FAQ

1. Why should anyone buy gold - isn't inflation under control?

• Anyone who buys anything knows that inflation's not under control. It's the government supplied inflation numbers that are under control.

• Gold should be bought for two reasons - First as insurance against the unthinkable; a financial catastrophe. If you think there's a 5% chance of that, then that's the percentage of your assets that should be in gold.

• Second reason, and this applies to silver as well, is pure speculation. By any standard of measure, both metals are undervalued and selling at below their cost of production: (See our Mission Statement)

2. Is it too late to buy gold, how high is it going to go?

• Admittedly it is late in the cycle, but it's never too late to make the right decision. Short term, $1850 per ounce is expected near term then up to $2200 this year. After that it depends on the US dollar's direction. Consider gold and silver as INSURANCE against a dollar collapse.

3. How long does it take to get my coins/metals?

• We do a cash and carry business. Most popular items (Krugerrands, Eagles, Maple Leafs) are available for immediate delivery. If we don't have it, we can get it in 2 or 3 days with payment in advance.

4. What kind of payment do you accept?

• No cards of any kind. They're not economically in our favor. Bank wires are required for large or out of state orders. Cashier's checks that are verifiable. Cash, in under $10,000.00 amounts. Personal checks need to clear before delivery.

5. Is there sales tax added?

• No. Though Arizona has a sales tax, precious metals and coins are exempt from it.

6. Can I just leave my coins or metals stored with you?

• No, and you shouldn't want to leave them with any dealer. If it's speculation or convenience you want, you should buy gold stocks or trade futures. Keep your coins with your other valuables in a bank safe deposit box, private vault or home safe. If you're out of state we ship via registered, insured mail.

7. Are there any government forms to fill out?

• None at all when you buy, regardless of quantity. If you attempt to pay cash in excess of $10,000.00, IRS form 8300 must be filled out.

• When selling South African Krugerrands or Canadian Maple Leafs in quantities of 25 or more, or silver bullion in excess of 1000 ozs., Social Security number, name and address must be supplied for a year end 1099B gross proceeds report.

8. What is the "spot" price.

• It is the cash price at a given moment for large quantity metals delivered in New York. It is the basis for determining retail bar and coin prices.

9. What determines the premium you pay vs. spot or the discount you get vs. spot if selling?

• It varies with market conditions. When the public is a net seller our only outlet is the scrap/refinery buyers. That's right, those beautiful coins get melted! When buying is strong, as all this year, our sources for coins and metals are the various mints and large banks or dealers who mark up prices.

10. What about the possibility of future gold confiscation?

• About as remote as another 1933 set of circumstances. The dollar/gold redemption policy ended in 1971. There is no restriction currently on dollar creation. The last legal restriction of gold ownership in this country was superseded in January 1975.

11. Is there a purchase minimum?

• We have a 100 oz silver and 5 oz gold minimum purchase for orders that require shipment.  No minimums required for walk-in clients.