Buying Gold Bars

Frequently Asked Questions

1. QUESTION:
   How do you know when you are buying gold or silver coins bars or nuggets that what you are buying is real tthe
   And when you do buy gold or silver where do you go to sell it .They say if you buy gold bars the goverment can take them from you at the going rate at the time of confication. Is this true. And do you have to pay taxes on gold.

   • ANSWER:
     You only buy from a reputable dealer. I buy my S African Kruggerands (1 oz gold) & silver bars from a local coin dealer. Buy from someone who is a known: U.S. Eagles, Canadian Maple Leafs, S African Kruggerands. My silver bars are from Handy & Harmons. They have serial numbers stamped into them.

     As far as I know, there is no national database of those that own gold. So how is the government going to confiscate these (gold & silver) if they don't know about them??

     You want to sell your gold & silver, just go back to the same person/dealer that you bought them from. I suspect you do pay taxes on any profits (of the sale).

2. QUESTION:
   buying gold bars by either a gram or grain would that be a decent investment?
   I bought a 24k 1 gram gold bar. Is this a good investment or just a waste of money?

   • ANSWER:
     The overhead on small quantity bullion is enormous so it certainly won't be an investment as there would have to be a tremendous gain to overcome the overhead. Plus it's only about even at the spot rate. I would say it's a waste of money. Hopefully, your gold chip is attractively packaged.

3. QUESTION:
   Buying Gold and Silver, What types of coins or bars are the best to buy?
   I have been looking at buying some silver and gold bullion from http://www.apmex.com

   If I am buying bars or coins for silver and gold, what is the best ones to get if you just want it for the investment of the metal and not the actual coin etc? I don't care to be a collector of coins, just to have the metal!

   • ANSWER:
     For bars:

     Silver:

     Johnson Matthey
     Pan American

     Gold:

     Pamp
     Credit Suisse

4. QUESTION:
   Can anyone tell me how to buy gold bars?
   Iam looking into buying gold bars, is the internet a secure way to buy bars. What other experience have people had with gold bar purchases.

   • ANSWER:
     dont buy gold online, they will rip you off
     if your going to invest in gold or silver bullion i would contact your bank about it

5. QUESTION:
   What do you think of buying gold as an investment?
   And I don't mean buying bars in a bank, they're kind of expensive there. Does it make sense to buy a gold bar on ebay. And keep it. What's you opinion on future of US dollar and stock market anyway? Then just sell it to a dealer when you need cash?
   Well, I don't intend to keep it for years. Just for several months and then sell it and buy a home.
   What's the point of a money market fund? Saving accounts pay just as much.

   • ANSWER:
     Gold really glitters when inflation runs rampant.

     Bank accounts are relatively safe, but your dollars may lose value due to inflation faster than they grow with interest.

     Investing in stocks for the short term is a gamble. It the stock market crashes the day before you need your money to buy the house, you are screwed.

     Gold prices go up and down, but unlike stocks, (and possibly the dollar) gold will never be worthless.

     In the long run I thing gold prices will rise substantially, since our government seems bent on inflationary policies. However,over a short period of time the value of the gold you buy may be more or less than you paid.

     Grandpa

6. QUESTION:
   Should I sell my stocks and buy gold bars now?
   My brother is convinced we are headed to a major recession like never before. I have already lost one third of my stocks holdings. He says by buying gold bars, the value will at least remain the same and should increase. Once the stock market returns I should then sell the gold and get back to investing again in a few years.

   • ANSWER:
     By the text you posted you are considering breaking the most fundamental rule of investing. Re-read your question and then ask yourself . .. .Why would I SELL LOW . . and then BUY HIGH????

     By the way, is there a reason that your brother would have any special knowledge of an impending "recession like never before?"

     Also, ask your brother the price of gold tomorrow, then ask him again on Tuesday, and then on Wednesday . . the numbers will be different - thus, the price of gold does not "remain the same"

7. QUESTION:
   Where to buy and sell gold bars/ coins in Delhi?
   I want to buy gold bars or gold coins in Delhi. Some say that banks are selling it for higher price, so I guess I should opt for jeweller shop. Any idea, which jelweller shop can I trust? Also, how do I know if the gold bar is pure?

   Do I need a PAN card at the time of buying and selling gold bar from jeweley shop?

   Do I need to pay tax if at the time of selling gold bar? What if I got cash from buyer?

   • ANSWER:
     Banks may be offering a higher price but it's safe and prudent to buy gold from banks as the gold is pure and reliable and will certainly give you better returns whether or not you sell them back to bank or in open market... ICICI bank Gold is good.. Go for it

8. QUESTION:
   How much money do you need to start buying Gold and making money from it?
   I want to start buying 1gram -100gram Gold bullion bars just as a way to get some extra money, is it possible for a small time investor with ,000AUD to buy gold bars and wait a while then sell it when the price goes up, or is this more complicated than it seems, serious answers only pleasem also as im new to the Gold scene any advice is appreciated.

   • ANSWER:

9. QUESTION:
   Buying gold bars?
   Ok so i just want to know would it be a good investment over a year or 2 to buy gold bars then sell them...if so where would i sell them to? Just those jewlery shops that say "We Buy Gold" or do they rip you off

   • ANSWER:
     bad investment because gold is at its highest in ages right now so that means it will come bak down

10. QUESTION:
    how to buy gold bars in africa?
    looking to buy 100 kilo of gold in Acura Africa or Binin Africa trrough broker (amg international)
    any experience with them? what are the import rules for bringing that much gold to US?
    what red flags do you see if i am buying from a family versus a company?
    what issues are there with buying gold dust versus bars?

    • ANSWER:

11. QUESTION:
    Can we buy gold bars in the US, and if so where?
    I know that in 1933 FDR stole everyone's gold and replaced it "fiat" federal reserve notes. But what I don't know is if it is legal to purchase gold bars of unlimited quantity today in the US. I know you can buy and own gold bullion coins but what about bars of gold. I have heard many stories about this but I have yet to find any concrete evidence that it is legal to buy and own gold bars in unlimited quantity. I am talking about walking into a place of business putting down money and walking out with physical bars of gold. I don't think you can do that... Am I wrong?

    • ANSWER:
      Executive Order #6102 by Roosevelt prohibiting the ownership of gold was repealed by Congress codified in Public Law 93-373 [1] in 1974, so yes you can own gold bars.

      You can buy bars in weights of 100 oz., 10 oz., 5 oz or 1 oz. You can buy coins in 1oz., 1/2 oz., 1/10 oz. etc. If I were you, I'd stick with the bars as they sell at a premium less than the coins do. For example a 1 oz. Gold American Eagle coin at Kitco costs 6.38 while a 1 oz. gold bar costs 2.60 -- .78 less then the coin.

      There are several places you can buy them. I recommend www.kitco.com. You can also try www.monex.com.

12. QUESTION:
    How can people buy Gold bars for cheaper than market price?
    I've noticed places like Ebay selling gold bars at prices than less than what they sell for on the regular market, and I know that they're not selling them at a loss. Where could they be getting this gold from.

    • ANSWER:
      Ebay has become a haven for scammers and rip off artists .Especially the higher priced items. Ebay works as an auction as you know most auctions start off below the price they expect to get. This gets the parties interested in the thought they could own the items. Then the price goes up. Gold has tons of buyers on Ebay. If an auction interests you watch it. If they sell a lot of that item just see where it goes. Then see the feedbacks. Some of those can be part of a scam. It isn't too hard to see the legit sellers. Deals on ebay in gold are infrequent but they do happen. Just be careful. Never buy from someone with less than a 97 rating.

13. QUESTION:
    Where to buy gold bullion bars in New York City?
    It seems it is impossible to find this information on the internet. I do not want to buy from online stores. Calling such banks as Chase and Bank of America did not help, they did not even know what I am talking about and transferred me around 10 times each before saying "we do not sell gold bars".

    • ANSWER:
      try MTB, Manfra, Tordella & Brookes, at 90 Broad Street, just down the street from the New York Stock Exchange.

      they've been in business for 50+ years and they operate out of a basement vault off the lobby of an old Wall Street office building.

      i still regularly buy silver and gold in person from them. if you pay cash you can take immediate delivery; if you pay by check there's a waiting period, but you lock in the price on the date of transaction.

      my recent purchases have been 100-ounce and 10-ounce silver bars, 1-ounce American Silver Eagles, Canadian Maple Leafs, and Austrian Philharmonics; and 1-ounce coin gold Krugerrands, which, btw, is the *only* gold bullion of any form i would recommend, because they are the most recognized gold bullion in the world, and they come usually at the lowest premiums to the gold price. otherwise, you can buy all kinds of gold, silver, and other precious metals products there...

      (btw, the regular banks know absolutely *nothing*...)

14. QUESTION:
    Can anyone suggest good place to buy Gold Bars in Bay Area?
    Can anyone suggest good place to buy Gold Bars in Bay Area?

    • ANSWER:
      Start at a coin shop. Many sell "bullion" coins, and they are likely to deal in smaller bars. If they don't do larger bars, they may be able to advise you.

      Never hurts to look online:

      https://online.kitco.com/bullion/completelist.html

      Grandpa

15. QUESTION:
    Is now a good time to buy gold bars?
    I was thinking of buying some onces of gold but havent looked up the current prices and conditions. Do you think gold is worth buying now for investment.

    • ANSWER:
      One year ago would have been better; Buying Gold in mid-Sept. '07 would now show a more than 50% gain against the Dollar.

      If you think that this crisis will get worse before the world's debt problem is cured, then Buying Gold Today could prove a wise decision.

      Against the risks of rising inflation, falling bond prices, a serious failure in the global banking or finance system, and a return of the bear market in stocks and shares, tipped firmly in favor of gold, its never be too late!

16. QUESTION:
    Where can I buy gold bars in person? I want not send money away via the web or other institutions. ?
    I want to go in with cash and walk out with gold bars.

    • ANSWER:
      It is legal to buy gold bars in the U.S.

      Now - where?

      I will poke around but I think a call to a jeweler will answer that question.

17. QUESTION:
    Should I buy gold coins or gold bars?
    I want to buy gold,but I don't know if it is better to buy gold bars or gold coins.Can somebody explain my which is the difference and which of these 2 is a better investment?

    • ANSWER:
      Assuming that you aren't buying coins for the numismatic value, then the form of bullion (coin versus bar) is really less important than the amount of gold you are buying.

      To illustrate, looking at the precious metals store on Kitco.com on the evening of 11/11, I can buy a 1 ounce gold eagle coin for ,222.11. I can buy a 1/10th ounce gold eagle coin for 1.36. 10 1/10th ounce gold eagles have the same amount (and purity) of gold as 1 1 ounce gold eagle. Yet that gold would cost me 1 less if I were to buy the larger quantity.

      Similarly, a 100 gram gold bar would cost ,649.74, whereas a 1,000 gram (1kg) bar would cost ,433.41. 10 100 gram gold bars would cost ,497.40. A difference of for the same amount of gold.

      Taking this to the next step, 100 grams of gold = 3.215 troy ounces. The cost per ounce of the 100 gram bar of gold = 1135.22 per ounce. This is compared to ,222.11 per ounce for a 1 ounce coin. (Note, there may be differences in purity in this example, but you should get the point. Quantity of gold is the more important factor) Also note that the price of gold at the time these quotes were read was 1,121.20.

18. QUESTION:
    Is there a website where i can buy gold bars or coins by the gram?
    i needed to know if there was a website that sells gold coins or bars by the gram. like where i dont have to buy a specific amount in order to buy,, and if it will be at the current price of the market thanks

    • ANSWER:
      Yes. I have some 10 gr bars from kitco.com you can get 1gr 5gr 10gr and 20gr as well as coins and larger bars. 1oz= about 28gr. But watch out there is more percentage mark up on the lower gr weights. Look for "chip gold" if you want the gr bars.

19. QUESTION:
    Are the seiral numbers on gold bars registered?
    I wanted to buy gold bars as an investment but was worried about the risks.

    What happens if you are victim of a robbery? Can we find them back or what would be the best insurance for it?

    Thank you for considering the question, please try to answer if you know anything about it.

    • ANSWER:
      Yes - so are the serial numbers - but that won't help when they steal them and melt them down !

20. QUESTION:
    buying gold bullion bars? is this a good idea to invest $ in?
    and im talking about buying and having put away.

    • ANSWER:
      Silver is a better investment. Right now the gold to silver ratio is about 58 to 1. Silver occurs naturally at a ratio of 17.5 to 1,(.04 parts per million vs golds .007 parts per million in the earth) so eventually over time, the ratio will have to go back to that especially if silver becomes unavailable to manufacturers because of scarcity. I believe both metals will go up, gold is really only protecting your assets in real money. Silver can actually make you a profit while protecting you.

21. QUESTION:
    Guys i m planning to invest in gold i just wanted to ask is buying gold coins,bars are better or ETF's?
    are good? I also want to know that which is more profitable and risk free and i also want to ask is long term better or short term.Please suggest.

    • ANSWER:
      ETFs have a high spread and are expensive.
      Better negotiate the gold through the cfd's.
      With this platform you can do http://www.plus500.com/?id=690&tags=yind1nov&pl=2

22. QUESTION:
    how to buy gold bars in Australia?
    Where do I buy gold bars from, if I wish to invest my money in gold?

    And how do I access it, if I need money? Is it easily accessible?

    • ANSWER:
      Bullion is not the way to go, Your country has many fine coins available. Search coin shops in your city. Do your own homework.
      Goldline.com is the basis for most dealers, I pay +25 above to open,
      -25 to close.

23. QUESTION:
    Where can I buy gold bars?
    I understand that if I were investing, it would be easier to just buy an exchange traded gold fund, but I'm looking for actual bars. Where can they be bought? Are online dealers my only option?

    • ANSWER:
      If you had enough money to buy gold bars you wouldnt be spending your time sitting on your *ss on a computer in Yahoo Questions asking dumb*ss questions like this.

      The rich are in contact with the rich and things like this are common knowledge.

      If you are planning on buying a gold bar Im sorry but they dont shave the gold bar down to crumbs for the amount of money you have.

      Keep dreaming pal!!!

24. QUESTION:
    is it better to buy gold coins or gold bars?
    i want to start buying some gold, i wanna start of small. i don't want the for an investment i just want them because i think they are pretty and i have always had a thing for precious metals. so which is better to own coins or bars? which resells for more money? give me all the info you know!

    • ANSWER:
      you should buy gold coins, bc a lot of gold bars arent 100% gold, n the companies tht make them basically scam their customers. but gold coins are made by the government, and the government would not do that.

25. QUESTION:
    Can I buy gold bars from a bank?
    I'm interesting in buying gold bars (1 oz. in size to start) and was wondering if I could purchase them directly from a bank. If so, could I buy it from any bank, or do only certain banks sell to private investors?

    • ANSWER:
      No, banks normally do not sell gold. There is a problem with taking possession of gold that requires an assay before you can resell it due to the risk of various tampering schemes.

26. QUESTION:
    Where in Dubai is the best place to buy gold bars?
    OK ok, the Gold Souk - but exactly where?

    • ANSWER:
      In Gold Souk They Have A No:Of Shops, In The Gold Centre..

      Try Buying It Frm One Of The Smaller Shops, You Shall Get A Better Price...

27. QUESTION:
    buying a gold bars, how, where, what?
    ok..i would like to have some safe in gold bars. But still a novice and i don't know which and where should i buy it. Currently i live in Germany but starting 2011 i will move to Switzerland for two years and then move to Indonesia for 1-2 years. I check the price in Germany and Switzerland and it cost €42/gr. But when i checked the price in Indonesia, it only cost Rp.353000 or €31/gr..how can the difference is so big? Is the price of gold is different in each country? or the gold itself is different? I've noticed that most of the country has their own gold, such as suisse gold, perth mint gold, etc..so what is the difference? if i buy suisse gold, can i sell it in other part of the world? since i'm gonna buy it in bars, i will bring it with me when i moving from one country to others. can i bring gold to other country? without tax of course..hehehe..it's not going to be many, i'm not that rich

    thank you for your advice

    • ANSWER:
      I too, am a novice. But I know a few things about gold though. It is so valuable because no matter where you are, it's GOLD. It's price is based on supply and demand just like any other thing, so in a country that mines a lot of gold and does not export it, it will be less valuable. However in poorer countries with almost no gold, it will be extremely valuable. The big difference in gold is it's quality, i.e. 12 karat or 24 karat and such. In each region different methods are used to purify the gold but the karats say how pure it is and are pretty standard all over.
      So where you buy the gold is not so important as how pure or how many karats the gold is.
      My suggestion if you want gold bullion, which who doesn't, is to buy the highest karat brick you can at the cheapest price you can, although I think generally all bullion is 28K. You could then turn immediately around and sell it at a much higher price in a better market.
      Gold is worth it's weight in gold anywhere you go. But right now is a much better time to be selling than buying. Wait till the markets stable and the price of gold will drop drastically as less people will be hoarding this universal currency that is barely affected by inflation.

      EDIT: Why you might want gold. If any more hits the fan and all hell were to break loose and anarchy overrun s all, who exactly is going to pay that dividend. While gold shaves very easily and dividend paid, no banks needed.

28. QUESTION:
    Where and how to buy Gold and Silver bars?
    Hello, does any one know how is safest way to buy Gold and Silver bars? Where should some one buy them? Is there a very safe way to buy them? What are the best known brands of Gold and Silver bars? For example I've heard that Johnson Mathy is a famous silver bar brand. Please give some reliable ways to buy actual bars not paper.
    Thank you in advance.

    • ANSWER:
      Don't listen to the others here that don't know what they're talking about. Ebay is the worst place possible, highest prices you can pay for gold and silver. They can't possibly get close to the current price, when the auction is a week away.

      Moreover, gold could still easily double in price this year or next as easily as not; nobody knows, and nobody has the right to tell you it's going down like it's a fact. They simply have a faulty belief that they know something, when they don't.

      I've been trading silver through Apmex for several years. They give the current quote on their website. And they deliver right to your front door.

      http://apmex.com/

      I gave away 5 oz bars/coins of silver at Christmas two years ago to family members, and last Christmas they were almost double the price. The gift that keeps on giving.

      Oh, another good site:
      http://www.kitco.com/

      Incidentally, until the Flash Crash a couple of weeks ago, nobody realized that ETF's could freeze up and lock you out of trading or redeeming the underlying gold or silver. If one of the reasons you're buying gold is to protect against a crash in the system, then a paper ETF cannot protect you in the event of a crash or system failure.

      Read this article how GLD/SLV ETF's may not be redeemable and a list of which ETF's got locked out:
      http://www.gamingthemarket.com/financial-armageddon-zombies.html

29. QUESTION:
    What is the kids website with dancing avatars where you can buy gold bars and chat?
    the website has a blue logo and you can make your own avatar ( dancing vampire girl) and play games like Belle's card swap or something I really need the name of this site!

    • ANSWER:
      Amazon

30. QUESTION:
    Can one carry gold bars from US to india?
    Hi
    As an investment purpose if someone buys Gold bars and Silver bars in US,will there be a problem in taking it to India? Is there a limit or other restrictions on this item?
    Pls let me know
    Thanks

    • ANSWER:
      No, you cannot import gold through the airport

31. QUESTION:
    What is the best site to buy 24kt Gold bars for a good price?
    Just wanted to buy one gold bar. Would it be better to get it from a site outside the U.S.?
    If you can recommend a website that would be great .Thanks.

    • ANSWER:
      What size gold bar? 1 gm, 2.5 gm, 5 gm,10 gm,1 oz.
      In the smaller sizes I prefer Pamp Suisse 24 kt gold bars.
      Try www.ebay.com if you only want 1 small bar.

      For more than 1 oz. try:
      www.monex.com
      www.bulliondirect.com

32. QUESTION:
    Can normal people own gold bars?
    Is it legal?

    I want to buy gold bars (as financial protection)
    Coz if the currency losses its value (like in Germany way back decades ago when kids used to play with wads and wads of cash) gold still has value and never losses it's value.

    I read that if a gold bar buys a closet full of designer suits 20 years ago, a gold bar still buys a closet full of designer's suits even in 2030, 2050, and so on. It never loses it's value.

    • ANSWER:
      The answer to this is yes if by normal people you are referring to ordinary individuals. Anyone can buy and own gold in the form of bullion. A gold bullion is gold in the form of bars or coins. Gold Jewelry and other forms of gold are not considered bullion. Gold bullion varies in purity from 22 karats to 24 karats. The purity isn't terribly important because prices of gold bullion are based on the amount of gold in the coin or bar. Gold jewelry and other gold items are not considered gold bullion.

      You can buy gold bullion at a shop that speciallizes in precious metals. Look out for a credible one in your community and buy form them. I don't know of any laws restricting individuals from owning gold bars.

      It's not entirely true that gold doesn't lose it's value. Gold is only as valuable as the market says. If an ounce of gold is selling today for 00 and 2years later it is selling for 0, then it has lost 0 in value. And it does happen. The only truth is that, gold value is less volatile and it has been proven to withstand depressions. It is always a solid investment.

33. QUESTION:
    Which is better, buying gold stock or bars/bullion?
    Figure a middle-class man with average income. Please cite your sources! Thank you

    • ANSWER:
      They both have pros and cons; historically, the most leverage to gold is through gold mining stocks.

      However, one must be very very careful which mining company or companies they choose, if going with individual stocks. I would avoid many of the penny stocks or micro-cap mining companies which are too speculative and stick with quality names such as American Barrick (ABX) Newmont Mining (NEM), Rio Tinto (RTP) and BHP Billiton (BHP).

34. QUESTION:
    How do you buy Gold bars or coins?
    im interested in investing in Gold because i heard that the dollar is coming to mean nothing.
    whats the best way to invest on something valuable like gold?
    i want to get some for my daughter

    • ANSWER:
      If you are new to investing in gold, like I was, you might find this site to be a good resource. It has a lot of articles to help you get started investing in gold coins, bullion, mining stocks, and even prospecting for gold yourself. It also has links to some good books that can teach you even more. Investing in gold is not the kind of thing that you want to wander into blindly.

35. QUESTION:
    Can I import gold bars from a diffrent country?
    Can I import gold bars from a diffrent country and take advantage of the stronger dollar vs a weaker currency like the Indian ruppee and buy bars of gold in ruppess but then sell them here in the USA?

    • ANSWER:
      You can try it ......its defintely worth it lol

36. QUESTION:
    Can I buy gold bars and sell them later?
    I'm not concerned about profit I'm just concerned about people snooping about my assets this year and I do think that's gonna happen quite a bit this year. So I was thinking hold on to the gold bars and then liquidate them in 2009. Thanks for your advice
    If the bars lose 2% I don't give a sh*t the issue is the snooping. Thanks
    to "none" _ i am not buying shares of a gold mining company or anything similar. i would want actual bars and keep them in my house
    thanks zygot _ thumbs up

    • ANSWER:
      yes

37. QUESTION:
    Is it better to buy gold nuggets or gold bars?
    Is it better to purchase gold nuggets that are cheaper than bars and collect them and divide them into ounces?

    I guess another question is are gold bars more of a value than gold nuggets?

    • ANSWER:
      Bars like zanies

38. QUESTION:
    Where can I buy gold bars (sabayek dahab) in Cairo, Egypt?
    I'm thinking of going 2 Egypt in the next few weeks and I want to buy gold bars from there cause I heard the quality of Egyptian gold is the best....I know the situation in Egypt is unstable and unsafe right now...so I don't wanna buy the gold bars from jewler shops or mints....so I was wondering if I can buy gold bars from banks in Egypt....I bank with HSBC bank...thank you all in advance

    • ANSWER:
      Bullion gold, is bullion gold. An extra 2/100 of pureness, makes little difference (my opinion). Plus you've got the question on the quality of the gold, or if it is gold?? Once you've bought it, and are a thousand miles away, how do you get your money back, if this gold is not real??

      I buy gold coins - Krugerrands, from a local coin dealer (whom I trust). Or Kitco is a good source.

      Can't help you with what (or if) Egyptian banks sell gold. Do a google search & see if you can find this out.

39. QUESTION:
    Does anyone know a good place to buy gold Bars in the Bay Area, California?
    I know you can purchase online too but I would like to know an actual place where you can go and pick up the bars. Thanks

    • ANSWER:
      In normal times, almost any coin dealer will carry gold, as well as silver coins. But of course, these are not normal times. There is a huge demand for gold coins. Call around to various coin dealers, to see if they have gold in stock.

40. QUESTION:
    Where is the best place to buy Gold or Silver bullion bars?
    Where is the best place to buy Gold or Silver bullion bars? On the internet (which site) or from a dealer? Where is the best place to buy precious metals that is certified?

    What are the risks involved in buying precious metals?

    • ANSWER:
      Apmex.com is the best place to buy PMs online. You may be able to do better with a local dealer if you can establish a good relationship. I'm not sure what you mean by "certified" if you mean slabbed by a grading company like PCCGS or NGC it is really not worth it for bullion coins.

      RIsks are just like buying any other commodity; there is likely to be volitility & you may not be comfortable with the price swings if you are only in it for the short-term gains. In the long-term, PMs are in a multi-year bull market & will do very very well for the next 3-5 years or so.

      Also you must consider storage with physical gold & silver. Silver is especially bulky when you are talking 100+ ounces so you must think about a place to safely store your bullion.

      Hope that helps!

41. QUESTION:
    Can someone tell me how I can start buying gold?
    How can I buy gold? Who do I need to talk to? Gold bars, gold coins. And how much dose gold cost?

    • ANSWER:
      The best way is the buy either of the two gold ETF's that have gold/gold futures, and not gold stocks. Those ETF's are the GLD , and DGL. Both track the price of gold very closely.

42. QUESTION:
    How do you buy gold without getting ripped off? I don't want to buy Retail gold, I want to buy some Gold Bars?
    at the price listed in the Currency section

    • ANSWER:
      If you want to buy gold do it when the price pulls back, i.e. when it's down. Here are a couple of places where you can buy bars.

      http://www.monex.com/

      http://www.kitco.com/

43. QUESTION:
    Buying gold bullion bars? is this a good idea to invest $ in?

    • ANSWER:
      That's a matter of opinion. Although it's pretty gold is effectively fairly useless, as a result it's price fluctuates wildly according to how people feel about it. This means that there are big gains - or losses to be made, depending on when you buy or sell it. Other precious and semi-precious metals have industrial and electronic uses so don't suddenly lose all their value for no apparent reason like gold sometimes does, so although the gains might not be as much they're unlikely to lose value suddenly as a result of a recession or inflation, or just a loss of market confidence.

44. QUESTION:
    Which is a better investment Rare Coins or Gold Bars?
    Hi, I am interested in investing in physical gold. In your opinion, which is a better investment - Historic rare coins that have collector value or straight gold bars bought as close to market price as possible?

    • ANSWER:
      How much time do you want to invest in research?

      Buying historic rare coins requires you to do some research to know if you're getting a good deal. You are also betting on two things, the value of the gold, and the value of the rarity. If you buy gold bullion, then, you're just betting on the value of gold. I'd go for the pure gold bet if I was looking to bet on gold, since I don't know much about values of rare coins. However, if you want to take the time to learn about rare coins, you have the possibility of increasing your wealth from two sources with rare coins.

      Then again, you could also invest in gold mineing companies which would make more money when the price of gold goes up, and are easier to store and trade than gold bars.

      I hope that helps.

45. QUESTION:
    Where can I buy and invest in gold bars ?
    Why aren't pple investing in gold? I found many dealers on internet that sell gold bars but I'm hesitant to purchase one rite now cuz I don't know which company is trustworthy. I would appreciate if u tell me how to buy and sell gold bars.

    • ANSWER:
      The era of buying gold directly is GONE forever.

      Buy the exchange traded fund GLD.You get all the gains or losses from the moves in the price of gold and you don't have to worry about storing and assaying the bar when you go to sell it.

      See the chart at http://chartserver.fasttrack.net/chart1.asp?symbol=gld

46. QUESTION:
    Does anyone know of any good trusted sites to buy gold coins or gold bars?
    I am currently looking to invest in gold. I am looking for a trusted site that I can purchase the gold from. I recently found a site that sells gold for cheap, but am a little wary of purchasing from them. And would like to know if anyone had purchased gold recently or in the past and has a site that they would recommend and that they trust.

    Thanks in advance.

    • ANSWER:
      www.usmint.gov
      www.monex.com
      www.bulliondirect.com
      www.bullion.nwtmint.com

47. QUESTION:
    Where is the most reliable source to buy gold bars or coins?

    • ANSWER:
      Your local coin shops, see if they're on BBB

      Or Kitco.com, or Midas Resources, whatever you hear on radio stations, shop around, and compare prices on eBay. Those who have reputations to lose will not play around, so its just a matter of price by then.

48. QUESTION:
    Where can I buy gold and silver bars, coins and bullions?
    Exactly, what is a bullion? Is it like a coin?

    I was wondering where online I can buy gold and silver bars and coins. Would I physically owned them? Or would they sit on a vault somewhere?

    Also, how can I make sure that the gold or silver I buy is real and not fake?

    Thanks.

    • ANSWER:
      When someone speaks of gold bullion they are reffering to the actual pure metal. Depending on the country, gold, when used in coins and jewelry has variable purity. But bullion is as pure gold as you can get. For instance, you cannot buy 24K gold in jewerly in the USA (only 18K I believe) but you can in Europe.

      First you should ask yourself whether you want to buy physical gold and silver. Here are the drawbacks. You will pay a spread or increased price when you buy and you will have to sell at a discount when you sell. There are so many places to buy coins and bullion from but you will have to pay on average 5-10% to buy and sell each way. That is not good. And yes some places will store it in a vault for you for an additional fee.

      You could also buy gold ETFs (GLD ticker). These are funds that sell at 1/10 the trading price of gold. They have ones for silver too. ETFs (Exchange Traded Funds) buy the actual gold (or silver) and store it in a vault. The great hing is you can buy and sell each day so your investment is liquid. If you have physical gold or silver it is not as liquid. Also, these metals are very volatile and are best traded--I buy when they sell off and sell when they have a big rally. But it's not that simple. And if you really aren't an experienced trader, you shouldn't try to compete with professionals.

      I would not buy gold or silver from eBay because they really do a bad job of policing fake merchandise and are actaully being sued by Tiffany's (maybe other venders) for allowing fakes to be sold. And you can't count on their guarantees of product authenticity. I have been screwed by eBay.

      Before deciding what, how much and when you buy gold and silver you should have a good idea about investments and the economy. The best book I have read that explains things like no other is "America's Financial Apocalypse." You should probably get the Condensed edition. The last chapter is all about investments. Good luck mate!

49. QUESTION:
    How can I find a place to buy gold bars. How can I trust them? How should I pay taxes to gold value added?

    • ANSWER:
      Try APMEX.com. I have purchased there in the past and they were honest and provided good service. I think upon sale you owe a capital gain tax on any profit.

50. QUESTION:
    How to buy gold bullion bars and get the right price for the weight of gold? Investment?
    Gold spot 1120 per ounce at the moment and there is 28.3 grams in an ounce. So its 1120 divided by 28.3 = 39.50 a gram. is that right.?

    • ANSWER:
      Here is one sight you can go to. http://www.bulliondirect.com/index.jsp That is where I go to check out prices on gold and silver all of the time.