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Hi all -- I finished my research on North American online dealers. The article is here. My spreadsheet with all the prices is linked an article. In the article, I also discuss what you can do to reduce your net price if you absolutely have to use a credit card. And I discuss the carrier programs that allow you to take more control over your shipments from dealers and reduce the chance of theft. Enjoy, and let me know if I should add any dealers.
Hi all – I've experience a surprising amount of undocumented censorship on the KITCO forum, and figured this forum was a good place to document it. They've quietly deleted entire posts and even threads, none of which violated any of their rules. The first time I noticed a deleted post was when I cited the About.ag website. It's a good resource that digs into various aspects of the PM industry, including fraud and bankruptcies. My post had nothing to do with KITCO, but I think they deleted it because that website has a post about KITCO's bankruptcy and I guess they don't want anyone to see it. However, there's nothing in their rules about citing that site, or any other sites, and it was annoying that they deleted my post. Most recently, they deleted my thread about my price comparison article where I asked about any dealers I was missing (I posted something similar here in this forum). KITCO was in my list of dealers, but I guess they didn't want anyone to see a price comparison, which would likely be unfavorable for KITCO1. Some might argue that it's reasonable for them to not allow threads that might negatively impact their business, but if they want to enforce such a policy, well, it should be a policy. There's nothing in their rules against price comparisons or comparisons between other dealers and KITCO. ------- 1. It would be unfavorable because they don't have a broad enough selection to be included in most comparisons, and because they overcharge for shipping. For example, they don't offer plain 2018 or 2019 Silver Eagles – they only offer random year Eagles or tubes and monster boxes of their MintFirst product. They also charge $15.00 for shipping, more than any other dealer I've seen, which really hurts them on small order comparisons. The MintFirst product is their implementation of what I call MintX products. APMEX calls theirs MintDirect. SD Bullion (which is generally very good on price) calls theirs MintCertified. All MintX products are about taking singles, tubes, or monster boxes directly from a mint (typically the US Mint) or still in mint packaging from a wholesaler, wrapping them in some extra tape or packaging and certifying that they haven't been opened, touched, or preowned or something prior to applying said packaging or tape. KITCO would actually do well in a price comparison of MintX products if not for their $15.00 shipping charge (though they might still do well if only comparing monster boxes). I don't conduct any comparisons of MintX products though, since they seem rare and of limited interest. Do you see any MintX products at British, European, or Aussie dealers? Maybe I should do a comparison.
Well I’ve I have just suffered the worst experience ever of buying from a dealer. Someone recommended GOLDSILVER.BE I believe they are based in Belgium . I ordered a 1oz gold coin and a 1oz silver coin. The total came to £1018 they emailed me an invoice straight away for 1155€ when I went to pay the price wasn’t £1018 it was £1037 and we are talking a few mins . I double checked the price on their site it was still £1018 so I emailed to query the price . Wow I have never had so much abuse ? a girl named Eva told me not to order from them again amongst other things. I sent one back saying they had been recommended and explained their £ rate seemed wrong . I told them thier customer service was dreadful speaking to me like that and I wouldn’t use them again. I also sent pictures to back up what I was trying to say re the £ price . I got another back saying “we don’t care” I have the emails and screen shots I will try to upload they may be in the wrong order but you can see what happened . I am in shock and very upset , I never had any company treat me like this ?