Gold Buying Guide

yeayaknow asked:


Is it true that if I bought gold in 1970 and sold it now, I would have made a lot of money? I ask this because if you look at the price of gold per troy ounce in 1970, it was $35, and now in 2010, it is $1135. That’s an increase of $1100!!! If I bought say, 50 ounces of gold back then, I would have gained $55,000 .

Dewayne asked:


I imagine this would depend of the how the price of gold, platinum or silver does in the marketplace, but would there also be a collectors’ interest even if the prices of metals took a downturn?

Jude L asked:


I know you can invest in gold companies but I want to know if you can buy a security that is always alued at the current market price of gold(or proportionnal to it).

Thanks a lot

qwertyuiopasdfghjklzxcvbnm asked:


Is the price of gold same whether in India or Dubai and is it genuine. Also do they accept credit cards as payment

safia asked:


such as postal gold …..
from now 6 months there is so many of these company…. why?
is it because of recession, or because the price of gold will increase?
why?

Tony asked:


I’m very new to investing but I’d like to start and was looking at buying krugerrands. At the moment though the price of gold is sky-high and may rise or fall… I was just wondering if this has anything to do with the rand/ dollar exchange rate as gold is bought in dollars. And since the 2010 world cup soccer is held in South Africa next year, I’m guessing the rand will become stronger. (Am I wrong?) Should I invest now, or should I rather wait until the rand is stronger?

chiguy asked:


And what is the premium you have to pay for gold coins? And where/how do most people buy gold coins?

kuan e asked:


Is it in Gold bar,Gold Coins or a piece of paper like Certificate stated how many ounce and KG of Gold u have ?

Since the price of Gold also flucture a lot?

Bluebeard asked:


coin from where ever— a bank, or the government or a dealer, how much “commission” would be added? Would the one oz gold coin cost me $610.00 or what?

dt asked:


I am thinking about buying some but have some drawbacks. Thanks in advance for your answer this is very important to me I hope for educated detailed answers or maybe a site I can learn from.

Is it better to buy gold or silver?

Is gold and silver expensive or cheap to buy right now? How much?

I don’t want to get ripped off and pay too much. How much should I pay? And where is the best place to get it for the best price? Where is the best place to get it that you can trust like maybe it is not pure gold or something?
Specifically I am wondering how much the price can fluctuate. For instance is the price of gold dictated by inflation and if so how much will the dollars inflate/ deflate?
Specifically I am wondering how much the price can fluctuate. For instance is the price of gold dictated by inflation and if so how much will the dollars inflate/ deflate?