How To Buy Gold Bars

Frequently Asked Questions

1. 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

2. 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

3. 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:

4. 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.

5. 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

6. 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.

7. 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.

8. 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).

9. 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/

10. 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.

11. QUESTION:
    How to buy gold for investment purposes in the US?
    Is it better to buy bullion bars or gold coins? Can I buy from a reputable bank or the government instead of from a private dealer?

    • ANSWER:
      Central Fund of Canada (listed on the American Stock Exchange, symbol is CEF) holds nothing but gold & silver bullion so you get exposure to the phnysical element, and you don't have to worry about storage/delivery/insurance.
      One poster on another web site said he was told to only buy bars from Englehard and Johnson Matthey. They are the most recognized brokers. Other web sites: www.bulliondirect.com www.tulving.com www.kitgo.com
      www.gold-eagle.com (this is not a recommendation for any of these sites, I do not use them, nor do I buy gold, I pan for it while on vacation.)

12. QUESTION:
    Since Krugerrand / Canadian Gold Maple Leaf Gold Coins are not sealed is it safer to buy assayed gold bars?
    Also how does one check against receiving counterfeit Krugerrand / Canadian Gold Maple coins? What does assaying mean? Is it a guarantee?

    • ANSWER:
      zrs:

      Not sealed for what purpose? The coins you
      mentioned circulate through dealers and between
      individuals and are accepted as such.

      When gold is assayed, its fineness, or purity is
      being measured, and stamped as authentic by
      the company doing the assaying so as to let
      anyone know the legitimacy of the gold content,
      by weight.

13. 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:

14. QUESTION:
    how to buy gold bar in malaysia?
    what type of procedure do i need to have?

    • ANSWER:
      go to the black market

15. QUESTION:
    Where can I buy gold bullion or coins?
    I'd rather not keep money in the bank. So I'd like to convert it to Gold so its easier to hold on to and Im less likely to spend it. So where can I buy some gold bars or coins, and how do I know if Im getting a fair deal?

    • ANSWER:
      http://www.bulliondirect.com

      http://www.monex.com

      http://www.usmint.gov

16. 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

17. QUESTION:
    How can i sell a gold bar?
    I have a solid gold bar. I'm getting it tested for purety. it was inherited. it weighs about 8 kilos. Where can i sell it online? there are no places that buy gold bars where i live and i'd have to go very far to try to find a buyer. is there a place online that i can find a buyer?

    • ANSWER:
      there are dealers in every major city ... buying and selling gold and silver.
      8 Kilos is HUGE, if its real, you have a LOT of money there, I would enlist the aid of a few friends to escort me to the shop where I intended to sell it, just to be sure that nothing happens along the way. Check the present price of gold on the market on-line.

18. QUESTION:
    When is a good time to invest in gold?
    When is a good time to invest in gold, and how would you do it? Would you buy gold bars and coins or invest in gold stocks? And if stocks, which ones?

    • ANSWER:
      Some people think that times of inflation are ahead, which would mean it's a good time to buy gold.

      You can buy gold coins or gold bullion, or if you like stocks, check
      GG or CEF, which invest in gold.

      Grandpa

19. QUESTION:
    How to invest in Gold ?
    I am planning to invest some percentage of my savings into Gold.
    1. How do I learn more about investing in Gold? What are the sites and procedures to make Gold investments?
    2. Should I buy Gold (bars/coins etc) or invest in Gold funds?
    3. Typically what percentage of your portfolio would you invest in Gold if you were to?
    4. Are there any tax liabilities/exemptions from investing in Gold?

    • ANSWER:
      1.As someone who follows commodities along with all other markets, I have learned a lot from the commodities section of bloomberg.com. Remember, while gold has unique properties among commodities, all else equal, commodities tend to outperform during periods of high inflation, i.e. demand for goods that outpaces supply of identical or substitute goods-more currency chasing fewer and fewer goods. If you are interested in trading the commodity, then lind-waldock is one common commodities broker that many people use, but if you are simply interested in synthetically trading gold as you would a stock then you could do that as an ETF, IAU or GLD, with any discount or full service brokerage house. Personally I trade gold on a forex account under the name XAU/USD (NOT to be confused with the XAU-Philadelphia gold/silver index).

      2. If you foresaw a major economic crises in which brokers/banks were to fail, then you might consider the hard asset-but then you must take into account the risks and costs of storage. Coins, as with any retail instrument, tend to go at a premium, but the IRS also allows you to purchase US Treasury coins in an Individual Retirement Account, if that is a concern (qualified IRA investments tend to be restricted as you may know). Gold funds can define a wide variety of things-and the ETF's I mentioned offer a great way to synthetically buy/sell the asset. Many mutual funds that may be known as precious metal or gold funds simply invest in a portfolio of gold/precious metal companies-which will not always track the asset to the tee-in finacial terms, your benchmark error is going to be higher than it would be with an index or ETF.

      3. In order to answer this, one would have to know much more. A blogger above answered that commodities are extremely volatile, which is true. If you are simply planning to passively invest in this because you feel that the global economy is still expanding and will be expanding for a long period of time with inflation then enjoy, but make sure you have a valid reason for your views. Maybe you agree if you think that the government of the US will not do anything to support the dollar? Or that China will continue to grow inencumbered even after the Olympics? Remember, markets tend to be efficient over a longer time frame and for every buyer there is a seller who feels opposite of what you do. If you are interested in capital preservation then keep your allocation small-if you are interested in risk or have a trader-like mentality, i.e. not an investor, then you may want to risk more. Be careful.

      4.Gold, as with almost any other asset, is taxed as a capital gain/loss on a Schedule D when the asset is sold, so naturally holding for a year or less would subject you to a higher tax rate-short-term, than if you held it for longer than a year-long term.

      All of the above topics could have much longer explanations, so if you would like me to clarify anything don't hesitate to ask. Happy investing.

20. QUESTION:
    how much do the cost of one bar gold if i were allow to buy in BSP?
    can a ordinary citizen buy one gold bar in BSP? can i also sold back the gold i bough in BSP in later time if the price when up?

    • ANSWER:
      It changes everyday and will fluctuate throughout the day. Gold is a commodity.
      http://www.kitco.com/charts/livegold.html

21. QUESTION:
    whats the best way to buy gold at the moment ?
    Due to the current market in gold going upwards, whats the best way to buy it ? coins, bars, how safe to but it over the net ? is there site that explains in simple terms the best way without having to register. Thankyou.

    • ANSWER:
      Buy shares ina gold mining company otherwise if you buy actual gold you apy 17.5% VAT to this theiving Government and you have to make up that 17.5% before you are in profit.

22. QUESTION:
    How do I buy stock in the current market?
    I am looking into buying some stock, I am looking to get some expertise if possible...What markets are growing and not, what are the best absolute returns, Would I be better off buying bars of gold? How about investing in life providing foods? Throw what ya want at me...

    • ANSWER:

23. 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:

24. QUESTION:
    How much does it cost to buy a gold bar?

    • ANSWER:
      It depends on what it weighs. There are, of course, different weights of gold bars, that vary from as little as an ounce or half an ounce to a lot of ounces. (The heavier bars can cost millions of dollars.)

      As of when I was writing this, gold cost ,399.56 an ounce. So, a one once gold bar would cost ,399.56, a two ounce gold bar would cost 2 x ,399.56 etc.

      Hope that helps!

      PS. Remember that when you are actually buying a gold bar, the price will be inflated compared to its "trading price." This is because the seller, and all of the other in-between men have to make money. So, although all of the actual prices will be higher than the trading price, they will vary depending on the different mark-ups.

25. QUESTION:
    How will Gold Prices be affected by Union budget?
    I want to buy gold(Jewelery/Bars),But would like to know past trend in budgets,whether it will increase or decrease Pre/{Post budget,how will bullion rates change based on world economics in short term now?

    • ANSWER:
      The USA is running an annual deficit of 1.5 Trillion dollars a year, and that trend is expected to continue for several more years, even using optimistic projections. This means the U$ government is basically printing 1.5 trillion dollars a year. Inflation makes the price of gold rise.

      Grandpa

26. QUESTION:
    How will Gold Prices in chennai,India be affected by Union budget of India?
    I am in Chennai,India.I want to buy gold(Jewelery/Bars),But I would like to know past trend in budgets,whether it will increase or decrease Pre/Post budget,how will bullion rates change based on world economics in short term now?
    I had asked this query on Yahoo Answers,but answers were non-Indian Budget oriented,so I am posting this query again to restrict Anmswers to Union budget of India & gold prices.

    • ANSWER:
      In this Budget, it has been announced that Import Gold, Dity has been increased to 300 Rs/10 gm..

      So gold will cost more.

      Union Finance Minister of India Sh. Pranab Mukhurjee presented his Budget in the House on 26th February 2010.

      Highlights of Union Budget 2010 2011

      http://bit.ly/9FDsfo

27. 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.

28. QUESTION:
    where do I sell HDFC gold?
    I bought gold bars from HDFC bank in diwali. Their price is concocted ie. utterly rubbish.
    How / where do I sell it ? Tanishq wont buy and I dont know where else to go ?

    • ANSWER:
      No gold selling bank purchases gold from the seller-customers.
      Only avenue is open market-bazaar where you are liable to loose heftily.Alternative is make ornaments out of the gold and then sell off the ornaments. Here, the increased grammage while copper is added to enable making ornaments, may compensate the loss to a good extent.

29. QUESTION:
    buy gold to protect your money?
    I want to know if is it true that buy gold protect your money of inflation, also how truly is to buy gold( gold coins, gold bars, etc.) and if you want to sell your gold how difficult it can be?

    thank you
    For instance ,000 instead to save in bank buy gold to save up

    • ANSWER:
      Maybe a diversified portfolio of gold silver platinum. I think its always good to have a tangible asset
      in times of economic hardship. I've been buying gold and silver. Its not at all difficult to sell your gold, sometimes the company you buy it from will agree to buy it back. The dollar has been heading down. I guess I'm a pessimist when it comes to the economy especially now. Things go through cycles.

30. QUESTION:
    How to buy gold and silver?
    How to buy actualy gold and silver bar? is it a good investment?

    • ANSWER:
      Gold is a good investment if you are looking to buy and hold for the very long term. The issue with gold and silver as an investment is the tax treatment. They are heavily taxed when you sell them for a profit. So if you want them as a hedge against inflation, you are better off buying the actual metal in small quantities (

31. 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.

32. QUESTION:
    Buying Gold @ Dubai Airport?
    Hi ,
    I have 2 hrs transit @ Dubai Airport. would like to get some info:
    1)buying Gold Bar will be good or Gold Ornaments will be good?
    2)how about Gold Rate @ Dubai airport for both bars(coins)/Ornaments when compared to India rate?
    3)Dubai Airport Duty free is the right place to buy ?
    Thanks in advance!

    • ANSWER:
      1)The Gold price is the same internationally. In Dubai just don't pay any tax.
      2) Gold bars/coins are not avialable at Dubai Duty Free
      3) Ornaments are be cheaper in India.

33. QUESTION:
    Query - How Gold ETF works?
    Dear exprts,
    I want to know,
    1. How our money is invested in the Gold ETF & how mney grows in Gold ETF.

    2. Insted of buying Gold ETF is it worth to buy Gold Bars phisically.

    please suggest,

    thanks in advance,

    Girish.

    • ANSWER:
      Mention your nationality or you get irrelevant answers from foreigners.

      I purchased Reliance Gold ETFs on 17/09/2008 at Rs 1148/- per unit.

      Today after more than 13 months the unit price is Rs 1589/- i.e. a gain of 39%

      The unit price is equivalent to 1gm of gold.

      Do not buy physical gold. You loose on taxes.

      HMT

34. QUESTION:
    how can i buy gold and silver in canada?
    I dont want a piece of paper or internet reciept. I want to buy an accual gold or silver bar containg several ounces of certified product.

    • ANSWER:
      Go to your local pawn shops. The one I worked at got in 10 ounce silver bars every now and then. We sold them at spot value which is the current worth of the item. Finding a gold bar would be pretty dang hard your better bet is to buy krugerrands which is a 1 ounce gold coin. There are also other gold coins out there.

      Check out http://www.monex.com/liveprices for current metal prices. Look below for an explantion of how to get the per gram price of something if you need to.

      You have to do a bit of math here. (current gold price) / (ounce) x (14k purity) = (spot price per gram) so that goes like this 1363 / 31.103 x .585 = .63 If you want to do silver then replace the current gold price with silvers current price and replace the purity with .925 for most things, but a silver bar would be .999 purity.

35. QUESTION:
    How to buy Gold at the Bank?Why ppl said buy Gold is the most stable form of investment?
    Is it in Gold bar,Gold Coins or a piece of paper like Certificate stated how many ounce and KG of Gold u have ?

    Since the price of Gold also flucture a lot?

    • ANSWER:
      Agree with SBH. I was once worked with Maybank for a while few years ago. They have this scheme called Gold Savings Account, where you purchase the gold and keep it with the bank. You won't receive actual gold as it is kept by the bank, but only an account book like normal savings account which states the weight of gold you own instead of RM. You can sell some of the gold back to the bank based on prevailing bank's purchase price (equivalent to withdrawal in normal savings account).

      You may try to ask Maybank if they still offer the gold savings account, I'm not sure. We are not familiar with it because gold savings are never popular among Malaysians.

36. QUESTION:
    How to buy GOLD and SILVER?
    I am intrested in buying gold and silver coins and bars. There seem to be different kinds and prices. I am not a coin collector. I am buying them to protect some of my savings. I am new to this. Can explain how to buy and the differences between different coins? What should i buy? All opinions are welcome.
    what about .999 and .900? what does that mean? How do you resell the coins?

    • ANSWER:
      there are indeed different gold coins and bars from various countries around the world. some of the major producers are Australia, China, South Africa, Canada and the United States.

      ideally you would want to buy them from a major dealer in precious metals rather than from a coin shop. i live in NYC, so there is a major dealer here that i visit personally. if you do not have a dealer like that nearby, you may have to rely on the internet. there are a handful of good dealers out there.

      as long as you keep track of the gold and silver prices, you will be able to tell how much you should be paying for an ounce or more without overpaying for anything made more for collectors. for example, i buy 1-ounce gold Krugerrands from South Africa because they are generally the cheapest above the gold price. if the gold price were 0/oz., let's say, i would expect to pay no more than 1% above the gold price plus dealer's premiums and commissions, which would be anywhere from 0-930. if i found a lower price than that, or if i knew someone privately i could offer just 0 to, then i'd do that in a second.

      there are many more gold products that the above countries make, which come in various sizes and fineness, and some are made as commemorative issues for collectors for which often a hefty premium is charged, sometimes double or more of the actual gold price. these would not be good for just protecting your savings.

      the story is similar with silver. i usually buy 1-ounce American Silver Eagles and Canadian Maple Leafs. the ASE's have a face value of US, and the CML's a face value of C. right now that is of little to no practical value, but in case of severe deflation or if everything else vanishes they are guaranteed to be worth at least that much. for these bullion coins i pay the silver price plus - premium per ounce. it seems like a lot, but i expect to get back most of the premium when i sell. i also have 100-ounce silver bars for which i paid only a 25-cent/oz. premium and 10-ounce bars for which i paid a 50-cent/oz. premium, but i find them a little more trouble to handle and store.

      .999 and .900 refers to the purity of the metal. for gold, .999 is 24 karat gold, which is practically pure. anything less than .999 means simply that another metal such as copper is mixed with gold to form an alloy. this is done because pure gold is unusually soft, as metals go, so it is alloyed to make it much harder for handling and transport. there is nothing wrong with having .999 coins, but they do scratch and dent if you throw them around. Krugerrands are 22 karat gold, or about .917 fine. fineness doesn't matter, as long as you know the weight of the gold itself. since my Krugerrands are only .917, each coin weighs more than 1 ounce, exactly 1.0909 ounces, to account for the addition of copper. .999 silver also means that it's pure, but i believe pure silver is harder than pure gold, so you won't find much bullion silver that is alloyed.

37. QUESTION:
    I don't have much money to invest, what kind of gold coins should I start with?
    I would like to start acquiring gold coins such as the Swiss 20 Francs or gold bars etc. but not something that the government could confiscate (ie us coins after 1933). What would be a good online website to buy gold from? Would gold bars be good as well? How about the effects of grading, certified or not, year, etc. affect the price (in particular - swiss franc).

    • ANSWER:
      frankly, i would save until you had enough to buy 1-ounce Krugerrands. they carry one of the lowest premiums over the gold price, and they are the most recognizable bullion coins in the world. smaller gold is okay, but some of them have some numismatic element, which can be unstable, and i don't think the extra premiums are worth it.

      other posters have advised against gold simply because of the 1980 spike and subsequent crash. while it is true that you would have lost a ton of money in that particular instance, you have to ask the question, how many people actually did that? most gold bugs would have recognized gold's ascent early on and ridden the price up to just below bubble levels.

      i also don't recommend gold ETF's simply because you don't really own the gold, but rather a share in what the ETF issuer says it owns. if the ETF were to go belly up, you might not get back what you put in. the risk is very very slight for corporate incompetence and malfeasance, but it's there, nonetheless.

      i myself don't "invest" in gold, i have it as a permanent (never sold unless all hell breaks loose...) hedge in my portfolio, being about 10% of my net worth, and rebalanced regularly. as i earn income i convert about 10% of that into gold, and sometimes i pay a lot, sometimes less, but the gold price is actually irrelevant to me. i also have a similar percentage in silver, and i'm currently overweight in silver.

38. QUESTION:
    where to buy gold? safest way?can i trust online gold bar sell site?
    can any one pleas let me know where safest way to buy gold?
    and how can i know it's original?

    • ANSWER:

39. 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.

40. QUESTION:
    Where does one go to buy gold?
    I am wondering about where I would go to buy 'raw' gold. I would say bars? but I'm not sure exactly how it comes.

    Anybody know?

    • ANSWER:
      Now majority of Banks sell gold, in bars. In India it is available across the counter of selected Banks, with purity certificate. If you want you can bring it to home, or keep it there itself, for future trading. Enquire at your Banks also.or reputed jeweller will also sell it in bars. Make sure, they give purity certificate.

41. QUESTION:
    Where do I go (physically) if I want to buy gold (details)?
    I want to buy gold (coins, nuggets, bars) but I do not trust someone on eBay, or any other internet source... I want to physically go to a store. Plus, how do I research to find whether or not I'm getting a good deal on my gold?
    Note: I do not want to buy gold and get a note saying I own it... I want gold in my safe at home.

    • ANSWER:
      good god these people are uninformed. if you like to buy precious metals all you have to do is go to a coin dealer in your area. you can see what they have available and then you can use the internet to research the values. there are many reputable sources for coins on the net such as gold line and apmex, you can use their sites for price comparison. believe it or not, ebay is a great research tool for price comparison.

42. QUESTION:
    What is the current price for One Kilo Gold Bars and how many would you be able to buy with £120,000?
    One Kilo gold bars of .9999. Must be certified.

    • ANSWER:
      The price of gold is around 00 per ounce. The exchange rate is .50 to the pound so £120,000 is 0,000 so you would be able to buy 163.63 ounces of gold. Which is 4.64 kilos.

43. QUESTION:
    How to hiding assets?
    Say i buy gold bars for the next 30 years as a part of my retirement plan. With in that 30 years my wife divorces me. Do you think there is a way to track me buying gold if i don't leave a huge paper track. What might happen if i get busted for asset hiding and i moved to Canada with my gold. Do you think the U.S would send a bounty hunter to bring me back? Sorry but ill never trust a woman with my financial future.

    • ANSWER:
      LOL
      If you are so worried about a woman taking what you have, then you should stay single, don't make a woman take care of your needs only to screw her over later in life. That would solve all of your money worries as to a woman taking what you have. Plus she wouldn't have to be worried that you would be so selfish as to marry her and then squirrel away money behind her back, thinking of leaving her or what ever your planning to do.

      It would be better if you just stay single, then as I've said you wouldn't have to worry about your precious money. Maybe it should be the women who are worried about you, because there are women who have money and they might not want you taking what they have. It can work both ways.

44. 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.

45. QUESTION:
    buying physical gold and silver?
    i know its important to own physical gold,silver or both these days..but i am a new-bee.i have alot of questions.

    1.i want to buy real physical gold and silver not on paper,,is this a good site to buy themwww.gainesvillecoins.com

    2.difference between bullion,perth mint,modern coins pre 1933 and any other if there any

    3.should i buy bars or coins or it doesn't matter and the important thing is how many oz of each u have.

    4.this is probably the most stupidest question of all.. how do i sell it or covert into cash when i think its profitable.. where do i sell it..online?,bank?

    • ANSWER:

46. QUESTION:
    Buying physical gold and silver?
    i know its important to own physical gold,silver or both these days..but i am a new-bee.i have alot of questions.

    1.i want to buy real physical gold and silver not on paper,,is this a good site to buy themwww.gainesvillecoins.com

    2.difference between bullion,perth mint,modern coins pre 1933 and any other if there any

    3.should i buy bars or coins or it doesn't matter and the important thing is how many oz of each u have.

    4.this is probably the most stupidest question of all.. how do i sell it or covert into cash when i think its profitable.. where do i sell it..online?,bank?

    • ANSWER:
      nice idea
      i do it too, i invest in gold because it's a good promising investment better than stocks,bond and time deposit

47. QUESTION:
    Which gold bullion to buy?
    I would like to buy some gold bullion coins/bars
    It seems Bullion Gold Bar .999+ Pure - CMX (Sealed) (1.000 oz.) is the cheapest whereas the
    S. African Krugerrand Gold Coin (1.000 oz.) cost a little more and the
    Canadian Maple Gold Coin (1.000 oz.) , American Eagle Gold Coin (1.000 oz.) cost even more!

    I believe the intrinsic value of the gold should be all the same between the items... Which is best to get for purely investing purposes. (I don't really care how it looks, just that it would be easy to trade in the future..)
    Thanks!

    • ANSWER:
      It all depends on how much you are looking to invest, but in general I would buy gold bullion and not numismatic coins. Plain coins are called rounds and just have a hallmark on them. If you were talking about buying a handful of coins I'd say get what you like, but if you want to buy significant volume I would just go with bullion for a couple of reasons.

      Bullion is easier to store. If you are buying some coins and putting them in a safe it's not a big deal but if you are buying 100 oz and don't want to worry about storing it yourself. You mention that you plan on trading it. If you plan to be an active trader you will need to have it placed in storage so you can move it quickly. If you go with gold bullion you can opt for unallocated storage which is cheaper.

      I have significant gold and silver holdings. I own bullion, both bars & rounds and I keep most of it in storage so I can trade it. My son took an interest in precious metals so I bought him a silver Buffalo/Indian Head coin as a gift because it "looks cooler"(his words) than rounds but it is a sentimental purchase and not an investment.

48. QUESTION:
    How do you invest in gold?
    Do you just go to jewelry store and buy a bar or gold and keep it in your closet? or is like other investments where you go through a brokerage but you don't actually keep the gold with you?

    • ANSWER:
      yes buy gold bullion if you would like to invest in gold. you can find these companies all over the us, especially new york. right now is a waiting peroid, people are just waiting to see whats going to happen with gold because they arent sure if its safe enough to invest in right now due to the economy. the best bet is to look out for the stock quote for gold and monitor any unusual rises or drops. as of now it is not safe at all so dont even bother.

49. QUESTION:
    Which company is the most honest and reliable to buy gold from?
    Which company is the most honest and reliable to buy gold from?
    I would like to purchase gold bars for investment purposes and I would like to know if there are any companies that others have used that are easy to deal with, have a good turn around time and whom I can deal with online as opposed to going into a store. Since I don't have the time or know-how to do research on this subject, I'm thinkin that maybe there are companies who have been around long before this 'gold rush' fever hit us in the current day, who may have a good following and who are trustworthy and will give a fair price. Thank you. (I am thinking about investing in the neighborhood of maybe K-K.
    Category

    • ANSWER:
      I've dealt with APMEX several times, with about 15K spread over a half dozen orders. They've always been good. Recently I've been trying Bullion Direct's Nucleo Exchange, they seem pretty good too, and the prices are lower, but you don't know what condition the coins will be in. Either place is super reliable and safe, and both have been around several years (APMEX was founded in 1999).

      I would strongly suggest you get gold coins, instead of bars. Gold Eagles or Krugerrands are recognized anywhere in the world and carry a low premium.

      You might also want to check a price comparison like http://coininferno.com Just click a coin and they list dealers' current prices. Remember, just 2% more on 20K order is 0, so it'll pay to shop around a bit.

      You might want to consider splitting your buys up over the next few months, that way you'll get an average price, and not just whatever spot right now.

      And finally, don't buy an ETF, mutual fund, or mining company stock. If you want a piece of paper, just keep your dollar bills. If you want gold, make sure you can hold it in your hand.

50. QUESTION:
    Can/How Can I buy Copper and/or Tin Bullion?
    People invent in precious metals because they have intrinsic value that will remain, even after say a nuclear Holocaust.

    While gold/silver have a lot of value, I was thinking that I could probably do better with copper and tin, they are easy to work with, and you can make bronze quite easily with them. I am aware that buying copper and tin is a poor investment decision, and won't really help me in a survival situation, but what I want to know, is it possible to buy bars of copper and tin (say one or two), and where would I do it?

    I say again, I want these bars purely for fun, not as any rational investment. Thank you.

    • ANSWER:
      Best thing would be to go to a pawn/antique shop, buy a bunch of stuff made with those metals, melt them down, and make a bar.

      Individual investors cannot just buy a bar of metal.. however since those metals are more common, go to Home Depot and look for them, ie. Copper Wire.

      If you want to invest in them to make money because you think their price will go up, buy an ETF or a large producer/distributor of those metals, stock.