Bullion Dealers & Bullion Info

  

In Hong Kong

Company Lee Cheong Gold Dealers Ltd. Higher Chance Investments Ltd. Wong Sha Company Ltd. Sun Yip Hong Gold Dealers Ltd.

Postal Address

65-69 Bonham Strand East, Sheung Wan
( near the MTR)
200 Connaught Road
2705 Alliance Centre
Central
2/F, Jade Plaza
513 Canton Road
Jordan
Room 1802-03, 18/F
8 Pilkem Street
Jordan

Phone

2542-1975 2858-5888 2736-8930 2388-8519

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

 


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WORDS WE HOPE TO HEAR ONE DAY
"Well done, good and faithful servant; you were faithful over a few things,
I will make you ruler over many things.  Enter into the joy of your lord"
(Mt. 25:21 NKJV)

 WORDS ABOUT INVESTING
If you have not been faithful in the unrighteous mammon, who will commit to your trust to true riches?" (Lk. 16:11 NKJV)

WORDS OF WARNING
The Apostle Paul wrote, "Now godliness with contentment is great gain. We brought nothing into the world and it is certain that neither can we take anything out. So having food and clothing we will be content with that. But those who want to get rich fall into temptation and a snare and into many foolish and harmful desires, that plunge people into ruin and loss; because the love of money is a root of all kinds of evil; in their greediness some have been led away from the faith and have impaled themselves on many distresses." (1 Tim. 6:6-10 NKJV)

 TERMS OF USE
This information is public domain.  Jesus said, "Freely you have received, so freely give." (Matthew 10:8b)


This web page was last updated on 31 July 2010 .