like any investment, I accept gold investment isn't a method of getting rich quick, but my real and equity investments are beginning to bore me. It was fun at first, then you start to run out of things to learn. I simply find this stuff fascinating, and it doubles as a way to know a great deal about what I'm investing in, so it's less likely I'll get ripped-off. ...but alas, I'm a noob, and feel there are things that are going to go right above my head in the arena... at least while I'm still learning. My other concern is that in a best-worst case scenario, I'll get a real 999.9 piece, but it's stolen, so I won't be able sell it, or it will be confiscated, or something to that effect. What happens? What kind of authentication/ownership document(s), if any, do I need to insist on from a seller/broker? I know, I know, work with a reputable dealer... but their margins aren't worth the time, and I find after I've studied a commodity, I tend to thrive... but I have to start SOMEWHERE! Is there, perhaps, a checklist of some sort to go by? Is it too much to demand the seller to cut the bar? Is it even feasible? Can I do it myself, then recast the bar? If so, where do I have it recast? Ideally, I'd love to be able to make arrangements hold payment in escrow, cut the bar to be SURE, if it is in fact genuine, release payment, recast the bar, and be on my way. What is a reasonable demand? Please don't flame me. Any feedback is GREATLY appreciated. Thank you for reading.[/QUOTE]
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Going to China... considering gold investment... nervous...
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