Where to get gold?

I want to invest some of my money in gold but dont know which type of gold to invest it in. Do i get the gold coins that cost around $740 or go with the cheaper gold? How pure does the gold have to be like .999 or what

Pertth Mint Certificates may be the best way to go. with a min US$10,000 and minor fees you get a claim on physical gold held in a mint owned by a sovereign entity, the state of Western Australia, and insured by Lloyds of London.

if you buy and physically hold bullion coins, it doesn't matter how pure it is, as long as you know exactly how many ounces of gold it contains. for example, i buy krugerrands, which are .916 fine (22 karat gold), so the total weight of one krugerrand is slightly more than 1 ounce. the only practical consideration is how much you can carry. the total weight of a coin containing 1 oz. of gold will necessarily be higher at .900 than at .999.

an old us $20 gold piece, for example, is .900 fine, has 0.9675 oz. gold and 0.1075 oz alloy. i find that krugerrands handle better than anything .999, because .999 is "too soft" (but if you never touch them, it doesn't matter).

the important thing is: keep the gold content ratios in mind, and then work out the price.

Buying actual gold has a commision on buying and a commission of selling, so it is difficult to make much money on an increase price in gold.

the best way to participate in the rise of gold prices is to buy a "No Load" precious metals mutual fund.

This fund will have precious metals stocks that will "leverage" the price of gold and go up faster that the change in gold price.

Mutual funds are OK, but I would try the actual physical metal. If you know the true reasons to invest in Precious Metals, then the commission should not scare you away. You can also put the metals in your IRA if you choose. That way, you do not have to worry about storage. Also, look up Goldmoney.com as well. I use this service along with my Precious metals IRA.

To answer you question about the purity, .995 for gold and .999 for silver. That's what you want. If you invest in Eagles you are going to pay a premium, go for Bars vice coins to get the most out of your investment. Coins are just nice to look at.

On another note, look into buying silver and gold.

Open a brokerage account at Zecco and buy the ETFs IAU and GLD.

amer eagles,you can buy 1/4 oz coins