I 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:
   Why buy gold if you have a hard time selling it?
   When you buy expensive golden jewelry, like a ring
   (for instance I had this ring made of complete real 24K 999 pure gold, wich was very soft and bendable)
   When you try to sell it again to get money for it. It is very difficult, if not
   very difficult to get good value for it that equals its worth in money.
   Let alone a value that comes near the buying price.

   So what good is it then to BUY gold?

   • ANSWER:
     You don't buy gold Jewelry for as an investment. Gold Bullion is what you should have purchased.

     Check out APMEX.com. I have bot Gold Bullion from them several times. It's easy and every thing is insured.

3. QUESTION:
   Why is it impossible to buy gold coins at a decent price over the internet?
   I want to buy gold coins at 7% over the spot market. Why is this so hard to do? Are there reasons this is discouraged or something?

   • ANSWER:
     try bulliondirect put a bid on gold bullion

     The big banks sell paper contracts that Promise gold in the future , but there is more paper out there than all the gold that ever existed driving down the paper spot price but the real gold in small investment form is in short supply and the cost of the real thing is a lot higher

     read this article I remember buying silver in 07 waited 3 months to get it .

4. 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.

5. 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!

6. QUESTION:
   What are some legit websites to buy real gold from asia?
   What are some legit websites to buy real gold from asia?
   I would like to buy gold bangles and bracelets with lots of charms.

   Anyone know legit websites?

   • ANSWER:

7. 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.)

8. 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

9. QUESTION:
   Where is a good place to buy gold and silver?
   I'm looking to buy gold coins and silver coins and i'm not sure where a good place to buy them is. I'm looking for websites not actual street addresses. Any tips or advice would be greatly welcomed. Thanks!

   • ANSWER:
     Retail outlets like coin dealers and eBay are going to be the highest price.

     The lowest price will be from wholesalers and volume dealers in bulk that specialize in precious metals, not jewelry and rare coins.

     I've been using Apmex for several years without any problems, and the provide an intraday, updated metals quote continuously on their website.

     www.apmex.com

     www.kitco.com

10. QUESTION:
    Is it safe to buy gold in wow and with what company?
    I've been running low on gold for a while now and I started thinking about buying gold online, but I don't know if it's safe or wich company to buy from. Can u help me?

    • ANSWER:
      I wouldn't recommend it. If you buy gold, you can get banned forever. When I first started WoW, I bought gold because it was so common, I thought it was normal and legal.

      But, over time, Blizzard has really cracked down on gold sellers. You'll just have to farm it, dude! Good luck!

11. QUESTION:
    Where can I buy gold bullion or coins in the Edmonton Area?
    I want to invest in gold right now and don't know of any good areas to buy from. Can you all please tell me where I can buy? Thank you for your time.

    • ANSWER:
      I buy my Krugerrands from a local coin dealer. And I imagine you could do the same up north. I believe your canadian mint, also produces gold & silver coins.

12. 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 .

13. QUESTION:
    Where is the best place online to buy gold?
    I am wanting to start buying gold bullion, and was wondering where people recommended to go. There seem to be a lot of bogus places out there, or places that are way overcharging. I would appreciate any advice. Also, does anyone buy it off eBay at all?

    Thanks!

    • ANSWER:

14. QUESTION:
    Can i buy Gold at ICICI Bank branches using icici bank credit card?
    I heard that the bankers accept the Cheque, DD or cash to buy the gold.

    • ANSWER:
      yes you can buy using ICICI credit card in ICICI bank. But the catch point is they will only sell the coins and they wont buy back if u want to sell to them in the future. Nowadays, lot of shops are also selling certified pure gold coins.So its better u buy from a local shop so that it will be easy for u if u want to sell in the future. Also u will have various design as designs in ICICI coins are limited

15. 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

16. QUESTION:
    Is it safe to buy Gold Coins from the BSP in the Philippines?
    I'm a coin collector and I'm interested in buying commemorative Gold coins. Is it safe to buy Gold Coins from the BSP in the Philippines? I know that there are a lot of scams out there so I'm wondering if the Central Bank there is any different from anywhere else (pawn shop).

    I heard that gold coins are sold there and I would like to know that they are real and not fake. Also do they sell other types of gold coins from US, Australia, Canada, China?

    • ANSWER:
      trust the government because if you don't you get deported. of course the central bank is trustworthy. pawnshops are regulated by the central banks and some of them do get into trouble.

17. 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.

18. QUESTION:
    Does the Central Bank of the Philippines buy Gold and Silver coins?
    Does the Central Bank of the Philippines buy Gold and Silver coins? I am a coin collector and I wanted to know if the Central Bank of the Philippines would buy Gold or Silver bullion coins from USA or Canada? I've heard that they have a gold and silver buying program.

    Can anyone let me know what their policy is regarding buying and selling gold/silver coins?

    • ANSWER:
      ......yes they are and even the small enterprises like pawnshops.....

19. QUESTION:
    Where is the cheapest place to buy actual gold and not an ETF?
    I own gold in an ETF but am looking at replacing it with the real thing. Where can I buy gold with the least amount of mark-up? What is a reasonable percentage to pay up for gold? Any trustworthy online sites?

    • ANSWER:
      ...coin shops... start collecting ....( there will indeed be a mark-up, but if you buy on a good market dip,...it won't take long to wipe that out....and lonnnnng term you will own valuable assets )

20. QUESTION:
    could it possible to travel indonesia and buy gold there and take with ours to india?
    I am Poor person commit to arrange my sister's marriage.for that I need gold.I come to know that gold prices are much lowest in Indonesia and travelling to indonesia also cheaper.

    Could it possible,Can I travel to indonesia and buy gold there, even in dutyfree and take with me to india.

    • ANSWER:
      If you are poor as you say you are you will not be able to afford to buy gold.

21. QUESTION:
    Where can I buy gold coins without paying a huge markup?
    I am looking to buy some gold coins to diversify my portfolio. All the online sites I see are charging at least a 15% markup from the gold price that is posted. Is there any place to get coins for less of a markup? I am looking at this from an investment point of view and not a coin collectors point of view. I really do not care about the coin itself, but would prefer US coins.

    • ANSWER:
      Open a discount brokerage account.
      Buy GLD.
      Voila - gold at no markup.

      Just try to sell a coin - even at ebay.
      You will never get half if what you paid for it.
      Gold coins - easy to buy - hard to sell.
      /

22. QUESTION:
    Can you buy 1-Month Gold Subscription while on xbox live using a credit card?
    My birthday just passed, and I earned a little money. But I don't want to go to a store to buy it, just in case they don't have it. Can we connect to xbox live Silver and buy gold by entering a credit card number?
    Thanks guys! =D I was just making sure, but I couldn't find anything when I searched the internet >:O

    Once again, thanks for the clarification!
    Maybe i'll see you on xbox live later! See ya!

    • ANSWER:
      yes you can

23. 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

24. QUESTION:
    Where can I buy gold at near market prices in New Zealand?
    .Is this a good investment to buy Gold bars or nuggets?

    • ANSWER:
      Try a coin shop. Many sell krugerrands or kangaroos. at a small markup over spot. Some even carry smaller bars. Ask, they may be able to give you good advice.

      Online check out

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

      Even if you don't buy anything, they have lots of information.

      Grandpa

25. 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.

26. QUESTION:
    Should I buy gold because of the 700 billion dollar stimulus package?
    This money has to be printed up and it has to be sending us in to deeper debt and decreasing the value of the dollar. Shouldn't I go buy gold and silver?

    • ANSWER:
      Yep, you're right on the money(so to speak)! I'm entirely in Gold and Silver now. With all the fiat currency that's being printed now, that money in your 401K or bank account is actually losing value once you take inflation into account. I own AGQ, a Double Long Silver ETF(Exchange Traded Fund) and DGP, a Double Long Gold ETF. The ways these work is however much glod or silver is up that day, I earn 2x as much. For instance, if gold is up 5.0%, then I earn 10%! Now, conversly, it works in the opposite direction just the same. However, I extremely bullish on gold and silver now. With this B.S. TARP I & II stealing from our grandchildren, gold and silver are you best bets.
      I like ETFs because I can buy and sell them extremely fast and I can have a quasi-margin with them at the same time. You can also buy "real gold and silver" to hold and store or use a company like GoldMoney that holds your gold and their facilities.
      Look into the symbols, GLD, SLV, and GDX. I hope this helps. Now get out there and get rich.
      P.S. You can also short the DOW, S&P, and other indexs using ETFs and ETNs (Exchange Traded Notes). Look up Peter Schiff on YouTube to see how he predicted the market downfall 3 years ago while all the other talking heads were bullish and saying buy stocks in Washington Mutual. Washington Mutual is GONE!! All those retards on FOX Business News are still there though, giving out the same useless advice. Peter Schiff is the man when it comes to this market and staying ahead of the herd.

27. 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!

28. QUESTION:
    Where can i buy gold and silver? I want to buy coins, maple leafs, krugerranders, i need to save my money?
    I want to buy gold coins. And Silver coins.

    I need to save my money by investing in these raw materials. I need to buy maple leafs, krugerranders or kookaburra coins. Please guide me to the best sellers? I didnt find alot of trustworthy ones on the internet. But I need my gold!

    • ANSWER:
      I've used California Numismatic Investments. Found them to be totally reliable with good prices. Here is the website:
      www.golddealer.com. They also sell silver, platinum, and paladium ( not spelled correctly).

      If you are interested in investing in gold without taking possession, you might also look at these sites:

      www.everbank.com ( They sell a gold CD and a silver CD)

      There is also a gold exchange traded fund you can purchase if you have a stock brokerage account. It is offered by Ishares, and the ticker is GLD. The silver exchange traded fund ticker is SLV. So, there are a lot of ways to invest in the metals, without trading futures contracts!

29. QUESTION:
    Where can I buy gold lip gloss in the UK?
    Does anyone know of any really nice gold lip glosses? I'm not going to buy one online. I don't mind if the suggestion is something a bit more pricey like Dior, clinque, lancome etc...

    Thanks
    I'm going to look for all these suggestions when I go shopping tomorrow and choose a best answer then.

    • ANSWER:
      mac!

      try:
      http://www.maccosmetics.com/product/spp.tmpl?CATEGORY_ID=CAT1342&PRODUCT_ID=4444
      in liberated

      if your on a budget try covergirl wetslicks in pineapple.

30. QUESTION:
    Where can I buy gold coins or gold bullion in the Philippines?
    Where can I buy gold coins or gold bullion in the Philippines?

    Specifically in Makati City or Paranaque?

    • ANSWER:
      There are many frauds in the world, evenly distributed so here in the Philippines there are wolves in sheeps clothing. Do not trust just anybody (strangers from Y!Answers). Better call the Banko Sentral ng Pilipinas (BSP) for accredited sources.

      Bangko Sentral ng Pilipinas:

      A. Mabini St. cor. P. Ocampo St.,
      Malate Manila, Philippines 1004
      Tel. No. : (632) 524.70.11
      Fax No. : (632) 523.62.10
      E-mail: bspmail@bsp.gov.ph

      BSP - Security Plant Complex
      East Ave., Quezon City
      Tel. No. : (632) 929.70.71 to 90
      Fax No. : (632) 926.25.94

31. 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.

32. QUESTION:
    Where is the cheapest place to buy gold?
    Where is the cheapest place to buy gold bullion in the US. I'm looking for a legit source that can give me good shipping rates & offer's bullion close to spot value.

    Anyone know anywhere cheaper to buy it than Apmex? With all the ad's I see for Apmex, I feel like I'm paying a premium if I buy there.

    • ANSWER:
      Try www.kitco.com. They offer the option of owning Gold "on paper" at a lower cost, or having it in your possession - and guarantee to buy it back at current market "buying" prices. You can buy up Several ounces and save on shipping cost by having it all shipped at once.

33. QUESTION:
    Is it possible to buy gold call options somehow?
    I looked at the options chain on GLD, and I saw no options. Why is that? Is it possible to buy gold options at all? Where should I look?

    • ANSWER:
      No. Not every company sells options.

34. QUESTION:
    Where can i trust to buy good quality gold coins?
    Im interested in buy gold coins. Is there anywhere that i can buy gold coins. Im just starting the coin collection. I was just wondering if they is a trustable place where i can buy good gold coins

    • ANSWER:
      littleton coin is who i trust

35. QUESTION:
    Is it possible to buy gold for the World of Warcraft game using real money?
    Hi guys, just started playing World of Warcraft. But my problem is that I don't have enough time to spend on the game. Is there a way for me to buy items and gold for my WoW character? A website maybe?

    • ANSWER:
      Purchasing/selling ingame gold or items for real world money is a violation of Blizzards TOS. You've agreed to this the very first time you logged in and the first time you login after every patch. Your account will indeed be banned.

      They have routines setup to flag certain activities that occur in the game and investigate them. In this case they will check where the gold came from and follow the trail. When it comes from known characters that facilitate this kind of transaction, the accounts involved are banned.

      And as an extra added bonus, the sites that advertise this kind of thing are generally loaded with keyloggers. Just visiting one the sites could cause you to lose your account to hackers.

      If you value your account, I would refrain from this activity. You might also read this statement from Blizzard:

      http://www.worldofwarcraft.com/info/basics/antigold.html

36. QUESTION:
    why do countries buy gold when the value of the dollar goes down?
    i was reading some of todays business news. and it says that more and more countries are buying gold.
    here is a small paragraph of the actual article:
    "With bank shares across the world plunging and the US dollar still unstable, central banks have no better option but to diversify their reserves into gold, considered the only alternative to the US dollar and euro."

    Why buy gold in particular whenever the value of the dollar and/or the euro go down?
    and why gold? is there anything else besides gold?

    • ANSWER:
      During times of inflation or instability, gold holds value like nothing else. If the United States collapses tomorrow, dollars would be worthless, but gold will still be trade-able for Euros or whatever currency is in use.

      Grandpa

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

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

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

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

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

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

38. 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.

39. QUESTION:
    What is the Best way to Buy and sell Gold fast?
    I just want to know if you can buy gold when it is cheep and then sell it when it is more expensive and make a small profit?

    • ANSWER:
      Yeah, it is always good to buy Gold when the prices are down and sell it when the price go too high. You can do same at your Local Jewelry Shop, you can also find this at Ebay, but the best way to do it is, Buy Gold when the pricing is low, and sell it to direct websites which buy Gold. I did same but not for profit but to get rid of my debts in this time of recession. I had attached the link to my personal blog in the source box. Checkout my experience.

40. 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

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

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

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

    Thanks.

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

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

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

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

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

42. 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?"

43. QUESTION:
    Where can i buy cheap and safe World of Warcraft gold?
    MY account has been hacked and i only have on character left with nothing on him. i need to buy gold to buy items and armour for it. For the European server.

    • ANSWER:
      buying gold is against the WoW terms and conditions, hence there is no safe buying, you will potentially lose the entire account, not just your stuff. if your account has been hacked you should contact blizzard support, either in-game or via e-mail, and they should be able to sort out getting what you lost back. If not, you have learned a valuable lesson about password security and avoiding phishing scams.

44. 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.

45. QUESTION:
    Why do all millionaires buy stocks and no gold?
    Hi! I work as a neurosurgeon and I have 32 years old.I have a good salary and I want to invest in something so I can let my children some worth.Why do all millionaires buy stocks and they don't buy gold?I don't want to let my children dollars because the dollar is losing value and I was wondering if I can let them some stocks which don't lose value ,but I think that gold is even a better solution.What should I do?

    • ANSWER:
      Gold is called an "inflation hedge"... meaning that it generally keeps pace with the overall cost of living.

      COMPARED to the DOLLAR.... it does go UP in value...... but that is VERY DECEPTIVE.

      Even as it KEEPS UP with the cost of living, it is NOT CURRENCY. Like any other commodity, you buy gold at a lower price and sell it at a higher price. The GAIN you have to pay taxes on!!!

      Your investment that was SUPPOSED to keep up with the cost of living is now BELOW the cost of living because of capital gains taxes.

      NOTHING has out-performed the US Stock Market over any 10 year time horizon.... so that is where EVERYONE needs to be investing.

46. 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

47. 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!

48. QUESTION:
    What major jewelry stores buy gold/diamond jewelry like Zales or Kay?
    I'm trying to sell my gold and diamond ring to use the money for dental expenses. Are there any major stores that will buy jewelry from people? I don't want to sell to a pawn shop or consignment store because it feels shady.

    • ANSWER:
      You would be better off and would see a higher price by using a national buyer like the Silver and Gold Exchange. They publish the prices they pay on a live chart on their website ( http://SilverAndGoldExchange.com ) They are also Better Business Bureau Accredited and pay for shipping and insurance.

49. QUESTION:
    Do Barclays Stockbrokers provide any service allowing me to buy Gold?
    I know they offer a heap of different services, CFD's, International markets etc

    If I wanted to buy gold, is it something I can do through Barclays, or would I need to use an external site? Any recommendations welcome...

    Spammers: dont waste your time pasting your nonsense site, I wouldn't be buying from you anyway.

    • ANSWER:
      Some regions have regulations preventing stock brokers from selling commodities. Not sure about Barclays but I wouldn't be surprised if they were not allowed to sell bullion.

      As for where to buy it, it depends on how much gold you plan on buying and what you are going to do with it. If you are planning on buying bullion and holding it long term then just go visit a local gold dealer, take delivery, and put it in a safe deposit box. If you are planning on actively trading it then buy it somewhere that can store it for you. If you are more aggressive and wish to leverage it you will need a full service broker.

      Rule of thumb:
      Local Dealer: Pros = easy access, generally low cost. Cons = possible insufficient quantity, you need to store it
      Online Dealer: Pros = low fees. Cons = high minimum quantities, no guidance, may not deliver
      Full Service Broker: Pros = advice, most options. Cons = high fees may offset gains

      In order to make a specific recommendation more information is needed. But for most people driving to the local bullion & coin dealer is the best option.

50. 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.