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<p>[QUOTE="medoraman, post: 1931326, member: 26302"]I would echo others. First, why do most people want to buy gold? Most people wish to have an asset that can protect against inflation and most wish to eliminate counterparty risks to their assets. Well, gold is a decent asset to protect against inflation. For counterparty risk you need to take physical possession, and keep physical possession. Buy gold and put it in a sdb. As to type of gold, I strongly agree buying 1 ounce coins from a reputable US seller. You say you want to get the best deal, I appreciate that, but the way you are going about it you are SERIOUSLY risking getting burned. </p><p><br /></p><p>About a year back a guy came here asking us about a silver bar he bought on Craigslist. No markings, but he thought it tested for silver. So he spent $500 to "get a great deal" and today he owns a stainless steel bar basically valueless. Many times in life the cheapest price is not the best bargain, and this is one of them. Its MUCH MUCH MUCH more important to be assured the gold is real, and people you may sell to in the future are sure its real, than trying to beat out the last 5% price.</p><p><br /></p><p>If you were STILL serious, I would say Dubai is where you should go. Dubai is the world's default selection for physical gold for large purchases from what I have heard. I have friends who live a lot closer to China than Dubai but fly to Dubai every couple of months to make their gold purchases. But, that is a game for professionals, not amateurs. </p><p><br /></p><p>I hope you do not take this as a flame at all, but just go to <a href="http://www.comparegoldprices.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.comparegoldprices.com" rel="nofollow">www.comparegoldprices.com</a>, choose one of those dealers, and buy reputable gold coins from reputable dealers. You are overthinking it sir. Btw, I have no affiliation with that website, I simply use it to quickly compare prices on common gold bullion items.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1931326, member: 26302"]I would echo others. First, why do most people want to buy gold? Most people wish to have an asset that can protect against inflation and most wish to eliminate counterparty risks to their assets. Well, gold is a decent asset to protect against inflation. For counterparty risk you need to take physical possession, and keep physical possession. Buy gold and put it in a sdb. As to type of gold, I strongly agree buying 1 ounce coins from a reputable US seller. You say you want to get the best deal, I appreciate that, but the way you are going about it you are SERIOUSLY risking getting burned. About a year back a guy came here asking us about a silver bar he bought on Craigslist. No markings, but he thought it tested for silver. So he spent $500 to "get a great deal" and today he owns a stainless steel bar basically valueless. Many times in life the cheapest price is not the best bargain, and this is one of them. Its MUCH MUCH MUCH more important to be assured the gold is real, and people you may sell to in the future are sure its real, than trying to beat out the last 5% price. If you were STILL serious, I would say Dubai is where you should go. Dubai is the world's default selection for physical gold for large purchases from what I have heard. I have friends who live a lot closer to China than Dubai but fly to Dubai every couple of months to make their gold purchases. But, that is a game for professionals, not amateurs. I hope you do not take this as a flame at all, but just go to [url="http://www.comparegoldprices.com"]www.comparegoldprices.com[/url], choose one of those dealers, and buy reputable gold coins from reputable dealers. You are overthinking it sir. Btw, I have no affiliation with that website, I simply use it to quickly compare prices on common gold bullion items.[/QUOTE]
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Going to China... considering gold investment... nervous...
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