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Where to buy gold?




Hi
As the price is going down - apjm.com shows spot price as 816$ for 1oz coin - I want to buy a coin/bar.
Where to buy in Canada? In US, we have sites like apjm.com and kitco.com but here, I cannot find any.
RBC says I need to have an account to buy coins, which is not possible.
Does anyone knows any sites/shops where I can buy them?
Thanks


 
jake_ryan

Junior Desi
Member since: Mar 07
Posts: 7
Location: Montreal

Post ID: 125657 12-08-08 16:13:22
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HelloG
Senior Desi
Member since: Jan 08




Posts: 338
Location: vasudhev kutumbkam


With the Gold rate down thses days...I guess there couldn't be a better time to buy something or just invest into bar or coins.
We are also looking for some place to buy bars/coins but don't know where to go.


 
Post ID: 125730 13-08-08 12:09:02
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ftfl
Senior Desi
Member since: Jul 06




Posts: 2335
Location:

GOLD AND THE CURRENT MARKET CONDITIONS


Gold is moving in a downward trend. It is dropping down towards 775-778 mark and it will try and consolidate at that level for a while. Take advantage of the lower markets at that time. Watch out for the Labour day week end time frame.

When you buy Gold briquettes or the biscuit, or in wafer forms, there is NO sales tax or any other tax associated with it to purchase. And if you don't need receipts for the same, then contact any desi gold merchants or jewelers in town and keep in touch with them and ask for quotes on a daily basis. They always charge a small handling fee or you can call it a premium.

Coins always cost a little more and there are taxes associated with them. If you are a collector of coins then there are Numismatic Society or the clubs, and they are the best to watch.

Here is a small article to read : http://www.goldline.com/d/index.php?page=206&OVRAW=gold%20in%20biscuits&OVKEY=where%20to%20buy%20gold%20biscuit%20in&OVMTC=advanced&OVADID=24201277511&OVKWID=173283670011
http://goldprice.org/buying-gold/2006/09/gold-biscuit-bars.html
http://www.taxfreegold.co.uk/goldbiscuitsinfo.html
http://www.canadian-numismatic.org/index.php
Lots of reading for the Canadians: http://www.nunetcan.net/cpms.htm

Good decision for the long term BUY and holders.

Freddie.


 
Post ID: 125737 13-08-08 12:36:03
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rajcanadaMember of Administrators
Admin
Member since: Jul 03




Posts: 2713
Location: Kitchener, ON


You can get it shipped from Kitco to Canada. Refer to https://online.kitco.com/sellprice/Policies.htm

You can also buy gold at Questrade.com but I have no idea about their shipping charges.

Scotiabank also deals with gold.

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Post ID: 125815 13-08-08 21:12:38
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rajivjuthani
Senior Desi
Member since: Jun 05




Posts: 146
Location: Mississauga

Where to buy gold in Canada
I would suggest buy from Scotia Bank.

You do not need the physical gold , I think.

You can buy a certificate. Check the scotiabank website for details or call your nearest branch.

Rajiv


 
Post ID: 125820 13-08-08 21:47:08
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srinivas_23
Junior Desi
Member since: Mar 05




Posts: 27
Location:

go to www.bendex.com
they charge 15 to 20$ more for Bar making charges for 1 0z

 
Last edited by: srinivas_23 on 14-08-08 14:17:49
Post ID: 125871 14-08-08 14:17:25
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jake_ryan
Junior Desi
Member since: Mar 07




Posts: 7
Location: Montreal


I just spoke to scotiabank rep.
She said they charge $7USD for a 1oz gold bar. She said the spot price at 3:20pm EST was 831 USD.
So it comes to 838USD... She said it becomes 907CAD.

kitco charges 34$ for shipping and insurance so it comes to 865 USD if I buy from kitco.

I guess it is better to buy from scotia


 
Last edited by: jake_ryan on 14-08-08 15:33:00
Post ID: 125882 14-08-08 15:13:50
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raajen
Senior Desi
Member since: Sep 03




Posts: 434
Location: Canada


Hi,

Does the scotia bank sell gold in all the branches?

Thanks.


 
Post ID: 125895 14-08-08 18:14:33
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love_n_peace
Senior Desi
Member since: Jan 08




Posts: 269
Location:

No gold in branches of scotia bank
I went to LAwrence+Weston branck for the gold, they stright away refused to sell me. They Said I have to go only 44 king street west during 9 to 5 with 2 pc photo ID and Cheque for gold.

I did not like this.


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Post ID: 125898 14-08-08 19:23:25
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HelloG
Senior Desi
Member since: Jan 08




Posts: 338
Location: vasudhev kutumbkam


Quote:
Originally posted by love_n_peace

I went to LAwrence+Weston branck for the gold, they stright away refused to sell me. They Said I have to go only 44 king street west during 9 to 5 with 2 pc photo ID and Cheque for gold.

I did not like this.



They do not carry Gold but order it for you and the process may take 3-4 business days.Thats what they told me when i enquired with my nearest branch and they take cash/cheque/VISA.
What I want to know is what is the best form of buying from Bank?
*Certificate
*Bullion
*Bank gold bars


 
Last edited by: HelloG on 15-08-08 10:33:18
Post ID: 125949 15-08-08 10:25:55
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Contributors:
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love_n_peace(1)  mkannuri(5)  mynameisraj(1)  raajen(1)  rajcanada(1)  rajivjuthani(1)  rsk12(1)  
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