BullionDirect > Business & Investing

Posted: 10/29/2009 12:50:34 PM EDT

Has anyone bought any PM's from BullionDirect.com... specifically their Nucleo exchange?

From what I gather, I can post PM's there for sale at my price, others can post bids, and they will attempt to settle. Seems like a good way to get the best bang for your buck.

On top of that... they will store your purchases there in a vault for free, and you can let them build up and have them shipped when you gather enough to make shipping worthwhile. And in the meantime, you can post the stuff in your vault for sale if you want to make some money on it if the price goes up without worrying about shipping back and forth.

Seems great on the surface... any experiences with them?

Posted: 10/29/2009 1:17:02 PM EDT

[#1]

Never let anyone hold your physical PM's but you.

Posted: 10/29/2009 3:13:56 PM EDT

[#2]

I understand the idea of that.

I'm not talking about anything long term; I'm talking about a couple months at the most so I can dollar-cost average and ship all at once rather than paying less-than-optimal shipping rates for smaller amounts of bullion.

Posted: 10/29/2009 3:24:41 PM EDT

[#3]

Do your PM dealings FTF, in cash and off the books.
Why? Because you can.

Posted: 10/29/2009 6:23:51 PM EDT

[#4]

I buy from APMEX, but if what yoou say is true, it sounds like a good deal. Keep us posted.

Posted: 10/29/2009 8:57:48 PM EDT

[#5]

I have never sold at BD, but have bought a lot of Silver from them. As you said, I buy over several months and have all my orders shipped at once. Saves a lot of money.

Posted: 10/30/2009 2:44:09 AM EDT

[#6]

Quoted:

Do your PM dealings FTF, in cash and off the books.

Why? Because you can.

I am doing that as much as I can, but think that the selling of PM's is more important to keep off the books than the buying.

Tragic boating accidents lose more than just guns, I'm afraid.

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