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Who should I buy Gold Commodities with? |
I want to invest in gold (about 5k), should I just go to a bank broker or is a place on line to do it. Interesting time to buy gold now that it trades over $1,000 per ounce. Five years ago you could have bought it for under $350 an ounce. Can I ask why you weren't interested in buying any back then? Right now may not be the best time to buy gold in my mind. It ha run up too high and too fast. I think the term "Fools Gold" will soon come back into play. |
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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. Go to apmex.com to buy gold... 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 :- ... |
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