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Last updated 21-Mar-2012
In Hong Kong
| Silver
Dealers
|
Lee
Cheong Gold Dealers Ltd.
利昌金舖有限公司 |
Kitco
Hong Kong
香港金拓貴金屬 |
Swiss
Investors Corporation Ltd. |
LPM
Lucius Precious Metals |
On
Lung Gold & Silver Co., Ltd.
安隆金銀有限公司
|
| Products |
999
gold and silver bars from China; 0.8 tael, 1 tael, 4 taels, 500g
(decent looking) |
Rounds
and bars; Eagles, Maples, Cougars, Vienna Philharmonic, Australian
Lunar & Koala & Kookaburra, Kitco/SMI Sunshine, Canadian RCM
|
Rounds
and bars; Austrian Philharmonic (APM), Maples |
Austrian
Philharmonic, USA Morgan, NTR, Perth Mint, Canadian Maples &
Cougars, Eagles, Pandas, generic |
999
gold and silver bars; 29 to 34 taels (ugly, odd sizes); some Johnson
Matthew 500g bars (usually out of stock) |
|
Address
|
65-69
Bonham Strand East (文咸東街), Sheung Wan
(about 70 meters from the Sheung Wan MTR Exit A2) |
Floor
5L, Centre Mark II,
305-313 Queen’s Road Central,
Hong Kong Map
|
1602,
16/F, Gee Tuck Building,
16-20 Bonham Strand East, Sheung Wan
(MTR Sheung Wan, Exit A2) |
Unit
1, Level 12, International Commerce Centre,
1 Austin Road West, Kowloon, Hong Kong |
G/F,
276 Queen's Road Central (about 25 meters from Lee Cheong; walk
along Hilliar Street, 禧利街,
and cross Queen's Road) |
|
Hours |
9-5,
M-F |
Office:
9-5:30, M-F (except HK public holidays)
Online store: Mon. 9:00 a.m. to Sat. 1:00 a.m., (Closed on weekends) |
9-6,
M-F |
9-6,
M-F,
Sat. morning (by appointment only 1 day in advance) |
9-4:30,
M-F |
|
Selling price (to the customer) |
Around
3% over NY spot price plus a small making charge (HK$10 for 1 tael
rounds, $25 for 4 tael bars, $90 for 500g bars) |
Around
17-19% over spot for small items and quantities, less for larger
quantities |
Around 17% over spot for small items and
quantities |
Around 8-20% over spot for small
items and quantities
|
Ugly
bars: near spot price;
JM bars: around 45% over spot price |
|
Buying price (from the customer) |
Around
2% below spot for their own products; around 10% below spot
for for other products |
Around
2% below spot for their own products only and not more than
what was sold. |
Ask |
Slightly
over spot price, but ask first |
JM
bars: around 13% under London spot price |
|
Quantities normally available: |
In
stock: some 0.8 tael rounds, a few dozen 1 tael rounds; some 4
tael bars; 20 or more 500g bars
Available one day after deposit: 100 pieces of 500g bars
Available one week after deposit: 1000 pieces of 500g bars |
Thousands
of some popular items |
Ask |
Ask |
At
least 100 bars in stock |
|
Payment: |
Cash
and carry |
Cash
and carry or prepayment |
Cash
and carry |
Cash
and carry |
Cash
and carry |
|
Website URL:
|
None |
http://www.kitco.com.hk |
http://swiss-investors.com |
http://www.lpm.hk/ |
None |
|
Phone
|
2542-1975,
2542-1400 |
2827-7800 |
2511-1130 |
5187
1515 (English)
5102 4040 (Chinese) |
2543-9512,
2541-0758, 2541-0045, 2541-0184 |
In the US
| Company
|
Stout
Gold and Silver
|
Rocklin
Coin Shop |
The
Tulving Company
|
R.J.
O’Brien & Associates
|
|
Postal
Address
|
2300
W. 7th Amarillo, TX 79106
|
4870
Granite Drive, Rocklin, CA 95677
|
P.O.
Box 6200, Newport Beach, CA 92658
|
222
South Riverside Plaza, Suite 900
Chicago, IL 60606
|
|
Phone
|
806-374-8698
|
530-913
4359 (Breana)
530-913
0553 (Janelle)
|
714-545-3030
(Int’l)
|
312-373-5385
(Direct)
800-453-4494
(toll free)
|
|
Contact
|
Tom
Stout
|
Jason
Hommel (owner)
|
Mr.
Hannes Tulving
|
Joe
Nikruto
|
|
E-mail
|
N/A
|
silver_support1@vzw.blackberry.net
|
hannes@tulving.com
|
Jnikruto@rjofutures.com
|
|
Web
site
|
N/A
|
http://rocklincoinshop.com/
|
http://www.tulving.com/
|
http://www.rjofutures.com/
|
|
Trust-worthiness
|
#1
b/c Jay’s dealt with them a long time
|
Jason
is an active and vocal Christian, has Bible study information
online, offers free newsletter
|
Jay
has talked with Hannes Tulving on the phone and likes him
|
Jay
has purchased futures from RJO and recommended them
|
|
Price
(over spot)
|
Near
market rate
|
Near
market rate
|
Near
market rate
|
Spot
price
|
|
Storage
|
Yes
|
N/A
|
N/A
|
N/A
|
|
Time
to call from HK
|
9:30pm
– 6am
|
1am
– 7am
|
11pm
– 8am
|
9pm
– 6am
|
|
Shipping
|
N/A
|
One
day after payment
|
1
day after payment
|
unknown
|
By zip code in the US:
US
Coin Dealers
In other countries
Find
Your Local Coin Shop (by Jason Hommel)
Singapore and Malaysia
http://goldsilversingapore.com/sg/
Other information
Buying gold and silver
Rates change daily based on spot prices and
supply and demand. Expect to pay at least 2-10% over spot price when you
buy gold, and expect to pay 1-30% over spot price when you buy silver.
Richard Maybury's videos, Buying Precious Metals,
are also quite instructive: Part
1 Part
2 Part
3 Part
4
Selling gold and silver
Most sellers of gold and silver will also
buy it back, and some will give a better rate if you bring along your
receipt of purchase from them. Expect to receive 1-5% less than spot price
when you sell your gold and silver.
Measuring Weight
Gold and silver are normally measured in
troy ounces not normal avoirdupois ounces (used for measuring normal
things).
- 1 avoirdupois ounce = 0.911458333 troy
ounce
- 1 troy ounce = 1.0971428 avoirdupois
ounce
Also, note that there are different
measures for taels. Chow Sang Sang uses 1 tael = 37.429 grams.
It may be slightly different in Guangzhou, Shanghai or Taipei.
- 1 troy oz = 31.1034768 g =
0.831 tael
- 1.20337 troy oz. = 37.429 grams = 1
tael
- 1.6077 troy oz = 50 grams = 1.336 tael
- 3.2154 troy oz. = 100 grams = 2.672 tael
Products to ask for
- 90% junk silver coins (715oz of silver
in 55 pound bag; usually the cheapest)
- 100oz silver Englehards
- 1 oz silver Eagles
- 1 kilogram gold bar (32 troy ounces)
Storage:
-
Avoid storing more than 50% in
one place
-
Never store gold and silver in
banks; store it in a safe place in or near your home or a relative or
close friend's home.
-
Be aware of growing political
turmoil in Texas and other US states due to unhappiness with the
Federal government’s handling of financial and security matters.
In the event of violence, the safety depository may not be
safe.
Stout Safe Storage
- Smallest box:
3” x 5” x 24” US$20/year
- Other:
3” x 10” x 24” US$40/year
5” x 10” x 24” US$50/year …
- Largest:
11” x 16” x 24” US$125/year (3 cubit feet)
Comparison of one silver rounds from
Hong Kong and the US
Click
here to see a short video
Miscellaneous information
- Numismatic coins (i.e., supposedly rare collectibles) are marked up a lot more than bullion
(precious metal sold by weight), and there is sometimes some exaggeration in stated values and benefits of these coins (for example, "confiscation-proof".)
- You can also buy gold stored in a vault of a private company, but not all are honest. Jay trusts the Central Fund in Canada. You can buy this way like a stock on the NYSE. Symbols: CEF (gold and silver), GTU (gold), and SVRZF (silver).
- Further information: Practical
Ideas on Buying Gold and Silver
- Is it real? Try the PING
test (1 minute video).
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