How do i invest in Gold and redeem the money back?
knightin asked:
Want to know how to go about buying gold as an investment like where to buy?, how much to invest? Gold is available in how many Grams denomination. And finally when I want to sell it, will I get a same amount as the market rate on that day and will I get the full amount?
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Want to know how to go about buying gold as an investment like where to buy?, how much to invest? Gold is available in how many Grams denomination. And finally when I want to sell it, will I get a same amount as the market rate on that day and will I get the full amount?
May 11th, 2009 at 2:40 pm
If you want to hold the gold yourself, you need to go to a dealer. You will generally pay 15 dollars or so above its value, so he can make a profit. You can sell it back at the same place. I don’t remember how small you can go, but 1 once is more common. You can also buy gold mining etf or even gold etf where you don’t actually get the gold, the fund owns it and you own the fund..
Gold is usually a pretty bad investment.
May 12th, 2009 at 3:47 am
You will get back the full value if you buy gold in the form of coins.Now almost all scheduled banks sell gold coins in the denominations of 1 gm,2gm,5gm, 10gms and even 20,50 gms. They are 24carats and of 99.9% purity.The banks won’t buy back but you can sell it outside.
May 13th, 2009 at 5:23 am
The reliable and safe investment is “My FX Funds” Managed Forex Account if you would like to make 2% above per month.
search for myfxfunds in yahoo search engine for more information.