http://www.bullionvault.com
http://www.goldmoney.com
http://www.crowne-gold.com/
$323,160 for a 400 oz bar. Exactly how many of those do you expect you'll have to stack??
https://online.kitco.com/bullion/index.html
http://www.bullionvault.com
http://www.goldmoney.com
http://www.crowne-gold.com/
$323,160 for a 400 oz bar. Exactly how many of those do you expect you'll have to stack??
https://online.kitco.com/bullion/index.html
There is a minimum that you would have to purchase I would guess.
In order to avoid the paper trail your purchases would have to be under $10,000. At $850/oz, you can't get too much at one time. Also, most dealers do not have any supply.
I had to wait almost a month for my last order of eagles.
Storing in a bank's deposit box makes me nervous.
what's so shocking ?
I'm just saying you can buy Gold ( bullion) at a local coin dealer. I'm not expert on price differences between a local, and an online dealer, but I gave reasons to prefer a local in an earlier post.
The form makes little difference, IMO
I wouldn't care if was US-issued, or Canadian maple leafs, south African K-Rands, or any of the others around.
It's hard to fake a large Gold Piece because of the weight. The only way I could even think of to get the weight right would be to alloy platinum ( heavier than Gold) and lead together, and gold plate it. It sure wouldn't fool me.
It is pretty funny to think that a person thinks he needs to add an addition to his home, to store his Gold ! Even with Silver, an area the size of a refrigerator would be worth a small fortune.
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If you took all of the gold in the world and put it in one place how much would there be?
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"If you took all of the gold in the world and put it in one place how much would there be?." 01 April 2000. HowStuffWorks.com. <http://money.howstuffworks.com/question213.htm> 21 November 2008.
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<!-- dtl_id=11435 //--> It is amazing, but the total amount of gold in the world is a surprisingly small quantity. Here's how you can calculate the total amount that is available.
If you look at a page like this one, or if you look it up in an encyclopedia, you will find that the annual worldwide production of gold is something like 50 million troy ounces per year. Gold has a specific gravity of 19.3, meaning that it is 19.3 times heavier than water. So gold weighs 19.3 kilograms per liter. A liter is a cube that measures 10 centimeters (about 4 inches) on a side. There are 32.15 troy ounces in a kilogram. Therefore, the world produces a cube of gold that is about 4.3 meters (about 14 feet) on each side every year. In other words, all of the gold produced worldwide in one year could just about fit in the average person's living room!
This cube weighs 1,555,210 kilograms (3,110,420 pounds). A recent spot price for gold was $256.10 U.S. -- using that number, all of the gold produced in a year is worth $12,805,000,000. That's a lot of money, but not an unimaginable amount. For example, that's about how much the Pentagon spent launching the GPS satellite system. NASA's budget in 1998 was $13.6 billion.
Figuring out the total amount of gold that has been produced by man is a little harder. To get at some kind of estimate, let's figure that the world has been producing gold at 50 million ounces a year for 200 years. That number is probably a little high, but when you figure that the Aztecs and the Egyptians produced a fair amount of gold for a long time, it's probably not too far off. Fifty million ounces * 200 years = 10 billion ounces. Ten billion ounces of gold would fit into a cube roughly 25 meters (about 82 feet) on a side. Consider that the Washington Monument measures 55 feet by 55 feet at its base and is 555 feet tall (17 x 17 x 170 m). That means that if you could somehow gather every scrap of gold that man has ever mined into one place, you could only build about one-third of the Washington Monument.
Platinum is even more scarce than gold. Only 3.6 million troy ounces are produced per year. Its specific gravity is 21.45, and it was discovered in the 18th century, not in 3,000 B.C. If you assume that the world has produced 3.6 million ounces per year for 50 years to estimate the total worldwide supply, all of the platinum in the world would fit in a cube that is 6.3 meters (about 20 feet) on a side. In other words, all of the platinum in the entire world would easily fit in the average home!
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If you took all of the gold in the world and put it in one place how much would there be?
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<!-- dtl_id=11435 //--> It is amazing, but the total amount of gold in the world is a surprisingly small quantity. Here's how you can calculate the total amount that is available.
If you look at a page like this one, or if you look it up in an encyclopedia, you will find that the annual worldwide production of gold is something like 50 million troy ounces per year. Gold has a specific gravity of 19.3, meaning that it is 19.3 times heavier than water. So gold weighs 19.3 kilograms per liter. A liter is a cube that measures 10 centimeters (about 4 inches) on a side. There are 32.15 troy ounces in a kilogram. Therefore, the world produces a cube of gold that is about 4.3 meters (about 14 feet) on each side every year. In other words, all of the gold produced worldwide in one year could just about fit in the average person's living room!
This cube weighs 1,555,210 kilograms (3,110,420 pounds). A recent spot price for gold was $256.10 U.S. -- using that number, all of the gold produced in a year is worth $12,805,000,000. That's a lot of money, but not an unimaginable amount. For example, that's about how much the Pentagon spent launching the GPS satellite system. NASA's budget in 1998 was $13.6 billion.
Figuring out the total amount of gold that has been produced by man is a little harder. To get at some kind of estimate, let's figure that the world has been producing gold at 50 million ounces a year for 200 years. That number is probably a little high, but when you figure that the Aztecs and the Egyptians produced a fair amount of gold for a long time, it's probably not too far off. Fifty million ounces * 200 years = 10 billion ounces. Ten billion ounces of gold would fit into a cube roughly 25 meters (about 82 feet) on a side. Consider that the Washington Monument measures 55 feet by 55 feet at its base and is 555 feet tall (17 x 17 x 170 m). That means that if you could somehow gather every scrap of gold that man has ever mined into one place, you could only build about one-third of the Washington Monument.
Platinum is even more scarce than gold. Only 3.6 million troy ounces are produced per year. Its specific gravity is 21.45, and it was discovered in the 18th century, not in 3,000 B.C. If you assume that the world has produced 3.6 million ounces per year for 50 years to estimate the total worldwide supply, all of the platinum in the world would fit in a cube that is 6.3 meters (about 20 feet) on a side. In other words, all of the platinum in the entire world would easily fit in the average home!
It is pretty funny to think that a person thinks he needs to add an addition to his home, to store his Gold ! Even with Silver, an area the size of a refrigerator would be worth a small fortune.
......................................................................................................
If you took all of the gold in the world and put it in one place how much would there be?
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<!-- dtl_id=11435 //--> It is amazing, but the total amount of gold in the world is a surprisingly small quantity. Here's how you can calculate the total amount that is available.
If you look at a page like this one, or if you look it up in an encyclopedia, you will find that the annual worldwide production of gold is something like 50 million troy ounces per year. Gold has a specific gravity of 19.3, meaning that it is 19.3 times heavier than water. So gold weighs 19.3 kilograms per liter. A liter is a cube that measures 10 centimeters (about 4 inches) on a side. There are 32.15 troy ounces in a kilogram. Therefore, the world produces a cube of gold that is about 4.3 meters (about 14 feet) on each side every year. In other words, all of the gold produced worldwide in one year could just about fit in the average person's living room!
This cube weighs 1,555,210 kilograms (3,110,420 pounds). A recent spot price for gold was $256.10 U.S. -- using that number, all of the gold produced in a year is worth $12,805,000,000. That's a lot of money, but not an unimaginable amount. For example, that's about how much the Pentagon spent launching the GPS satellite system. NASA's budget in 1998 was $13.6 billion.
Figuring out the total amount of gold that has been produced by man is a little harder. To get at some kind of estimate, let's figure that the world has been producing gold at 50 million ounces a year for 200 years. That number is probably a little high, but when you figure that the Aztecs and the Egyptians produced a fair amount of gold for a long time, it's probably not too far off. Fifty million ounces * 200 years = 10 billion ounces. Ten billion ounces of gold would fit into a cube roughly 25 meters (about 82 feet) on a side. Consider that the Washington Monument measures 55 feet by 55 feet at its base and is 555 feet tall (17 x 17 x 170 m). That means that if you could somehow gather every scrap of gold that man has ever mined into one place, you could only build about one-third of the Washington Monument.
Platinum is even more scarce than gold. Only 3.6 million troy ounces are produced per year. Its specific gravity is 21.45, and it was discovered in the 18th century, not in 3,000 B.C. If you assume that the world has produced 3.6 million ounces per year for 50 years to estimate the total worldwide supply, all of the platinum in the world would fit in a cube that is 6.3 meters (about 20 feet) on a side. In other words, all of the platinum in the entire world would easily fit in the average home!
Surely you must know that was tongue in cheek.
Say I buy some of these coins from a local dealer. How easy is it to sell them when the price goes up or down? Do I sell them back to the dealer?
sure your local coin dealer will buy back your K-rand,Eagle,Maple leaf, etc., much like he'd buy/sell anything else numismatic in nature.
I can't tell you what paperwork might be involved in whatever state you might live in.
I could just take a K-rand to my local dealer ( Steve), and get cash for it, or buy it cash, for that matter. These guys have a lot of ... shall we say "range" in how to operate their businesses.
I think I've hinted enough already , if you get my drift ?
)
I'll let you slide a bit on the addition to the house bit... but I don't think you knew a shoebox-ful of gold was like worth literally a million dollars !
I can't tell you what paperwork might be involved in whatever state you might live in.
I could just take a K-rand to my local dealer ( Steve), and get cash for it, or buy it cash, for that matter. These guys have a lot of ... shall we say "range" in how to operate their businesses.
I think I've hinted enough already , if you get my drift ?
)I'll let you slide a bit on the addition to the house bit... but I don't think you knew a shoebox-ful of gold was like worth literally a million dollars !
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sure your local coin dealer will buy back your K-rand,Eagle,Maple leaf, etc., much like he'd buy/sell anything else numismatic in nature.
I can't tell you what paperwork might be involved in whatever state you might live in.
I could just take a K-rand to my local dealer ( Steve), and get cash for it, or buy it cash, for that matter. These guys have a lot of ... shall we say "range" in how to operate their businesses.
I think I've hinted enough already , if you get my drift ?
I'll let you slide a bit on the addition to the house bit... but I don't think you knew a shoebox-ful of gold was like worth literally a million dollars !
I don't know my head from a hole in the ground when it comes to gold. I know I have some extra cash that I would like to do something with for giggles and shits and a few gold coins rolling around the house would be fun to follow.
I'll do some research and find out where I can buy 1 troy ounce coins in my area. That seems to be the denomination that would best suit me.
