Who deals in gold or silver?

[theclemsonkid]

So I'm looking at some more investment choices and gold and silver keep coming up. Here's the thing I don't get. When you want to "buy" either metal, you will be paying very close +/- 5% of the market value. When you go to "sell" either metal, you are only getting offered between 50 and 66% of market value.
So, if I were to buy either, I would have to hope that it increases at least 50% just to cover the costs of selling at some point? That seems like an awfully risky move...
And yes, I know that Gold is up like 800% or whatever since 2004, but those days are long gone, so Im looking for something a little more realistic...

 

[bang guy]

I sold nearly all of my silver in 2011 when it hit $50 an ounce. I never had much gold.
In my opinion the day of monster return for precious metal has left for a while. Maybe not forever but I think for the near future.
The overhead you're referring to seems unreasonable. Have you looked at APMEX? You might also be able to see if a local coin dealer would be willing to order a monster box from the mint for you.
How much $$ are you wanting to invest? The more you put in the lower the overhead will be.
Also look at silver as a fund. Then there's no shipping of bullion to store. The overhead is generally the difference between buy & sell price + broker fee.

 

[reefraff]

Personally for a non traditional investment I would look at bare farm or ranch land in the mid west with the water rights attached to it. The taxes are really low and sooner or later someone will want the water rights. Over 10 years ago my brother was offered 80K for the irrigation rights on his 18 acres.