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How do I invest in gold bullion?


How do I invest in gold bullion?

Gold as an investment hasn't come close to stocks or real estate.

However, times change and it's possible that gold and other precious metals may see a nice run in the near future.

Owning the yellow metal outright opens up all kinds of things that can and will go wrong, especially loss due to misplacement or moving.

So, there are two safer avenues to pursue that I believe may offer some good opportunities.

Either consider buying stocks of some gold producing companies (I am accumulating one particular company because it's a smaller player and may be aquired by a larger player...called Yamana Gold, AUY).

Or, buy a bunch of gold producing companies by investing fixed amounts on a weekly or monthly basis in a gold mutual fund.

And you may wish to pursue interest in this by buying rare gold coins..however, be aware, many are forgeries even with papers showing authenticity.

As you can see, investing in gold is dicey.

Consider investing in uranium companies, like Camaco (CCJ).

A lot to consider, but whatever you decide on doing, it's best to do it consistently and on a regular basis.

That's the best way to invest in anything given the short term fluctuations.

Good luck!

You could use e-gold but its hard to withdrawal. I guess its best to own the bricks yourself though, I don't know if I would trust much of the online dealers.

Check out the link let me know how things go.

We bought bullion about 18 months ago.....was very easy through a company www.ainsliebullion.com.au in Brisbane. They set up an account for us and when the price was right for us we rang them, transferred the money to them and they bought it and store it for us in a secure place. We then received a certificate in the mail for the total weight and amount of purchase price at the time. We keep a track on gold prices through their website - too easy - and they also have a buy back price which is listed daily.....we haven't looked into how to sell back to them or through another company or anything....guess we'll cross that bridge when we come to it....We also track gold prices at kitco.com who have a live world wide gold track of prices.....look into it, it is very interesting.....we got onto Ainslie Bullion through the Perth Mint website.......good luck

Hi, some points to note:
(1) Gold usually moves in the opposite direction of the dollar. A stronger greenback makes gold, which is denominated in dollars, more expensive for holders of other currencies.
(2) When the oil price decline, interest in gold tend to decrease as gold is seen as a hedge against oil-led inflation.
(3) Higher interest rates make holding gold less attractive because the metal has no fixed returns
(4) website for more info and live gold price = www.kitco.com.
Wish u all the best in your gold investment!

Simple question with simple answer
1. Have the money
2. Shop around
3. Buy (the hard part may be asking where to store the gold when you get it)

From experience, watch Kitco.com for spot price, try eBay for the best deal since it's open to offers of all buyers (remember to add shipping & taxes) A link below will give you a good idea how much a gold bullion should cost.

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

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