How or where can I buy Gold and Gold Stocks?
syea123 asked:
What website or place do I go to to buy ounces of gold?
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on Sunday, May 31st, 2009 at 12:00 am and is filed under Investing.
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What website or place do I go to to buy ounces of gold?
May 31st, 2009 at 6:37 pm
If you have to ask this question there is a VERY high probability that you are going to take a beating in this exchange.
Start with your stock broker or IRA fund manager. They can purchase metals (gold, silver, platnum) or stock in various companies that mine, process, sell these metals. There are many, complicated and severe laws about US citizens (I assume you are in the US) purchasing / trading in precious metals.
If you are worried about loosing your portfolio value then, again, call your fund manager. There are very solid strategies that reduce your risk.
If you are trying to make a quick buck with the secret knowldege that inflation will rise and gold will too then refer back to paragraph one. You are about to loose your arse.
The fastest way to make money, and lots of it, is to do what you love exceedingly well and people that want what you do will pay exceedingly well.
Good Luck
June 1st, 2009 at 6:19 pm
I believe your talking coins/ or small bullion ? Coins are your best bet in that they are more easily sold.
Start by calling around to your local coin shops, see what condition and premiums they place on their coins.
$25 above spot (goldline.com) to sell $25 below buy is fair.
Although I am looking for a correction to the 930-40 range in the nearterm. If it somehow drops into the 880-900 range buy with both hands.
June 4th, 2009 at 3:12 am
I would stay away from gold it’s so inconsistent you never know whats going to happen with it here are 10 nice stocks that you can invest in though.
June 4th, 2009 at 5:56 am
You can take a look here. They usually have some
June 4th, 2009 at 6:22 pm
The cheapest way to buy gold is with the exchange traded fund GLD. One share is 1/10 ounce of gold. There are quite a few gold stocks that you can buy. The largest company is ABX. That is the ticker. Others are NEM, GG, UXG. There are also mutual funds that invest in gold and silver mining companies. Fidelity Canada fund hold some gold stocks. Ticker FICDX. Select Gold Portfolio is all gold mining stocks I think. Ticker FSAGX. There are several gold mining index funds also. GDX is one. PSAU another.
You must open a broker account to buy any of these. Scottrade is an inexpensive on line broker.