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How do i buy/invest into gold?


Being that the economy is so shady, how do i buy or invest in gold. do i have to go through a broker in order to do this or can i do it on my own?

thanx for you replies!

There are a few way to do it:

1. Buy the physical Gold from the goldsmith duh ...... :)

2. You can open a future trading account and buy into the commodity future contracts.

3. Open a trading account and buy ETF gold or mutual funds that invest in Gold.

4. Open a Trading Account and buy into stocks that core business is in Gold (not recommended)

Well, I hope I covered everything.

If you just want to invest your money into gold, then you'd need a broker. If you actually want to have the gold in your possession, you can do it on your own by buying gold coins or ingots, like the South African Kruggerand.

They're usually sold in 1 Troy Ounce increments, which equals about 31 grams. Bear in mind that 1 Troy Ounce does NOT equal 1 avoirdupois ounce in weight...such as the ounce of weight that we would use for cooking.

You can just buy it. It's best to stick to popular coins that can be easily authenticated. Smaller denominations may come in handy in a time of crisis.

http://www.goldcentral.com/qry/storefron...

Many people are recommending silver instead. The price of gold has already spiked recently. Many feel there's more potential in silver right now.

Invest in a fund that buys gold, pays millions and millions of dollars to execs and can be manipulated by the "big boys"?... when you can buy gold yourself?... God why???

You can buy gold bullion directly through a bank, investment grade gold coins through a dealer and shares in gold mining companies, and futures and options on them (very high risk), through a stock broker. Owning gold stocks is probably the best way to get started in gold investing. There are also mutual funds that invest in gold and mining stocks, which would also be a good way to get your feet wet.

If you want coins call around to local coin shops, be ready to sit on the precious metal for a while, I'd actually recommend starting with silver, but if gold is within your means go for it.
I'd recommend starting with coins (get a good safe if you don't have one already, something that can't get carried out easily) That was you can purchase them as you can afford.
Here is a link to a precious metals broker
http://www.monex.com/
A piece of advice though, like most brokers it is a hard sale type thing so do your homework first and keep in mind most of these brokers deal with thousands of bullion per sale so a typical silver puchase would be around $15,000 right now and gold purchase would be $80,700. Best of luck

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