Hey does anyone know anything about buying gold or silver boullion? I am thinking small 1 oz bars would make nice gifts for my grandkids and such. When a bar comes from the Candian Mint, does it have a fixed price or is the price subject to the fluctuations of the gold on the market?
I believe the main branch of RBC in downtown Toronto or some other major branch has a precious metal outlet. You can also purchase gold
and silver coins and bars from TD Canada Trust. Note that the
minimum purchase for silver is 25 oz. Check for the details from the
link below.
I believe the Mint charges a slight premium (depending on design) over market price for 1 oz. Some of the older designs actually command a respectable premium over spot 1oz prices too.
Hey does anyone know anything about buying gold or silver boullion? I am thinking small 1 oz bars would make nice gifts for my grandkids and such. When a bar comes from the Candian Mint, does it have a fixed price or is the price subject to the fluctuations of the gold on the market?
Gold & silver are sold according to the spot pricing plus premium.
If you go to smaller coin shops and NOT the banks, you can negotiate the premium. you should be able to buy 1oz gold for 2% over spot or less
Just checked out the site - the 5 gram bars form Perth Mint look kind of cool (I have spent a lot of time in Oz) - so I thought I might buy a couple for the kids - current pricing is $228.33 versus the spot price (currently) of $205.9 (for 5 grams), so is not much of a premium for the actual packaging/presentation etc.
Let me knew if you find a better price. I have bought gold from them. I am not a gold bug, but,I put about two percent of my savings in gold bars which I store in a safety deposit box.
I am not looking into investing, just picking up birthday gifts for the grandkids and cousins. There is no way I would put my money into something as static and risky as gold. I want what little money I have to work for me instead of sitting in a safe waiting for the market to drop.
I am not looking into investing, just picking up birthday gifts for the grandkids and cousins. There is no way I would put my money into something as static and risky as gold. I want what little money I have to work for me instead of sitting in a safe waiting for the market to drop.
You can also buy from Express Gold Refiners ,229 Victoria St ,across from Canon Theatre.They primarily deal with the jewellery trade ,however ,once they buzz you in ,you will find them very accomodating.
4th floor(They own the entire building)
I am not looking into investing, just picking up birthday gifts for the grandkids and cousins. There is no way I would put my money into something as static and risky as gold. I want what little money I have to work for me instead of sitting in a safe waiting for the market to drop.
Still let us know if you find a better price than kitco.
I put 2% of my money into gold not because I see it as an investment, but because I see it as a hedge. There is a reason why 98% of my money is "working for me". Kitco is set up to deal with investors but they will happily sell you certified coins and such at a good price and send them securely by courier to your home. When I went to buy gold, I could not find a better price -- but then, I did not spend a whole lot of time hunting down the best price.
you are a better man than I am probably. maybe you have more to invest, I am super conservative with what money I have. still, I am just looking at this gold being a birthday and graduation treat for the little ones. I will defiantly look up that site, thanks!
I am not looking into investing, just picking up birthday gifts for the grandkids and cousins. There is no way I would put my money into something as static and risky as gold. I want what little money I have to work for me instead of sitting in a safe waiting for the market to drop.
If it's a "gift" then why are you concerned with the price? If the price of gold drops 30%, then that's basically too bad. You're not investing in it so why be concerned about the price? If you can't afford to buy them gold today, then buy something else.
