Buying gold in the USA?
Posted April 16th, 2009 by admin 3 Comments »
Pebbles asked:
Hi, I would like to know how to buy gold in the USA. I realize that long term, gold probably wouldn’t be a good investment. But I would like to own like 2,000 dollars of gold kind of as an insurance policy against hyper inflation so my family has something that is of real value to use if there is lots of inflation.
Hi, I would like to know how to buy gold in the USA. I realize that long term, gold probably wouldn’t be a good investment. But I would like to own like 2,000 dollars of gold kind of as an insurance policy against hyper inflation so my family has something that is of real value to use if there is lots of inflation.
We don’t spend much money and save quite a bit so if the value of the dollar dropped significantly, we would go from having a nice nest egg built up from years of scrimping and saving to having no security buffer. I think 2k in gold would give us at least some buffer in a worst case scenario.
But I haven’t got a clue how you go about buying gold. Do you actually own the gold and keep it safe or does the place where you buy the gold keep it and just give you a certificate? Where do you go that is an honest place to buy gold?