[Bedevere]

Does anyone here have any experience dealing with Kitco (http://www.kitco.com/)?
If so...
-your thoughts?
-quality products? condition (if not new)?
-discreet packaging?
-timely delivery?
etc etc

I have heard they are pretty good but this would be a big help.
thanx

[drattom]

I ordered from them 4-5 times and the only problem I had was I ordered gold maple leafs and they sent by mistake gold bars instead. They called me to ask me if I prefer to return the bars to exchange for coins or keep them and put the difference for my next buying.
Everytime I recommend to a friend to buy gold I refer them to Kitco.

I never got old products, always new ones in perfect condition.

Package are boxes or cushioned envelopes depending on the size of your order. The only indication that it can be something of value it's the sender address and even there, if somebody reads it, he needs to know what kitco sells to it can be great value.

I always received delivery in 3-4 business days.

Only thing I don't like is the pools, I need to sell and buy coins with money. It's a great transaction fee. I don't like pool, there is no official papers, they only have my address. If I die, can my succession get the money? When I want to put money in a gold account for future delivery, I use goldmoney, I can pay kitco orders with it.

[hope_full]

I went there today to look at silver prices and availability and they're showing only TWO bullion products: Silver bars for $9,810 and gold bars for $298,000. That's it.

What's up with that?

[Micki]

$this->bbcode_second_pass_quote('hope_full', 'I') went there today to look at silver prices and availability and they're showing only TWO bullion products: Silver bars for $9,810 and gold bars for $298,000. That's it.

What's up with that?

[hope_full]

$this->bbcode_second_pass_quote('', 'Y')ou just started looking at investing in PM's ?
Sounds like you completely missed the fact that there has been physical shortages the last 6 months, mints have suspended productions and physical market has decoupled from the heavily manipulated paper market.

[Micki]

$this->bbcode_second_pass_quote('hope_full', '')$this->bbcode_second_pass_quote('', 'Y')ou just started looking at investing in PM's ?
Sounds like you completely missed the fact that there has been physical shortages the last 6 months, mints have suspended productions and physical market has decoupled from the heavily manipulated paper market.

[eastbay]

It's not just Kitco. The local PM dealer in Portland is now almost solely a buyer and not a seller of PM's.

This weak supply situation should lead to MUCH higher prices in the near term. This would be true under 'normal' conditions, but what we now have isn't anything close to 'normal'.

[JJ]

$this->bbcode_second_pass_quote('ColossalContrarian', 'b')ought some silver yesterday at $15.33 not too shabby.... $16 was originally my buy point but that got blown out of the water!

Lets see what happens in the coming weeks, maybe $14 or even $13?

[ColossalContrarian]

By the time all is said and done, the 10oz's bar will have been purchased at $17.79 an oz including shipping and handling.

Yes, that is quite the markup ($2.46) but cheaper than all the local dealers who are $4-$5 over spot -and actually that's not a fair comparison because they sell American Eagles and not bullion bars.

I plan on holding my silver stash for about 20 years (I'm 31) so the hope is that over the next 20 years silver goes up above $17.79oz

Anybody getting better deals?

[Jotapay]

$this->bbcode_second_pass_quote('ColossalContrarian', 'A')nybody getting better deals?

[Olaf]

Ok, so I don't have to sift through 50 pages...what are some good places to buy silver? Coins, bars? How do you sell your silver when you want to cash some in and so that you are getting a fair market price? I'd thought about this before and never acted on it. I'm reconsidering.

Thanks.

Olaf

[Arsenal]

$this->bbcode_second_pass_quote('Olaf', 'w')hat are some good places to buy silver? Coins, bars? How do you sell your silver when you want to cash some in and so that you are getting a fair market price?

[Jotapay]

I've always used APMEX. They have pretty good prices and only show what is in stock.

You can sell silver on ebay or craigslist. 1 ounce silver coins are selling for around $20 on ebay.

[Arsenal]

As far as coins vs bars.... Personally preference. Here is my experience.

1. 90% silver coins. Pros: Most of the time it is cheaper per oz, highly recognized, not worth counterfeiting, still legal tender, theorized to be the best SHTF currency. Cons: You can lose money in the sell back, bulky to store compared to bars

2. Silver American Eagles. Pros: Highly recognized, hard to counterfeit, great sell back premiums, legal tender. Cons: Extremely high premiums

3. Silver bars 1-100 oz. Pros: Lower premiums, still transportable, best option if you are working the G/S ratio. Cons: Hard selling for good price if the bar is not from a recognized company,

4. Silver bar 1000oz. Pros: Lowest premium Cons: Unbelievably heavy bastards, not easily divisible in SHTF situation.

I personally keep a core holding that I do not touch. Some 90% and SAE's that I do not use to work the ratio. The 10-100 oz bars I keep around just to get into gold american eagles.

Selling has been really easy. Gold and silver are still one of the most liquid assets to own.

[JJ]

yeah, I've always bought from Paul Sims, but called them and 380 a roll for SAE (19. each) ugghhh.

[Roy]

Coin shop in my town as of yesterday:

SAE : $25@
Rounds: $20@

I asked him what he would pay for silver rounds or SAE's

Rounds $12@ with spot at ~$16 (seriously wtf)
SAEs: Spot.

He won't be getting any of my business.

[Olaf]

So, it seems I could surmise many coin shops sort of operate like pawn shops?

Olaf

[Jotapay]

$this->bbcode_second_pass_quote('Olaf', 'S')o, it seems I could surmise many coin shops sort of operate like pawn shops?

[Arsenal]

$this->bbcode_second_pass_quote('Roy', 'C')oin shop in my town as of yesterday: SAE : $25@ Rounds: $20@
I asked him what he would pay for silver rounds or SAE's : Rounds $12@ with spot at ~$16 (seriously wtf) SAEs: Spot.
He won't be getting any of my business.