How Do You Buy Gold

Frequently Asked Questions

1. QUESTION:
   How can you buy gold bullion from the US government at the spot price?
   Is there a way to buy in large enough volume so that you can go straight to the US mint to buy gold coins and avoid paying a dealer mark up percentage?
   Do I need a license? Do I have not chance?
   I am looking for physical gold that I can hold like a 1 oz coin. Or a gold bar like on the movies.

   • ANSWER:
     You are confused.

     The United States of America DOES NOT SELL Gold at the spot price.

     The United States of America BUYS GOLD at the spot price and then RESELLS IT as a COIN for a far larger price.

     For this reason nobody buys Gold Coins anymore as investments and they are only bought by coin collectors.

     If you want to invest in gold then just open a brokerage account at TD Ameritrade or E*Trade and buy IAU or GLD.

2. QUESTION:
   how do you buy gold or platinum as a stock or through bank as an investment?
   I am interested in buying precious metals like gold, silver or platinum as an investment, like stocks or bank issued papers, but dont want to physically buy them. Can you suggest me a way to do that?

   • ANSWER:
     You can buy gold as a stock with the ticker GLD. One share equals 1/10 ounce. For platinum it is PTM. You could buy a company that mines platinum. Impala Platinum is one. It is down about 50% from a year ago.

3. QUESTION:
   What is the best way to buy Gold, as of today Gold has gone up 60%, I have 0.000 how do I buy Gold?
   My bank gives me a lousy 2%, and the money just sits there, but I am clueless on buying gold, when I buy gold, does it come in coins that I have to put into a safe deposit box?
   And how legite are these Gold selling companies?
   And which one would you recommend, in other words, how does one buy Gold?

   • ANSWER:
     You can buy gold coins (if you can find them) and store them in your safe or a safe deposit box.
     If you trade stocks, look up:

     http://www.centralfund.com

     or

     http://www.gold-trust.com

     These folks stockpile precious metals, and they are honest. The only problem is the shares are trading at a premium right now. You can wait, if you wish, and the premium may go down, but the price of gold will go higher, so it's your call.

     You can learn quite a bit about gold here:

     http://www.kitco.com

     Good Luck!

     Grandpa

4. QUESTION:
   How do you sell gold? Everyone keeps telling me to buy gold, but what if the world doesn't end?
   More to the point: without taking a massive loss. Looks like to me that whenever you sell gold (barring an apocalypse) you lose. If you had bought it back in 2000 for 0/ounce and sold it now, you would only break even. Even though it's hovering around 0 to buy it!

   • ANSWER:
     You can invest in gold in a few ways:

     buy actual gold. but then you have to find a place to store it. that costs money.

     invest in gold mining stocks. as the price of gold goes up, the price of these stocks goes up (usually)

     buy a gold ETF, such as ticket symbol GLD.

     check out my blog for more investing ideas:

     http://kmsweeklystockpicks.blogspot.com

     you can connect to me on twitter through my blog. this way you'll get notified when i create a new blog entry.

     you can also chat with me via my blog if you have any questions.

5. QUESTION:
   How to Buy Runescape Gold Now After The Update?
   Before the update, I have bought runescape gold multiple times and have received the gold every time i bought it. I want to know if you can still buy gold, and how the gold gets to you now. I've heard people talking in-game about how they can still do it somehow, but they didn't go into specifics because they said they'd get banned if they told us. I just need to know how you get the gold in-game. Thanks.

   • ANSWER:
     Against the rules, yes, but I've done my share Real World Trading... and since the update, I've been thinking about how to buy more cash online... and I think I may have a solution. The answer? That one thing that apparently EVERYBODY just HATES... Bounty Hunter! It's actually quite simple, really. You find someone who sells gold online who is the lowest level in one of the three ranges that you are in. You both keep going in and out of the area until one of you have the other as a target... you fight, and the one with the money does not attack back! Simple, right? I don't know if that would work or who would help... but there's my idea! I hope it works! Good luck!

6. QUESTION:
   How do you buy gold in yen terms?
   I have heard financial advisors saying you should own gold not in US dollars, but Japanese yen. I know how to buy GLD or IAU, but these are not what I'm asking about, since these are denominated in US dollars. I have an online brokerage account, but have no idea how to do this. Help?

   • ANSWER:
     Gold is traded internationally in dollars. If a South African mine trades it to Kuwait who then sells them oil, the transaction is priced in dollars. If you trade gold on the Johannesburg, South Africa gold futures exchange the price is denominated in dollars (and the contract likely is the same size as the NYMEX contract but go check).

     Trading gold in Yen would be a gold trade and a currency trade. If you want to short the dollar against the Yen and short the dollar against gold, that's just a dollar-get-killed trade but there is nothing special about it. For that matter just short the dollar index futures.

     And Ziggy if you want to buy a DAX future, your only currency risk is the currency in your margin account. Since you are free to hedge that or remove it if you are up money, you can trade the DAX with little currency risk. You surely do not have to hedge the notional size of the contract.

7. QUESTION:
   Best time to buy antique gold jewellery?
   I'd like a solid gold chain and a pair of earrings, maybe some second hand stuff that always seems more solid and better made. I know gold is at a premium price but it's my birthday this month. Will the price in gold come down and where is the best place to buy it and what should I look for when buying gold. I don't want any more of the hollow gold coated stuff. Will the price in gold drop and how do you check on it?

   • ANSWER:
     well, the gold price will not down probably; but i think you can find from pawn shops or even second hand gold items, which would comes cheaper than the brand-new one

8. QUESTION:
   How to buy gold for investment?
   How do you go about buying gold for investment? I would like to buy it and take delivery on it as well.

   • ANSWER:
     There really are a lot of ways to get into gold investing, including taking delivery. But you do not have to actually buy gold to profit from it. There are a lot of gold-related investments, like stocks, mutual funds, and the like. This site has some great information to help you understand the various options and to get you started successfully investing in gold or precious metals. It does a good job answering the question, "Should I invest in gold?"

9. QUESTION:
   How do you buy gold and / or gold coins?
   Hello,

   I am very interested in investing in natural resources, specifically gold. However, I do not know how to go about purchasing gold and / or gold coins. Everything I come across seems like a scam and I can't seem to decipher what is real and what is fraudulent.

   Can someone please tell me how I can buy gold coins?

   Thank you!

   • ANSWER:
     FOR ONE, go to websites that sell gold products Kitco.com
     Ampex.com Monex.com etc. You do need a credit card.

     make an account ( usually free) and place an order.

     physical gold is sold in bars and coins and each product has a certain concentration of gold for instance 1oz or 1 gram ( or more).

     Wait of your stuff to arrive.

     These days, its much harder to have someone to buy from. All the gold dealers have gone into hiding it seems. Cant blame them.

10. QUESTION:
    Where do you buy gold coins in the US?
    Hey guys, since in Turkey it is so easy and simple to buy gold coins (with set market price for day), I got confused here in the US on how to buy some to keep... Anyone who has been collecting them here in the Turkish community? What is your buying strategy. I don't live in NY so, I don't have access to gold shop districts.

    • ANSWER:
      I don't live and familiar with gold purchasing in the US but you may want to check this out:

      http://www.usagold.com/productspage.html

11. QUESTION:
    Where I can buy gold bar in Sydney and how it works?
    Hey guy!! Do u know how can I buy gold bar in Sydney and how it works. Thanks you for answer.

    • ANSWER:
      Sydney is a fair sized town, it must be possible. Look up Coin dealers in the local yellow pages. If they don't sell them, they will know where they are sold.

      Current spot price is 8US = 1.80AU

      The spot price of gold and the exchange rate are both subject to change without notice. A dealer will charge you slightly more than current spot price for gold bars.

      You can follow gold prices online:

      http://www.kitco.com

12. QUESTION:
    since the runescape trade restrictions apply how would one buy gold?
    How do you buy gold now even tho there are trade restrictions?

    • ANSWER:
      the other guy is an advert but this is how they do it
      they don't
      some people got away with bounty hunter but thats impossable all they do is sell accounts now.
      hey if you need money you should merchant
      here is a good guide please cheak it out
      http://hubpages.com/hub/Merchenting-on-Runescape---How-to-make-millions
      add me boby475

13. QUESTION:
    How does one buy Gold cheap in Africa?
    How does this process work? Do you get it direct from the miners or through the back doors? Do you pay the US Gold Prices in Africa or do you get it much cheaper? Anybody with experience in the gold industry in Africa? This question caters specifically to a person with the US dollar looking to get the best deal on gold.
    How does this process work for an individual looking to acquire gold at wholesale costs.

    • ANSWER:
      that's a good question. i'd like to know the answer too. i know a company here in the states that buys and sells gold bullion. but it is the current gold spot that the deal with. they are onlygold.com if you want to check them out.

14. QUESTION:
    How & where do you buy gold?
    My husband said we could buy funds that invest primarily in gold but wouldn't it be safer now to physically have the gold? What is the difference between bullion bars vs gold coins? Thanks!!

    • ANSWER:
      Your first part of the question is technically correct, you would in fact be safer if you bought the gold physically. With gold funds you have to pay management fees, broker costs and future roll costs. Also, if the fund goes under you could lose some of your money or have it suspended by administrators for years (although for funds like the SPDR Gold trust that is very unlikely).

      The difference between coins and bars is just that, one is a coin and one is a bar!! Don't forget that gold is valued by the oz (Currently 0), the two most usual bullion bars are London delivery weight which weighs 400 oz (one bar = more than 0,000) and Kilo bars which weigh 32.15 oz (one bar = more than ,000). Then you have to pay for bank storage.
      In the USA you can buy Gold Eagle coins that are pure gold and trade at gold spot price They weigh 1 oz and less. There is often a premium to be paid and a spread by the dealers. It is worth mentioning that the US Mint has stopped production of these coins as there is a speculative bubble forming in gold.

      Be very careful if you are going to buy gold as an investment. It will not protect you against inflation for the long term. It will only protect against market perceived inflation. There is also a much higher percentage of investor bought gold, just like the dot.com bubble in 2000. There is a very good chance gold can rise to 00 to 00 per oz in the next 6 months. But if you hold this non yielding asset for long term you will lose money.

15. QUESTION:
    Have you ever sent in gold through one of those mail in we buy gold programs?
    I have some scrap gold (old necklaces that broke etc.) and a gold crown from my tooth. How much do those companies pay you. How much could I get for a gold crown? (I had to get a crown replaced on my tooth and I kept the old one that they took off)

    • ANSWER:
      don't use it go to a local pawn shop.

16. QUESTION:
    Fifa 11 Ultimate team help please: How do you buy gold packs on ps3? is it on the trade page?
    I have had 7500 coins for 3 days now trying to buy one, but I just don't know how, is it on the trade page??

    • ANSWER:
      No. On the Ultimate Team menu, it's called Store.

17. QUESTION:
    How do you buy gold on the market?
    Plus are there any ways to profit from Gold's appreciation without actually buying the metal.

    Thanks

    • ANSWER:
      commoditymarket it is like share market.

18. 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

19. QUESTION:
    how do you buy gold packs in fifa 11 on ps3? is it on the trade page?
    I looked everywhere, I can't find it, I had 7500 coins for the past 3 days now trying to buy the premium pack, but I just can't seem to know where to buy it from, I looked everywhere on websites and stuff... no luck, someone help me please.

    • ANSWER:
      No it's not on the "Trade" page it is on the "Store" page

20. QUESTION:
    Do you get microsoft points when you buy Gold membership for xbox live?
    If you do, How much do i get? And i got 12 month, do i get 1000 MSP or like 500 MSP?

    • ANSWER:
      No though that would be nice. MS Points and Live Gold subscriptions are two separate things. If you want MS Points, you'll need to buy them.

21. QUESTION:
    how do they get the money to your account when you buy gold on runescape?
    how would the people you buy gold from get the gold to you???

    • ANSWER:
      They don't. As the previous answerer said; they scam you. There's no possible way for them to transfer gold to your account.

22. QUESTION:
    How do I buy gold and silver?
    Any reputable websites? And how is it stored? Do they send it to you or store it in a bank somewhere? Please give as much detail as possible.
    No one has answered the question...please someone tell me what websites are reputable for buying gold and silver...anyone?

    • ANSWER:
      Gold is not a bad investment at this time. Seeing how inflation will rise in the coming years with all the money that has been printed. There are several places to buy gold. Here are some:
      http://www.apmex.com
      ebay
      pawn shops
      coin shops
      You normally take possession of the gold.
      http://www.bullionvault.com charges you to store it in their vault's.

23. 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/

24. 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:

25. QUESTION:
    how to buy gold for investment?
    Everyone has been talking about buying gold. But what does it mean since the dollar has been devaluating. S owhat does it mean? Are they saying for me to go in stores and buy materials made of gold? I know it's not what they mean, but what is it then? And how do i invest my money and gold and where?

    Thank you
    Can you tell me more details? What are the name of the stocks or some of the funds that are about gold?

    • ANSWER:
      There is a 30% premium when you invest in gold. You need to overcome that bofore you will make any money. The spot price for gold is about K per oz. Many analysts predict gold going up to over .5K per oz by the end of the year. The Fed is killing the dollar by lowering the interest rates and driving up prices. About 6 months ego the spot price for gold was around 0 if you would of bought then you'de already be making money. Prices of comodities will continue to go up. Oil, wheat, gold are your best bets. The world economy is developing faster than ever its not just the US and Western Europe anymore. Try the site I've listed it'll guide you through it.

26. QUESTION:
    How do you buy gold when you're broke?
    The Bible says you are poor and wretched and should buy the best of the best of refined gold

    http://www.desiringgod.org/ResourceLibrary/Sermons/ByDate/1983/373_How_to_Buy_Gold_When_Youre_Broke/

    • ANSWER:
      It would be legal for you to buy gold on a payment plan. Just like buying something with a credit card. YOu get the gold and you agree to pay the seller monthly. You could place the gold in a "neutral" place so you don't get to take possession until the final dollar is paid. You are the owner but you don't get possession. That would be fair to both you and the seller. And you would get your gold for no money down.

27. QUESTION:
    When you buy gold who holds it, you or your seller?
    When you buy gold you can get the actual metal or a paper note. most people do not hold there gold, How much gold would be left if we all demanded our gold. Research naked short selling of gold before you answer, or you will sound uneducated.

    • ANSWER:
      If you are buying gold as a hedge, you had damn sure better take delivery.

28. QUESTION:
    How stupid do you have to be to buy gold at a 70% mark up from Glenn Beck and then brag about it?

    THIS QUESTION IDENTIFIED TWO GLEN BECK ACCOUNTS HERE. JUST LIKE PALIN HE DEFENDS HIMSELF WITH FAKE ACCTS.

    • ANSWER:

29. QUESTION:
    How to buy Gold? Is it a stock to trade?
    How does that work? Do you have to buy actual gold to trade, invest, make profit...etc? thanks.
    What is trust? What is ETF?

    • ANSWER:
      i think you don't need actual gold for trade. check the link below to find your answer. hope it helps.

30. QUESTION:
    How to buy gold - Gold dollars vs. Gold coins?
    Hello,

    I have an interest in buying gold. However, I am very confused by the different gold coins (american eagle, american buffalo) and the golden dollar. Can someone please breakdown the differences for me?

    Specifically, are the golden dollars, such as the 2002 Golden Dollar (Denver Mint Mark A23) made of gold? Why does an american eagle cost so much?

    Thank you

    • ANSWER:
      American eagle costs more because it symbolizes peace and war for america.

31. QUESTION:
    Where would you go to buy gold membership for xbox live, and how do you put it in your xbox 360?
    Also what are points on xbox 360 and how do you use them?

    • ANSWER:
      Buy!!! Why would ever buy them when you could get them for free? Just use this website to get free Xbox Live Codes and stop paying for Xbox Live all you have to do is sign up http://www.rewards1.com/index.php?referrer_id=471874 and when you sign up to get started just click on the side link that says Offers and click on any offer and when your done with that offer you earn points (the points you earn for each offer varies) and with those points you could redeem to get free Xbox Live Memberships and Microsoft Points, this is one of the easiest websites to get free stuff......also after your done signing up click on the Beginners Guide Link so you could get a quick summary on how Rewards1 works.

      And the Microsoft Points are just points so you could buy things of your Xbox Live Market place

32. 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.

33. QUESTION:
    How many of you conservatives are going to follow Glenn Beck's advice and buy gold?
    Liberal are criticizing him for this, which means he must be right.

    Let us know what price you got it at and we can check back here in the future and see how well you did.

    • ANSWER:
      Looking at all that shiny gold will burn your retinas and cause blindness.......see what I mean!

34. QUESTION:
    Where can I buy gold as an investment?
    I live in Los Angeles. Can you buy it online? How does this work? Will I actually get a FEDEX shipment with the actual gold? or, will I have to go pick it up somewhere?

    Please be specific and give me names of serious companies you have bought gold from; and give me as many tips as possible.

    I know nothing about how to invest in gold, and I have a few K's that I don't want to keep in the bank anymore.

    Thank you for sharing your knowledge and experience

    • ANSWER:
      The Kitco folks are well established and will ship you gold if you prefer.
      You may pay fees for shipping and insurance. Even if you don't buy from them, their site is interesting reading.

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

      Also lookup a coin shop in LA. Some coin shops sell bullion coins, for example, krugerrands. Bullion coins are not rare, they are valued for their precious metal content.

      Grandpa

35. QUESTION:
    How can you buy Gold directly as opposed to like GLD funds?
    How does it work, today it closed at 1309. what does this mean?

    • ANSWER:
      That is the price of spot or futures gold which you can purchase on the commodities market (very risky).

      If you want to purchase gold to hold it you will need to purchase it from a dealer (expect to pay at least a 5% premium for gold bars and at least 10% premium for gold coins). That means after you sell it, you will have to increase the value by at least 10%-20% or more to break even.

      Therefore many people purchase ETFs which are backed by gold (management purchased gold on the spot futures market to cover the ETF). However, ETFs aren't free either since the management sets aside or redeems gold to pay their management fees. As an example. GLD originally had 0.1 oz of gold backing each share but now only has 0.097707 oz backing each share. Therefore the NAV of GLD drops in relation to the spot gold price as they extract more management fees.

      http://www.spdrgoldshares.com/sites/us/value/

36. QUESTION:
    how much gold is safe to buy without getting caught?
    hay my frien is thinking of buying gold and i told him not to he said he is anyway. but he asked me how much do you think is safe to buy without getting caught. so anyone whos bought gold recently or anything could tell me how much they bought and what the most is theyve ever bought (recently

    • ANSWER:
      Gabriela Pribyl stop posting that bullshit its nothing you whore

37. QUESTION:
    how do you buy stock in gold?
    I am unsure how i would buy gold in the stock market or futures of gold. is there a certain symbol for it? any help is greatly appreciated as i just took a finance class and i am still in the leaning process. THANKS

    • ANSWER:
      Buy GLD

38. 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:

39. QUESTION:
    How do You Buy Gold Coin ?
    Anyone tell me How do You Buy Gold Coin ?

    • ANSWER:
      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 in gold mining companies.
      There are basically four ways of buying gold and each depend basically on
      . These are:
      • Gold Coins
      • Gold bars to take home
      • Gold bullion or bars held in escrow
      • Gold in the form of Exchange Traded Funds
      • Gold coins and gold bullion

40. QUESTION:
    if you buy gold for WoW then it says ppl are trying to phish your account how do you stop it?
    i already changed my email and passwrd several times but it still says hackers are trying to phish my acount. what do i do??

    • ANSWER:
      go use another computer. Change your password from there from the WoW website.
      They may havee viruses on your computer
      check for viruses after you have changed your password
      If you cant find any play the game
      ps. I hope this is a lesson to you to not buy stuff over the internet from unreliable sources.

41. QUESTION:
    Will my bank go bankrupt? Should I buy gold instead? ?
    Now that I saw on the news that 2 major banks went bankrupt today on CNN I'm wondering what to do. I'm with pcfinancial which is a branch of CIBC in Canada. Do you think that I maybe in risk of bankrupt? Should I start converting my currency into gold? How protected is CIBC

    • ANSWER:
      I don't know anything about Canadian banks. Here in the USA, bank deposits are "insured" by the FDIC, although at the rate banks are going under, I doubt that the FDIC could cover them all. If you are concerned, withdraw your money. You don't necessarily have to buy gold, although it will retain it's value during times of inflation much better than cash.

      Grandpa

42. QUESTION:
    Where can you buy gold?
    I'm looking for the type of Gold that are sold in shares, you don't actually have the gold but you own a piece of it. And you don't store it yourself, the place you get it from stores it for you so there's no hassle of security and storage. What type of gold exchange do you call this? And what is the biggest exchange?

    Also how secure is this? Are you guarranteed that share no matter what, even if say something catastrophic happens like all the electronic records get hacked or destroyed?

    I'm not talking about buying coins or bullion you have to store yourself, this is different.

    • ANSWER:
      one of the best means of buying actual gold without taking delivery of it is the Perth Mint Certificate, which is issued by the Perth Mint (and sold through authorized dealers around the world), a sovereign mint owned by the Australian state of Western Australia. in addition to the sovereign guarantee, the mint is insured by Lloyd's of London. Perth Certificates assign you a certain amount of ownership in the gold that is stored at the Mint that can be sold back to the Mint (through the dealer) at current market value, or that can eventually be delivered to you personally anywhere in the world.

      alternatively, you can open a Precious Metals "bank" account at EverBank, as someone else mentioned. you also own actual gold in an EverBank account. EB is a real bank that offers all kinds of non- and more traditional banking services.

      the least secure means of "owning" gold is through an ETF, as others have also already mentioned. i say "own", because you do not actually own gold if you have an ETF, so be very careful about this. there is a certain advantage to owning ETF shares in that the minimums for buying into them are usually very low. what you are buying essentially are shares in the entity that owns the gold, not the gold itself, much like "owning" an apartment in a cooperative building; you do not own actual real estate, but rather a share of the corporation that owns the building. for all practical purposes it is still treated as actual real estate, but the distinction is important, nonetheless.

      shares in a gold ETF are in the form of a debenture, which is basically an unsecured loan. you assume the risk of the ETF issuer. there is a risk, however slight, of corporate incompetence and malfeasance. the gold that the ETF is accounting for may not actually be there; and, should the ETF go bankrupt, you will be left with no greater privilege than that of a general creditor, meaning that you won't get paid anything back until the secured creditors are satisfied, if there is anything left at all. general creditors are at best paid back less than they are owed.

43. QUESTION:
    how do you buy gold shares?
    How do you buy gold shares
    How do you buy gold shares in India
    When you havea share certificate it is only paper that you have payed loads of money for...How do you know its a genuine certificate
    How do you Validify the certificate

    • ANSWER:
      The stateside method is you open a stock trading account such as Scottrade. When you buy shares in a mining company like FCX - Freeport McMoran, the stock broker lists your holdings in a web-based page, just like an online bank account.

      In India it's common practice to buy actual gold in the form of chains.

      Hopefully there are banks that will store the gold and issue some form of document.

      Are you in India? Do you want to buy shares in a gold mining company or actual gold?

44. QUESTION:
    Buying gold stocks, how do you buy gold stocks, not gold mining company stocks, just gold?

    • ANSWER:
      There is a gold ETF rolled out recently, which directly own the gold bullion - don't know the ticker since personally I believe buying gold at this price is a sucker's game;

      Also you can buy gold bullion / coins issued by many government - just don't pay some brokers too much mark-ups.

45. QUESTION:
    how to buy gold plated jewelry,925 silver jewelrys,stainless steel jewelrys from www.nicejewelrys.com?
    how to buy gold plated jewelry,925 silver jewelrys,stainless steel jewelrys from www.nicejewelrys.com?
    do you deal with nicejewelrys before ?
    if so,please give me some idea.
    as so many businessman recommend this company as surpplier .
    and our company just start with nicejewelrys and get some excellent samples from nicejewelrys and will order a large ammount of jewelrys from them .
    so i really need some good idea
    thanks

    • ANSWER:
      fill in the buying form

46. QUESTION:
    where can you buy gold? how do you purchase it?
    I am thinking about buying a piece of gold because I know the worth is extremely good at this time because I think the US dollar will collapse; and I want to purchase something that can not fall in value.

    • ANSWER:
      You can buy American Gold Eagle coins from the US Mint. You can buy Kruggerands or Canadian Loonies from coin collectors or shops. People used to believe that gold would be accepted during times of war or strife. But look at any shopping center today. How rare is gold if JC Penney's has 2,000 gold items for sale and there are 10,000 total for sale in the mall.
      So the "value" is mostly hype..

47. QUESTION:
    can you buy gold at a bank?
    can you go into a bank and ask to buy gold ?like buy gold/silver bars or oz or where would you go. like in person. dont really like to do things over the internet. when you do it do you get like a piece of paper that tells you how much gold is yours? thanks in advance

    • ANSWER:

48. 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).

49. QUESTION:
    How does one go about buying gold and silver?
    -Where do you buy gold and silver and other metals (for investment)?
    -What is the process?

    • ANSWER:
      If you have not done it before, Go to a reputable bullion dealer. Buy actual gold, the dealers will probably store it for you if you do not want to take actual possession. Buying derivatives, futures and even certificates (IOU's in old fashioned terms) is risky if the company you are dealing with ceases trading.
      the process is simple. Pay Cash , buy Gold. I do not know any bullion dealers that give credit.
      For Silver, just replace the word instead of gold in the above answer.
      A good place to start would be www.kitco.com

50. QUESTION:
    What should I know before buying gold?
    I understand that paper money has almost no value anymore, they were never designed to replace gold and silver but to be receipts.

    Is it better to buy gold or silver?

    Does it matter what form the gold is in? Bars, coins, etc.

    How do I know that it is solid gold, if I buy from a government mint, is there anyway I can test the authentication of it?

    Would you suggest buying gold?

    Is 2011 a good time to buy gold?

    • ANSWER:
      A safe way to buy gold is to buy bullion in the form of internationally recognized gold coin, such as 1oz South African Krugerands or any other internationally recognized coin from various countries. They are the easiest way to move gold. Buyer's and seller's prefer not to have to weigh gold, determine its purity if they do not have to. Krugerands for example will buy and sell quickly just about anywhere in just about any city because they are quite easy to attribute a value to. If you spend a little time, you will always be able to find someone to buy or sell gold at spot price and can generally find commercial retailers in any city that will pay spot and sell at spot. They make their money in volume with the flexibility of the market.

      Stay away from ETF's, Antique coins, bars or buyers and sellers that do not buy and sell on the spot price. Gold vs Sliver is a debatable topic as to which is better. I prefer gold, but it's all a subjective perspective.

      Any time is a good time to buy gold if you are looking to have a tangibly valued item.

      Oh and, paper money never has had any value, never has, never will and fiat currencies will always collapse.

      Hiya's response; just about everything in hiya's response to your question is wrong. Be careful of what you read.