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How do I invest in gold?


I want to invest in gold. What is the best kind to purchase? I see gold bars at 24K. Is that good? Should I invest in pure nuggets?

The best way to own a precious metal is through a diversified metals fund, like the Franklin Gold & Precious Metals Fund or the Evergreen Precious Metals Fund. Another way is through a diversifed commodity fund, like the DWS Scudder Commodity Security Fund.

As for buying the bullion itself, good luck, you will never find a dealer that will give you it's true worth when it's time to sell, and anyway, why would near 30-year highs be a buying signal to you anyway? Are you insane?

Better to buy a diversifed series of properly asset allocated high-quality, low expense mutual funds. That's how you should be investing, not jumping on some hot fad like metals. Gold and other precious metals should only ever make up 5-10% of your overall portfolio, depending on your risk tolerance. They are a good diversifer and an inflation hedge, not a way to get rich quick.

Hope this helps!

excellent answers Report It

buy some

buy n wait:)

It is too late. It is over priced. Buy blue chip stocks instead.

Buy it.

Buying 'real' gold in coins or bars, is a hassle. You have to store it in a secure place, or pay your bank to store it in a secure box. Also, you have to think about the procedure to follow when you want to sell it. Again a bit cumbersome.

A better way is to purchases shares of an ETF which tracks the price of gold. For example, GLD in the US market.

Another way is to purchase through an online company and have them store the gold for you. You can buy and sell online. For example, Kitco (kitco.com).

1) Open a brokerage account and drop me a line.
2) There is only one kind of Gold.
3) No
4) No

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Canadian Maple Leaf 9999 gold coin or 9999 gold bars from bulliondirect.com, make sure u trade them via its nucleo exchange, once u made enough $$$, then ask for delivery of those "free" coins or bars. This will lower your transaction cost.

Buy some and pray. You're a little late for gold.

There are many options.

Buy gold coins directly from dealers.
Buy gold bars.
Buy gold mutual funds.

Gold mutual funds is the best approach. You don't have to store your coins or bars. Selling mutual funds shares are much easy than trying to sell gold coins or bars.

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