Posts by Susan Hernandez82

Michael Morgan5 said:Look, you’ve got the spread, which varies depending on the dealer and what you're buying. Other than that, there aren't really "fees"—though I suppose you have to factor in gas, tolls, and grabbing lunch on the way to the shop...

Ico mentioned the paper route... the thing about Swaps is they nibble away at your profit through the overnight financing, which basically pressures you to close your position early. With physical gold, you don't deal with that headache; you just hold it and wait for the market to eventually swing your way.
If it doesn't move immediately, hey, at least you actually own the metal, and you can sit tight for three years until it hits $100,000... or maybe that was just Bitcoin I was thinking of.🤔

Edit... Capital gains tax! Totally slipped my mind. If you go the physical route, you don't have to worry about that hitting your pocket.

I finally settled on a gold ETF to avoid dealing with swaps. It seems like the simplest route. Haven't pulled the trigger yet; waiting for my account to get activated and everything else.

I'm not expecting some massive moonshot either. This isn't a long-term play for me. A 15% return would be plenty. I already laid out why I think prices will rise. Nobody in their right mind is dreaming of $100,000. You'd need a total collapse. Like the USA going bankrupt or something. Probability is 0.001%. As for Bitcoin, I'll just short it.🙂

Anyone here actually used a small business account through Charles Schwab?

I can't find any info on the differences between these two accounts, aside from the small business one having two users.

I’ve got cash sitting in my business account, but getting it out is the headache. I’m thinking about just buying shares directly through the company, but I’m not sure if there are hidden fees involved. Aside from the corporate tax on profits or capital gains, am I looking at extra costs? Between commissions and capital gains tax, is there anything else I should be worried about?

Anyone here actually used Charles Schwab to pick up gold or other currencies? Looking for real experiences.

Yeah, I'm not looking to hold gold long-term.

My logic is pretty straightforward. Everyone's talking about a recession. No one knows how deep it'll go or when it'll hit developed nations, but economists have been warning about this historically long bull market and those sky-high Shiller P/E ratios for a while now. It's a basic fact: gold prices climb when uncertainty hits, especially during recessions. Plus, I'm not even sure if the dollar will stay the ultimate safe haven anymore, given the massive deficits the US has been running lately. Primary deficits in the US are set to shrink, China is slowing down, and stock valuations are through the roof... Everything points to a correction this year or next. In that environment, holding gold makes sense. At least, that's my take. 🙂
I’ll probably stick to paper gold—maybe an ETF like someone suggested. I've been browsing online, and Interactive Brokers looks decent enough.
Thanks for the advice.

Arthur Long5 said:Could you perhaps try reading a bit more?
In all the gold threads, the same shops in Austria are constantly being mentioned, along with local dealers here in the States and over in Canada.
Wherever you buy it, you can sell it back there too, and if you had bothered to stay active on the board, you could have simply visited a dealer's website and read everything they have to offer. They often provide professional vault storage services as well.
You can even order gold online; I have done this myself and wrote two full pages about my purchase process and the specific vendor I used just a few posts ago.
But clearly, you aren't interested in doing the legwork... typical American, too lazy to read when someone is handing everything to them on a silver platter.

The purpose of this forum isn't to serve up easy answers for intruders and the lazy, but rather to facilitate the exchange of genuine experiences and perspectives...
This community has been helpful to me, and I found the information on where to buy within this very thread, yet I saw no reason to ask again when the answer has already been written a hundred times.

You're being difficult🙂. Like I asked you to lend me $1,000 and give me a lecture on gold trading. I just asked for advice on a brokerage. A name and some commission rates. Shouldn't be hard. It's easier if someone lists 2 or 3 brokers than having to dig through 544 pages of history to find one. I know how to Google buys Gold and stuff, but I wanted first-hand feedback from people.

Besides, you could apply that logic to every single question here: "go read old posts." By that rule, nobody should ever ask anything. From now on, no one is allowed to ask about brokers or buying methods because, hey, there are thousands of pages, so go read.

Also, prove that it's "typical" for an American to ask questions that have already been answered. Because it's not like Americans, or Brazilians, or anyone else does it more than others.

I'm going to run a comparison between Charles Schwab and Interactive Brokers to see which one actually offers better value.
Since I don't move massive amounts of capital (around $10), keeping those fixed fees low is my top priority.

Honestly, I can't decide between physical bullion or paper assets. My plan is just to flip it in a few months if I see a 10%-15% jump.
I'm not sure if buying investment gold for such a short window even makes sense. What are the overhead costs? Are there hidden fees?

ico1, I didn't follow your point about brokers. Why wouldn't I be able to withdraw my cash after selling?

Looking for advice on how to buy gold in the USA.

I did some digging online and found a few options:
- physical investment gold: mentions of Goldman Sachs, various bullion dealers, and local precious metal shops...
- trading via exchanges: mentions of E*TRADE or Charles Schwab...

What’s the simplest and cheapest way to pull the trigger on this? It's my first time. I have a brokerage account at BlackRock, but as far as I know, they don't handle direct gold purchases.

Basically, I need two things:
- a specific brokerage name
- the commission amount.
- any other info worth knowing