How To 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:
   how can I buy 24 carat gold bullion at market prices in Australia for investment purposes?
   I want to buy gold for investment (gold ingots or bullion) at market price in Australia, Melbourne, does anyone know where I should go? Thanks.

   • ANSWER:
     You can't...because the MARKET price is NOT what you will buy it for...the dealers have to make a profit so they add on a percentage over market, or service or handling charge.
     So you will NEVER buy it for the market price.
     And if you go to sell it BACK, they will only pay you a percentage of market price....at least 25% or more LESS than the market price. So they can make a better profit selling it to someone else! They might call it an 'assaying charge' (they will say they have to test it to prove the gold content, etc.)
     I have owned a jewelry store for 30+ years, and had friends invest in bullion and raw stock against my advice...because they thought they could make a good profit. Never happened...gold would have to almost DOUBLE in price from what you buy it for to make a profit selling it.
     I had the chance to stock up on gold when it was only an ounce...stupid me...I didn't think it would change much. It is almost 00 an ounce now...I could have made a fortune if I had even spent only 00 back then and stuck it in a safe!

4. 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.)

5. 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

6. QUESTION:
   Where is the best place to buy actual gold as an investment?
   Please, don't contact me if you're trying to sell it to me; I want to speak to people who have acutally bought gold. Also, I don't want gold certificates; they can be devalued at any time by the government if they so choose to. I want to know where and how to buy actual gold to keep in my possession but as an investment.

   • ANSWER:
     Dealers sell gold bullion bars in various weights from 1 ounce to 100 ounces or larger. You can also buy gold coins such as the American Eagle through dealers, brokerages and some banks. The U.S. Mint has a list of authorized dealers. You'll pay a commission or premium, and most dealers have purchase minimums. Be sure to study the differences between bullion gold coins, which are valued according to the market price for an ounce of gold, versus coins that have a collector's value.

     Exchange-traded funds
     Gold can carry concerns about authenticity and purity, as well as storage and insurance costs. But you can shed those worries and still own a chunk of gold by investing in exchange-traded funds that make buying and selling gold bullion as easy as buying and selling stocks.

     The share price of streetTRACKS Gold Shares (symbol: GLD) roughly tracks the price of gold and represents an investment in gold bullion. In effect you get to own gold without the hassle of storing and insuring.

     With GLD, each share is priced at about one-tenth the price of gold bullion. So if gold goes to 0 an ounce, then the price of a share should be about .

7. QUESTION:
   How to buy gold on Vancouver Island?
   I was wondering where would be somewhere to buy gold in Victoria, bc. Also, what type of gold should I buy and what would be the easiest to get?

   • ANSWER:
     Here's a couple places that trade gold. coins or bars are best way to go if you ask me, but depends on what kind volume you intend on buying.

     Van Isle Coin & Stamp - 250-382-6331
     831 Fort Street , Victoria , BC V8W 1H6

     Old 'N' Gold - 250-361-1892
     100-1011 Fort Street , Victoria , BC V8V 3K5

8. QUESTION:
   How can I buy gold without getting caught?
   Ok now the game have achievement points how can I buy a few thousand gold without getting caught? Also are there any bot for the game I really want to be able to level to 60 or 70 before wotlk come out in November 13.

   • ANSWER:
     best way would be to buy a new account and get the gold sent there then trade the gold over to your char they cant trace gold being traded. but i dont advise buying gold on the chance that you do get caught all that time spent leveling will be wasted.

9. QUESTION:
   How much did it cost to buy Runescape gold?
   I remember i used to play Runescape and people use to buy gold from sites like gold4rs. I remember it use to be something like [FAQ-QUESTION].50/million. Is that true? So when the Runescape Referendum actually goes through, i can buy like 100 million or something :]

   • ANSWER:
     Meh,if i was you i wouldn't waste money on buying gold.I bought this runescape guide recently,and,man it is great.Its updated regulary
     Check it out

     http://tinyurl.com/ultimaterunescapeguide

10. QUESTION:
    How to buy gold for investment in US?
    I see a number of 'bullion' companies but the charges are way above the spot rate. If someone were to buy couple of 100 grams of physical gold for investment, how can one do that without paying too much premium?

    I know there are some Exchange Traded Funds too that track the price of gold, but off late commodity tracking funds have come under lot of fire.

    Any ideas?

    • ANSWER:
      Go to a local coin dealer. He or she will probably have anything you want at a reasonable premium to spot.

11. 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.

12. 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!

13. QUESTION:
    How come Thom Hartmann and Randie Rhoades can encourage people to buy gold and arent berated for it?
    Beck has Goldline as a major advertiser because some racist group accused him of racism. Why isnt the left decrying their beloved Air America hosts the same thing??

    I listen to both sides and both sides are saying, BUY GOLD NOW

    • ANSWER:
      Beck is a watered down version of Alex Jones.

14. 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.

15. 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

16. 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?"

17. 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.

18. QUESTION:
    If the dollar is not under a gold standard, how come we can still buy gold?
    I never understood that. Does that mean we can buy gold from anyone else but the Central bank? Why do they care about gold, if people prefer to carry paper money instead of gold in their pockets? Do they fear that people may sell them if they did not have them in their vaults?

    • ANSWER:
      Under the gold standard there was a fixed link between an ounce of gold and a dollar. Now there's no link, so the price of gold varies according to supply and demand, and with the fortunes of the dollar in the international exchange markets.

      As an analogy, suppose there was a fixed link between the price of bread and the price of butter. If the demand for butter went up, so would its price, and that would pull up the price of bread even though demand for it might not have changed.

      But in the real world bread and butter are not linked, and their prices can vary independently.

19. 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

20. QUESTION:
    How can I buy gold jwellery ?
    I want to buy some 22 Karot gold jwellery in Canada. What is the current gram rate and making charges .What is wastage ? Please advice .

    • ANSWER:
      Just go to a reputed jewelry store.
      It is safe there. In the US there are many Indian Jewelry stores. So just go to a local Indian Grocery store, they will guide you.
      Do not worry about wastage and all there.

      Happy DhanTeras.And * Diwali!

21. 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

22. QUESTION:
    Is it batter to invest in stocks or buy gold?
    I don't have very much time to think about how to invest my money and I was wondering if stocks really make profit or should I buy gold and platinum.Can somebody tell me what to choose?

    • ANSWER:
      Stocks by far.

23. QUESTION:
    What's a fast, legit website to buy guild wars gold and items from?
    So yeah, just need to find a site that I can buy guild wars ectos and gold from at average pricing. Please don't give me crap about how buying gold is cheating, I just want a good site to buy it from. Thanks

    • ANSWER:
      You aren't going to find one. Anet recently banned 3,700 accounts for botting, match manipulation, and gold buying/selling. In addition, you aren't going to *ever* find a "legit" one, because *all* of them break the EULA. If you know buying gold is cheating, why ask for "legit"?

      BTW- if you took the time to learn, you could get a lot more gold and ecto, in the same amount of time you would take to find a site and buy it.

24. QUESTION:
    How do I get a licenses to Buy gold in PA?
    I would like to start to buy gold but i am not sure how to get a Licenses to do so. I am located in Allegheny county in PA.

    • ANSWER:
      I would start with Allegheny County Tax Collector or City Clerks Office, they should be able to tell you everything you need to know.

25. QUESTION:
    How or where can I buy Gold and Gold Stocks?
    What website or place do I go to to buy ounces of gold?

    • ANSWER:
      The cheapest way to buy gold is with the exchange traded fund GLD. One share is 1/10 ounce of gold. There are quite a few gold stocks that you can buy. The largest company is ABX. That is the ticker. Others are NEM, GG, UXG. There are also mutual funds that invest in gold and silver mining companies. Fidelity Canada fund hold some gold stocks. Ticker FICDX. Select Gold Portfolio is all gold mining stocks I think. Ticker FSAGX. There are several gold mining index funds also. GDX is one. PSAU another.

      You must open a broker account to buy any of these. Scottrade is an inexpensive on line broker.

26. QUESTION:
    How do I buy quality gold in Thailand?
    I want to buy gold bangles for personal use.

    • ANSWER:
      Just go to any gold shop and purchase baht gold 23 karat (96. percent). Gold shops are red and gold buildings and prices are fairly regulated. You can also go to the shops in the malls.

      Baht gold is selling for about 17400 baht for 15.4 grams(1 baht). there is a slight markup. for manufacturing. You can buy 1/2 baht (50 satang) or 1/4 baht 25 satang. Four (25 satang) bangles should be about 18,200 baht.

27. QUESTION:
    what are some online sites that are reputable to buy gold bullion or coins?
    just need websites that are reputable to buy gold/silver bullion or collector coins. i'm just worried of coins or bullion being faked. how do i know its real gold or real coins?

    • ANSWER:
      I know a website you can buy those. It's reputable if you just want to buy or be involved in their business too. But they have a lot of resources on their site for you to figure out real ones from fake ones.
      It's very reputable and that's where I buy my Silver coins (best time to invest in Silver). You can either buy one time or become a member and buy each time at a discount, whatever floats your boat

      Good luck!

28. QUESTION:
    what's all this talk about buying gold and silver and how and where do I buy these?
    Do I buy these in physical form? I don't really want that. It does not appeal to me. Are these for sale as a stock? I'd rather buy these in non-physical forms. I still don't get the whole thing about buying silver and buying gold? Who uses these anyway? Well gold is for luxury items, isn't it? Silver is for what exactly again?

    • ANSWER:
      Buy the SLV - silver, and GLD - gold eft's. Silver, as well as gold is an excellent conductor of electricity. So both of these are used in small amounts in your computer, as well as other electonic equipment. Silver is also used in film.

      The only reason you don't have gold or silver wiring (as opposed to copper), in your home, is because it is too expensive.

29. 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.

30. QUESTION:
    How to Safely Buy Gold in WoW?
    What website would you recommend to buy gold in World of Warcraft? Also, what precautions should I take to ensure I don't get banned/ hacked? I will use one of those prepaid visa giftcard things to make sure my credit card info isn't stolen.

    • ANSWER:
      Buying gold can get your account perma banned, is it worth it?

31. 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.

32. 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

33. QUESTION:
    What is the safest way to buy gold online?
    I would like to know how to safely buy this metal on the Web.

    • ANSWER:
      An easy way to take advantage of fluctuation in gold prices is to trade gold company stocks. ABX, AU, and NEM to name a few.

34. QUESTION:
    How or from who do i buy gold on wizard 101?
    My son needs gold on wizard 101, he has like 6,000 crowns or so, but says he doesn't know how to buy, or who to buy the gold from. thanks

    • ANSWER:
      Gold can be bought in the crown shop (its in the Left hand corner of you screen its it a CROWN icon)
      however i wouldnt recommend buying gold simply because it cost way too much money. you say your son has 6,000 crowns thats a little over .00 dollars that you can use towards something better than gold, since gold is easly earned by doing quests and selling unwanted items in the bazaar. if you can, tell me what your son wants to buy, it maybe that he can just buy it with crowns and not gold.

35. 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

36. QUESTION:
    How to buy gold ring with a small (any) diamond in it.?
    The astrologer told me to wear a gold ring with a small (any) diamond in it. I never bought any jewelry in my life. This is first experience. I don't know how much it would cost. How will I identify if it is natural diamond. I want to have at least 22 carat gold. Please help me how I should best buy the ring."

    • ANSWER:
      depending on the size and quality of the diamond and the weight of the ring, it will cost from around $ 200 upwards. You can go into a jeweler's shop and try online. Ebay has some as well(http://cgi.ebay.com.au/Solid-22K-Gold-Genuine-0-085-ct-Diamond-Ring_W0QQitemZ110330335669QQcmdZViewItemQQptZUS_Fine_Rings?hash=item19b03351b5&_trksid=p3286.c0.m14).

37. QUESTION:
    How can I buy and sell gold?
    I have an opportunity to sell gold to a refinery. What is a good way to buy gold in the USA so I could resell it?

    • ANSWER:
      Gold bullion is most often used as a hedge as it is the gold itself which retains value thus making gold equity useless in terms of asset protection. You can either buy bullion in the form of marked bars or gold coins. coins are usually easier to move about and liquidate both due to their smaller size as well as the fact that they are clearly marked. For this very reason it is suggested that if you decide to purchase gold bars you should only purchase clearly marked ones because there have been many cases in which the bar was only made up of a gold crust and the rest was a different type of metal with a comparable weight to volume ratio as that of gold.

      we live in an imperfect world where scammers try to wring out your last drop of blood you will have to be watchful when determining where to buy gold. Of course, the best places to buy gold are dealers with a stellar status and trademark, who can also be found online. The Internet gives you the benefit of being able to get recommendations from previous clients easily which will help you conclude whether or not the vendor is reliable.

38. 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.

39. 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.

40. 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.

41. QUESTION:
    Is it smart to buy gold bullion coins as an investment?
    Hi, I know nothing about coin collecting, advice is appreciated! From the little I've read, I'm wondering if its smart to buy gold bullion coins from a reputable dealer. Is it easy to make a profit over the years if I slowly buy them? How exactly do I profit, by reselling them to a dealer eventually?

    • ANSWER:
      as a general rule dealers buy gold bullion coins from the public at melt {the price of gold} minus 10% and sell the same bullion coin at melt {the price of gold} plus 10%....some major dealers work on a smaller margin...say 71/2%...or as low as 5% for some preferred customers
      your profit or loss will come over time by the increase or decrease in the value of gold... Traditionally gold and silver are purchased when they are dropping in price ..when their price is on the rise you hold or sell...when prices are going down you buy...in the long run you are working on an average purchase price....today gold is at 675.00 when it goes below that and while it's going down you buy when it rises you hold...you keep watching... when it's rising until it reaches new highs you hold or sell ....and when it starts to drops again and while its going down you buy.... when its going up you hold or sell.when it's going down you buy

42. QUESTION:
    Does anybody know how I can buy gold foil seals for my business?
    It is necessary for me to buy a lot of seals for my business . Help me please to decide where to get them.

    • ANSWER:
      I recommend you to go there: http://seerch.com/product/31640/Official-Seal-of-Excellence-Embossed-Self-Adhesive-Gold-Foil-Seals-100-Pack . There's a big variety of gold foil seals.

43. QUESTION:
    I want to buy Gold since the Dollar will collapse. How do i get Canadian Maple leafs.?
    I saw gold online but am afraid of getting ripped off. So any suggestions.

    • ANSWER:
      you are about 5 years too late. The dollar has been collapsing and GOLD has been rising. You certainly wouldn't buy gold online.

44. 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

45. 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.

46. QUESTION:
    How many Conservatives here buy gold-line coins?
    Is it true that FDR Came after Citizens of the USA's Gold, and the only people who were allowed to keep their gold were the ones who had Antique gold coins? Because I have tried to research it and it apparently never happend. FDR never took anybodys gold. So why is glenn beck saying he did?

    • ANSWER:
      True, for the most part (I still think Glenn Beck is an idiot, though):
      Executive Order 6102 required U.S. citizens to deliver on or before May 1, 1933 all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for .67 per troy ounce. Under the Trading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of the order was punishable by fine up to ,000 (6,640 if adjusted for inflation as of 2008) or up to ten years in prison, or both. Most citizens who owned large amounts of gold had it transferred to countries such as Switzerland.[citation needed]

      Order 6102 specifically exempted "customary use in industry, profession or art"--a provision that covered artists, jewelers, dentists, and sign makers among others. The order further permitted any person to own up to 0 in gold coins (,664 if adjusted for inflation as of 2008; a face value equivalent to five troy ounces of Gold valued at 00 as of 2009).

      By the way, GoldLine is a terrible place to buy gold coins. Their prices tend to be 30 - 50% higher than what you would pay at a coin shop or on eBay.

47. 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.

48. QUESTION:
    how do i buy gold and is there a paper gold?
    ive heard there is a paper gold y buy for a litimed time 3 to 6months and y pay thje loss if it goes down or collect if it goes up answer please.

    • ANSWER:
      There are many online platforms for trading gold.
      the service below allows you to trade gold/silver
      as well as foreign currencies in real time. I use
      their platform and have been very happy with it.

49. QUESTION:
    How to buy gold on margin?
    How hard is it to buy gold on margin?

    What is the likely interest rate to service the debit?

    Who offer this this service?

    • ANSWER:
      Don't Buy Gold on Margin!
      As we enter what many are calling the second leg of the gold bull market we can expect very sharp movements up and down in the gold price, such as the recent run up to 0 and then the quick retreat back to 0 support level. This type of movement in the gold price is normal in a gold bull market and was experienced in the bull market of the early 1980's.

50. 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 (