Comments on: silly question about buying gold? http://www.goldbuyingguide.com/blog/silly-question-about-buying-gold/ Fri, 18 May 2012 02:41:40 +0000 http://wordpress.org/?v=2.7 hourly 1 By: alcan52 http://www.goldbuyingguide.com/blog/silly-question-about-buying-gold/comment-page-1/#comment-2220 alcan52 Fri, 23 Apr 2010 17:31:07 +0000 http://www.goldbuyingguide.com/blog/silly-question-about-buying-gold/#comment-2220 As others have said you can own paper gold or physical gold. Paper gold is like an ETF, gold stock, or other some sort of paper product which has a claim on gold. That claim may or may not be convertible to you in real physical gold. You can not buy gold from any bank in the US. If you live in Canada then you can acquire it from some banks directly. I always take physical possession of my gold and in fact I just got back from the post office where I had delivered to me 6 ounces of gold. You want physical gold in your hands before moving into paper gold in any form. The best way to own gold in in the form of coins minted by government. In the US you want American Eagles or pre 1933 US $20 gold pieces in raw ungraded condition see examples here. WARNING!!!! If in the US DO NOT BUY FOREIGN GOLD. The only exception to this is fractional gold such as 1/10th 1/4 ounce, 1/2 ounce Canadian Maples, Krugerrands, fractional gold from Australia, China, and European Union Philharmonics. Stay away from British sovereigns, swiss gold francs and other older foreign gold. Only buy American gold eagles and US $20 raw gold when ever possible There are many advantages to owning US material that would take time to explain. There are many disadvantages to foreign gold. Also stay away from Goldline because they push the foreign gold on people who are uneducated in gold buying. I buy gold from only 2 companies and will consider using a third. They are American Gold Exchange Patroit Trading Group and the third is APMEX Selling gold back is as simple as reversing the buying process. Just call the coin dealer and sell it back to who you bought it from or call some other dealer, broker or coin shop. The dealers work with bullion banks and will buy gold on the spot. First off you need to understand that gold is not an investment. Gold is and acts more like an insurance policy. You are insuring that something in your portfolio can never go to $0.00. All paper assets have the ability to go to $0.00. This is what you are insuring against. Silver is also in the gold realm as well, so when talking about gold, silver is included. Gold is money and a store of value. It is the "Currency of last resort" as Greenspan has stated many times through the years. Gold doesnt pay interest, dividends, doesnt restate earnings, has no lawyers, accountants, CEOs or CFOs lying to you on television. Gold doesnt ask for bailouts, doesnt go BK and cannot cook its books. Gold cant be debased or printed at the will of a company or governmetnt and holds its purchasing power. Gold sits there as a store of value, is labor intensive, and a one ounce coin will not split into a bunch of half ounce coins at the direction of the pin stripped bandits on Wall Street. Also Gold is the ONLY asset class in the last ten years to increase in value and retain every dollar of its purchasing power. The NASDAQ is up 1700% since it was created in 1971. Gold has outperformed all assets since we went off the gold standard in 1971. Gold would be even with the NASDAQ if it fell to $630 an ounce. Gold would be even with the DOW and the S&P 500 if it were to fall to $420 an ounce. Gold has outperformed ALL asset classes since we went off the gold standard. No exceptions. However silver since 1928 has outperformed them all. Investing in gold and silver for the short term is gambling. Dont do it. Putting cash into gold and silver for long term savings is the only way to go. History has shown that to be the best way to perserve wealth for 6000 years.<a href="http://www.legaldot.net/law/drunk-driving/blood-alcohol-concentration.htm"> alcan52</a> As others have said you can own paper gold or physical gold. Paper gold is like an ETF, gold stock, or other some sort of paper product which has a claim on gold. That claim may or may not be convertible to you in real physical gold. You can not buy gold from any bank in the US. If you live in Canada then you can acquire it from some banks directly.

I always take physical possession of my gold and in fact I just got back from the post office where I had delivered to me 6 ounces of gold. You want physical gold in your hands before moving into paper gold in any form. The best way to own gold in in the form of coins minted by government. In the US you want American Eagles or pre 1933 US $20 gold pieces in raw ungraded condition see examples here.

WARNING!!!! If in the US DO NOT BUY FOREIGN GOLD. The only exception to this is fractional gold such as 1/10th 1/4 ounce, 1/2 ounce Canadian Maples, Krugerrands, fractional gold from Australia, China, and European Union Philharmonics. Stay away from British sovereigns, swiss gold francs and other older foreign gold. Only buy American gold eagles and US $20 raw gold when ever possible There are many advantages to owning US material that would take time to explain. There are many disadvantages to foreign gold. Also stay away from Goldline because they push the foreign gold on people who are uneducated in gold buying.

I buy gold from only 2 companies and will consider using a third. They are American Gold Exchange Patroit Trading Group and the third is APMEX Selling gold back is as simple as reversing the buying process. Just call the coin dealer and sell it back to who you bought it from or call some other dealer, broker or coin shop. The dealers work with bullion banks and will buy gold on the spot.

First off you need to understand that gold is not an investment. Gold is and acts more like an insurance policy. You are insuring that something in your portfolio can never go to $0.00. All paper assets have the ability to go to $0.00. This is what you are insuring against. Silver is also in the gold realm as well, so when talking about gold, silver is included.

Gold is money and a store of value. It is the “Currency of last resort” as Greenspan has stated many times through the years. Gold doesnt pay interest, dividends, doesnt restate earnings, has no lawyers, accountants, CEOs or CFOs lying to you on television. Gold doesnt ask for bailouts, doesnt go BK and cannot cook its books. Gold cant be debased or printed at the will of a company or governmetnt and holds its purchasing power.

Gold sits there as a store of value, is labor intensive, and a one ounce coin will not split into a bunch of half ounce coins at the direction of the pin stripped bandits on Wall Street. Also Gold is the ONLY asset class in the last ten years to increase in value and retain every dollar of its purchasing power.
The NASDAQ is up 1700% since it was created in 1971. Gold has outperformed all assets since we went off the gold standard in 1971. Gold would be even with the NASDAQ if it fell to $630 an ounce. Gold would be even with the DOW and the S&P 500 if it were to fall to $420 an ounce.

Gold has outperformed ALL asset classes since we went off the gold standard. No exceptions. However silver since 1928 has outperformed them all.

Investing in gold and silver for the short term is gambling. Dont do it. Putting cash into gold and silver for long term savings is the only way to go. History has shown that to be the best way to perserve wealth for 6000 years. alcan52

]]> By: Bob http://www.goldbuyingguide.com/blog/silly-question-about-buying-gold/comment-page-1/#comment-2219 Bob Thu, 22 Apr 2010 11:53:36 +0000 http://www.goldbuyingguide.com/blog/silly-question-about-buying-gold/#comment-2219 Yes you can buy and own physical gold, you should have assay papers for the bar somewhere because every bar is serial numbered. You can also buy them in paper form, this is where you get a piece of paper that says you own some gold in a vault somewhere. Personally i wouldnt touch that scam, its too far in with fractional reserve and that pack of cards will tumble sooner or later the experts claim. Yes you should be able to claim physical gold back from promisary notes, but if too many people do that at the same time problems will ensue lol, but thats a whole other story. So yes, if you have gold in the shed, take it to a local jeweler or bullion dealer and see what they say about giving you money for it, though if i were you i'd hold on to it cos gold will sky rocket in the non too distant future. Hope this helps a little.<a href="http://www.promusicmall.com/electric-12865"> Bob</a> Yes you can buy and own physical gold, you should have assay papers for the bar somewhere because every bar is serial numbered. You can also buy them in paper form, this is where you get a piece of paper that says you own some gold in a vault somewhere. Personally i wouldnt touch that scam, its too far in with fractional reserve and that pack of cards will tumble sooner or later the experts claim.

Yes you should be able to claim physical gold back from promisary notes, but if too many people do that at the same time problems will ensue lol, but thats a whole other story.

So yes, if you have gold in the shed, take it to a local jeweler or bullion dealer and see what they say about giving you money for it, though if i were you i’d hold on to it cos gold will sky rocket in the non too distant future.

Hope this helps a little. Bob

]]> By: Possum http://www.goldbuyingguide.com/blog/silly-question-about-buying-gold/comment-page-1/#comment-2218 Possum Mon, 19 Apr 2010 06:48:58 +0000 http://www.goldbuyingguide.com/blog/silly-question-about-buying-gold/#comment-2218 I'm not sure about buying gold from a bank, but you can buy it from a dealer. Just go into a store and buy a gold coin or bar. You give the guy the money and he gives you the gold.<a href="http://www.bestpricesuits.com"> Possum</a> I’m not sure about buying gold from a bank, but you can buy it from a dealer. Just go into a store and buy a gold coin or bar. You give the guy the money and he gives you the gold. Possum

]]> By: Resa http://www.goldbuyingguide.com/blog/silly-question-about-buying-gold/comment-page-1/#comment-2217 Resa Sun, 18 Apr 2010 13:12:08 +0000 http://www.goldbuyingguide.com/blog/silly-question-about-buying-gold/#comment-2217 It depends on who you go through. A lot of companies sell gold stock essentially which is just a paper promise saying you own it, but you don't have it. Other companies, like Goldline, will actually put gold in your hands. If you want to actually have it in your possession, I would do some research and figure out which company works best for you (I recommend Goldline). To sell it, you can generally go through the same company you bought it from in most cases.<a href="http://www.fishtrek.com/fly-fishing.htm"> Resa</a> It depends on who you go through. A lot of companies sell gold stock essentially which is just a paper promise saying you own it, but you don’t have it. Other companies, like Goldline, will actually put gold in your hands. If you want to actually have it in your possession, I would do some research and figure out which company works best for you (I recommend Goldline).

To sell it, you can generally go through the same company you bought it from in most cases. Resa

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