Find fields & stores near you!
Find fields and stores
PbNation News
PbNation News
Community Focus
Community Focus

Thread Tools
Old 09-11-2007, 02:37 PM #1
Hobo BJ
Join Date: Feb 2005
Gold Question

Hey i wanted to buy some gold coins or bars. I was planning on keeping them for a few years until i needed some cash but im not sure how that would work. Can gold bars be exchanged for money at a bank or would i have to sell these things myself? Thanks
Hobo BJ is offline   Reply With Quote
Old Sponsored Links Remove Advertisement
Old 09-11-2007, 07:28 PM #2
SoMich_Tom's Avatar
Join Date: Mar 2005
Location: Whitmore Lake, MI
SoMich_Tom is a Supporting Member
Like any asset, they can be exchanged to anyone who will purchase them.

Banks do not deal in precious metals.

You would most likely sell them back to a precious metals broker and there are lots of those out there. Individuals, pawn shops, etc are also an option if you can get a price you like.

Just an FYI...Gold has been at all time highs for a while now. General investing principles say to buy low, sell high. Where will Gold go in a few years? We don't know. Most experts in the field are not considering it a good time to get into the Gold market.

I am not a market analyst, these are not opinions of my own and this (plus a truckload more) of information on precious metals is available from any popular precious metals site.

For prices, check out:

For buying, check out:
SoMich OG
SoMich_Tom is offline   Reply With Quote
Old 09-11-2007, 07:33 PM #3
Hobo BJ
Join Date: Feb 2005
thanks, ill check those out.
Hobo BJ is offline   Reply With Quote
Old 09-11-2007, 07:43 PM #4
t_mo (Banned)
t_mo's Avatar
Join Date: Aug 2001
Location: Boston
 has been a member for 10 years
You could also park your money in a fund that tracks gold. Much more liquid and transparent, also safer than simply having gold bars.
t_mo is offline   Reply With Quote
Old 09-11-2007, 07:48 PM #5
Rockin' Cocks
chillinspyder2's Avatar
Join Date: Sep 2006
Location: Virginia
i just recently bought some coins
90% silver
should be useful in a few years
chillinspyder2 is offline   Reply With Quote

Thread Tools

Posting Rules
Forum Jump