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Best way to buy gold?


#1

Greetings. I have worked almost exclusively in silver for a
while; but now find myself wanting to do some goldsmithing.
What is the most economical form in which to buy gold?

The fabrication charge from most of the jewelery supply source
catalogs I have seems pretty high for small quantities (say 1-2
oz. at a time). I can buy gold coins in either 22 kt or 24 kt
for $.50 per dwt over spot (22 kt Krugerrands) or $.70 per dwt
over spot for 24kt (Maple leaf, etc.), in as small as single-coin
lots.

I have ingot casting, rolling, and drawing tools. Is this a
good way to buy gold? And, is the 22kt alloy in Krugerrands
suitable for 22kt jewelry? If I do this, what problems am I
likely to encounter when fabricating my own gold wire and sheet?

Thanks in advance for all advice.

Regards,

Bob Edwards
Chromis Designs


#2

Bob, i would stick to maple leafs which are 24 kt and alloy for
specific needs. Rands a alloyed with copper and i find it leaves
too many variables for good casting results. i usually buy pure
shot from a local metal refiner liquidator which usually runs
about $8 oz over spot. shop around the coins are a little costly
but you might be able to buy damaged ones at local pawn shops for
closer to spot. i usually get my alloys from united precious
metals 1-800-999-3463 they have a #200 yellow i have had great
results with both for casting and milling. give them a call they
are very helpful and knowledgable. Frank


#3

Hi marshall here , why buy coins when you can buy ingots for the
same money? find a good gold broker or contact your local stock
broker . They have access to gold on the comex exchange . any
quantity you need at about 3% over spot .


#4

Hello Bob: I think it is the best way to buy your gold.I usually
buy “Canadian Maple Leaf” coins and melt and pour my own 24K
casting grain,(via crucible into bucket of water).Then I alloy as
needed to whatever karat I need.The reason I don’t use Krugerand
is because the alloy in it changes the tone of any karat you
alloy too. If you are gonna make a 22K piece it is fine to use
the Krugerand.It is slightly rosey in color.I have not had any
problem with using cions for my gold.

Now is the time to buy if you can,Gold is down as you know.

Michael Mathews Victoria,Texas USA


#5

buy 24k not 22 and alloy it yourself . ibuy alloy from PM West
in los angeles. about $3.00 per oz with tech support. call 800
they will give ya thier #.


#6
   buy 24k not 22 and alloy it yourself .   ibuy alloy from PM
West in los angeles. about $3.00 per oz with tech support. 
call 800 they will give ya thier #.

Their number is 1-800-plat

John and Cynthia/MidLife Crisis Enterprises
Maiden Metals/C. T. Designs/ Bloomin’ Wax Works. etc.

PO Bx 44, Philo
CA 95466
Ph 707-895-2635 FAX 707-895-9332

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