How does one go about buying GOLD ?
petunia1354 asked:
I’d like to invest in real GOLD, not gold on “paper” or through some on-line gold-seller. I used to know how it was done, but that was 20-odd years ago (back whenever Krugerrands were available) — how is it done today??? I appreciated all EDUCATED replies !!! THANK YOU SO MUCH in ADVANCE. Barb
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I’d like to invest in real GOLD, not gold on “paper” or through some on-line gold-seller. I used to know how it was done, but that was 20-odd years ago (back whenever Krugerrands were available) — how is it done today??? I appreciated all EDUCATED replies !!! THANK YOU SO MUCH in ADVANCE. Barb
November 18th, 2009 at 11:31 pm
If you Barb want to buy gold. Is to go to a well know gold and coin dealer in your area. You might want to buy some gold coins or even some bars gold. Take a look at what they have for sale and see what you like.
I think gold is high now but as long as the American dollar remains week gold will continue an upward trend. In any event it is good to have some real gold in your hands. If you are interested in wearing 96% pure gold I can give you some info on that. Good luck and good investing. t Preston
November 19th, 2009 at 12:56 pm
Your options are:
Buy physical gold and store it in a safe place
Buy gold-mining stocks
Learn about and consider buying and selling options on gold.
Learn about and become active in the Gold and Precious metals futures market
Each of these is different and will require a separate learning curve. If you have an interest at all in the latter two options, please have a look at this educational website: Michael
November 19th, 2009 at 4:41 pm
Basically there are three ways: Physical gold (coins, bullion, jewellery), ETFs(or ETCs) like PHAU & GBS, or a gold mining company.
Buying gold coins, as you say Krugers possibly best bet, just mind the spread. Also storage, insurance etc. ETFs probably best , safest, cheapest way. Som gold ETFs are backed by physical gold. Gold mines won’t necessarilly track gold price- might underpe4form or outperform, maybe difficult to get pure gold play.Incidently there was the lartgest inflow of money into gold ETFs this month ($130m) inspite of all time high price of $1112. IMF sale of 200 tonnes of gold being bought by India which is bullish for gold. Interesting article here, partly because it was written in MArch 2009! raysor