How can an individual buy gold but not the gold on paper?
what about government grants? asked:
My investments have lost so much value that I am thinking of investing in gold instead. But I want tangible gold that I can have in my possession. I don’t want a certificate or something like that.
My investment manager charges my account 1% fee for their services and my account lost 10% total value in one quarter. Seems high risk to me. I agree I need to become more informed, who has time?
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My investments have lost so much value that I am thinking of investing in gold instead. But I want tangible gold that I can have in my possession. I don’t want a certificate or something like that.
My investment manager charges my account 1% fee for their services and my account lost 10% total value in one quarter. Seems high risk to me. I agree I need to become more informed, who has time?
March 13th, 2009 at 11:14 am
I personally use Monex. They charge a 1% Fee as a commission. And the shipping cost is $25 to ship anywhere in the US. They sell the 1 ounce gold coins (bullion) in lots of 10 coins and the fractional coins (bullion) in lots of 20 coins. For the silver coins its a lot of 100 coins (bullion) and its a 1% commission as well but the shiping and insurance is only $20 for the silver. My first order went smooth and they waived the 1% commission. I am happy with them and they sent me all kinds of material to look over after I called them. They sent DVDs, and print material. I recomend them.
Also Kitco is another one. You can buy single bullion coins from them if you daont want to buy the larger lots of 100 for silver through Monex or the 10 one ounce gold coins in one lot. Kitco has slightly higher fees and they list them all on their website.
March 15th, 2009 at 6:33 am
You’re going from a somewhat risky investment to a much more risky investment & you’re willing to pay the cost to get or hold the product (and lose liquadity).
You’re investment philosophy will lead you to financial ruin.
Have you considered a good “asset allocation”. You could buy 2% of your assets in a gold ETF.
You may also want to read a half dozen books on stock and mutual fund investing. it will save you tons of money and let you sleep at night.
March 18th, 2009 at 6:51 am
Your answer is two fold.
1. To buy gold, the best place is probably eBay. Or a coinshop near you, shop to compare.
2. You should do more research before deciding whether gold or silver is better for you. It worked for me, but I was very careful what I knew and what risks I’m willing to take. So read more before jumping into another pool.