|
|
| *Home>>>Invest in Gold |
What the best way to invest in gold? |
What the best way to invest in gold? I have been trading gold and gold related companies since 2001. I suggest that everyone have 10% of their investable monies in physical gold. The problem is making sure you get the right price. The best price I know if via www.coloradogold.com. These are near wholesale prices, but you have to buy in quantity to get the best price. call for quanities. Don, the dealer, is very reputable but you'll have to send him a check and it takes weeks to get product. Other than that, check local coin dealers. It is important to find a dealer who gives you a reasonable price, and is someone you don't mind doing business with. Other than that, there are many dealers on the web, but the prices can vary such as kitco.com, blanchardonline.com...Also you can their are ETF's on the stock exchanges that track gold, such as street Tracks (symbol GLD). When you buy one share of GLD, theoretically you are buying one/tenth and ounce of gold they are holding in the vault. Just note, that you never see the vault. Gold in your hand can be trusted. And, finally, buying shares of gold mining companies such as NEM, NG, AUY, GG, etc. is 'like' buyin gold. However, when gold prices go up, gold company shares tend to outperform gold, and when gold prices go down, they go down worse. So, they are more volatile. I cover some of these topics, and other investment topics periodically on my blog: Buy some and then sell it If you want a pure play (that is, not just owning mining companies or mutual funds that invest in gold), you can buy gold coins from brokerage companies, banks, and a host of other places. I'd personally buy from a brokerage or bank simply because I know they are strongly regulated and that gives you some protection. The problem is storage. You can store the gold yourself in a safe or safety deposit box; however, many brokerages can store your gold for you as well for a fee. I'd do a price comparison and see which storage fees are right for you. If you already have a safety deposit box, you might want to check to see how your gold is insured at your bank. |
| Tags |
| Investment Bank Investment Advice Investment Account Invest Money Invest in Gold Invest Fund Income Fund HYIP |
| Related information |
Bullion is so last century. Open an online discount brokerage account and buy the exchange-traded funds that track the price of gold and/or silver. The symbols are GLD and SLV, and I believe both... Precious metals like gold have always been useful as a hedge against inflation, and pretty much nothing more. All you can be reasonably sure of when you buy gold is that it won't lose any valu... No one can say for sure, theres lots of media hype about the price going higher & being contrary this makes me wonder ...is it high enough ??? However it is a fairly safe investment & if w... Gold and silver isn't a stock that increases or drops in great ammounts. Re: tech industries, those are volatile - but do your homework re: trends and such to find out what is really predicte... it depends on what risk appetite you would like to take. investing in gold is bit less risky compared to stocks but returns are also less in gold. invest in stocks when markets are booming and t... For short term - No. For long term- wait for some time since gold is at its heighest now. Let it cool and then buy ...How do you feel about the US dollar? Gold is generally considered to be an inflation hedge - inflation erodes the value of the dollar. The current environment is not considered inflationary but oth... NO...NO...NO...This is the wrong part of the cycle. You should have made your investment in 2003! Wait until the next recession is at its deepest point and then make an investment in gold! ... |
Categories--Copyright/IP Policy--Contact Webmaster |