Need advice on trading for gold

[brianpwallis]

So... I have some prepper land for sale in Helen GA... and a gentlemen asked about trading for gold. I have no idea about gold since I've never dealt with the stuff. If someone gives you 35k "worth" of gold/silver coins and such... can you only get wholesale for it and wind up with 25? Any advice would be really appreciated. Would also like to know how to avoid scams with the stuff. I'm sure it's not a scam since it's a fellow ODT'er but I want to learn anyhow...
Thanks,
Brian
brianpwallis at hotmail dot com

 

[CAD Jedi]

Do your homework, the thing about gold is that it varies in value. So what is worth 35k today may only be worth 30k tomorrow, but it can go the other way and be worth 40k. I would say if you want 35k for the property you should go and find a gold buyer and see how much gold it would take to get your money, then that would be the amount you would need to trade for.

 

[jcountry]

I have used these guy for selling gold.

http://www.midwestrefineries.com/

I had a couple of rings I wanted to unload. Weighed them, sent them in, and they gave me exactly the price they promised. 95% of spot.

Far better than anywhere else I have found.

 

[biker_bill]

Might be better to handle it one step at a time.
As in he trades the gold for cash and pays you with the cash .....

 

[canoecanoe]

Might be better to handle it one step at a time.
As in he trades the gold for cash and pays you with the cash .....

This!

Have the seller contact me. I would pay him cash for a couple of oz's at 95%$ of spot.

 

[biker_bill]

This!

Have the seller contact me. I would pay him cash for a couple of oz's at 95%$ of spot.

Nice offer, good way to help the deal out!

 

[chucklenut]

jrr888

 

[StuP]

See what rate he's using to value his gold, spot, buy, sell. I'd assume you'd want to stick with the value he would have to sell at to get $. I suspect he'll want to value it at spot, or your purchase cost, walk away from that or I'll trade you my hi point for your nib S&W mod 19

Depending on what you want to do with the money could be an interesting way to get hold of some gold and see where it goes in the future.

 

[jrr888]

PM me if you like!

 

[moosensquirrel]

Do your homework, the thing about gold is that it varies in value. So what is worth 35k today may only be worth 30k tomorrow, but it can go the other way and be worth 40k. I would say if you want 35k for the property you should go and find a gold buyer and see how much gold it would take to get your money, then that would be the amount you would need to trade for.

Gold has a 6000 year history of being used as money and does not change in value. In the time of Nebuchadnezzar, an ounce of gold would buy about 300 quality loaves of bread. With gold at about $1200/oz and good bread at $4/loaf, an ounce of gold will buy about .... 300 loaves of bread.

Using the USD as a measure or store of value is like using a rubber band to measure length. A USD is a note, an IOU backed by....nothing...and it has an expiration date written in invisible ink. It has no inherent value. and it can and is created out of thin air by the central banks. Read Plato on Money, written 2500 years ago and still valid.