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How Much is a Gold Brick Worth? and How to buy one? how much does it weigh? |
Im planning to invest in Gold rather than in stocks ;) so i was wondering.... How much does a Gold brick weigh, and prices, and where to buy a Gold Brick!? Gold is about $624 per ounce right now. I don't what size brick you had in mind, but it would be costly. A 10 pound brick would be 160 ounces x $624 = $99,840. Uhhh... have a couple thousand dollars? Okay then: Only a fool takes possession of physical gold bricks. If you want to invest in gold, open a brokerage account and buy the exchange traded fund GLD. Your gold remains in a depository in England and GLD rises or falls with the price of one ounce of gold. |
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The last spike in Gold was in the early 80's and there was no major drop in the markets. ...It is easy to get started in gold investing and it can be a smart move--maybe. First, the ishares gold exchange traded fund trading symbol is IAU (Silver is SLV). So you can buy gold (or silver) ... Any large bank will offer you a range of services to buy gold, the usual routes are gold coins or even krugerands. Just walk into your local Citi or Bank of America, and ask to talk to someone abo... $50/oz gain x 100 oz = $5,000 ...You should be able to buy coins at a local dealer. In Canada you should also be able to buy at Scotia Bank ...Gold is an option, but maybe not the best. There are several ways to invest in gold. Buy gold coins. Disadvantages: have to store them, have to pay mark up to buy and mark down to sell. ... Try these :- ... Only from reliable sources. Some can depreciate in value quite quickly. ... |
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