Last updated 25-Sep-2014
International
It is best to bullion
instead of sovereign coins, e.g., Eagles, Maples, etc., since
governments can recall these in times of social unrest and merely give
people the melt down value. However, not all bullion is trustworthy,
nor can its authenticity be immediately verified without proper
documentation. Furthermore, in times of social chaos, large amounts of
gold many not be convenient for quick barter transactions, so silver
is better for that. Small quantities of gold may also be useful.
Karatbars International
Karatbars GmbH gold bars are characterized by both easily recognized premium quality and highly skilled craftsmanship.
They work only with gold refineries that are listed under the “London Good Delivery”.
All Karatbars 1 gram Gold bars are certificated and laminated with UV protective
film, stamped with a valid trademark and include an Assayers signature
and a unique hologram on the reverse side of the bar, which is intended both as a security feature and for visual appeal.
Karatbars goldbars guarantee value stability and serve as a means of financial security in tough economic times. They can also be used as a method of payment and means of exchange.
The company's headquarters and the logistics center
is located in Stuttgart. Deliveries in smaller quantities are packaged under video surveillance at the home of Karatbars International and shipped via FedEx daily.
The company sells its innovative products worldwide in over 70 countries.
The owner, Harald Seiz has a vision to help people in all 194 countries of the earth
attain some financial security through Karatbars.
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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. |
Book
Silver Precious Metals Pte. Ltd. |
LPM
Lucius Precious Metals |
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 |
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) |
香港上環皇后大道中348號 金煌行
13樓 B室
Room B, 13/F, Gold Shine Tower, 348
Queen's Road Central, Sheung Wan, Hong Kong |
香港
中環 都爹利街6號 印刷行 9樓
905室
Unit 905, Level 9, Printing House, 6
Duddell Street, Central, Hong Kong
|
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 |
|
9:30-6,
M-F,
Sat. morning (by appointment only 1 day in advance) |
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
|
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 |
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 |
Payment: |
Cash
and carry |
Cash
and carry or prepayment |
Cash
and carry |
|
Cash
and carry |
Website URL:
|
None |
http://www.kitco.com.hk |
http://swiss-investors.com |
http://www.booksilver.com.hk/ |
http://www.lpm.hk/ |
Phone
|
2542-1975,
2542-1400 |
2827-7800 |
2511-1130 |
3568 0803 |
5187
1515 (English)
5102 4040 (Chinese) |
In the US
Company
|
Stout
Gold and Silver
|
Renaissance
Precious Metals |
Gainesville
Coins
|
Postal
Address
|
2300
W. 7th Amarillo, TX 79106
|
315 Edelweiss Drive
Bozeman, MT 59718
|
17860 N. US
Hwy 41 Lutz, FL 33549 |
Phone
|
806-374-8698
|
(406) 586-4842
|
(813)
482-9300 |
Contact
|
Tom
Stout
|
Steve Quayle
|
Joe Reynolds |
E-mail
|
N/A
|
Click
here
|
joe@gainesvillecoins.com |
Web
site
|
N/A
|
http://www.sqmetals.com/ |
www.gainesvillecoins.com |
Trust-worthiness
|
In
business for a long time;
Jay O'Keefe dealt with them for many years
|
|
|
Price
(over spot)
|
Near
market rate
|
|
|
Storage
|
Yes
|
|
|
Time
to call from HK
|
9:30pm
– 6am
|
|
|
Shipping
|
N/A
|
Immediate; they only sell what they have
in stock
|
Within 3-5
business days of the order being placed; they only sell what they
have in stock (except for special pre-sale items) |
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:
-
Store precious metals in a safe place in or near your home or a relative or
close friend's home.
-
Avoid storing more than 50% in
one place.
-
Never store gold and silver in
banks, since they usually have terms that in the event of war or
emergency they can keep it all.
-
Never store gold and silver in
depositories either. They used to be safe, but some governments,
especially the US government,
will probably commandeer all depositories. It's the easiest way to
collect without having to do a lot of work.
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".)
- Further information: Practical
Ideas on Buying Gold and Silver
- Is it real? Try the PING
test (1 minute video).
- Gold and silver are much better than
diamonds or gems in a time of crisis, because they are universally
known
to be of value and are usually measured by weight and can be trusted for
bartering. Normal people will not know
the value of diamonds and gems in a time of crisis.
- Cigarettes and alcohol are also of known
value and can be bartered in times of crisis.
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