Investment Advice : How to Buy Gold
October 28, 2009 by
Filed under investment advice
Invest in gold in three ways: buying physical gold, such as gold bars or jewelry, buying ownership contracts that relate to the actual gold price or buying shares in gold mining companies. Learn the advantages and disadvantages of each method in this free video from an experienced floor trader on investing. Expert: Mark Griffith Bio: Mark Griffith has graduated in economics and philosophy at Clare College, Cambridge. He has been a futures and options floor trader at LIFFE (London …
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David
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For information on investment in gold mining projects and other minerals in Peru call: 511-999632950
Mr. Diaz Cieza
This was informative, but he left out a very important factor.
You must take physical possession & you MUST have it tested.
So much gold today is merely tungsten that’s been gold plated.
Don’t be a sucker – HAVE IT TESTED BY A PROFESSIONAL – you can’t test just by looking at it or weighing it.
I like the way you think. Im surprised more people dont see this considering gold is at a historically high price. If you have some time and would like to discuss this matter or any economic matter any more feel free to drop me a line.
don’t buy it. it will burn you in the end if you didn’t get in before it reached 900 an
oz, don’t buy gold shares for sure. Way too
many sheep buying gold. Friday dec. 04
dropped 52 dollars in one day.
DISCUSS GOLD HERE
GOLDVSFRN . COM-munity
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Actually buying gold is generally a sound investment. Of course, you always want to make sure you do your homework before you make any investment. Plus if you have a Self Directed IRA–you can purchase the gold with your IRA $.
a LOT of people buy on ebay. there are a lot of transactions on ebay as well.
now, when I say “inflation proof”, I’m *not* saying that it is very literally completely, 100% resistant to inflation… it’s just the inflation is so miniscule because gold is so rare that the amount that gets mined is so small that in your entire lifetime, you’re unlikely to notice any inflation.
So what happens is, you don’t actually make profit, at least as far as “what you can buy”. But what you do is prevent your net worth from decreasing as opposed to sitting on cash and letting it inflate. That is that $10k in your bank won’t buy the same amount of gasoline or land in 10 years, but convert it to gold, wait 10 years, convert it back and you lose a LOT less value.
buying gold is actually less about making money and more about not losing money… gold is “inflation proof”. What that means is that when it goes up in cost, it’s only because the value of the currency goes up and down… It’s kind of like the ocean, the water is fiat currency (most world currencies), and land is gold. Someone on a boat affected by the waves might go “Gee, that land is going up and down.” but that’s just an illusion. The land/gold is stable, the water/currency is not.
All this talk of buying gold sounds fishy. Sounds like another asset bubble to me. Dont put your eggs in one basket.
Gold and Silver have withstood the test of time even in through tough economic times .
Don’t miss your opportunity to get a physical investment for your money .
Unlike stocks this is an investment you can hold in your hand and won’t disappear overtime .
Please check out MINTCOINSANDBULLION to help secure your future .
Also, as our cost of living goes up, the government will also print money to sustain businesses that can no longer afford physical items that have gone up in price. This only further increases inflation. Its a chain reaction that cannot be stopped. Get gold to protect your money. By the time you finaly prepare out of shock it will be too late.
Your betting on the fact that our national debt will deleverage with it. It will not and social security will fall apart as well. The government will not let itself deleverage. It will print money at an ever growing rate. This is not the 1930’s where the government is restrained by a partialy intact gold standard. DO NOT put your money into cash. Just because we have mass deleveraging does not mean our money supply is shrinking. It is not, it is actualy growing, real dollars are losing value.
We will keep having massive deflation on a scale that cannot be stopped. We have massive credit inflation and now we are having dissapearing credit deflation. Gold isnt a good play. Cash is the best and then put in in stocks in 2011
Gold is a terrible investment. The cycles are too long. The only way to play gold is as a speculator (good luck) or using it as a hedge. Anyone who buys gold for the long term because they think it will outperform the other markets is a fool.
SO is it hard to then turn around and sell bars of gold when you want? And where do you go to sell gold bars? Will some one reply please?
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Just buy GLD, the etf that tracks the price of gold. As for all these gold bugs, when everyone is talking about it and jumping on the bandwagon, its not a good buy and hold move. the mania hasnt started yet, but when it does, get out!
How you hold your gold also has to do with what your personal expectations of the future may be. If you expect your world to remain the same over the next 5 or 10 years, then you,re probably better off holding bars/rounds, or the contract forms. However, if you expect economic Armageddon then minted coins will serve you better when buying essentials from the local hood; or, if you have to evacuate, small gold coins are much more portable than bars, & more useful than contracts!
Sorry…but gold won’t hit $5000 per ounce anytime soon.
Consumers have already started to dig up gold to sell. (don’t sell your gold online — first try Ebay & if you don’t get the price you want – go to a jewelry store & check the price by weight).
And if gold moves close to $2,000 you will see massive amounts of old gold jewelry hit the market.
We pan for gold around here! Easy to do IF you know WHERE to look, aren’t afraid ofa bit of dynamite a time or two and also arent afraid to get wet! LOL