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Q. |
How easy is it to buy precious metals from NGSE? |
A. |
NGSE is here to help you safely and easily acquire
precious metals. Our professional and knowledgeable staff are
standing by waiting to assist you.
Just call NGSE at 386-445-1332 to speak with a NGSE account
representative about prices, account options, and what products are available
and appropriate for your portfolio. Once you decide on products and quantity,
the account representative will give you a price quote. When you place
the order, you have the choice to pay by check, bank wire, or credit
card. As soon as funds are cleared, NGSE will deliver your purchase order
to your address within 7-10 business Days. |
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Q. |
Is there a limit to how much gold or silver I
can own? |
A. |
In the U.S., there are no legal limitations on
how much private gold or silver one can own. At NGSE we stress
diversification of assets as a way to spread your risk. We believe
in investing around 5% to 20% of your investment portfolio in
precious metals assets. To find out how much is appropriate for
you, please ask your financial advisor, then call NGSE today
to speak with a account representative. |
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Is
there a difference between bullion coins and rare or "numismatic" coins? |
A. |
Yes. The biggest difference is that the value
of gold bullion coins is tied to the market price of gold (the
same goes for silver, platinum, and palladium coins) while the
value of numismatic coins is determined by scarcity, individual
beauty, uniqueness, historical significance, and investor/collector
demand. |
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How do I know if a bullion coin is authentic? |
A. |
NGSE
only sells REAL, authentic bullion
and coins. The weight and fineness of a coin or ingot is mostly
stamped directly onto the bullion when it is minted, assuring
quality and authenticity. |
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Q. |
Is the value of my bullion affected by marks
or scratches on the bullion? |
A. |
Not likely. Bullion value is tied to the market
price of gold so the physical appearance is not factored into
its resale value. |
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Q. |
What are the benefits of diversifying my portfolio
with precious metals? |
A. |
Unlike many other investments, precious metals
are not just a promise of money, they are real money. Having
these intrinsically valuable, tangible assets in your portfolio
can reduce overall risk and serve as a hedge against rising inflation
and a devaluing dollar. Precious metals can also act as a safe
haven for your wealth in times of social, political, and economic
unrest. |
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Q. |
Should I acquire European gold or American gold? |
A. |
The type of gold you acquire is a matter of personal
choice and depends on your specific financial goals. We strive
to offer you a large catalog of gold acquisition options from
all over the world. Call now and speak with a NGSE account representative
to learn more about your options for acquiring gold and other
precious metals. |
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Q. |
How
do I best store my bullion purchases? |
A. |
Where
you store your bullion depends on several factors, including
the size of your purchase. If you are purchasing
bulk quantities of bullion consider enlisting the services of
a registered precious metals storage facility. If you prefer
keeping your bullion close at hand, consider ordering smaller
sized bars or bullion coins since they can be stored and transported
with relative ease. If you are worried about the safety and security
of your bullion, you may consider storing it in a vault at a
bank or a registered storage facility. Many of our clients purchase
home vaults/safes to control their own holdings. |
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Q. |
Can NGSE recommend a secure depository
to store precious metals? |
A. |
With
physical metals it is pretty simple - The investor owns the
physical
product. The only decision that needs to be made
upon purchase is whether to take actual delivery of the bullion
or to have it held in a depository. Depositories are bonded,
fully insured by Lloyd's of London and properly audited
with your account reflecting vault-verification and actual
ownership of the physical metals. Now, we have two solutions
for the secure storage of your precious metals.
First State Depository in Delaware, Brink's
LA or a depository of your choice will store your precious
metals for you. And, when you are ready to sell, you just
transfer it over to our account and it will be handled as
a sale of bars/coins received by us, and paid the same way
as our other accounts are handled. Also, if you store the
items with First State Depository or Brink's
LA, there are no more shipping delays and waiting to
get paid. Investors can liquidate their physical metal holdings
at any time, without delay and without any hidden liabilities
to be satisfied prior to distribution of the proceeds. You
tell them, in writing, you want to transfer the bars/coins
to our account, and as soon as that is done, we will proceed
to start your payment settlement.
How nice is the facility at First State Depository?
Go see for yourself. You can arrange a viewing of your precious
metals at any time at First State Depository. Just
call Eric Higgins to arrange your tour.
You DO NOT have to make a purchase from us or make
a new purchase at all. If you already own precious metals,
you can store them at First State Depository.
We would be happy to ship your items directly, that you purchase
from us, to First State Depository or deliver to Brink's
LA, as long as you have an account there.
First State Depository Contact
Information
Eric Higgins, Head Of Customer Service
E-mail: ehiggins@firststatedepository.com
Phone: 302-765-2760
100 Todds Lane, Wilmington, DE 19802
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We
also
use:
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Brinks (Precious Metals Storage
Division)
Sonia Garcia, Manager
E-mail: sonia.garcia@brinksinc.com
Phone: 213-763-4076
1120 W Venice Blvd, Los Angeles, CA 90015
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Q. |
Can I sell my precious metals back to NGSE? |
A. |
Yes.
NGSE not only sells coins, we buy them back as well. To trade
with us, all you need to do is open an account.
When you are ready to trade just call NGSE and speak with one
of our account representatives who will go over your selling
options and explain NGSE's procedure for buying back precious
metals. |
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Q. |
If I sell my bullion coins for a
profit, am I required to pay taxes? |
A. |
Yes. Depending on how long you hold
your bullion before selling it for a profit, you will either
be taxed for a long-term or short-term taxable gain. NGSE is
not required to report most types of numismatics coins upon liquidation,
how you treat it on your books is your business. Call now and
speak with your account representative to find out more about
these options. |
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Q. |
Do dealers buy coins back at the same price they
sell them? |
A. |
No.
Like other dealers, there is a price difference between NGSE's "ask" price and our "bid" price.
This price differential is often referred to as the "spread" or "transaction
cost." Typically, bullion coins have a lower spread
than numismatic or semi-numismatic coins. In order to earn a
profit
selling back to us, you must sufficiently overcome the spread,
or price differential, so it is vital you understand this concept
before trading or exchanging coins. |
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Q. |
Physical Metals vs. ETF? |
A. |
Physical
metals are the only asset class that is not someone else's
liability and they are accumulated, not consumed. With physical
metals, it is pretty simple –the
investor owns the physical product. The only decision that needs
to be made upon purchase is to whether to take actual delivery
of the gold, platinum and silver bullion or to have it held in
a IRA depository, a service provided by Sterling Trust or Goldtrust for
which, all its sub custodians, are bonded and insured. NGSE investors
can liquidate their physical metal holdings at any time, without
delay and without any hidden liabilities to be satisfied prior
to distribution of the proceeds. When you own physical metals,
whether in hand or in a vault (properly audited with account
reflecting actual ownership of physical metals), there is no
disputing the fact of what is owned. With an ETF, what is owned
is less clear. ETFs provide the appearance that, in lieu of its
investors being burdened with transport, storage and sale of
physical metals, the ETF holds the metals in trust, and the investor
owns a percentage of that holding. The reality, however, is quite
different. The stated objective of an ETF is for the value of
its shares to reflect the price of bullion less the expenses
of operating the fund. Investors own shares in the fund, often
maintained in the form of trust, and the shares are units of
fractional, undivided beneficial interest in and ownership of
the trust. Shareholders do not own physical gold and may not
take possession of the physical metals in the ETF fund; even
if shareholders could take possession, the bullion may not be
readily accessible. Looking at the most recent prospectus of
the largest gold-backed ETF in the United States, investors will
discover that its custodian, together with its bullion holdings,
are not even in this country but are in London. Contrary to appearances,
an ETF is not much different from futures contracts or other
bullion derivative products as shares are not sufficiently backed
by bullion. |
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Q. |
Physical Metals vs. Mining Stocks? |
A. |
Many
investors have tried to take advantage of the precious metals
bull market by utilizing mining stocks, because
they may yield higher percentage increases when gold and silver
prices rise. However, investing in precious metals stocks involves
risks well beyond owning the physical asset. The documented risks
are many and may vary. Unforeseen problems can send stocks crashing,
which has happened to many stocks. Most mishaps are caused by
the company's management. Mining stocks and other precious
metals companies can over estimate the size and the grade of
ore deposits. A company’s business expenses and costs of
extracting the ore may be higher than expected resulting in lower
profits or losses. For example, Sunshine mining and refining
is one of the many companies that have seen disastrous results.
Trading at $13/per share in1988 on the NYSE then trading at less
than .05 cents/per share on NASDAQ in 2000.
More examples are Ashanti gold fields (Ghana) and Cambior (Canada). In
1996 Ashanti traded at $25/per share in 2000 Ashanti traded below a $1.50/per
share. In 1996 Cambior traded at $16/per share in the last quarter of
2000 Cambior traded at below .25 cents/per share.
Remember when choosing a vehicle investment to participate in this monumental
precious metals bull market, investments such as ETF'S and precious
metals stocks have financially devastated investors whereas the value
of the metals has never gone to zero. |
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Q. |
Where do I get bank wire information? |
A. |
Please
call 386-445-1332 for wire instructions. |
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Q. |
What are the shipping, handling, and insurance
charges? |
A. |
Our shipping/handling/insurance charges
are as follows:
All orders must be insured: $25.00 shipping, insurance & handling
covers most Gold and Platinum orders, plus :
Gold: $1.00 per ounce
Silver: 0.25 per ounce
Platinum: $1.25 per ounce
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Q. |
What Forms of Payment are Accepted? |
A. |
We
deposit all payments immediately upon receipt. “Good
Funds”are when payments clears our bank, according
to the following schedule:
- Personal checks -- 10 business days
- Money orders -- up to 10 business days*
- Cashiers checks -- up to 10 business days*
- Bank wires -- Released for shipment within 24 to 48 hours
(Recommended)
- Credit Card -- Released for shipment within 24 to 48
hours (Orders $2500 and Under)
*Please note: Because of a nationwide
increase in fraudulent cashiers checks and money orders,
these forms of payment are no longer treated like cash by
banks. Instead, they are held for up to 10 days until funds
clear, just like personal checks. We have no recourse but
to follow these bank procedures. The only way to expedite
your order is to wire funds directly from your bank to ours.
We apologize for any inconvenience caused by this change
in policy.
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