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Investing In Gold

Right now you're probably thinking that gold bullion investing is something best left to the pros. Yes, the majority of traders making noise are professional investors. But there are some easy ways to get into the bullion market, and gold could be a good investment for you.

Of all things to invest in, gold is probably one of the most liquid investments. And much unlike many of the other commodities, it is literally traded 24 hours a day everywhere in the world. This means you can buy and sell gold in about any country.

Mom always said to not put all your eggs in one basket, and this is why gold should form the foundation in your overall investment portfolio. If you have only paper in your portfolio, know that gold tends to move in the opposite direction of paper investments.

It really stands out as a diversifier. With your stocks, bonds and cash, gold can help offset fluctuations in the market. There are a lot of financial advisers that recommend having 5 to 10 percent of gold in their portfolio.

A real good way to get into the gold bullion market is by investing in the American Eagle. This coin is the only bullion coin whose weight, content, and purity are backed by the United States government. Think of the confidence you can have buying them.

American Eagle gold coins require no assaying and they can be converted to cash at any moment. Simple to keep track of, American Eagles are tied to the spot gold price, plus a small premium to cover mintage and distribution.

Many have used American Eagle gold bullion coin in their Individual Retirement Accounts or other tax-advantaged plans. It just makes good sense to at least consider looking into the American Eagle. If you thought that investing in gold was too hard or too tricky, read our reports to see why now is the very best time to invest.

Frequently Asked Questions

  1. QUESTION:
    How much does investing gold actually cost?
    I was browsing around for a friend of mine..
    he needed to know about the worlds no.1 supposely to be bank, the swiss bank..
    then i came across the gold investment thingy they had and kinda got stuck there for awhile..

    my question is..
    how much does gold actually cost?..
    ppl say invest in real gold, its profitable.. is dat true?.. why?.. how?..
    if i do buy them from swissbank, how much does it cost + rental on he safe deposit box?..

    sorry,, kinda really naive in this field..
    wud appreciate it if anyone cud help..

    • ANSWER:
      Don't know what country you are in, so rules on owning gold and taxes might be different from what I am used to.

      But.....

      Gold is the universal method of holding and storing wealth.
      All currencies are just peices of paper or electronic bits, that depend on peoples willingness to hold them, to keep their value..in themselves, there are as valuable as scrap paper.

      Gold is accepted everywhere and there is no dispute on it's desirability.

      Gold is going up in "price" because Governments are devaluating their currency for trade and deficit reasons. so Gold is moving up compared to currencies.

      Gold costs whatever two people agree to buy/sell/ compared to the currency traded. On Friday Apr 27 Gold closed at 8.90 USD per ounce,

      Gold is used as an insurance policy to insure against catostrophic collapse in financial markets, but It is not necessarily good to "invest in"

      You buy 99.99% gold bullion or 99.99% gold coins for insurance against financial upheaval.

      You invest in Shares of Gold producing companines,if you think gold is going up in price as the shares of these companies will increase at a higher rate that the actual increase in gold..

      The best way to invest in the Increase in Gold prices is to buy a Gold mutual fund. These funds invest in many different gold companies and this gives diversification in this sector.

      So If you beleive in Gold, Buy gold company shares or a Precious metals mutual fund.

      DO NOT INVEST THROUGH INTERNET OFFERINGS.

  2. QUESTION:
    I am considering investing in gold, any suggestions?
    Does anybody know any good investment web sites i can invest gold on.

    • ANSWER:
      The easiest way to buy and sell gold is to open a brokerage account and buy the gold exchange traded fund: GLD. Doing it this way, you don't have to pay 15% or whatever it is that the first guy suggested when you buy actual physical gold, you just pay the brokerage fee just like if you bought a stock. Here's some more info:

      http://finance.yahoo.com/q?s=gld

  3. QUESTION:
    Questions about gold investing. How do I invest in gold? What are the tax and legal implications?
    I recently received an email for a gold investing website. They offer 25% of each commission when someone you refer signs up for an account and give you a free gram of gold for registering. Basically, you post the URL on your site. For example, mine is http://bullionvault.com/from/webpence . They allow you to buy and sell gold in either dollars, pounds, or euros, and you can store your gold in one of their vaults in either London, New York, or Zurich.

    My question is: What if any are the tax and legal implications of buying and selling gold through a site such as this? I also saw a similar arrangement at goldmoney.com and am wondering which site is better. I am hoping someone else out there has any information that might help.

    Other questions: If you buy and sell gold in the UK or Switzerland, do you have to pay capital gains either in the US or the other country? If you could store gold in either the UK or Switzerland, which is better?

    Thanks.

    • ANSWER:
      Well the best way is to trade Commodities. I have an account with www.aarontrade.com and my broker has done well exposing my account to gold and silver. He always gives me a square deal. Below is the Link. Love your profile.That bullion site seems shaddy

  4. QUESTION:
    Is investing in gold or silver a wise investment in this age of uncertainty?
    Hi all, Any good advice on gold investment vs other investment ? How about investing in Gold certificate, gold savings account or buy gold bullion coins. What the difference & Which is a better choice ? Is investing in silver a good choice now as the price is very low compare with gold. I will never trust in Unit trusts as 100% of my investment has gone the drain, so now trying to DIY. Hope to hear from any guru :) Write from the city of Singapore.

    • ANSWER:
      Plenty of uncertainty around. I live in the USA, and despair at the clearly inflationary policies. As such, I think that gold and silver will hold value during times of inflation far better than cash, stocks, or bonds.

      The problem with certificates and savings accounts is that if things really go wrong, you are holding a piece of paper. There are downsides to owning physical gold, too, but I feel those are more addressable.

      I don't know your circumstances, so I am reluctant to tell you to invest everything in gold and silver. However, if you don't need to get at the money for a year or two, I would recommend exactly that. I feel that both will appreciate nicely.

      Hunt up a coin shop near you. If you find one that will sell you bullion coins at a small premium over spot, cultivate a relationship with those folks.

      Grandpa

  5. QUESTION:
    What are the benefits of investing in gold?
    Anyone investing in gold that can tell me the pros and cons?

    • ANSWER:
      gold is a standard so that is a pro but it is an investment like anything else, it can go up and down, gold will never go out of business and when the dollar gets weaker the gold goes up. but just because the dollar is down doesn't mean the price of gold is not over inflated.

      like any investment you need to be comfortable with what you are buying.

      getting the hot stock is not necessarily the best thing to invest in, looking at undervalued stocks can make you a healthy profit, especially if you are investing over the long term which is the smartest way to do it

  6. QUESTION:
    What kind of market am I investing in if I invest in Gold Savings?
    What kind of market would I be investing in if I keep part of my wealth in gold. Is it the commodity market? But in commodity markets, people buy and sell Contracts. Therefore, I don't think keeping part of my savings in gold is similar to investing in commodity market. Any ideas?

    • ANSWER:
      To learn about gold investing, try this site

      http://free-gold-investing-info.blogspot.com/

      To get free tips from Wall Street Professionals and receive reports, charts and strategies on investing in gold.

  7. QUESTION:
    What are the risks of investing in gold and silver?
    For those in the US fearing high levels of inflation, many are turning to commodities, especially gold and silver. Silver has been making some great gains overall in the past few years. I'm just wondering what the risks are of investing in precious metals, specifically gold and silver. Or are these considered one of the more riskless investment options?

    • ANSWER:
      Firstly investment in commodities have the risk / return profile compared to any other open market investment such as bonds / equities etc.

      The value of a bond can also severely depreciate depending on credit rating risk , default risk , reinvestment risk , maturity risk etc

      Focusing on your question the two metals gold and silver have very different investment characteristics. Gold is know to act like an "hedge" to inflation and a safe heaven during times of economic stress and hence has appreciated in value over the last two years.

      Silver on the other hand has a lot of industrial uses and the performance of silver is highly correlated to economic activity of the globe. If there is a down turn in the global economy silver as an investment will bare the brunt and correct sharply and like wise if the economy is growing it will appreciate sharply. There is a lot of speculative interest in sliver when compared to gold and hence it is considered a more risky asset.

      If you ask me , please do not invest into a commodity with an aim to benefit out of its appreciation in value. There are multiple factors such as interest rate , demand, geo -political issues , government policy etc that a average investor will not be able to quantify and more often then lot loose out on.

  8. QUESTION:
    How can I get started investing in physical gold and silver?
    I'm 15 and would like to start investing in gold and silver because the dollar seems to keep going down and down and I think it would be wise to get started now. I have a couple of silver dollars from 1803 but I would like to get gold and silver bullion coins and when I have enough money start buying the bars. I do not wish to buy online so would going to different coin shops be ok??
    Thank You=]

    • ANSWER:
      Buying from coin dealers, is a good way to go. That's where I buy my Krugerrands. Tho I buy my Morgan silver dollars from ebay. It's hard to make much money buying the physical metals. Each coin dealer has to mark these up to make any money. And then when you sell them back, they buy at a discount.

      Gold & silver is not a very good investment, since they pay no dividends, or interest. What your doing here is speculating, that the precious metals will continue to go up. Personally I think the metals are in a bubble here.

      I've made much more money on my mutual funds, than I've ever made on my Kruggerands, and Morgan's.

  9. QUESTION:
    What can you tell me about UTMA and investing in gold, silver, aluminum, and oil?
    I understand the UTMA regulations prohibit minors from directly owning equities. Do these same restrictions apply to gold, silver, oil, aluminum, steel, etc.? If not, what would you suggest to invest in, and is this strategy better than investing in such other means as mutual funds, bonds, or money market accounts? Thanks!

    • ANSWER:
      I'm not sure I understand your statement "UTMA regulations prohibit minors from directly owning equities". A UTMA account CAN own stocks. I suppose that technically the minor doesn't own the stock since it's the account's "trustee" (normally a parent or guardian) that has legal responsibility for the account, but the account is for the benefit of the minor and can legally only be used for things that benefit the minor (e.g. college tuition, summer camp, etc.) so for all practical purposes it's the same thing.

      I don't know of any rules that prohibit ownership of things like gold and silver, though I suppose it's possible. I've never read the UTMA rules word for word and have never invested in commodities in my kids' UTMA accounts.

      I personally would question the wisdom of buying into things like that now anyway. Nearly all commodities have risen dramatically in price over the last year or two. While a certain amount of that is basic supply/demand, I think a lot of it is speculation (i.e. people looking to make a quick buck buying into the latest fad investment). We've seen what happened with tech stocks about 7 years ago and real estate over the past couple years. I think there's a good chance that the same thing (a price collapse) could happen in the commodities that have run so far up in price. As soon as there's a period of declines, I suspect that many of the speculators will bail out driving prices down even more. I personally think commodities are a high risk investment at this point.

      As for what the best thing to invest in, that will vary depending on how soon the money is needed, risk tolerance, etc. Over long periods of time, however, stocks have historically provided the highest returns of any asset class, so that's my preferred investment for long-term gains.

  10. QUESTION:
    Need more information on Chinese Gold Investing?
    I have been a non-professional investor for almost two decades and have been hearing good things about China Mineral Company recently. I am interested in investing in gold, and am especially interested in China Mineral Company because of the location and the success of their first fiscal year. In addition, I was told that they have a unique partnership with the Chinese Government involving "exclusive mineral rights." Does anyone know anything about this? Do you know when China Mineral will open up shares to non-Chinese citizens?

    • ANSWER:
      I recommend looking at this BBC Newsnight video:
      http://www.bbc.co.uk/blogs/newsnight/paulmason/2009/11/rare_earth_the_new_great_game.html

  11. QUESTION:
    How do I start investing in Gold?
    Hello I live in U.S.A Georgia, and I would like to start investing in Gold... Is there a way I can?

    • ANSWER:
      I wouldn't buy gold directly. Try using an ETF. Much easier way to invest in gold. Trades like a stock.

      "GLD" is the popular favorite.

  12. QUESTION:
    Can anyone explain the process for investing in gold?
    I tried to have my 401k rolled over to investing only in gold. They said that it could not be done since gold/silver is a commodity. Can anyone tell me the best way to get OUT of the market and get INTO gold? I am convinced our dollar will collapse catastrophically and only those with gold stand a chance at even surviving without being a ward of the state and enslaved. Your help is appreciated.

    • ANSWER:
      You want a gold backed IRA. There are a few out there, most of them in Texas.

      Be careful though. If you are going to have gold held for you. I would recommend you work with a broker that allows you to store the gold with a 3rd party.

      Some will try to sell you a plan and store your gold but I would stay away from them. It becomes too easy for them to get reckless with your assets. Stick to a 3rd party.

      Lastly, stay away from Exchange Traded Funds (ETFs) or any other paper note that only claims you own gold. If you don't have possession of it, you don't own it. It can all disappear in a flurry of paperwork.

      I am currently picking gold and silver stocks. If there is a large and continued increase in the demand, the value of the stock should rise proportionately.

  13. QUESTION:
    What are the advantages and disadvantages to investing in gold?
    Is it safe to invest in Gold in today's stock market? I've never invested before and I'm just curious about Gold, it seems safe but I'd like to learn more.

    • ANSWER:
      It depends how you define "safe"; gold is a "hedge", not an investment, so if history is anything to go by, if you buy an ounce of gold today it will cost about the same as a fine quality Mens' suit. Fifty years from now, your ounce of gold will STILL be worth the amount of money required to buy the same suit.

      If you purchased quality common stocks with your thousand dollars instead, some years you'd lose a little, some you'd gain a little or a lot, but over the next fifty years you would AVERAGE a return of between 7% & 12%, so you'd end up with stocks worth somewhere between ,457 and 9,002.

      It is doubtful a Mens' suit will cost ,000 a mere 50 years from now, given that they cost about twenty times today what they did in 1950.

      "Safe" does not make sense for investments...

  14. QUESTION:
    What do you think about investing in gold?
    What do you think about investing in gold?

    • ANSWER:
      Right now according to me its not a good time to invest in gold price is too high it will soon come down

  15. QUESTION:
    what can i gain from investing in gold?
    im fourteen and i need money for a car and alien ware gaming laptop computer. i want to know everything about gold investing and the profits you can make.

    • ANSWER:
      Gold is an asset that people invest in as a store of value not necessarily to generate profits. Unlike other assets, gold does not pay dividends or coupons so it generates no income. The only way you can make a profit from holding gold is if you can later sell it to someone else at a higher price. Investors tend to like to own gold if they are afraid of significant weakness in their currency, stagflation, or increased geopolitical risk.

  16. QUESTION:
    What are the advantages of investing in Gold through Gold BeES?
    I was planning to invest in Gold BeES since my friend told me to. Can anyone tell me what are the advantages which i can avail from Gold BeES which no other gold etf will give me?

    • ANSWER:
      Well there are quite a few advantages like it is Potentially cheaper to have price exposure to gold price as compared to other available avenues.
      also it is Quick and convenient dealing through demat account. There are No storage and security issues.

      Gold BeES is Listed and traded on NSE just like any other stock and is Ideal for retail investors, as one single unit can be purchased from the secondary market.

      These are some of the major advantages of investing in Gold Bees. I too have invested and its great!

  17. QUESTION:
    How does investing in gold work and is it worth it?
    I want to start making my money work for me. Is gold the best option?

    • ANSWER:
      There are several ways to invest in gold.

      Buy gold coins. Disadvantages: have to store them, have to pay mark up to buy and mark down to sell. Subject to theft.

      Buy GLD. ETF that tracks the price of gold. Disadvantages: Has annual expenses.

      Buy gold mine stocks. Disadvantages: subject to management mismanagement. Try this site

      http://free-gold-investing-info.blogspot.com/

      To get free tips from Wall Street Professionals and receive reports, charts and strategies on investing in gold.

  18. QUESTION:
    What are the most important rules/advices for investing in gold?
    I have a girl who's almost a year old. During the next years I would buy her gold from time to time. But I want to know what would be the best way? Whent to buy? Sell? And how to manage gold investment?

    • ANSWER:
      Well unfortunately you have two bots or something like that answering your questions, plus one stupid answer so far, so I shall try to be helpful..
      Gold, less so than silver [IMHO], and PGM [platinum group metals], and perhaps copper, offer potential for gain. Energy also has great potential. If you live in Canada, start an RESP for your child. If in the USA, start a Roth IRA.
      Actual commodities are available thru ETF's. I DO NOT ADVISE buying only ONE.
      Learning Where and WHEN to sell, is the key.
      Gold is best bought when everyone is feeling good and ok.
      Sell it when everyone is scared. Be greedy when everyone is scared, and scared when everyone is greedy.
      From a rule driven point of view, you need both diversity and balance. If one Roth IRA [you can have as many as you want, limited by total contributions however] is to be resource driven, probably buy ETFs in the energy field right after crude, natural gas or gasoline prices have dropped, lacking any better indicator. Buy gold or metal before elections when the Govts are trying to make people feel good. Sell them [at least in part] in times of International crises.
      In your "resource driven" Roth IRA, include miners and or ETF's including, energy, silver, copper, and say, potash fertilzers [ethanol & bio-diesel plays].
      If you engage a Roth IRA in a conventional type portfolio, include a health/food stock, a utility, an energy trust, a natural resouce company [minerals], and an insurance or financial stock.
      Before you make the final selection of stocks, run them thru some filters based on KEY STATISTIC ratios found in Yahoo Finance.
      If you wish more info, please check my previous answers and they will outline some other ideas.

      Good Luck taking care of your daughter.
      You can mail me thru answers if you need more help.

  19. QUESTION:
    how to start investing in Gold?
    I truly am convinced that the value of Gold will keep rising. I don't have any experience in investing, but I've been watching and learning a lot of about stocks, money, the economy and how Gold keeps rising and I think a would be fun and worth while to put some money towards the rising Gold value as the dollar eventually slips into a free fall due to massive inflation. Would I see a good profit by throwing say a 00 into Gold and letting it sit for next several years?

    • ANSWER:
      Gold can be bought in various forms and the decision should be based on the reason you need gold. If you see this purely as an investment, you can either buy it in the form of physical gold — bars, biscuits and or coins or even in a dematerialized form. You can invest in gold by buying Gold Exchange Traded Funds (ETFs).

      http:///www.demat9.in/
      http://www.stockexchange9.in/opendemataccount.html
      http://www.demataccountopening.in/

  20. QUESTION:
    Is investing in gold a good idea?
    I have a lot of money invested in mutual funds and am concerned with the recent drop in the stock market as well as the recent concerns with subprime lenders....do you think that investing in gold is a good hedging strategy? Do you think that the price of gold would rise if some of these lenders tank?

    • ANSWER:
      When you say "invest in gold" you have to separate your ideas into "investment" and "Survival"

      Gold as a metal is for Survival...If a catastrophic event hits the capital makets, or if WW 3 happens etc, you will need actual gold for some things (like jews fleeing the Nazis in WW 2) .

      Gold in the form of ETFs or "GoldMoney" or certificates , or even gold coins or bullion in your safety deposit box, is not a good "Investment". Shares in gold producing companies, or shares in a precious metals mutual fund is a good "Investment" if gold goes up. This is because shares in gold companies have leverage to the price of gold.

      Try this site

      http://free-gold-investing-info.blogspot.com/

      To get free tips from Wall Street Professionals and receive reports, charts and strategies on investing in gold.

  21. QUESTION:
    What's the best way to begin investing in gold?
    If you are an experienced gold investor, I would like your opinion on how new gold investors should get started. Also, is this a good time to invest in gold, and what do you think the prospects are over the next year?

    • ANSWER:
      Gold coins are the way to go. Latest prices you can sell at are published at http://www.hattongardenmetals.com. They also sell coins at a little over spot price.

      A word of warning. Watch out for fake sovereigns. There are a lot of these about at the moment with 9ct coins being passed for 22ct. The way to spot them is the difference in colour and they only way 7grams instead of 8. Deatils in a news story in source link

  22. QUESTION:
    What's the best way to begin investing in gold?
    If you are an experienced gold investor, I would like your opinion on how new gold investors should get started. Also, is this a good time to invest in gold, and what do you think the prospects are over the next year?

    • ANSWER:
      Gold coins are the way to go. Try this site

      http://free-gold-investing-info.blogspot.com/

      To get free tips from Wall Street Professionals and receive reports, charts and strategies on investing in gold.

  23. QUESTION:
    How do I go about investing in gold?
    Do I buy shares in a mining company? Or do I buy physical gold?

    • ANSWER:
      There are 4 options:

      1. physical gold
      2. Mining company shares (or bonds!)
      3. precious metals ETFs
      4. e-gold
      Visit this site

      http://free-gold-investing-info.blogspot.com/

      To get free tips from Wall Street Professionals and receive reports, charts and strategies on investing in gold.

  24. QUESTION:
    Would like to start investing in gold?
    I would like to buy gold coins or bullion to hold onto till the prices hopefully go up more. My questions are, wheres the best place to buy, i'd like to keep the gold in my own posession? Also, when or if prices go up and i decide to sell.... will i be able to get the price by ounce it is at the time? And how do i go about selling it?

    • ANSWER:
      Buy coins at a coin shop, and sell back the same place or elsewhere. You get the rate at the time you transact, and they charge a bit for their services, and to cover some float (5 - 10%, idk) if that is how you want to go. American Eagles(?), Chinese pandas, South African Krugerrands, all 99.99 % gold. And yes, you take physical possession.

  25. QUESTION:
    What is the type of investing that you invest in gold and silver?
    I learned it in my econ class and I just forgot the term they gave for that type of investing

    • ANSWER:
      bullion? precious metals? hedging?

  26. QUESTION:
    Is investing in gold and silver a good idea?
    Gold and silver has skyrocketed this year but is it just a bubble?

    • ANSWER:
      As part of a well diversified portfolio..... perhaps a max of 3% (of your portfolio) between the two metals.
      I think it's a bubble........ so I currently own no metals.

      BTW: If you must but... only buy the respective ETF's (SLV & GLD)

  27. QUESTION:
    What do you think of investing in gold and silver now at these very high prices?
    And .. what do you think is a better investment.. gold or silver?
    Tks

    • ANSWER:
      They may be the highest prices they've ever been, but I have to go with Peter Schiff on this, and recommend buying it while it's still this cheap!

      Personally, I favor silver, preferably in smaller denominations. Mainly because it's more liquid and can be used for purchases like food or other needs in a "shit hit the fan" type of world like we're headed towards. Gold is actually too dense of a store of value anymore unless you're trying to buy something like a car or boat with it.

  28. QUESTION:
    Is investing in gold a smart decision right now?
    And if so, is better to buy gold coins or gold bars? And which is more valuable 24k or 10k?

    • ANSWER:
      It really depends on what your portfolio looks like and how long until you retire. Diversification is important as is an asset allocation based upon your age and future expectations. Gold is a long term investment which will not provide a substantial return for several years. Actually I would say decades. Remember the saying.....buy low sell high. Well, right now it is really high.

      If you do decide to invest in gold you may consider gold shares in a mining company or Gold SPDR shares. Physical gold does not pay dividends while your shares would. Also keep in mind the gold market is extremely volatile. It's not for the weak stomached investor.

      Without knowing your age, current investments, and value of your portfolio it's really hard to say yes or no if this is a good idea. If you are young with a portfolio less than 0,000 I would consider ETF's and skip your thoughts of gold. ETF's are diversified and can provide a substantial rate of return. You will have ups and downs but if you pick the right one, it can payoff. In case you already haven't, I would suggest contacting a investment agency for additional details.

  29. QUESTION:
    How do you go about buying / Investing in Gold?
    With the current world situation, I don't want to buy stocks or Real Estate. How do I buy gold?

    • ANSWER:
      Buying the physical product is not "safer".... it is (however) very expensive. Most experienced traders simply buy the ETF through their stock broker. No shipping fees, no storage costs & you can buy hundreds of thousands of dollars worth for less than in commissions.

      The ETF for gold is: GLD

  30. QUESTION:
    Can someone explain to me how investing in gold works and why its a good idea and why its bad?
    i dont like cash sitting around in my bank when it has little value in reality and i was thinking about investing in gold or silver. Can anyone tell me how it works and whats the difference between actually buying gold and buying the certificated for them and if how much money you pay for it and how much money you pay to sell it back to someone? or if someone can recommend a book that would be nice as well

    • ANSWER:
      I work for a mining operation in Alaska that specializes in gold and platinum. Investing in mining operations is the best way to maximize investments because you make money daily for years. In our case you would have the opportunity to make ,000+ per day, ,000 per month. Each day you can purchase a ounce of gold at 10% under the spot price of gold from us then you can turn around and sell it for spot price, and that is on top of your stock investment. If you have any other questions about investing in gold let me know!

      mel.blacksand@gmail.com

  31. QUESTION:
    is investing in gold bullions profitable ?
    What are gold bullions and is investing in gold bullions profitable ? Where can we find out information on investing in gold bullions ? Also, has anyone bought any gold bullions and if you do, please inform us of how profitable you think your investment is.

    • ANSWER:
      You can invest in gold by going through the stock market. Look at GLD. You don't have to insure your actual gold, you don't need as much money to get in, and you can make just as much. If you want to own gold, buy jewelry or gold coins. Good luck

  32. QUESTION:
    Is there any chance that you will lose money in the long run investing in gold?
    I heard that gold was a "sure thing" because it will be the only currency that can not crash, is this true, should I invest most of money in gold?

    • ANSWER:
      Definitely a good chance you could lose.....the current extremely high price makes purchase at this time " shaky".......world economies are showing signs of recovery....which could easily drop gold prices by hundreds of dollars... I doubt that it will ever return to under 1000, but buying at 1500 is dangerous.

  33. QUESTION:
    How would one go about investing in Gold?
    Do you buy stock??? What are the pro's and con's of owning gold?
    How would you go about buying it???

    • ANSWER:
      Two possible ways. Buy GLD, a gold index fund where 1 share is equivalent to 1/10 oz of gold. Or buy ABX the largest gold mining company. The advantage of ABX is leverage if the price increases dramatically. Visit this site

      http://free-gold-investing-info.blogspot.com/

      To get free tips from Wall Street Professionals and receive reports, charts and strategies on investing in gold.

  34. QUESTION:
    How do I go about investing in gold mutual funds?
    I have considered doing this many times but have yet to make up my mind.

    • ANSWER:
      Start with research.. Visit this site

      http://free-gold-investing-info.blogspot.com/

      To get free tips from Wall Street Professionals and receive reports, charts and strategies on investing in gold.

  35. QUESTION:
    question on investing in gold bulion?
    I have recently become intestered in investing in gold and after looking into various websites the whole process seems rather intimidating. I have found various websites offering to sell gold coins or bars and a few of them say they will buy back the gold they sell you but im not quite sure how the process would work and where else you would sell the gold you bought.

    any answers or tips on where to find reliable information will be greatly appreciated.thank you.

    • ANSWER:
      The question pertains to gold bullion, not paper.

      I've been trading gold and silver through Apmex.com for years without any problem. They will sell you metal at the current futures price (quoted on their website real time) plus a small markup. They will buy your metal at the current futures price, minus a small markdown. There is always a spread between the bid/ask, and with Apmex, you know exactly what it is and can determine easily if it is fair compared to others.

      www.apmex.com

      If you want to buy or sell, you can do so anywhere online, or at your local coin vendor or jewelry store:

      www.kitco.com
      http://nickelalloy.com/
      http://www.tulving.com/goldbull.html#silver

      Metals Info Network
      http://www.amm.com/

  36. QUESTION:
    Investing In Gold: How Practical Is It?
    I'm considering long term investment in gold. I heard that during tough economic times private residents and even corporations invest in precious metals. Lately I have seen television advertisements about a gold Indian head, the company producing the coin says that the gold is 24 karot. Although the company is not backed by the US Mint, I would like to purchase some Indian head coins. Would this be a good investment? Is gold really a good long term investment?

    • ANSWER:
      If it is 24k then its 24k. Some coins have their own value as well as the gold content. Like an old gold sovereign. But this premium above its gold value should stay constant or even increase, but that is difficult to determine. So it is best just to buy a coin with just its gold value.Just do not pay over the odds for the gold content. You need the weight of the coin and its purity to value it. Don't buy a coin that may have a collectors premium now but which might disappear (like the Indian head.One of the best ways to buy goild as a coin is the Kruger rand.

  37. QUESTION:
    Are you investing in gold or precious metals right now?
    Do you think that if we head towards a depression, people will be doing more of this kind of purchase? Or better question, should people be doing this now?

    • ANSWER:
      I personally think gold is a bad investment. The only reason people buy it, is because it used to back all money. It doesn't anymore. Gold has offered some of the poorest returns. Right now is a bad time to buy anyway because everyone is overbuying and pushing the price up. How much more can it increase? You want to buy when people are selling and sell when people are buying.

      If people are selling htey are drving up down the price so you can get a better deal.

      If they are buying you want to sell because they are driving up the price.

      The best investments in any bear market have been individual stocks. You can't feed a family with gold pieces. Your local market will probably not take it as currency. Stocks offer dividends in cash payments and growth.

  38. QUESTION:
    bullionvault.com & goldmoney.com can you trust these companies in investing GOLD?
    I want to know if someone here invested with them and if they can be trusted :)

    Thanks!
    P.S Investing in stock sucks... you do not own gold you own paper. This companies you own 100% gold. and they keep the gold in their vaults this is not a investment bullion that you buy on ebay in really shitty price I need something for good money like k. The question is are they for real and can you really trust them?

    • ANSWER:

  39. QUESTION:
    How do I get started in Gold investing? Is it a smart move?

    • ANSWER:
      It is easy to get started in gold investing and it can be a smart move--maybe. First, the ishares gold exchange traded fund trading symbol is IAU (Silver is SLV). So you can buy gold (or silver) just like a stock--and sell it short, just like a stock. In this way you get to play both directions as you choose (short sales, remember, generally have to be issued on the price uptick, so if it is trending down then when it bumps up sell short then). Visit this site

      http://free-gold-investing-info.blogspot.com/

      To get free tips from Wall Street Professionals and receive reports, charts and strategies on investing in gold.

  40. QUESTION:
    What would be the difference between investing in gold and investing in platinum?
    Obviously the price, but - for example - is one of them a more volatile investment... etc.
    Just to confirm, for any 'smart' people who wish to try to correct me;

    a hedge is an investment.

    http://www.investopedia.com/terms/h/hedge.asp

    thanks

    • ANSWER:
      One is yellow, and the other is silvery-looking.

      Neither is an "investment", they are both hedges.

  41. QUESTION:
    Why is investing in gold becoming so popular right now?
    Is it the instability of 'the strong' currencies, or just dollar?
    All the currencies cant lose value, can they?
    well, what's the logical chain of the 'it's because of oil' answer?
    so you mean that investing in gold is useful only for americans as the change in euro/gold wont be so big?

    • ANSWER:
      Silver is very similar, as well as most precious metals. It's not that they are going up in value, and it's not because of oil. It's the value of the dollar falling. If we were on a gold standard we wouldn't have this issue. But due to inflation and the Fed printing billions of worthless dollars, the value of the dollar in your pocket is decreasing, which pushes gold and other precious metals up. It's the purchasing power of the dollar. The Fed has had this tricky way of stealing money from Americans, it's their printing and minting presses. Each time they pump more worthless money into the economy, they steal from you. Your purchasing power goes down.

  42. QUESTION:
    Any advice on investing in gold companies?
    Their share prices seem volatile, Barrick Gold wasn't much of a payoff for me recently.. I'd appreciate some professional advice. Thanks a lot

    • ANSWER:
      Only keep about 10% max of your investments in gold , (or silver. You can buy the etf GLD which is like owning gold,or a company like SLW which is a silver mining company. Silver should continue to outperform gold as it has in the last several years. GDX combines gold and copper. Don't put all your eggs in one basket.

  43. QUESTION:
    How do I start investing in gold online? What are the best sites for investing? Thanks!?

    • ANSWER:
      You need to have a broker, money to invest and patience (for time to work on your side). I don't believe in paying a broker to guide, manage or refer a stock portfolio or my investments. Why? Because they get paid whether you make money or lose it. If you have an on line brokerage account, i.e. thinkorswim, ameritrade, sharebuilder and so on, you have to be approved to trade commodities. Or... and this is my preferred method you can just buy into an ETF (exchange traded fund) for gold; ticker symbol GLD.

  44. QUESTION:
    dou you think investing in gold is a good idea?
    the price of gold always seems to be going up.
    would it be a good diea to buy some and just hold onto it for a while then sell it again?
    will the price drop?

    • ANSWER:
      I personally don't think it is a great investment. It counts on a weak dollar, which could continue but may not. The only reason it is as high as it is is fear, when people calm down it could crash pretty badly.

  45. QUESTION:
    If I wanted to start investing in Gold, what companies do you think are best?

    • ANSWER:
      My choice is:

      http://www.goldmoney.com/

      I have two years with them and I've no problem.

  46. QUESTION:
    who should i contact if i'm interested in investing in gold?
    I've heard it is projected to soar.

    • ANSWER:
      If you have money, you can just buy some.

      Your local coin shop may sell "bullion" coins. Bullion coins are not rare. They are valuable because of the gold or silver content. Examples include krugerrands, maples, and eagles.

      You may find this web site interesting reading:

      http://www.kitco.com

      Grandpa

  47. QUESTION:
    I heard investing in gold mining companies can be profitable. Does anyone know which companies are good?
    Where can I find these companies and how should I go about investing with them? ( Are there any particular investing strategies that would be effective?)

    • ANSWER:
      TRE TAN RANGE EXPLO +594.40 6.80 56.96% 55.08% 622625 12.03% 7.45 0.72
      CLG CUMBERLAND RES +279.70 4.25 74.91% 54.39% 113300 92.31% 4.45 1.02
      DEZ DESERT SUN MINI +273.70 5.72 69.13% 37.34% 434945 131.58% 5.82 1.03
      BMD BIRCH MTN RES L +241.10 7.53 63.73% 51.67% 826185 5.02% 8.50 1.40
      AUY YAMANA GOLD INC +227.80 9.66 67.62% 37.77% 1154220 46.14% 9.75 2.68
      MNG MIRAMAR MINING +215.30 3.48 69.28% 45.62% 565570 38.65% 3.74 0.68
      GRS GAMMON LAKE RES +206.20 17.80 61.19% 43.14% 349380 49.58% 18.75 5.37
      SA SEABRIDGE GOLD +190.60 8.65 57.05% 67.73% 124175 -7.98% 10.49 1.91
      WTZ WESTERN SILVER +187.30 24.33 77.04% 35.70% 478415 116.07% 24.64 7.05
      BAA BANRO CORP +166.80 11.48 65.51% 28.69% 6865 35.54% 11.50 2.98
      AEM AGNICO EAGLE MI +156.30 30.92 71.67% 41.80% 1862090 56.48% 31.46 10.80
      LIHRY LIHIR GOLD LTD +134.10 38.66 71.21% 38.00% 73555 20.55% 38.78 15.19
      GLG GLAMIS GOLD LMT +126.50 33.21 70.10% 39.30% 1502020 20.85% 34.34 12.82
      NG NOVAGOLD RESOUR +126.30 15.72 75.06% 41.72% 515640 72.75% 16.03 6.67
      HMY HARMONY GOLD MN +121.70 16.39 62.71% 42.76% 2135590 25.59% 18.84 5.96
      TGB TASEKO MINES LT +120.10 2.24 71.29% 61.27% 1052735 83.61% 2.40 0.80
      NXG NORTHGATE MINER +119.60 2.49 65.11% 37.80% 1738355 36.07% 2.59 0.92
      GG GOLDCORP INC +118.60 29.39 64.49% 31.30% 4117955 31.91% 30.44 12.04
      GBN GREAT BASIN GOL +112.70 2.15 68.90% 51.21% 274585 38.71% 2.24 0.79
      GFI GOLD FIELDS LTD +112.40 22.55 62.44% 37.45% 2259675 27.91% 24.17 9.40
      KBX KIMBER RES INC +106.30 3.01 67.11% 32.93% 214475 51.26% 3.20 0.99
      BGO BEMA GOLD CP +102.20 4.49 57.85% 40.46% 4937240 54.30% 4.70 1.70
      KGC KINROSS GOLD CP +91.40 10.86 63.22% 37.73% 1887975 17.79% 11.94 4.61
      RGLD ROYAL GOLD INC +90.40 35.02 58.76% 68.40% 834951 0.84% 41.66 15.99
      MDG MERIDIAN GOLD I +86.50 29.65 66.72% 49.37% 967425 35.57% 31.68 14.11
      EGO ELDORADO GOLD C +84.20 4.89 62.03% 62.27% 1183010 -0.20% 5.68 2.02
      CBJ CAMBIOR INC +83.80 3.35 64.17% 42.27% 548120 20.07% 3.48 1.51
      VGZ VISTA GOLD NEW +78.60 5.90 74.52% 28.35% 145080 16.14% 6.15 2.76
      OZN OREZONE RES INC +74.00 2.18 60.43% 53.17% 173675 15.34% 2.39 0.97
      AAUK ANGLO AM PLC AD +72.60 20.00 66.36% 28.48% 1407337 15.01% 20.26 10.69
      RTP RIO TINTO PLC A +70.00 212.00 67.46% 32.39% 280865 15.98% 215.79 114.90
      RBY RUBICON MINERAL +69.70 1.41 62.70% 124.34% 138380 62.07% 1.50 0.54
      NAK NORTHERN DYNAST +68.80 6.52 66.30% 33.49% 187950 22.56% 7.30 3.38
      GOLD RANDGOLD RES LT +57.60 18.96 67.03% 40.41% 457426 17.54% 19.75 11.00
      GRZ GOLD RESERVE IN +57.20 6.18 71.03% 60.05% 101340 110.92% 6.58 1.75
      AU ANGLOGOLD ASHAN +56.90 53.92 57.72% 38.72% 1307385 9.30% 62.20 30.50
      MGN MINES MGMT INC +53.30 8.42 54.30% 49.70% 152775 19.94% 9.49 4.07
      FNX FNX MINING CO L +53.10 11.52 49.69% 31.26% 45695 -1.62% 14.38 6.01
      NSU NEVSUN RESOURCE +52.70 2.92 70.00% 61.01% 298695 61.33% 3.10 1.31
      EGI ENTREE GOLD INC +47.10 2.37 70.97% 61.29% 122645 52.90% 2.60 1.36
      DROOY DRDGOLD LIMITED +44.10 1.46 50.99% 84.85% 3258770 1.39% 2.02 0.30
      IAG IAMGOLD CORPORA +43.80 8.78 59.37% 24.72% 380000 12.28% 9.77 5.35
      KRY CRYSTALLEX INTL +43.30 4.33 87.04% 72.41% 2082455 100.46% 4.36 1.01
      CGR CLAUDE RESOURCE +26.20 1.10 61.25% 57.94% 243585 11.11% 1.17 0.69
      IMR IMA EXPLORATION +23.80 3.14 60.55% 33.40% 133940 3.97% 3.48 2.00
      NEM NEWMONT MIN CP +22.40 51.13 48.89% 26.70% 7592245 -4.25% 62.72 34.90
      ABX BARRICK GOLD CP +14.20 27.74 56.40% 24.78% 4558010 -0.47% 32.14 21.07
      BVN COMPANIA MIN BU +5.80 25.07 52.71% 39.37% 739035 -11.41% 32.54 19.93
      RIC RICHMONT MINES +4.90 3.74 64.57% 40.95% 34070 2.47% 4.73 3.20
      GSS GOLDEN STAR RES +2.50 2.99 44.01% 65.45% 2496045 13.26% 3.89 2.10

      thar ya go
      oh ya, buy low sell high

  48. QUESTION:
    Considering investing in gold. Any negative outcome of doing so?
    I'm interested in the prospect of investing in gold. It has some advantages, for example it isn't going to loose its value over night like stocks have the potential to. But what are some negative aspects of investing in gold?

    • ANSWER:
      Definitely. Gold has risen to astronomical levels over the past few years, and there is no good explanation except human psychology; in other words: the formation of a bubble. And all bubble pop with horrible consequences. If your are looking for quick profit, buy gold but be ready to sell it when the booming price begins to peak.

      Don't let anybody say gold fundamentals are strong. We are not living in a gold standard and gold has no utility.

      One could say that this bubble is in stage two, where most people realise gold is forming a bubble. When ppl begin to believe that gold will sustain a long-term permanent rally that the bubble will pop.

      Also, if you look at history (which tends to repeat itself), a investment in Gold in 1802 yielded (adjusted for inflation) 98 cents in 2001,a price increase of less than inflation! So Gold is not a good hedge against inflation, at least in the long run. On the other hand, this investment will have yielded (again, adjusted for inflation):

      oStocks: 9,605
      oBonds: 2
      oBills: 4
      oDollar: [FAQ-ANSWER].07

      So INVESTING in gold is not a good idea, but TRADING gold can be rewarding.

      Don't be sucked into the herd!
      Follow this link to see what happens when you do:
      http://www.investopedia.com/features/crashes/

      Good Luck!

      If you wish to ride the bubble, follow this link for a rough idea of the risks and potential rewards:
      http://www.investopedia.com/articles/economics/09/investment-bubble.asp

  49. QUESTION:
    how to invest in gold share or buy gold bond in india?
    want ot buy gold bond or share

    • ANSWER:
      There is a concept of ETF in India. These are exchange traded funds which invest your money in the selected commodity / instruments.

      In India you can invest in GOLD ETFs run by several Funds. Few popular ones are :

      Goldshare run by UTI,
      Kotak Gold by Kotak
      Reliance Gold run by Reliance Mutual fund
      There are few others, too.

      Invest your money through one of such ETFs.

  50. QUESTION:
    Investing in gold versus the market?
    I know the market is down so it should be a great time to invest, but I'm still skeptical so I am thinking about investing in gold, which seems to have a decent rate of return over the long haul. How do I go about invest in it? I don't want to have gold myself, but how do I simply invest in it? Futures or something? Thanks in advance.
    Well, what would you suggest as an alternative? Nothing really seems that great.

    • ANSWER:
      It would be incorrect to make the argument that "gold has been good investment for the long hall."

      According to Chase Global Digest, Gold is the 2nd worst investment in history after diamonds.

      It took gold nearly 25 some odd years to go from it's previous high to next high again. So basically it took 25 years to break even in gold (not even factoring inflation) if one bought it at it's early 1980's high.

      This assumes gold was purchased using U.S. Dollars.

      30 year gold chart
      http://goldprice.org/30-year-gold-price-history.html

      I was trading gold for a while, and exited the position on or about 02-20-2009 when Gold broke over 00/ oz. (again) and been out of it since.

      If you have never traded futures before I would not be jumping into that. I have been in this biz for 20 years and still would not be trading futures. It is a very complex investment, and is highly risky. I leave this to the professional futures traders to figure out.

      I may look at it only if the economy show signs that it is going to plunge further near term, banks are semi-nationalized, or another shoe drops in the market.

      Most popular gold trading is the indexes:

      GLD = 1x long gold
      DGP = 2x long gold

      edit:
      If I was to look at an alternative it would depend on one's age, risk tolerance, time frame, and overall financial goals and financial picture.

      If one has debt such as CC debt, I would pay that first.

      Long term I have been repeatedly posting this as a basic strategy:
      S&P 500 Index
      in a Roth IRA
      Dollar Cost Average bi-monthly
      Do this for 15-20 years+

      edit/follow up comment - reality check: ------------------------------
      "Net adviser fails to mention gold adjusted for US dollar inflation is at 00 per ounce."

      I'm not sure how long the other poster has been a broker and a what kind of broker, but that would not be a correct statement.

      If one factored inflation on an investment one would SUBTRACT inflation from the return of the investment.

      Example:
      If inflation was 3% in one year, and you made 6% on your money, your inflation adjusted return would be 3% (6% return less 3% inflation = 3% inflation adjusted return).

      This is why bank CD's, and money markets tend to be poor investment choices over the long term. They almost always pay less than the inflation rate, thus over time, one loses their buying power. Most people get it that things cost more over time. This is inflation. We don't get free extra money just because there is inflation. Your mutual fund company does not send you an extra check each year based on the inflation rate. The stock your holding does not send you a check because inflation went up. Your car manufacture doesn’t send you a check if the value of your car drops because of inflation. Most jobs don’t have a pay increase each year to keep up with inflation either.

      Unless one has something like TIPS - "Treasury Inflation-Protected Securities," for example, one will not get paid more money on their investment because of inflation.
      http://www.treasurydirect.gov/indiv/products/prod_tips_glance.htm

      I ran historic inflation models when I worked at a top Wall Street firm for clients to show what inflation does to money over time - it eats it away (things costs more).

      Based on historical inflation models, generally over 30 years .00 cash will have a buying power of 30 cents. Thus investment in Gold on or about 1980, at ,000.00 an oz, the inflation adjusted return would be roughly 0.00. This is because gold did not keep up with the net increase of inflation. That is why Chase Global Digest research has said it is the 2nd worst investment after diamonds.

      To say that gold is worth by any calculation ,500 or whatever, is absurd. Tell ya what. I'll buy gold in the open market at today's price of about 0.00 an oz, and you tell me you are dying to buy it from me at ,000.00 oz. right now. If you think your answer is correct, then you'll make ,500 oz. Now try selling that in the market, and you'll wonder why there are no bids at that price.

      http://www.hoover.org/research/factsonpolicy/facts/4804201.html

      One last note:
      RE: other poster: "Dollar...gold...they will catch up to each other, guaranteed..."

      As a fmr Securities Compliance Officer, it is unlawful - a violation of U.S. Securities Law to state, suggest, imply, infer, etc., ANY guarantees, on investments. By making such statement, one could be fined, sued by a client following such advice, or suspended by regulators or all three.

      Here are some compliance law websites a domestic securities, commodities, futures, broker should know and is REQUIRED by law to follow.

      Broker Misconduct
      http://www.usinvestorlaw.com/types-of-stock-broker-misconduct.php
      http://www.securitieslaw.com/complaints.html

      Fraud and misrepresentation
      http://www.securitieslaw.com/causesofaction.html#fraud

      Misrepresentation and Omissions
      http://www.stockbroker-fraud.com/lawyer-attorney-1133453.html

      I'm not doing this to censure the other poster, I'm point out that a licensed rep is required to know securities rules and regs. And by posting such info in question, is misleading to the unsuspecting people who are not financial experts and who may incorrectly rely on false and misleading information.

      This is why I have repeatedly suggested on Y!A and toother to seek professional advisors with no less than 15 years real market experience.


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