Bullion Dealers & Bullion Info

  
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.

 

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 B

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

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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)

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This web page was last updated on 25 September 2014 .